BTC

Bitcoin losses have come during elevated geopolitical tensions and rising inflation.

"When there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions," Musk said after suspending Bitcoin transactions in Tesla.

The company states that its Bitcoin holdings are “highly liquid.”   

Even though a huge chunk of the locals have still not embraced the asset, BTC has provided certain benefits to the nation

The study focused on 23 countries worldwide and found France to be the best Bitcoin trading nation. 

The question si whether Elon Musk will take up Michael Saylor's suggestion?

The company believes cryptocurrencies like Bitcoin have the potential to be the currency for today's world with globalized supply chains. 

"Retail investors and small whales sell BTC, but top 69 large whales buy the dip. We can see a slight increase in BTC exchange reserves during the last seven days, but Top 69 large whales buy the dip, even today they bought more than 6,000 BTC (Net)," noted CryptoQuant analyst YuShiuanChen.

Exclusively for the Bitcoin 2022 conference that has kicked off in Miami on Wednesday, Coinme and Coinstar have waived the transaction fees for all the attendees who purchase Bitcoin at the Coinstar kiosk

Industry insiders believe that Bitcoin’s price hike comes as the Luna Foundation Guard (LFG) purchased another $125 million worth of the digital asset, in order to take exposure to $10 billion Bitcoin. 

"I think we need to have hard money again. We need to have good quality money that’s not subject to inflation," Prince Philip said.

Given a huge drop in the price of Bitcoin, it is now impossible to recover the loss of the fan. 

The Galaxy Digital CEO compared the growth of Bitcoin and cryptos in 2021 to the growth of the internet in its 90s.

Scaramucci, who is a Bitcoin bull, also said that Bitcoin will be adopted as legal tender in several Latin American countries. 

Robert Kiyosaki tweeted about depression and hyper-inflation.

The Dubai Virtual Assets Regulatory Authority (VARA) would oversee the growth of the virtual asset business environment in terms of regulation, licencing, and governance.

After El Salvador's pathbreaking decision to make Bitcoin legal tender last year, top players have shown an evident inclination toward crypto adoption.

Miller, a former chairman of Legg Mason Capital Management Value Trust, has time and again voiced support for Bitcoin. 

Bitcoin and Nasdaq have been moving in tandem in recent months, rallying and selling-off about the same time. But the relationship between the two may be elusive.

Bitcoin prices are expected to recover after the next halving in 2024.

"You have to buy #Bitcoin (keep buying when the price is low), then just hold your #BTC, forget about selling … trust me you’re going to thank me later," Ricardo Salinas Pliego tweeted. 

Bitcoin miners have generated a total of $15.3 billion in revenue, making 2021 a record year

Bitcoin has fallen over 40% since it touched the record-high of $69k in November. 

Uber's CEO said in an interview with Bloomberg that  Uber will accept cryptocurrencies as payments for cab rides in the future.

Last month, IMF had pointed out a clear correlation between stocks and the Bitcoin movement

People buy Bitcoin because they want to buy an asset they understand that might have value in 100 years," Michael Saylor said.

The non-GAAP digital asset impairment charge of $146.6 million the company reported is up from $65.2 million reported in the previous quarter.

Bitcoin has maintained its first-mover advantage over time, the firm noted.

Even amid the current slump, ARK Invest has a bullish forecast for the number one cryptocurrency.