Bitcoin Pushes MicroStrategy Up 113% Since Citigroup Downgrade in December
Despite the fall in BTC price, MicroStrategy CEO remains confident in the company’s constant acquisition of the digital currency.MicroStrategy Inc (NASDAQ: MSTR) recorded about a 113% increase in its stock since the 8th of December when Citigroup Inc (NYSE: C) downgraded the company’s stock. Over...
What Elon Musk said about Bitcoin during today’s packed Clubhouse event
I don’t know about you but around two hours ago, I had my eyes and fingers glued to my iPhone trying to join the latest Clubhouse even with Elon Musk.Unfortunately, I didn’t get in.Well, kind of. I quickly found a bootleg stream of the...
Bitcoin could soon feature on VISA network, CEO Al Kelly says
The payments giant might add cryptocurrencies to its expansive global network.Bitcoin on VISA?Payments giant VISA could soon add Bitcoin and other cryptocurrencies to its expansive payments network, CEO Alfred Kelly said during an online appearance last week.“To the extent, a specific digital currency becomes...
Analysts say Bitcoin could pop back up after accumulation
The price of Bitcoin fully retraced after surging to around $38,000 in the past 24 hours. BTC initially surged after Tesla CEO Elon Musk put the word “Bitcoin” in his Twitter bio.Since then, BTC has dropped back down to around $33,000, hovering just below...
‘DeFi is really eating the world of finance,’ says Kraken CEO
The emergence of cryptocurrencies such as Bitcoin and Ethereum made it obvious how much traditional markets lack transparency and are stacked against the “little guy,” Jesse Powell, CEO of crypto exchange Kraken, told Yahoo! Finance in an interview published on Friday.“Ethereum gives you access...
Bitcoin and Inflation: Everything You Need to Know
Crypto enthusiasts often talk about bitcoin as a hedge against inflation. Why?
The argument is that central bank money printing will lead to inflation or the decrease in the value of money over time. Bitcoin, by contrast, has a fixed limit of 21 million coins...
MicroStrategy CEO to release the world’s first Bitcoin ‘playbook’ for corporations
The enterprise business firm entered the Bitcoin space last year amidst fears of inflation and a depreciating dollar. It’s now urging other corporations to do the same.The playbookBusiness analytics company MicroStrategy will soon release Bitcoin Corporate ‘playbook’ yesterday, as per a tweet by firm...
Ray Dalio clarifies his position on Bitcoin saying he “greatly admires” it
Billionaire philanthropist and founder of Bridgewater Associates Ray Dalio clarified his stance on Bitcoin, saying he respects how it’s fared over time.“I greatly admire how Bitcoin has stood the test of 10 years of time, not only in this regard but also in how...
Here’s why Elon Musk’s simple Twitter bio change rocketed Bitcoin up 18%
The price of Bitcoin surged 18% after Elon Musk, the CEO of Tesla and SpaceX, added “Bitcoin” to his Twitter bio.
The price of Bitcoin. Source: BTCUSD on TradingView.comWhy would Bitcoin rally this hard off of a Twitter bio change?Musk adding Bitcoin to his bio...
MSTR Stock Up 10%, MicroStrategy Announces Q4 2020 Earnings Results
In Q4 2020 MicroStrategy acquired about 32,220 Bitcoins at a gross purchase price of $700.0M with an average price of $21,726 per Bitcoin.MicroStrategy Inc (NASDAQ: MSTR) announced its financial results for the final Q4 of the 2020 fiscal year on Thursday. MSTR stock jumped...
