$82,110.00
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-1.67%$126.33
0.63%$0.999892
-0.00%$0.163752
-4.06%$0.648429
-4.95%$0.232773
0.41%$1,798.34
-2.13%$81,887.00
-1.22%$3.91
1.25%$9.13
-5.33%$13.24
-3.29%$0.261651
-3.25%$0.999988
0.02%$2,147.38
-2.58%$18.61
-4.47%$0.00001216
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-7.29%$83.90
-2.72%$6.19
-2.96%$4.01
-2.95%$296.48
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-4.27%$1.001
0.06%$0.998495
-0.13%$1,802.46
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-0.01%$0.00000702
-2.27%$48.33
-0.52%$22.27
-1.57%$0.099267
-5.22%$82,035.00
-1.31%$33.29
-5.49%$0.784593
-2.76%$0.997803
-0.07%$5.21
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-2.46%$0.774235
-3.93%$157.22
-4.97%$1.17
0.14%$10.03
-2.49%$1.00
0.00%$0.02238204
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-2.01%$0.351892
-2.45%$219.32
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0.32%$0.063299
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0.16%$0.473683
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1.92%$1,265.14
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0.27%$0.416425
-8.47%$17.53
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0.14%$0.532403
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0.01%$2,032.99
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0.07%$1.00
0.06%$1.00
0.03%$0.794111
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1.74%$1.002
0.14%$0.852239
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1.07%$2.21
0.42%$0.64257
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0.00%$31.23
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4.79%$161.27
0.44%$0.456616
-4.85%$0.10153
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-2.57%$0.00005733
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4.44%$138.19
0.46%$0.99962
0.07%$15.57
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0.07%$0.999925
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1.45%$1.00
0.04%$28.18
0.52%$2.87
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0.21%$1.00
0.08%$0.42889
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0.36%$1.11
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0.00%$1,801.37
-2.06%$0.00001964
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-0.09%$0.00581726
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-4.86%$81,723.00
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0.00%$38.61
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11.57%$1.004
0.43%$0.362531
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5.79%$0.00388217
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1.23%$0.00944238
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0.79%$0.611798
-6.82%$81,860.00
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0.05%$3,104.88
0.69%$0.999763
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0.29%$0.03451568
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-3.62%$0.00258025
-8.59%$0.50765
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-1.51%$1,799.76
-2.07%$0.914327
-2.97%$0.00299335
-8.00%$0.0291368
-4.65%$0.30274
0.68%$0.519883
-1.90%$20.03
-0.56%$2.19
0.28%$0.01108284
-2.76%$0.00239743
9.10%$0.00465651
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0.01%$0.627444
-3.61%$0.079119
2.76%Reading
Earlier this week, American software company MicroStrategy announced it was investing $250 million in Bitcoin to protect against inflation fears and a grim economic outlook. It was a major endorsement in the cryptocurrency space.
But it wasn’t always destined to be this way. Back in 2013, MicroStrategy’s CEO Michael Saylor, who led the announcement, predicted the death of Bitcoin.
“Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling,” Saylor tweeted.
#Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.
— Michael Saylor (@michael_saylor) December 19, 2013
For context, the pioneer digital asset was trading at $1,200 in November 2013, it’s first ever four-figure valuation and the first of its many upward runs.
Saylor did not make any public comments since, until earlier this week when his firm decided to fully back Bitcoin.
MicroStrategy Adopts #Bitcoin as Primary Treasury Reserve Asset. https://t.co/JH69p2mEKY
— Michael Saylor (@michael_saylor) August 11, 2020
“This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash,” said Saylor on August 11.
Correction: An initial version of this article said the investment was $250,000. We regret the error. Business analytics firm MicroStrategy has made a $250 million investment in Bitcoin, while endorsing the cryptocurrency as a superior asset class. The firm puchased 21,454 Bitcoin as part of a capital allocation strategy. "This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with mor...
He’s not alone in the 180-degree-turn. This year, Mathew McDermott, the head of digital assets at US bank Goldman Sachs, said the bank is entertaining client requests for cryptocurrency transactions after a “resurgence of interest.” This is the same bank that flat out dismissed Bitcoin as an asset class in May 2020 during an investor call.
Bitcoin trades at $11,500 as of today and has emerged as a hedge against global economic uncertainty. Or as hedge fund legend and investor Paul Tudor Jones put it best: Bitcoin’s the “fastest horse” in the global financial race.
Who will be the next Bitcoin skeptic to change tune?
A 7.7 magnitude earthquake struck near Mandalay, Myanmar, last Friday, leaving the immediate area devastated with at least 2,000 people dead and over 3,400 injured, with the number expected to rise as data from neighboring countries such as Thailand comes in. The 10-kilometer deep quake released energy comparable to hundreds of nuclear explosions, according to data from the U.S. Geological Survey. It was the most powerful earthquake to have hit Myanmar since 1912 and so far is the second deadlie...
Terraform Labs has opened an online portal for investors to submit compensation claims for financial losses stemming from the May 2022 de-pegging of TerraUSD. Managed by administrators at New York-based Kroll, the portal will open on Monday, March 31 and close on April 30, giving loss-making investors a month to file claims. Applicants will have to submit evidence supporting their filings, including wallet addresses in which Terra-based cryptocurrencies were held, as well as transaction logs for...
Why did Joseph Maldonado-Passage, better known as Joe Exotic from the viral Netflix docuseries “Tiger King,” debut a meme coin on Solana from prison earlier this week? “I’m knee-deep in lawyer bills,” he told Decrypt in an interview, claiming the endeavor will also benefit children through donations to a nonprofit called Operation Smile. The 62-year-old, who has lived behind bars for seven years, didn’t launch the meme coin himself. Instead, he said his lawyers helped him get “Official Tiger Kin...
