$108,464.00
-1.13%$2,763.38
-1.27%$2.26
-1.91%$665.43
-0.86%$160.29
-2.60%$0.999762
0.00%$0.192604
-1.97%$0.278624
-4.19%$0.694064
-3.13%$2,765.28
-1.06%$108,473.00
-1.16%$41.17
-1.68%$3,326.35
-1.44%$3.37
-3.23%$14.83
-3.43%$21.47
-4.37%$0.276958
-1.36%$427.33
-2.47%$9.09
2.45%$3.22
-3.27%$0.0000129
-3.06%$0.172063
-4.51%$0.999611
0.00%$2,950.35
-1.43%$2,763.96
-1.25%$91.08
-2.16%$4.17
-2.54%$328.74
-2.63%$1.00
0.07%$1.001
0.03%$4.75
-1.15%$0.00001232
-5.14%$108,434.00
-1.29%$8.09
-4.29%$0.630809
-1.72%$31.99
2.20%$302.75
-0.76%$403.80
-4.75%$1.18
-0.01%$54.00
0.88%$6.02
-2.31%$2.57
-2.58%$4.97
-2.67%$0.098308
-3.04%$1.00
0.00%$18.01
-2.73%$193.70
-2.76%$0.864266
-3.22%$1.055
0.04%$31.28
0.79%$0.085706
-5.04%$0.665615
-1.52%$18.19
-0.57%$0.996111
-0.29%$0.02483992
-4.77%$10.62
-2.99%$0.344534
-5.89%$0.228603
1.33%$4.48
-2.49%$0.770692
-5.69%$3.84
-7.09%$108,457.00
-0.87%$0.39559
-3.96%$4.44
-0.10%$0.085723
-3.58%$2.68
-1.58%$1.11
-5.33%$0.196044
-5.38%$115.76
-5.30%$2,758.95
-1.33%$4.56
-1.10%$0.999765
0.24%$1.00
0.07%$1.60
0.52%$1.00
-0.00%$11.38
0.09%$169.20
-2.29%$2.10
-4.19%$2.10
0.69%$0.463334
-5.56%$1.36
-1.21%$3,142.84
-1.28%$13.20
-5.45%$0.00001669
-6.27%$2,892.69
-0.92%$0.01881329
1.73%$1.25
-0.03%$0.689375
-3.22%$0.372094
-7.52%$3.98
-3.90%$0.067526
2.36%$0.197505
-4.76%$0.684779
-3.87%$2,956.02
-0.86%$1.00
0.02%$0.17196
19.74%$0.997456
-0.22%$0.634374
6.05%$108,128.00
-1.43%$2,895.80
-0.93%$0.999968
0.08%$0.524282
-4.70%$0.940493
-8.11%$2,909.65
-1.01%$0.096703
-5.11%$0.668964
-8.57%$108,259.00
-1.18%$664.50
-1.08%$0.00009036
-5.46%$0.951923
-1.34%$3,369.05
1.28%$178.55
-2.83%$2.56
-2.08%$106,120.00
-3.47%$3,384.10
1.37%$49.77
-3.78%$0.787355
-4.49%$208.41
-2.71%$0.01698678
-4.46%$22.54
-4.51%$0.188728
-3.48%$0.123377
-5.22%$0.011293
-8.17%$2.11
-0.45%$0.288667
-3.69%$1.11
0.01%$0.01452101
-6.09%$0.517068
-4.27%$111.39
0.01%$0.0000007
-3.05%$0.999687
0.01%$33.12
-4.69%$2.28
-6.98%$4.01
-9.25%$0.609139
-1.77%$0.630253
-5.24%$0.998012
0.07%$2.01
-0.15%$2,762.22
-1.31%$108,024.00
-1.41%$0.380245
-4.48%$0.228897
-0.21%$41.30
-1.31%$1.69
-3.38%$1.094
-0.22%$2,763.24
-1.22%$2,889.03
-1.21%$2,960.31
-0.73%$0.999594
-0.03%$0.710991
-3.50%$0.289054
-4.24%$2,985.32
-1.31%$59.44
-0.91%$0.054339
-8.41%$0.533594
5.52%$0.495792
3.53%$9.25
-1.53%$108,324.00
-1.40%$2.86
-4.00%$108,264.00
-1.14%$2,764.05
-1.07%$1.74
-14.84%$0.01457889
-4.80%$0.192329
-1.84%$0.990688
-0.61%$1.20
-8.00%$1.54
-6.38%$0.396803
-7.68%$0.138225
-6.82%$0.628076
4.96%$0.421415
-7.23%$6.94
-4.27%$0.547761
-9.39%$41.41
-0.78%$2,754.67
-1.35%$0.573987
-5.24%$0.47914
-4.20%$1.57
-1.19%$0.04861088
-2.42%$0.00002215
-3.29%$0.061496
0.86%$6.18
-4.02%$15.36
-4.75%$0.999798
0.00%$0.00426759
-8.00%$0.00000108
-1.80%$1.00
0.07%$0.0045733
3.52%$38.12
1.93%$2,934.49
-0.91%$101,581.00
-3.84%$2.57
-4.82%$0.166491
-2.04%$1.26
-6.70%$0.081669
-5.47%$0.999777
0.00%$0.00000042
-3.45%$1.09
0.02%$1.004
0.83%$0.00700901
-6.17%$0.154607
-6.42%$1.64
-7.34%$3,045.71
-1.24%$1.003
0.35%$0.03909333
-3.49%$0.378476
-8.32%$0.565437
-3.43%$0.01907416
-3.83%$3,012.15
-1.29%$1.35
-5.75%$2,763.47
-1.19%$0.356104
-6.48%$0.00428321
6.06%$108,323.00
-1.23%$0.00657271
-4.43%$0.074385
-5.96%$0.228548
1.32%$108,208.00
-0.58%$0.0340947
-2.51%$174.22
-2.42%$0.0039633
-2.80%$0.800251
-4.54%$125.93
-3.18%$0.00006068
-2.59%$2,756.41
-1.36%$0.02150861
8.74%$21.44
-4.64%$19.91
-0.13%$7.74
-5.34%$0.999892
-0.00%$0.999337
-0.06%$0.691478
-6.96%$0.998151
-0.15%$0.679263
-3.16%$0.218461
-3.46%$0.00422456
-7.35%$0.00325597
-6.07%$0.485997
-3.29%$0.00000141
-2.25%$2.37
-6.88%$0.136436
3.76%$25.91
-4.65%$107,582.00
-1.81%$1.005
-0.23%$0.287877
-7.04%$16.67
-4.00%$1.019
0.12%$2,178.09
-1.06%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?
The Hyperliquid platform's native token, HYPE, is today the strongest performer among top 15 assets by market cap—excluding stablecoins. Its seven-day gains have outpaced major altcoins as Bitcoin volatility posts record lows for the year, pushing a relatively stable trading pattern. HYPE traded at $41.31, down 0.3% on the day, yet maintaining strong momentum with 12.4% weekly gains and 67.2% monthly appreciation, according to data from CoinGecko. It has sustained this uptrend since mid-May, wit...
The investment firm of famed tech investor Cathie Wood remains bullish on Bitcoin as its price has climbed back near its recently established all-time high of $111,814. Aggregate unrealized profit levels, Bitcoin ETF flows, and key support levels converging are among "bullish" indicators for the top crypto asset, according to ARK Invest’s monthly Bitcoin report for May. “Bitcoin has not hit irrational exuberance,” reads one of the report’s key takeaways. One notable sign that Bitcoin hype has...
Bitcoin Core developers have confirmed plans to remove long-standing data storage restrictions in the upcoming version 30 release, scheduled for October 30. The change essentially eliminates Bitcoin's current 80-byte limit on OP_RETURN outputs, which are special transaction fields that allow users to embed arbitrary data on the blockchain. Under the new rule, transactions can include multiple OP_RETURN outputs, each potentially containing up to 4MB of data. “Bitcoin Core is just one protocol imp...
