Dylan LeClair

Blog Info Bitcoin Magazine
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Stats Has written 18 posts about cryptocurrency

Apr 12 2021

The Conclusion Of The Long-Term Debt Cycle And The Rise Of Bitcoin

Apr 12 2021 Published at Bitcoin Magazine under tags  debt global debt leverage markets

The conclusion of the long-term debt cycle is an inescapable economic reality that coincides with the ascent of the Bitcoin Network.In this article, I will detail why the incumbent global financial system is irreversibly broken, how it got to this point, and what the world will look like coming out the other side of the present crisis. I will use the frameworks...

Apr 10 2021

JPMorgan Eyeing Bitcoin’s Contango, Releases Bullish Report

Apr 10 2021 Published at Bitcoin Magazine under tags  contango, jpmorgan markets

JPMorgan has released a report on the futures and derivatives market around bitcoin, providing insight and bullish sentiment.In a report titled “Why Is The Bitcoin Futures Curve So Steep?” JPMorgan Chase analysts examined the growing futures and derivatives market surrounding bitcoin, provided insights as to why the contango is so steep and explored...

Apr 07 2021

Report: $48 Billion Hedge Fund Millennium Management Had GBTC Exposure

Millennium Management, one of the world’s largest hedge funds, reportedly had exposure to Grayscale Bitcoin Trust as NAV fell steeply.Millennium Management, one of the world's largest hedge funds with $48 billion in assets under management, is reported to have had exposure to Grayscale Bitcoin Trust...

Riot Blockchain To Purchase 42,000 Antminers For $138.5 Million

North American bitcoin mining company Riot Blockchain will purchase 42,000 bitcoin mining rigs, upping its hash rate to 7.7 EH/s.Colorado-based bitcoin mining company Riot Blockchain has...

In Bullish Report, Bloomberg Predicts $400,000 Bitcoin Price In 2021

Apr 07 2021 Published at Bitcoin Magazine under tags  bitcoin price bloomberg markets

In its latest monthly “Crypto Outlook” report, Bloomberg outlined the “rising bitcoin adoption tide” with some bullish sentiment.On April 6, Bloomberg released the April edition of...

Apr 06 2021

Fidelity, Square And Coinbase Launch Cryptocurrency Trade Group

Four institutions with significant stakes in the success of Bitcoin launched a trade group to lobby policymakers for favorable regulation.Fidelity, Square, Coinbase and investment firm Paradigm are joining together to form a new council to lobby policy makers to support the burgeoning Bitcoin and...

Apr 05 2021

Grayscale Announces Intention To Convert GBTC To ETF

Grayscale Investments plans to convert its Grayscale Bitcoin Trust, the world’s largest such product, into a bitcoin exchange-traded fund.Today, digital assets management group Grayscale announced its intention to convert the world’s largest bitcoin trust, GBTC, into an exchange-traded fund (ETF) with regulatory...

Apr 04 2021

JP Morgan Revises Bitcoin Target To $130,000, Citing Decreased Volatility

Apr 04 2021 Published at Bitcoin Magazine under tags  business institutions jpmorgan

The financial giant is gradually becoming more bullish on Bitcoin and institutional adoption.JPMorgan, in an email note released to clients on Thursday, cited decreasing Bitcoin volatility as a positive for institutional interest in the asset. In an article covering the...

Apr 02 2021

Coinbase Receives Approval For Public Listing

Apr 02 2021 Published at Bitcoin Magazine under tags  business coinbase

Coinbase has received regulatory approval for its planned direct listing and is expected to start trading on April 14.Coinbase Global Inc, one of the most significant Bitcoin exchanges in the world, has received approval from the U.S. Securities and Exchange...

Mar 30 2021

CME Group Introduces Micro Bitcoin Futures Contract

Mar 30 2021 Published at Bitcoin Magazine under tags  cme group futures markets

CME Group, one of the largest derivatives marketplace in the world, has introduced a micro bitcoin futures contract.Today, CME Group, which is among the world's largest derivatives marketplaces, announced the introduction of a new “micro bitcoin” futures contract, which will start trading on May...

Mar 29 2021

BNY Mellon Releases Report On Future Bitcoin Valuations

Mar 29 2021 Published at Bitcoin Magazine under tags  bny mellon markets stock to flow

The country’s oldest banking institution has taken a deep dive into the future of bitcoin’s value through a new report.BNY Mellon, the nation's oldest banking institution, founded in 1784, released a March 2021 report today covering various valuations frameworks for bitcoin. This came on...

The Trojan Horse: Bitcoin is “Just” Digital Gold

Mar 29 2021 Published at Bitcoin Magazine under tags  gold markets

Bitcoin’s comparison as “merely” digital gold demonstrates that legacy financial bureaucrats are in for a rude awakening.Early on Monday morning, March 22, during the Bank of International Settlement’s Innovation Summit, Federal Reserve chair Jerome Powell had...

Mar 28 2021

If History Is Any Indication, $200,000 Bitcoin Is Coming In 2021

Mar 28 2021 Published at Bitcoin Magazine under tags  bitcoin price markets stock to flow

A combination of supply and demand dynamics and the actions of legacy financial systems will push bitcoin to $200,000 in 2021.Bitcoin has been on a tear in 2021, and if history is any indication, we should expect bitcoin to continue to run well past the six figures mark, and to $200,000 and beyond in 2021. The Halving Cycle Dynamic, Programmatic Price Action...

Mar 26 2021

Grayscale Bitcoin Trust Hits Record Low Against NAV

Why has the Grayscale Bitcoin Trust hit a record low against net asset value?Shares of the Grayscale Bitcoin Trust (GBTC) hit a new record low against net asset value (NAV) this week, touching as low as negative 14.31 percent as bitcoin continues to face downward pressure, with the asset down 8.02 percent on Thursday.The world's largest bitcoin fund in terms of...

Mar 15 2021

The Imminent Synergy Between The Insurance Industry And Bitcoin

Mar 15 2021 Published at Bitcoin Magazine under tags  business insurance

Given current monetary policy, the insurance industry and bitcoin are a match made in heaven. Here’s why.Early on the morning of March 10, NYDIG, a financial services firm dedicated to Bitcoin and built specifically for institutional clientele,...

Mar 13 2021

Why Does MicroStrategy Continue To Feverishly Accumulate Bitcoin?

MicroStrategy’s bitcoin strategy is simple: sell software, take profit and store value… just not in dollars.On March 12, Michael Saylor, CEO of MicroStrategy, announced that the company had accumulated another 362 bitcoin, worth $15 million, adding to its huge treasury of BTC. At this point, Saylor and MicroStrategy have demonstrated...

Mar 08 2021

In Shareholder Letter, Seetee Founder Makes Bull Case For Bitcoin

Mar 08 2021 Published at Bitcoin Magazine under tags  business kjell inge røkke seetee

In announcing bitcoin-focused company Settee to shareholders of Aker ASA, billionaire Kjell Inge Røkke made a notably bullish case for BTC.Aker ASA, a Norwegian holding company that is majority owned by billionaire Kjell Inge Røkke, has announced the formation of a new company called Seetee in a letter to...

Mar 07 2021

Bitcoin Corporate Balance Sheet Watch Monthly Update: February

Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar.What started out as a slow trickle of institutional investment pouring into the bitcoin market is developing into a steady stream that will, in time, turn into an all out flood. Let the game theory commence! Prior to 2020, institutional and corporate interest in bitcoin...

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