Bitcoin, now worth more than most U.S. corporations, first reached "dollar
parity" 10 years ago.
Investors may be realizing the same deflationary market mechanisms that apply
to bitcoin’s scarcity creates similar opportunities in NFTs.
Bitcoin set a new high above $50,000 after erratic trading earlier this week,
though options markets are not anticipating a drawdown anytime soon.
Also: Did the CFTC "pop" the 2017 bitcoin bubble?
Recently deceased porn mogul Larry Flynt once said, “Hypocrisy is a detriment
to progress." His story may have something to offer crypto.
A CNBC contributor said the U.S. government wouldn't stomach losing the
dollar's supremacy to bitcoin. Others say "the ship has sailed" on an outright
Analysts say the market is pricing in the potential for other corporate BTC
Tesla plowed $1.5 billion into bitcoin, ETH futures went live on CME, Brian
Brooks comments on dollar debasement.
Also: Ether is jumping off, taking DeFi tokens with it.
A flurry of crypto investment funds were announced, as NYDIG predicts it will
see $25 billion in bitcoin under management by year's end.
Bitcoin is being hoovered up faster than it's mined, as Guggenheim predicts
increased institutional inflows and Ruffler takes profits.
A new report from Outlier Ventures provides a map of blockchain development
activity. Ethereum, Cosmos and Bitcoin lead the pack.
XRP and silver went viral – showing mind-meld market mechanics are still in
play – though both hit limits.
A renewed the pitch to create open access and decentralized standards is much
bigger than what's happening to a few stocks.
Following a tweet from “WSB Chairman" inquiring about the meme cryptocurrency
dogecoin prices went haywire.
Anthony Scaramucci sees recent GameStop price action as proving Bitcoin's
larger thesis of decentralizing and democratizing finance.
Meanwhile, BoE Governor Andrew Bailey said crypto qua crypto fails as currency
qua currency, though dissidents like Alexey Navalny might disagree.
With ether whales and small holders rising, some analysts are speculating
about a potential ETH supply crunch.
The efficient market hypothesis butts up against bitcoin's volatile day while
Bitcoiners show solidarity in hosting the white paper.
The world's largest asset manager will allow two of its funds to get into
bitcoin futures, as Guggenheim speculates a market pullback in the near term.