Elon Musk Reaffirms Interest in Bitcoin and Dogecoin, Warns Against Crypto Scams
Elon Musk, the CEO of Tesla, voiced a positive outlook on Bitcoin, acknowledging its value and hinting at an appreciation for other digital currencies.
Elon Musk, the CEO of Tesla, voiced a positive outlook on Bitcoin, acknowledging its value and hinting at an appreciation for other digital currencies.
Bitcoin has exhibited a strong positive correlation with NVDA since late 2022.
The purchase of bitcoin for a new strategic reserve would be financed partly by revaluing Federal Reserve's gold, according to draft legislation from U.S. Senator Cynthia Lummis's office. The plan proposes establishing a "Bitcoin Purchase Program" of up to 200,000 BTC a year over a five-year period. U.S. Senator Cynthia Lummis's plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk.
Caitlin Long discusses how Trump’s pro-bitcoin stance could transform U.S. financial regulations.
ETF executive Cohen tells Bloomberg that interest in crypto assets would be "the story of this year and next."
"Over the next 10, 15 years, for sure, the United States will have some Bitcoin on its balance sheet or kind of in a strategic stockpile. I think the question really just becomes, how aggressive are we in that?"
The decline was expected, as 10% of the bitcoin held by the fund was spun off to create the new Grayscale Bitcoin Mini Trust.
Most people associate Sony with flatscreen TVs, gaming consoles, movies, and music. But the Japanese company plans to overhaul the "Whalefin" crypto exchange it acquired. The key question moving forward will be how well companies like Sony can adapt to the unique challenges and opportunities presented by the crypto space.
Bitcoin's price fell after investors speculated about a sale by the U.S. government.
Donald Trump’s plan to make bitcoin a so-called strategic reserve asset doesn’t make much sense, the editorial board of the Wall Street Journal wrote in an op-ed Tuesday.