Bitcoin’s third halving in history took place at 7:23 p.m. UTC on Monday, which reduced the Bitcoin block reward from 12.5 BTC to 6.25 BTC. Some crypto experts predict that the new halving will force some miners to stop generating new Bitcoin, since a wide number of mining rigs will become outdated. Just before the […]

Raoul Pal from Global Macro Investor recently said that Bitcoin is currently in “one of the best set ups in any asset class I’ve ever witnessed.” According to Pal, BTC is trading inside a “perfect wedge” that is a precursor to a massive new bull run. The first chart has BTC targeting $40k, but in […]

Paul Tudor Jones is now officially bullish on Bitcoin (BTC) You probably read by now that famous American hedge fund manager Paul Tudor Jones has now invested in Bitcoin as a hedge against inflation. In a letter to investors, the manager explained that “Bitcoin is undervalued relative to gold.” Specifically, he said:

In the past days, investors watched Bitcoin closely, hoping it will be able to break through the major resistance at around $10k. Analyst Dave the Wave is expecting Bitcoin to start a major retrace before eventually hitting $100k be 2023. If we're to see a year long manic market, a longer cycle, and diminished returns…. […]

Cryptocurrencies, and especially Bitcoin, are being adopted on a very wide scale in Venezuela, as a mean to combat hyperinflation. According to CoinTelegraph.com, starting June 1st, over 20,000 new shops and enterprises will start accepting crypto payments. We remind you that Venezuela’s hyperinflation rate hit 10 million percent at some point last year, which makes […]

Renowned investor Paul Tudor Jones is buying Bitcoin as a hedge against the inflation that he foresees, due to central bank money-printing: “The best profit-maximizing strategy is to own the fastest horse,” Jones, the founder and chief executive officer of Tudor Investment Corp., said in a market outlook note he entitled ‘The Great Monetary Inflation.’ […]