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Though Bitcoin hasn’t seen a historically precedented December takeoff, the bear market may still be a long way out. Mike McGlone – Senior Commodity Strategist at Bloomberg Intelligence – recently called the asset an “enduring bull-market.” Moreover, institutional adoption continues to rise while several indicators suggest that Bitcoin has a bright future in 2022. McGlone’s Analysis Earlier today, McGlone offered his bullish analysis in conversation with Bloomberg’s Paul Sweeney and Sonali Basak. Whereas he characterizes oil as an “enduring bear…

Former US President Donald Trump remains stubbornly opposed to the digital asset ecosystem. In a recent interview, he called cryptocurrencies “a hazardous thing” while showing a strong preference for the US dollar. His stance against the industry puts him in rare agreement with Hillary Clinton, who believes that crypto threatens dollar hegemony. Dollars Over Bitcoin, Says Trump Trump re-established his disdain for cryptocurrency in conversation with Fox anchor Maria Bartiromo on Tuesday. She asked him about his thoughts on the…

The world of cryptocurrencies has been living, for several years now, in a hype that no other sector can claim to have in our age. Although a biased perception of reality often generates manias, this industry deserves everyone's attention.  Even in the early 2000s, the invention of the internet created enormous euphoria in the financial markets. However, the bursting of the famous dot-com speculative bubble did not stop the web sector from growing and revolutionizing our economy. Excluding the current…

The Metaverse is perhaps one of the most interesting trends to follow in the crypto universe for 2022. Many may view this sector with skepticism, and it was the same with Bitcoin. However, virtual reality is about to reach a whole new level.  As with any innovation in our economy, those who want to take advantage of this opportunity must have money, courage, and foresight. But, if today it seems normal for a business to have its website (and, indeed,…

El Salvador is buying more Bitcoin - this time, for the meme. Nayib Bukele, President of El Salvador, said that the country is buying 21 BTC - to mark a special occasion. In particular, Tuesday marked the 21st day of the 21st year of the 21st century. https://twitter.com/nayibbukele/status/1473489844521385985 The Bitcoin transaction in question happened on 21/21/2021 at 9 PM and amounted to 21 Bitcoin. The eccentric president also pointed out that El Salvador's size is 21,000 km2. Coincidence? I don’t…

China's official news agency plans to release its digital collectibles, despite the country's sweeping crackdown on crypto. The Xinhua News Agency, the official state-run press agency for the People's Republic of China, will issue digital art. The collectibles will mostly feature news photo reports from 2021 and use NFT tech. The Chinese state agency is joining other publications that dropped NFTs. For example, the New York Times sold an NFT of a column about NFTs for $560,000. However, the agency…

Texas continues to establish itself as the world’s new premier Bitcoin mining hub. The City of Albine recently announced a partnership with Lancium – a Houston-based energy infrastructure company – to build a $2.4B data centre. The centre will also host Bitcoin mining, among “other energy-intensive applications”. More Mining in Texas As reported by KTXS12 News, the data centre is to be the largest Albine city project to date. The project – titled “Project Artemis” – will begin at 200…

Jack Dorsey, the CEO of Block, thinks Bitcoin will replace the dollar. The tech entrepreneur, and the founder and former CEO of Twitter, replied to the question by the rapper Cardi B. The rapper and songwriter asked if crypto would replace the U.S. dollar. Dorsey, a known Bitcoin maximalist, said that it will. Specifically, he believes the crypto that will replace the dollar will be Bitcoin. https://twitter.com/jack/status/1473089482576564225 The reply prompted some 800 comments and got 13k likes. Other crypto enthusiasts…

The cryptocurrency market has attracted different profiles of investors over the years. From experienced traders to people who had never invested before, the enthusiasm for the sector continues to grow. Investors more inclined to risk generally love the high average volatility of cryptocurrencies. If we exclude the stablecoins phenomenon, we know that the weekly price change in the market can be increased. It is good to keep in mind that volatility is a double-edged sword. When the market goes up,…