BTC

Earlier this week, the CEO of Tesla said his company would no longer accept payment for cars in Bitcoin, which led to its price crashing and took down other cryptos with it. A day after, Square also revealed it did not intend to purchase more Bitcoin from its corporate treasuries after losing 20 million dollars on its $220 million investment last quarter in the cryptocurrency. Mr. Musk said the environmental issues of cryptocurrency were too strong, but he did not…

In the hope of profiting from Biden's move toward a new zero-emissions goal, Tesla Inc. (TSLA.O) seeks to enter a multimillion-dollar US renewable credit market. Elon Musk also announced that Tesla had suspended car shopping using Bitcoin to raise concerns concerning cryptocurrency's climate effect. The electric car manufacturer is one of around eight companies with a pending application for power generation and renewable credits in the EPA. The Environmental Protection Agency generates a list with some information, but not names…

Entering a Bitcoin trade at an opportune moment can be a hassle. But exiting a trade can be far more challenging, especially if you lack a solid exit strategy. Not knowing when to exit a market can result in making premature profits or becoming an unwilling Bitcoin holder. If you're thinking of taking some of your Bitcoin profits and reinvesting it in other sectors or paying some bills, you need to develop an effective exit strategy. Here, we look at…

It has become evident to many in the market that HODLing is a smart strategy. It's easy to see why you wouldn't want to relinquish ownership of these valuable coins. Nobody knows the top-end value of Bitcoin, but as more major financial institutions warm up to the concept, there will be a growing demand for the coin moving forward. While HODLing Bitcoin is profitable, it's not the only way to retain ownership of your coins and still make a healthy…

Microsoft Chairman Bill Gates has hinted that he has little interest in Bitcoin despite its recent rise in value. This comes after Microsoft revealed that it has no plans to add bitcoin to its portfolio.   Bill Gates Neutral on Bitcoin (BTC)  During an interview today on American news outlet CNBC, Bill Gates made his opinion when asked about his view on how the enormous energy generated by bitcoin miners affects the environment.  Gates replied that he does not own bitcoins…

Christine Lagarde, President of the European Central Bank (ECB), has given her opinion on bitcoin (BTC). Lagarde believes that Bitcoin is a speculative asset and not worth the current hype surrounding its use. Volatile And Speculative Asset  Lagarde expressed her views on Sunday, February 7, on local french station BFM TV where she spoke on different financial topics. The ECB chief revealed that she considers bitcoin a superficial but highly speculative asset that robs investors. She further added that the leading coin…

Bitcoin has spent nearly two full years raising between $ 3,000 and $ 10,000, but after breaking through that range, the cryptocurrency has quadrupled in just a few months. Bitcoin price has been consolidating for several weeks, but no further continuation or adjustment has been in the making yet. In recent days the bulls have started to regain their momentum, but they still face obstacles to overcome before they could begin any major uptrend. Bitcoin Price Above 40k BTC gained…

The cryptocurrency space continues to grow to a diverse ecosystem with over 2000 cryptocurrencies and a world of financial possibilities. Blockchain technology provides the supporting infrastructure, and with its astounding features, the industry will be in for greater developments. Of all cryptocurrency-based services and functionalities, a significant proportion of users are taking an interest in crypto trading. According to statistics on bitcoin trading volumes, the coin has hit an all-time high in January 2021 after surpassing $11 billion. It’s a…

Bitcoin price dominated the headlines in the early weeks of January, surging by more than 150% in three weeks. Although the bullish run has subsided in recent weeks, Guggenheim CIO Scott Minerd believes that bitcoin could hit $600,000 in the future. Bitcoin True Value Is $600,000 Scott Minerd shared his opinion in an interview with American news outlet CNN on Tuesday. Minerd spoke about a diverse set of topics, including the recent Gamestop shares saga that has dominated the financial…