Bitcoin has a hard cap of 21 million coins, which is built into its code. Theoretically, this limit could be changed through a hard fork, but it is highly unlikely due to strong community opposition and the loss of trust it would cause.
Peter Schiff, a known Bitcoin critic, suggests selling Bitcoin for silver, arguing silver has greater upside potential. The suggestion comes as Bitcoin hits new highs, with many remaining optimistic about its continued momentum.
Peter Schiff, a well-known Bitcoin critic, advises investors to sell their Bitcoin holdings and buy silver as Bitcoin hits new highs. He argues that silver is a more stable and undervalued alternative.
Bitcoin reached a new all-time high, surpassing $112,000, as traders were forced to liquidate their short positions. This surge marks a significant moment for the cryptocurrency, highlighting its growing momentum in the market.
Elon Musk confirmed his newly formed ‘America Party’ will embrace Bitcoin, stating that fiat currencies are “hopeless”. This move marks a significant shift towards integrating cryptocurrencies into politics.
Bakkt Holdings has filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission. This move could allow the company to raise capital for various purposes, including potential Bitcoin purchases.
An Indian politician has called for a Bitcoin reserve pilot program as the US shows increasing acceptance of BTC. The proposal aims to assess the feasibility and benefits of incorporating Bitcoin into government reserves.
The USD is at a 3-year low as Bitcoin rebounds to over $107,000. Investors are increasingly turning to cryptocurrencies, challenging the dominance of traditional currencies.
Michael Saylor predicts Bitcoin will reach $21 million by 2046, emphasizing the cryptocurrency's long-term value as a safe haven and store of value. The prediction is based on increasing institutional adoption and Bitcoin's scarcity.
The Texas governor has signed a bill allowing the state to add Bitcoin to its official reserves. This move marks a significant step towards the adoption of cryptocurrencies at the state level and reinforces Texas's position as a hub for innovation in the digital asset space.
Bitcoin’s BTC rise to new all-time highs is happening on a backdrop of deep economic strain, according to a new report from Cathie Wood-led ARK Invest. Bitcoin's 11.1% climb in May, outpaced gold and broke through key resistance levels, said ARK. Gains also coincided with clear signs of stress in the housing and auto sectors, traditionally seen as pillars of U.S. consumer strength.
Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy), reaffirmed his bullish stance on Bitcoin in a recent CNBC interview, predicting the cryptocurrency could reach $13 million per coin by 2045. This forecast is based on a 29% compound annual growth rate (CAGR). Saylor attributed his optimism to growing institutional adoption, regulatory clarity, and Bitcoin's limited supply. He noted that over 100 public companies now hold Bitcoin on their balance sheets and that the daily mined supply is being fully absorbed by institutional buyers. Despite the initial 29% CAGR forecast, Saylor stated he is 'getting more bullish' and is now comfortable forecasting an average of 30% annual returns for the next 20 years.
