I saw that yes. I mean it would be cool if I could upload an image and get my own personalized Satochip Hardware Wallet (as long as the image is legal, of course)

Edit:

I was confused about your product descriptions at first.

Satochip is the spending card
Satodime is the (cold storage) hodl card
Satokeeper is the seed phrase store

Microstrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale

On Tuesday, the business intelligence firm Microstrategy announced it completed a $603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company acquired 9,245 bitcoin for $623 million using the proceeds and excess cash.

Microstrategy Now Holds 214,246 Bitcoin

After Microstrategy announced its convertible note sale, the company completed the offering and used the funds to purchase more bitcoin (BTC). “The aggregate principal amount of the notes sold in the offering was $603.75 million, which includes $78.75 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued,” the firm disclosed on Tuesday.

Then immediately after the convertible note announcement, the firm’s founder, Michael Saylor announced that his firm acquired more bitcoin. “Microstrategy has acquired an additional 9,245 BTC for ~$623.0M using proceeds from convertible notes & excess cash for ~$67,382 per bitcoin,” Saylor explained on the social media platform X. “As of 3/18/24, [Microstrategy] hodls 214,246 [bitcoin] acquired for ~$7.53B at average price of $35,160 per bitcoin.”

Microstrategy has been purchasing bitcoin for its balance sheet since 2020 and it is the largest public company in terms of BTC reserves held. Blackrock’s spot bitcoin exchange-traded fund (ETF), IBIT, recently surpassed Microstrategy’s holdings as the ETF now holds 237,339.13 BTC at the time of writing.

Source: https://news.bitcoin.com/microstrategy-expands-bitcoin-holdings-acquires-9245-btc-after-successful-convertible-note-sale/

Bitcoin Falls to Sub-$63K as Market Awaits Federal Reserve's Next Move

On Tuesday, the value of bitcoin fell to a low of $62,355, experiencing a decline of over 7% against the U.S. dollar in the last 24 hours and a decrease of 12.4% in the past week. This downturn led to the liquidation of a substantial number of bitcoin long positions, with more than $180 million being liquidated since yesterday.

Bitcoin Slides More Than 7% in 24 Hours; $180 Million in Long Positions Liquidated

After hitting its peak at $73,794, bitcoin (BTC) has declined by 14% to stand at $63,000 as of 7:00 a.m. Eastern Time (ET) on Tuesday. Over the previous 24 hours, BTC saw a decrease of 7%, reaching a high of $68,526 and dipping to a low of $62,355 by 7:27 a.m. (ET). Currently, bitcoin’s market cap is at $1.23 trillion, with the cryptocurrency seeing $66.22 billion in trading volume over the last day.

Bitcoin Falls to Sub-$63K as Market Awaits Federal Reserve's Next Move

The top trading pairs for BTC include FDUSD, USDT, USD, and USDC, with the South Korean won emerging as the fifth largest pairing on Tuesday. The won accounts for 1.92% of all bitcoin exchanges, while the USD makes up 12.94%. Although the global weighted average hovers just over $63,000, in South Korea, BTC’s price remains high at $70,490 per unit. The fall in BTC’s value has also impacted the broader cryptocurrency market, which saw an overall decrease of 8.19% since yesterday.

“Although the pullback is large in dollar terms, it is perfectly normal to see drawdowns of this percentage,” Etoro’s market analyst Simon Peters told Bitcoin.com News on Tuesday. “Historically we have seen drawdowns or pullbacks as high as 30% during bitcoin bull markets. The question now is whether the price has pulled back far enough for investors to buy the dip, or whether the price action could extend its decline.”

Peters continued:


Besides the eagerly awaited Federal Reserve meeting on Wednesday, the Bank of Japan (BOJ) is also concluding its negative interest rate policy, a stance held since 2016. The BOJ is setting a new short-term rate target in the 0-0.1% bracket and applying a 0.1% interest to reserves, alongside moving away from its bond yield control strategy. The impact of these macroeconomic developments on bitcoin and the broader crypto market is yet to unfold. Interestingly, QCP Capital reports that “For the first time in awhile the overnight [bitcoin] spot [exchange-traded funds] (ETFs) saw outflows of -$154.3 [million].”

Source: https://news.bitcoin.com/bitcoin-falls-to-sub-63k-as-market-awaits-federal-reserves-next-move/

Over 93% of Bitcoin Mined Ahead of Fourth Halving, Signaling New Era of Scarcity

As of the current moment, 93.6% of bitcoin’s total supply has already been mined, leaving only 1.34 million bitcoins remaining to be extracted. After the upcoming halving event, the issuance rate of the leading digital currency will decelerate, significantly reducing its availability more than ever before. Additionally, post the 2028 halving, miners will receive 1.5625 bitcoin per block as rewards, marking the final occasion that a whole bitcoin will be part of the reward subsidy following the 2032 halving.

Only 1.34 Million Bitcoins Left to Mine

This year marks a significant milestone for bitcoin (BTC), as its availability is set to decrease with the reward for mining a block dropping from 6.25 BTC to 3.125 BTC. This adjustment represents a drastic reduction from the 50 BTC per block miners could earn from 2009 to 2012. By April 22, 2010, a quarter of bitcoin’s maximum 21 million supply had been mined. Fast forward to Dec. 14, 2011, and miners had extracted around half of all the BTC. The three-quarters mark was reached on July 29, 2015. By Dec. 13, 2021, the mining process had released 90% of the total bitcoins into circulation.
Over 93% of Bitcoin Mined Ahead of Fourth Halving Epoch, Signaling New Era of Scarcity
On or around April 20, 2024, the Bitcoin network will undergo its fourth halving epoch which will reduce rewards from 6.25 BTC to 3.125 BTC.

Currently, 93.6% of bitcoin’s total supply has been issued, leaving only 1.34 million BTC yet to be mined. The existing supply of BTC stands at 19,656,761.74 BTC, with a significant portion held by various entities such as public and private companies, governments, exchange-traded products and funds, as well as within decentralized finance (defi) and smart contracts. According to bitcointreasuries.net, these groups collectively possess 2,494,501 BTC. Additionally, cryptoquant.com reports that slightly over 2 million BTC are stored on exchange platforms, amounting to approximately 2,003,753.08 BTC.

These holdings, however, are partially owned by customers using these exchanges and their custodial services. Bitcoins that have not moved from their wallets for an extended period, often years, are referred to as “zombie bitcoins.” These may include coins that are lost but cannot be definitively declared as such. Coin Metrics, in a 2019 study, estimated there are about 1.4 million zombie bitcoins, while a 2020 estimate by blockchaincenter.net puts the figure at around 1.7 million.

Current figures reveal that entities like public or private corporations, governments, and ETFs hold 11.88% of bitcoin’s total supply. About 9.54% is kept on centralized crypto exchanges, and 8.09% consists of zombie bitcoins, excluding Satoshi Nakamoto’s share, which represents 4.76% of the 21 million cap. With 6.39% of Bitcoin still to be mined, it suggests that 40.66% of the supply is beyond the reach of the average person. Assuming customers control 60% of the BTC on exchanges, this reduces the accessible supply to 34.94%.

The halving event in 2028 will reduce mining rewards to 1.5625 BTC per block. By Feb. 20, 2035, we expect 99% of Bitcoin’s 21 million supply cap to be mined, totaling approximately 20,790,000 BTC in circulation. At that point, miners will receive 0.78125 BTC per block, and in 2036, the reward will further decrease to 0.390625 BTC at the seventh halving. As the horizon of bitcoin’s next mining epoch approaches, the cryptocurrency’s evolving landscape underlines a foundation in scarcity, altering the fabric of today’s contrasting fiat model.

Source: https://news.bitcoin.com/over-93-of-bitcoin-mined-ahead-of-fourth-halving-signaling-new-era-of-scarcity/

Bitcoin Technical Analysis: Sharp Downturns as Bearish Trends Dominate Price Movements

Bitcoin witnessed a notable intraday swing from $65,569 to $73,794, reflecting a volatile market environment. Despite this turbulence, its market capitalization still holds strong at just over $1.3 trillion, supported by a substantial 24-hour trading volume of $89 billion.

Bitcoin

The analysis of bitcoin’s (BTC) oscillators and moving averages (MAs) presents a mixed signal for BTC’s immediate direction. Oscillators such as the relative strength index (59) and the Stochastic (78) indicate a neutral stance, suggesting a period of consolidation. However, the momentum indicator points to a bullish action, contrasted by the moving average convergence divergence (MACD) level advocating a bearish stance, illustrating the market’s current indecisiveness.


On the MA front, the predominance of buy signals across various timeframes, especially the longer-term exponential moving average (EMA 200) and simple moving average (SMA 200), signifies underlying strength and potential for upward momentum. The daily chart depicts a significant uptrend interrupted by a recent bearish drop, breaching previous support levels. This development might signal a correction phase or a potential reversal, with the recent high at $73,794 per BTC now serving as a formidable resistance level.

A closer examination of the 4-hour and hourly charts reveals a more detailed narrative of the sell-off, characterized by several bearish drops and increased volume on downward movements, indicating strong selling pressure. This granular view suggests a cautious approach, advising bitcoin traders to seek confirmation of trend reversal or stabilization before engaging. In alignment with the observed technical indicators, potential entry points should be predicated on bullish reversal patterns, particularly after touching the support level at $65,569.

Bull Verdict:

Despite the recent volatility and sell-off pressures, bitcoin’s foundational technical indicators, particularly the strong buy signals from the majority of MAs, suggest a resilient underlying strength. The market’s capacity to sustain above critical support levels, coupled with the optimistic signals from long-term MAs, paints a favorable scenario for recovery and potential upward momentum.

Bear Verdict:

On the flip side, the recent bearish slide breaking past support levels on the daily chart, combined with increased volume on down moves, signals a potential shift in market dynamics towards a bearish trend. The mixed signals from oscillators, particularly the sell action indicated by the MACD level, along with the immediate pressure observed in the 4-hourly and hourly charts, suggest that the path of least resistance may be downward.

Source: https://news.bitcoin.com/bitcoin-technical-analysis-sharp-downturns-as-bearish-trends-dominate-price-movements/

South African Regulator Set to Issue Licenses to 60 Crypto Platforms by End of March

A South African regulator has said it plans to issue licenses to 60 crypto platforms by the end of March. The Financial Sector Conduct Authority has said it is still processing the more than 300 applications it received late last year. South African regulators plan to oversee the activities of cryptocurrency entities through the Financial Advisory and Intermediary Services (FAIS) Act.

Regulator Received More Than 300 License Applications

South Africa reportedly plans to issue operating licenses to 60 cryptocurrency platforms by the end of the month. These licenses will be the first issued from the more than 300 applications that the Financial Sector Conduct Authority (FSCA) received before it closed the process on Nov. 30, 2023.

Meanwhile, Unathi Kamlana, the FSCA Commissioner, said his organization is still processing the applications. He added that more licenses are likely to be issued, but this will be done in a phased manner.

As previously reported by Bitcoin.com News, South African authorities have been warming to the idea of regulating crypto assets. The country’s declaration of crypto assets as financial products has helped to initiate a process to formalize the activities of crypto exchanges and other crypto-related businesses.

Recently, it was reported that the Intergovernmental Working Group (IFWG) plans to classify stablecoins as “a particular type of crypto asset” in its 2021 consultation paper. Additionally, the IFWG is examining the potential impact of tokenization on domestic financial markets.

Legal Recourse for Aggrieved Crypto Users
Speaking in an interview, the FSCA Commissioner suggested that South Africa has chosen to regulate the activities of crypto platforms using existing laws.

“If you wait for the Rolls-Royce kind of regulatory framework, you still have those risks anyway,” Kamlana said.

According to a report by Bloomberg, regulators in South Africa plan to oversee the activities of cryptocurrency entities through the Financial Advisory and Intermediary Services (FAIS) Act. This law will provide aggrieved South African consumers with legal recourse and protections that they have not previously had.

The same law also empowers regulators to pursue cryptocurrency entities that violate certain provisions of the FAIS Act. Kamlana added:

“As we license and supervise, we will discover that perhaps there are gaps that cannot be closed by the existing regulatory framework, the FAIS Act. And we might need to build on that as we discover what those are.”

Source: https://news.bitcoin.com/south-african-regulator-set-to-issue-licenses-to-60-crypto-platforms-by-end-of-march/

chmod 755

Ein Linux Befehl eben um Berechtigungen zu setzen - denn wer für alles offen ist kann nicht ganz Dicht sein

Analysts 'Now More Convinced' of Bitcoin Reaching $150,000 by Mid-2025

Global asset management firm Alliance Bernstein has doubled down on its bitcoin price prediction of $150K by mid-2025. “These are still early days of bitcoin’s integration into traditional asset portfolios,” the firm’s analysts described, adding that they are “now more convinced” about their $150K price forecast for bitcoin.

Bernstein’s $150K Bitcoin Prediction

Bernstein analysts Gautam Chhugani and Mahika Sapra shared their optimistic bitcoin outlook in a note published earlier this week. The analysts explained that they are “now more convinced” about a BTC price breakout post-April halving event.

While noting that “These are still early days of bitcoin’s integration into traditional asset portfolios,” they wrote:


The Bernstein analysts predicted in November last year that the price of bitcoin could rise to $150K by 2025. Their confidence in BTC achieving that price target has been reinforced by the increasing inflows into spot bitcoin exchange-traded funds (ETFs). “At this run rate, bitcoin ETFs would surpass our 2025 inflow estimates within 166 trading days for [the] rest of 2024,” the analysts detailed. “We built bitcoin institutional flows in our estimates to arrive at bitcoin price. We estimated $10 billion inflows for 2024 and another $60 billion for 2025.”

The analysts highlighted the recent decline in bitcoin miners’ stocks as possibly the “final opportunity” for investors before the halving event. They suggested that shares of mining companies could rapidly recover to align with bitcoin’s price surge. “We believe bitcoin miners are still largely retail-traded stocks and institutions have largely stayed away from bitcoin proxies, as traditional investors remain skeptical and still approach crypto with a rear-view bias,” they advised, noting:


Many people believe that the high demand for spot bitcoin ETFs will increase the price of bitcoin. Scott Melker, aka the Wold of All Streets, said last week that he sees the start of a major bull run for bitcoin and the broader crypto market. Bitwise’s CIO Matt Hougan expects an “everything season,” noting that the bitcoin bull market won’t end early. He believes that BTC could top $200K this year. Meanwhile, Galaxy Digital CEO Mike Novogratz sees “tremendous global demand for bitcoin.”

Source: https://news.bitcoin.com/analysts-now-more-convinced-of-bitcoin-reaching-150000-by-mid-2025/

He missed out on millions of potential gains. Schiff knew about Bitcoin when it was like $10/BTC or something like that


True, however, gold as a material is here to stay. Bitcoin and cryptocurrency in general are human inventions - human inventions are replaced by something new and exciting after a while. So maybe Bitcoin will never reach the maximum supply.

Bitcoin Mining Hits Record Difficulty as Countdown to 2024 Halving Begins

On Thursday, Bitcoin’s network difficulty escalated by 5.79% at block height 834,624, signaling the year’s fourth rising adjustment. The mining difficulty now stands at an unprecedented peak of 83.95 trillion, with the forthcoming adjustment anticipated around March 27, 2024.

Bitcoin Difficulty Jumps 5.79%

Mining Bitcoin has reached unprecedented levels of difficulty, peaking at 83.95 trillion on Thursday. This adjustment occurred at block height 834,624, with roughly 1,960 blocks remaining until the next recalibration. The year 2024 has witnessed four increases and two decreases in mining difficulty so far.

Concurrently, Bitcoin’s computing power has soared to new heights, registering a peak hashrate of 628 exahash per second (EH/s) on Mar. 12, 2024. Since that peak, the hashrate has slightly decreased to 624 EH/s, as reported by the seven-day simple moving average (SMA) available on hashrateindex.com.

As of this moment, less than 5,500 blocks remain before the next Bitcoin halving event, which will slash miners’ block rewards from 6.25 bitcoins per block to 3.125 bitcoins per block. Miners will face two more difficulty adjustments before the halving, expected to take place around April 19, 2024.

Source: https://news.bitcoin.com/bitcoin-mining-hits-record-difficulty-as-countdown-to-2024-halving-begins/

Microstrategy Announces $500 Million Convertible Note Sale to Boost Bitcoin Holdings

On March 13, the business intelligence company based in Virginia, Microstrategy, unveiled plans to generate $500 million by issuing convertible notes due in 2031. Echoing their previous fundraising efforts, the newly acquired funds are earmarked for bitcoin acquisitions along with covering various general corporate expenditures.

Microstrategy Continues Bitcoin Bet, Plans $500M Convertible Bond Sale

Microstrategy (Nasdaq: MSTR) is set to expand its bitcoin (BTC) holdings following its successful $800 million convertible note offering, which facilitated the purchase of an additional 12,000 BTC. On Wednesday, the company announced its intention to launch a new convertible bond offering amounting to $500 million. These convertible senior notes, due for maturity in 2031, come with an option for Microstrategy to issue an extra $75 million in aggregate principal amount of the notes.

In a repeat of its previous strategy, Microstrategy aims to utilize the newly secured $500 million primarily for BTC acquisition. The company’s announcement states, “Microstrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin and for general corporate purposes.” The prior sale enabled Microstrategy to bolster its BTC inventory by 12,000, reaching a total of 205,000 bitcoins. Given the current market rates, the $500 million investment could potentially add approximately 6,835 BTC to Microstrategy’s portfolio.

Microstrategy’s latest move, follows Coinbase’s recent initiative to generate $1 billion through convertible bonds. Both companies have witnessed a notable increase in their share prices. On Wednesday, Microstrategy’s stock climbed by 10.85%, and it has seen an increase of over 37% in the last five days. Looking at the broader picture, MSTR has risen by 409% against the U.S. dollar over the past six months and 638% over the last year.

Source: https://news.bitcoin.com/microstrategy-announces-500-million-convertible-note-sale-to-boost-bitcoin-holdings/

It's a nice chip card.

Do you have custom designs as well?

Peter Schiff Downplays Importance of Bitcoin Halving — Discusses 'What Matters Most' for BTC Price

Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners create.”

Peter Schiff on Bitcoin Halving

Economist and gold bug Peter Schiff has shared his perspective on the upcoming bitcoin halving and what he believes to be the most important factor driving the price of bitcoin.

“The supply of bitcoin will not be cut in half by the halving,” Schiff stressed on social media platform X Tuesday. “Over ninety percent of the bitcoin supply already exists,” he added, elaborating:


Numerous individuals responded to Schiff’s post, with many telling him that the total supply of bitcoin is fixed at 21 million coins. One wrote: “Supply is supply. Whatever is circulating or not circulating. There will only ever be 21 million.” Another explained: “The selling supply from miners is only newly minted supply, which is a fraction of the daily amount of bitcoin available for sale. Not that it won’t affect price at all, but not as big as insinuated. Daily trading vol of ~400,000 BTC of which 900 mint.”

Some people responded to Schiff by highlighting why bitcoin is a better store of value than gold. “Peter Schiff is right: the supply of new bitcoin issued is cut in half every 210,000 blocks (~4 years). Unlike gold, you can’t just mine more BTC when the price goes up. That’s what makes bitcoin a better store of value than gold. The total supply of bitcoin is fixed at 21M,” one detailed. “Good point. The decreasing flow of new supply will likely make current holders more confident knowing their savings is being debased even less,” Joe Burnett wrote. Crypto analyst Willy Woo commented:


As the price of bitcoin rallied, exceeding its all-time high, Schiff warned about a bitcoin bubble, advocating for gold as the prudent alternative. Last month, the economist warned of a BTC pump and dump, expecting to see a massacre. Meanwhile, bitcoin’s price has been soaring, fueled by massive demand for spot bitcoin exchange-traded funds (ETFs).

Source: https://news.bitcoin.com/peter-schiff-downplays-importance-of-bitcoin-halving-discusses-what-matters-most-for-btc-price/

I also think the halving should not be a big factor for price, because it was already known in 2009 that there would be all these halvings in Bitcoin 

El Salvador Has More Bitcoin Than Public Estimates With Multiple BTC Revenue Sources, President Bukele Indicates

President Nayib Bukele of El Salvador has indicated that his country’s bitcoin holdings may exceed public estimates. He revealed that El Salvador has been generating bitcoin-related revenue from various sources in addition to the capital gains from bitcoin purchased since its legalization as a legal tender in the country.

‘El Salvador Is Bitcoin Country’

El Salvador’s President Nayib Bukele has indicated that his country has multiple revenue streams from bitcoin, in addition to the profits gained from the bitcoin reserves purchased after the country made BTC legal tender alongside the U.S. dollar in September 2021.

In a post on social media platform X on Monday, he wrote that El Salvador is earning bitcoin-related revenue from its passport program, converting BTC to USD for local businesses, mining, and government services. The Salvadoran president provided the information in response to a post from Crypto Rover stating that the country had made a profit of $83 million from its bitcoin investment strategy.

Only some of El Salvador’s BTC purchases were disclosed publicly by Bukele. In November 2022, the Salvadoran president announced that El Salvador will buy BTC every day but subsequent details have not been disclosed. As of writing, El Salvador’s bitcoin reserves are estimated to be worth more than $202 million, according to the online Nayib Bukele Portfolio Tracker. The country’s BTC portfolio has largely benefited from the surging price of bitcoin, which exceeded its previous all-time high last week. At the time of writing, BTC is trading at $71,234.

Stacy Herbert, who leads El Salvador’s National Bitcoin Office, commented: “President Bukele suggests that El Salvador has more bitcoin than is being tracked by the online ‘Nayib Bukele Portfolio Tracker.’ Multiple sources of BTC revenues are also being earned by the government, including from our wildly successful Freedom Passport program.” The X account of the National Bitcoin Office also posted:


Milena Mayorga, Ambassador of El Salvador to the United States, shared on X: “El Salvador has a modern Digital Assets Law and the Bitcoin Law. We are preparing for the economy of the future.”

Last month, Bukele said on X that El Salvador won’t sell its bitcoin, emphasizing that “at the end 1 BTC = 1 BTC.” El Salvador’s Vice President Félix Ulloa has also confirmed that bitcoin will remain legal tender under Bukele’s reelected leadership. The Bukele government plans to launch bitcoin-backed bonds, construct Bitcoin City, and issue passports to investors who contribute $1 million in BTC.

Source: https://news.bitcoin.com/el-salvador-has-more-bitcoin-than-public-estimates-with-multiple-btc-revenue-sources-president-bukele-indicates/

Crypto Industry Players in Hong Kong Call for Swift Approval of Bitcoin ETFs

Authorities in Hong Kong have been urged to approve spot bitcoin exchange-traded funds in order to cement the region’s position as the financial hub of Asia. Industry participants believe that launching this ahead of the U.S. will enhance Hong Kong’s status in the global cryptocurrency market.

Approving Spot Ethereum ETFs Ahead the U.S.

Players in Hong Kong’s cryptocurrency industry have urged authorities to expedite the approval and eventual launch of spot bitcoin exchange-traded funds (ETFs), according to a report. These industry players fear that the ongoing delay in launching the ETFs will disadvantage Asian investors, some key players in Hong Kong argue.

A local report indicates that Hong Kong’s monetary authorities began accepting applications for spot bitcoin ETFs in December 2023, but no related products have been launched to date. The report also revealed that the authorities are considering the approval of spot ethereum ETFs. Industry participants believe that launching this ahead of the U.S. will enhance Hong Kong’s status in the global cryptocurrency market.

Weng Xiaoqi, the CEO of Hashkey Exchange, commented on the impact of spot Bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC). He said that the delay in approving Bitcoin ETFs could potentially expose Asian investors to higher fees.

“The delayed launch of spot ETFs in half a year also means that It will be half a year later for U.S. capital to enter the market. At that time, it will face higher purchase costs and entry points and will have to bear the risk of being locked in by U.S. capital,” Xiaoqi reportedly said.

To expedite the launch of crypto ETFs in Hong Kong, the CEO disclosed that his exchange platform and its partners are actively advocating for this. Many in Hong Kong anticipate that the ETFs’ launch will attract significant capital to the region.

Xiaoqi argued about the potential benefits of Hong Kong launching an ethereum spot ETF first. He believes this would solidify its status as Asia’s financial hub and surpass the United States as the leader in the global encryption market.

Source: https://news.bitcoin.com/crypto-industry-players-in-hong-kong-call-for-swift-approval-of-bitcoin-etfs/

Robert Kiyosaki Warns Biggest Bubble in History Will Wipe Out Boomers — Advises Buying 'Real Assets' Like Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki has warned that the biggest bubble in history will wipe out baby boomers, emphasizing that the stock market is set to crash. “Time to get real is now,” he stressed, urging investors to buy “real assets” like gold, silver, and bitcoin “before the biggest bubble in history goes bust.”

Robert Kiyosaki’s ‘Biggest Bubble’ Warning

The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with another warning about the biggest crash in history. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

He explained that baby boomers are about to be wiped out by the biggest crash in history because of their inadequate 401(k) retirement plans. “Baby boomers bust,” he wrote on social media platform X Monday, adding:


Kiyosaki also sounded the alarm about the U.S. economy. He wrote on X Saturday: “Don’t be scared: Be prepared: U.S. debt $34 trillion. Debt [is] increasing by $1 trillion every 90 days. America is sick. Prepare now. Buy more gold, silver, bitcoin. Please take care.”

The renowned author has been a long-time advocate for gold, silver, and bitcoin. He refers to gold and silver as “God’s money,” while bitcoin is considered “people’s money.” In contrast, he views fiat currencies, including the U.S. dollar, as “fake money.” The acclaimed author has touted BTC as protection against wealth erosion caused by the Federal Reserve, the government, and Wall Street bankers. In January, he urged investors to consider bitcoin as a potential safeguard against the rising U.S. national debt. Kiyosaki’s predictions paint a bleak picture, forecasting a global economic downturn and even the potential collapse of the American empire, mirroring the fate of the Roman Empire.

Kiyosaki has joined the chorus of bullish voices on bitcoin, predicting a surge to $300,000 by year’s end. This follows his previous forecast of $100,000 by June. He recently explained that he views price dips as buying opportunities.

Source: https://news.bitcoin.com/robert-kiyosaki-warns-biggest-bubble-in-history-will-crush-boomers-advises-buying-real-assets-like-bitcoin/

Tim Draper Expects Bitcoin to Transform El Salvador Into One of the Richest Countries in the World

Tim Draper, a venture capitalist famous for his bitcoin price predictions, has praised El Salvador’s vision of embracing this new technology and talked about the benefits of this decision for its people. According to Draper, bitcoin will make El Salvador one of the richest countries in the world in the next 30 or 40 years.

Venture Capitalist Tim Draper Praises El Salvador’s Bitcoin Allegiance

Venture capitalists and financial analysts are starting to appreciate the view of those who invested in bitcoin in its early stages. Tim Draper, an investor and founder of several venture capital organizations, recently pondered over the decisions that made El Salvador warm up to adopting bitcoin as a legal tender and its repercussions for the nation’s future.

In the Web3 Deep Dive podcast, hosted by cryptocurrency reporter Rachel Wolfson, Draper stated that bitcoin is helping El Salvador to grow and become a better nation, and will determine the country’s future in the coming years.

Draper stressed:


Furthermore, Draper also stated that the bitcoin purchases by Salvadoran President Nayib Bukele will allow the country to pay off its debt to the International Monetary Fund (IMF) and “never have talk to them again.” Draper has predicted that bitcoin will reach $250,000 by this year, stressing that there will be a run on the banks in the future and people won’t want dollars anymore.

Bukele was the catalyst for the nation’s embrace of bitcoin. He and Nuevas Ideas (New Ideas), the ruling party, were the political force that spearheaded the approval of the so-called Bitcoin Law in El Salvador over two years ago. Nonetheless, the IMF has criticized El Salvador by the IMF for taking this decision, asking it to drop it due to the risks that the institution found in this policy.

Source: https://news.bitcoin.com/tim-draper-expects-bitcoin-to-transform-el-salvador-into-one-of-the-richest-countries-in-the-world/

JPMorgan CEO Jamie Dimon Says He 'Won't Personally Ever' Buy Bitcoin

The chief executive of JPMorgan Chase, Jamie Dimon, has doubled down on his anti-crypto stance, declaring that he will never personally buy bitcoin. His investment bank, however, is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Despite his personal reservations about bitcoin, Dimon acknowledged his clients’ interest and championed their freedom to invest.

Jamie Dimon Continues His Anti-Crypto Stance

JPMorgan Chase CEO Jamie Dimon reiterated his strong opposition to bitcoin and cryptocurrencies at the Australian Financial Review business summit via a livestream from New York on Tuesday.

“I don’t know what the bitcoin itself is for, but I defend your right to smoke a cigarette. I’ll defend your right to buy a bitcoin,” the executive emphasized, adding:


Dimon’s comment sparked much criticism on social media. Edward Snowden, a privacy advocate and former National Security Agency (NSA) contractor and whistleblower, opined on X: “JPMorgan CEO admits that yes of course his gigantic firm will be buying bitcoin now that it achieved fresh all-time highs while he sat on the sidelines pouting, but, he counters, ‘it doesn’t count!’ and ‘I’m not owned! I’m not owned!’ because he is not ‘personally’ buying it.”

The JPMorgan boss has long been a vocal critic of bitcoin. He has repeatedly stated that the crypto doesn’t have value even as his investment bank became a key player in Blackrock’s spot bitcoin exchange-traded fund (ETF). He has likened BTC to a pet rock and often said the actual use cases for bitcoin are sex trafficking, tax avoidance, money laundering, and terrorism financing. In a Senate hearing, he said he would shut down cryptocurrency if he were the government.

Despite his personal disapproval of bitcoin, Dimon recognizes his clients’ interest and has stated that he defends their right to choose their investments, including BTC. However, he continues to caution against such investments, advising in January: “My personal advice is: don’t get involved.”

Meanwhile, JPMorgan’s analysts have warned that the price of bitcoin would drop to $42,000 after the bitcoin halving event in April. They see the upcoming major Ethereum upgrade and the halving event as already “largely priced in.”

Source: https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-says-he-wont-personally-ever-buy-bitcoin/

Donald Trump Calls BTC 'an Additional Form of Currency' — Says 'I Sometimes Will Let People Pay Through Bitcoin'

Former U.S. President Donald Trump says bitcoin is an “additional form of currency,” emphasizing that the crypto has taken on a life of its own. He also lets people pay for his merchandise with cryptocurrencies. “There has been a lot of use of that, and I’m not sure that I’d want to take it away at this point,” Trump said.


Donald Trump Sees Bitcoin as a Form of Currency

Presidential candidate and former U.S. President Donald Trump shared his perspective on bitcoin in an interview with CNBC on Monday.

When asked how he views crypto, Trump reiterated: “Well, it’s taken [on] its own life.” He added: “I do little things sometimes for fun, and … make money with it but I have fun with it too.” He was referring to his sneaker sale.

His response prompted CNBC anchor Joe Kernen to ask: “You mean, you bought bitcoin?” The former president replied: “No, no, no, but I sometimes will let people pay through bitcoin, or will let people get involved in a new [currency].” He continued:


Trump added: “I used to say … I want one currency, I want the dollar. I don’t want people leaving the dollar and I feel that way, but I will tell you, it [bitcoin] has taken on a life.”

He proceeded to share the success of his “limited-edition sneaker” sales. “We did a thousand sneakers … and you could go through … our crazy new currencies because that’s what I call them. They’re crazy —whether it’s bitcoin or others.”

The former U.S. president added: “So many people were buying these things … The last pair sold for $450,000, people were going crazy for these sneakers … Every friend I have was calling me for a pair of sneakers. So it just took off.”

Trump noted: “And I noticed that so many of them were paid for with the new currency, it’s a new cryptocurrency, and I couldn’t believe the amount.” Bitcoin News recently reported that Trump’s crypto portfolio has seen substantial growth due to the rising value of ether (ETH) and maga (TRUMP) coins. Regarding crypto, Trump shared with the news outlet:


Nonetheless, Trump stressed: “I’m very much a traditionalist. I like staying with the dollar, you know, make the dollar the choice. I hate when countries go off the dollar.” The former U.S. president emphasized:


He warned that the U.S. dollar losing its status as the world’s reserve currency “will be a hit to our country just like losing a war and we can’t let that happen and too many countries now are fighting to get off the dollar.”

Many people on social media interpret Trump’s comments as a sign of his bullishness toward bitcoin and a suggestion that he may not take a harsh stance on crypto if he returns to the White House. Trump’s stance on bitcoin and other cryptocurrencies has evolved since his time as President, when he stated that they are “not money” and their value is “based on thin air” and highly volatile. He has also launched several non-fungible token (NFT) collections, and his crypto holdings from the sale proceeds have seen substantial gains.

Last month, Trump said: “More and more I’m seeing people wanting to pay [in] bitcoin … so I can live with it one way or the other.” Moreover, he has promised to stop the Federal Reserve from issuing a central bank digital currency (CBDC) if he is elected president, calling it “a dangerous threat to freedom.”

Source: https://news.bitcoin.com/donald-trump-calls-btc-an-additional-form-of-currency-says-i-sometimes-will-let-people-pay-through-bitcoin/

As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected Declines

Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh price milestones.

Mining Stocks Tumble on Nasdaq

Nasdaq-listed bitcoin (BTC) miners are experiencing a downturn on Thursday, despite the premier cryptocurrency achieving new highs against the U.S. dollar. BTC soared to $72,486 on Monday, Mar. 11, 2024, yet shares of most bitcoin mining companies have decreased in value following a brief recovery last week. Last week, every one of the publicly listed mining firms ended Friday with gains, but Monday unfolded a completely different scenario.

Marathon Digital Holdings (Nasdaq: MARA) saw a decline of 5.23% just before 12 p.m. Eastern Time on Mar. 11, with Cleanspark (Nasdaq: CLSK) falling 7.88%. Terawulf (Nasdaq: WULF) experienced a 7.21% drop, and Bitdeer (Nasdaq: BTDR) decreased by 8.83%. Bitfarms Limited (Nasdaq: BITF) reported a 9.81% loss before midday, and Riot Platforms (Nasdaq: RIOT) encountered a 2.63% decline.

All U.S. publicly-listed miners registered losses on the Nasdaq, amidst comments from the brokerage firm Bernstein, which indicated mining stocks as the optimal equity representative in this bullish cycle. Bernstein highlighted “every window of miner weakness as a buying opportunity.”

Source: https://news.bitcoin.com/as-bitcoin-hits-new-highs-nasdaq-listed-miners-face-unexpected-declines/