World Gold Council CEO David Tait says bitcoin is headed for zero because the supposed hedge keeps showing up as high-beta risk when markets turn ugly. Tait made the call in a Consensus Miami interview with David Lin, posted on Youtube later that month, and has recently gone viral on social media.
Bitcoin at $63K tests World Gold Council's zero call as Wall Street trims its bullish price targets.
Michael Saylor said Strategy's STRC preferred stock gained 9% over one year while bitcoin lost 47%. The chart leaves out the company's common stock, which closed roughly 76% below its level a year earlier.
Small positive offshore funding exposes longs on a drop, while CME leveraged funds' net short creates an upside squeeze channel.
The 21 million bitcoin cap is back in the debate. Developer Peter Todd advocates for a permanent issuance to continue remunerating miners after 2140.
Bitcoin holds near $63K as traders watch $62.2K support and a breakout above $63.4K that could open the door toward $65K.
Bitcoin's historical bottom signals are emerging, but current market conditions remain different.
The state reserve is separately tied to IBIT, while the filing names neither the owning portfolio nor a reliable dollar value.
Financial firms are partnering with specialists to build infrastructure, blurring lines between traditional and decentralized finance into a unified sector.
Strategy is selling Bitcoin and building cash as its MSTR premium weakens. Can Michael Saylor's Bitcoin flywheel start spinning again?
The Coinbase Bitcoin Premium Index has extended its record-breaking negative streak to 90 consecutive days, CoinGlass data shows.
The foundation of the crypto market structure continues to firm as Q2 13F filings show banks increasing their crypto-linked ETF holdings.