Financial Industry News
It is frustrating. But at the same time, interesting. Over the past couple of weeks, I’ve heard two well-respected investment managers say that they don’t believe in bitcoin’s supply limit. If it’s easy to spin up another Bitcoin, they claim, then there is really no limit. Most of you reading this will be rolling your […]
Continue ReadingWhen demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow. Our main discussion: a narrative shift, growing attention and a bitcoin shortage. What happens when demand exceeds supply and supply is being gobbled up aggressively by new market actors? That’s the question posed by […]
Continue ReadingPayPal’s recent leap into the crypto market is helping to drive the current bitcoin (BTC) rally, according to Pantera, a prominent cryptocurrency and blockchain investment firm. In an investor letter published Nov. 20, the venture firm compared the ongoing bull market to the last time BTC rose above $18,000, three years ago. “Previously the friction to […]
Continue ReadingBitcoin’s price surge may be driven as much by a drying up in supply as by an increase in demand. That’s because Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges. “The lack of supply has fed extremely […]
Continue ReadingDespite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move. The price drop, however, has not deterred miners from running down their inventory. […]
Continue ReadingMcAfee’s latest call for a $2 million bitcoin by the end of 2020 may seem a bit far-fetched but hear him out. Despite even the most optimistic models falling short of that value, here are five reasons why his prediction may not be so crazy. $2 Million Bitcoin by End of 2020 During an interview […]
Continue ReadingIn a matter of hours, the 18 millionth bitcoin will have been mined and the world’s first cryptocurrency will draw one step closer to its hard-coded cap of 21 million coins. “The pie is shrinking. This [milestone] gives people some simple math to raise awareness about where we’re at in the [bitcoin mining] process,” said […]
Continue ReadingThe Bitcoin (BTC) maximum supply is capped at 21 million coins, of which more than 18 million are already mined. But the actual supply of coins within the economy may be higher, due to various forms of fractional reserves practices. How far will bitcoin’s supply expand over its 21M limit in M0+ forms (M1, M2, […]
Continue ReadingSo you wanna be a Bitcoin whale? The amount of BTC you need to influence the markets in the future could be drastically smaller than today. A Bitcoin Whale Moves $1Bn (94,504 BTC) 10 days ago, a Bitcoin whale (yes, the mother of all Bitcoin whales) moved $1 billion of BTC in just one transaction. […]
Continue ReadingBitcoin does not have a wealth distribution problem after all, another expert has said as the debate continues to mushroom within the industry. BTC Ownership ‘Seems Balanced’ In a tweet August 15, Gabor Gurbacs, digital asset strategist and director at investment management giant VanEck, took claims the Bitcoin supply was centralized to task. Comments had […]
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