Monthly Archives: March 2021

Mark Cuban sees $1 written in DOGE’s tea leaves

“If we sell another 6,556,000,000 DOGE worth of Mavs merch, Dogecoin will definitely hit $1,” said the Dallas Mavericks owner. After only three days accepting Dogecoin (DOGE) as a form of payment, Dallas Mavericks owner Mark Cuban is predicting the price of the token will eventually hit $1.  In a Saturday tweet, Cuban said customers had used more than 20,000 Dogecoin — roughly $1,018 at the time of publication — in transactions for the Dallas Mavericks, claiming the franchise was now “the largest Dogecoin merchant in the world.” […]

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Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. Saving 0.01 Bitcoin (BTC) might cost only $500 today but according to the current global wealth distribution and the digital asset’s limited supply, 0.01 BTC just might be enough to make one a millionaire in the future. According to Credit Suisse’s “Global Wealth Report 2020“, […]

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Satoshi’s 21 Million Mystery: One-Millionth of the Bitcoin Supply Cap Is Now Worth $1 Million

On Sunday, March 7, 2021, the price per bitcoin jumped over the $50k handle once again, as the digital asset’s overall market capitalization is around $925 billion. One thing is for certain, there will never be more than 21 million bitcoin and today there’s roughly 18,647,525 bitcoin in circulation. Interestingly, anyone who owns 21 bitcoin or one-millionth of the entire supply is currently a millionaire today. The ’21 Million Bitcoin Club’ Back in 2017, finance publications reported on a number of crypto proponents “gunning” for exclusive membership […]

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Top 5 cryptocurrencies to watch this week: BTC, UNI, THETA, VET, LUNA

A bullish technical pattern signals that Bitcoin may be gearing up to retest its all-time high and this positive development is pushing UNI, THETA, VET and LUNA higher. Bitcoin’s (BTC) fundamentals received a boost as the U.S. Senate passed the $1.9 trillion stimulus bill on March 7. If traders react to this bill in the same way as they had done to the first stimulus package in April 2020, then the crypto markets may witness a strong rally. The stimulus package also intensifies the focus on the […]

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Celsius Network valued at $3.1B following independent review

Celsius is expected to grow its assets under management by 25% annually through 2025, according to Alpha Sigma Capital. Using 2020 financials obtained from Celsius, Alpha Sigma Capital has determined that the crypto company has an implied value of $3.13 billion, which is approximately three times greater than its current market capitalization of $1.1 billion. It appears that “Celsius is currently undervalued,” Alpha Sigma Capital said in its analysis, referring to the $126.14 million in revenue the company generated last year. Based on current year-to-date growth, Celsius […]

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HODLing early leads to relationship troubles? Redditors share their stories

One user referred to her husband as “brainwashed” over Bitcoin, saying he was ruining her job by bringing up crypto at her marketing events. Crypto investments have reportedly been a source of strife in relationships, sometimes leading to breakups and even divorce.  According to a Reddit post from February 2015, a then 28-year-old woman using a throwaway account claimed that she was incredibly upset at her husband, who had not stopped purchasing Bitcoin (BTC) since 2013 without consulting her. She estimated that he had bought more than […]

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US House Representative Ro Khanna Lauds BTC Which ‘Cannot Be Devalued’- Calls for Less Carbon Intensive Mining

After Elizabeth Warren, the U.S. Senator for Massachusetts called bitcoin a speculative asset, Ro Khanna, the U.S. House Representative for California has spoken in favor of the crypto asset. In his Twitter statement, Khanna says “bitcoin just like digital gold cannot be devalued.” Khanna also lauds the crypto asset’s decentralization, an attribute which he says “promotes transnational exchange whilst providing a check against economic mismanagement.” Awareness of the Concerns In her recent comments about the crypto asset, Warren said she agreed with the U.S. Treasury Secretary, Janet […]

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Bitcoin Corporate Balance Sheet Watch Monthly Update: February

Throughout February, corporations announced massive bitcoin buys in a series of increasingly bullish speculative attacks on the dollar. What started out as a slow trickle of institutional investment pouring into the bitcoin market is developing into a steady stream that will, in time, turn into an all out flood. Let the game theory commence! Prior to 2020, institutional and corporate interest in bitcoin was rather inconsequential. Though it started as a grassroots phenomenon, led mostly by “retail” for the first 11 years of its history, the rubicon […]

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Searching deep: The quest for Bitcoin scalability through layer two protocols

The quest for a workable Bitcoin scalability solution is still ongoing with developmental efforts in protocols like the Lightning Network and Statechains. As the largest cryptocurrency by market capitalization, Bitcoin’s (BTC) effectiveness as a medium of exchange is still a matter for debate. Unlike fiat money that is inherently infinite in supply and must be managed by a central bank, Bitcoin is akin to gold in that it is commodity money with a finite supply of 21 million. However, the supply cap is not the major stumbling […]

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Bitcoin price hits $51K as U.S. Senate passes $1.9 trillion stimulus

Bitcoin reaches $51,000 as the U.S. Senate greenlights $1,400 “stimmy” checks for Americans. The price of Bitcoin (BTC) reached over $51,000 on March 7 after the U.S. Senate passed the anticipated $1.9 trillion stimulus bill, which is roughly two times larger than the market capitalization of BTC. United States’ President Joe Biden said that the Senate’s approval shows major progress in delivering a “desperately needed” stimulus bill to Americans. He said: “Today I can say we’ve taken one more giant step forward in delivering on that promise, […]

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