Browsing Tag
Bitcoins
14 posts
Bitcoin’s endurance suggests unlikelihood of ‘supercycle’ for commodities, says strategist
Bloomberg analyst believes Bitcoin’s rising value is bad for commodities, citing copper as an example. JPMorgan and Morgan Stanley also gave bearish outlooks for gold and copper in December. Other strategists have given bullish forecasts though, including billionaire Paul Tudor Jones who noted this week that commodities were “greatly undervalued.” Mike McGlone, a senior commodity…
Bitcoin’s Institutional Osmosis Laid Bare as Markets Fall
By Mark Hunter1 week agoTue Jan 11 2022 08:54:49 Reading Time: 2 minutesBitcoin’s relationship with the stock market was highlighted yesterday as global markets fell Fears over a Federal Reserve interest rate hike caused U.S. markets and Bitcoin to sell off There may be worse on Wednesday as inflation data is released Bitcoin’s relationship to…
Bitcoin’s Proof Of Work Is Well Worth Its Fees
Recently, in an apparent response to a largely-flawed critique of stablecoins from the Open Markets Institute, cryptocurrency exchange FTX clarified its position on transaction fees for withdrawals. Its blog post was striking in that it appeared to associate proof-of-work (PoW) blockchains with high fees (which users are partly responsible for upon withdrawal) and proof-of-stake (PoS)…
How Many Bitcoins are Left?
How many Bitcoins are left? There are currently close to 2.174 million Bitcoins left that aren’t in circulation yet. With only 21 million Bitcoins that will ever exist, this means that there are about 18.85 million Bitcoins currently available. Out of those 18.35 million, it’s estimated that 30% of those may be lost forever as…