Bitcoin Surges Back to $100,000 as Positive CPI Data Sparks Rally
Bitcoin returned to the six-figure milestone on Dec. 11, following a boost from encouraging U.S. macroeconomic data that ignited a market resurgence. Traders Set Higher Targets as Bitcoin Hits $100K According to data from TradingView, BTC/USD surged nearly 4% during the day. Despite a rocky start after the daily close, Bitcoin managed to reclaim the […]
MicroStrategy Poised to Enter Nasdaq 100, Says Bloomberg Intelligence
MicroStrategy (MSTR) is anticipated to secure a spot in the Nasdaq 100 index on December 23, with an official announcement expected this week, according to Bloomberg Intelligence analyst Eric Balchunas in a post shared on the X platform. This inclusion would position MicroStrategy—a software company turned Bitcoin-focused investment powerhouse—among the top 100 largest companies listed […]
Ray Dalio Warns of Global Debt Crisis, Backs Bitcoin and Gold
Billionaire investor Ray Dalio has voiced serious concerns about an impending global financial crisis tied to unsustainable levels of debt, urging a pivot toward hard assets like Bitcoin and gold. Speaking at a financial conference in Abu Dhabi, Dalio, founder of the prominent hedge fund Bridgewater Associates, warned of a “pending debt money problem” and […]
Eric Trump Forecasts Bitcoin to Reach $1 Million, Highlights Its Limited Supply
Eric Trump, businessman and executive vice president of the Trump Organization, made a bold prediction at the Bitcoin MENA event in Abu Dhabi on Dec. 10, stating that Bitcoin could one day reach a value of $1 million per coin. During his keynote address, Trump described Bitcoin as a groundbreaking “financial paradigm” and a transformative […]
Microsoft shareholders vote ‘no’ on Bitcoin reserve
During its annual meeting on Dec. 10, Microsoft shareholders voted down a proposal to allocate a portion of the company’s balance sheet to Bitcoin. The resolution was introduced by the National Center for Public Policy Research (NCPPR), a Washington, D.C.-based pro-market think tank, which framed the move as a way to enhance shareholder value through […]
Changpeng Zhao Predicts China’s Inevitable Move to Establish a Bitcoin Reserve
Former Binance CEO Changpeng “CZ” Zhao suggested that China might eventually establish a strategic Bitcoin reserve, potentially following the lead of the incoming United States presidential administration. Speaking at the Bitcoin MENA conference in Abu Dhabi on Dec. 9, Zhao predicted that smaller countries would likely adopt Bitcoin reserves first, but emphasized that China’s approach […]
El Salvador Proposes Bitcoin Policy Reforms to Unlock $1.3B IMF Loan
El Salvador, renowned as the first nation to adopt Bitcoin as legal tender, appears to be re-evaluating its stance on cryptocurrency under mounting pressure from the International Monetary Fund (IMF). The country is reportedly in discussions to secure a $1.3 billion loan from the IMF by agreeing to amend its Bitcoin Law. According to sources […]
National Center for Public Policy Research Suggests BTC Treasury Strategy for Amazon
The National Center for Public Policy Research, a free-market think tank based in Washington, D.C., has submitted a proposal to Amazon urging the company to consider incorporating Bitcoin into its corporate treasury. This suggestion is slated for discussion during Amazon’s shareholder meeting in April 2025. In the proposal, the think tank criticized the Consumer Price […]
El Salvador’s Bitcoin Profits Exceed $300M — President
Salvadoran President Nayib Bukele recently took to social media to highlight the country’s substantial unrealized profits from its Bitcoin holdings after the cryptocurrency hit an unprecedented milestone of $100,000. On December 5, Bitcoin broke past the $100,000 mark for the first time, setting off celebrations across the global crypto community. That day, a popular crypto-focused […]
Bitcoin Surge Predicted to Persist Through 2025 — Analyst
Bitcoin has achieved a significant milestone, surpassing the $100,000 mark for the first time on Dec. 6, marking a historic moment in the cryptocurrency’s journey. This remarkable rise comes despite lackluster performance across traditional markets. Over the past month, Bitcoin’s value climbed by 32%, contrasting sharply with declines in other key assets such as oil, […]