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Bitcoin News / Bitcoinist - 1 year ago

Bitcoin Avg Profitability Index Hits 200% – Active Profit-Taking On The Horizon?

Following the Federal Reserve’s decision to cut interest rates in September, Bitcoin has been volatile yet predominantly bullish. Analysts and investors are now waiting patiently for the next leg up, as BTC recently stopped at the $69,400 mark...

Bitcoin News / Bitcoin.com - 1 year ago

Tesla Holds Bitcoin Steady After BTC Wallet Transfers Spark Speculation

Tesla has reported stable bitcoin holdings for Q3 2024, despite transferring its 11,509 BTC to new wallets. The move, which sparked speculation but did not signal a sale, suggests routine security measures. Tesla posted $25.2 billion in revenue and $...

Bitcoin News / Bitcoinist - 1 year ago

ECB’s Anti-Bitcoin Propaganda Debunked In Scathing Academic Rebuttal

As a response to the latest anti-Bitcoin paper by the European Central Bank (ECB), a new academic paper titled “Challenging Bias in the ECB’s Bitcoin Analysis” has been published. Authored by Murray A. Rudd, along with co-authors Allen Fa...

Bitcoin News / Bitcoin.com - 1 year ago

Self-Custody vs. Custodial Bitcoin: A Lesson From FDR ‘Forbidding the Hoarding of Gold’

Michael Saylor, the founder of Microstrategy, recently downplayed concerns about bitcoin confiscations, calling them a “myth.” He referenced Executive Order 6102, which compelled U.S. citizens to surrender their gold, to support...