Economist Peter Schiff Criticizes Bitcoin, Predicting Its Value Will Fall to Zero

Renowned economist and noted Bitcoin skeptic, Peter Schiff, has once again voiced his criticism of the world's first cryptocurrency, predicting that its value will eventually plummet to zero. In a recent tweet, Schiff stated that "Bitcoin will still tend to zero. It's just going to be a long way ...

Number of irretrievably lost bitcoins reaches 6 million coins

As per an analyst from Cane Island Alternative Advisors, it has been estimated that the number of bitcoins which are irretrievably lost has now reached up to 6 million coins. Timothy Peterson, the analyst, has pointed out that out of the 19.3 million bitcoins mined by March 25, 2023, only 13.3 mi ...

CEO of Van Eck Associates Predicts Lateral Movement in 2023 with Possible Bull Cycles for Bitcoin and Gold

During an episode of Closing Bell: Overtime on CNBC, the CEO of Van Eck Associates expressed his belief that the current uncertainty in the banking system is temporary and that both bitcoin and gold could be at the beginning of a new bull cycle that could last for several years. However, Jan Van ...

Crypto Analyst Predicts Bullish Cycle for Bitcoin

The individual who predicted the bottom of BTC in 2022, known as DonAlt, is optimistic about the beginning of a new bull cycle for the first cryptocurrency. DonAlt shared his views on social media, claiming that many traders are excessively doubtful about bitcoin's potential, even after the digit ...

American Venture Capitalist Urges Diversification into Crypto Amid Bank Collapse Fears

As the government continues to print money and raise interest rates, American venture capitalist Tim Draper is urging entrepreneurs to diversify their assets in preparation for the possible collapse of new banks. In response to the recent collapse of Silicon Valley Bank (SVB), Draper is recommend ...

Why the US Banking Crisis is Driving Investors towards Bitcoin

Nigel Green, the CEO of deVere Group, has observed a shift in investor behavior due to the softened policy of the US Federal Reserve. According to him, investors are turning towards cryptocurrencies, especially bitcoin, to safeguard their savings. In a recent blog post, Green mentioned that the U ...

Deutsche Wertpapier Service Bank Launches Bitcoin Trading Platform for 1,200 German Banks

Deutsche Wertpapier Service Bank AG (dwpbank), a major player in securities processing in Germany with 5.3 million customer accounts, has launched wpNex, a platform for trading Bitcoin. The platform will be available for use by 1,200 German banks, which will need to integrate it into their online ...

Cryptocurrency Market Update: Fed Decision Impacts Bitcoin and Altcoins

Over the past week, the crypto community was captivated by the speech of the US Federal Reserve System's leadership. The decision made by the financial regulator has left an impact on the crypto industry, and its ramifications are worth examining in detail. Bi ...

Tether’s CTO Believes Bitcoin Could Beat Its Previous Record Amid Banking Crisis and Economic Uncertainty

According to Tether's CTO, amidst the current banking crisis and global economic uncertainty, Bitcoin's exchange rate may exceed its previous record of $68,000. Speaking at a conference in Paris, Paolo Ardoino noted that many traditional investors are now afraid of large banks collapsing. He a ...

Greenpeace’s “Satoshi Skull” Raises Awareness of Environmental Impact of Bitcoin

Greenpeace's campaign to highlight the environmental risks associated with Bitcoin mining has taken an unexpected turn as supporters of the cryptocurrency have embraced the organization's artwork as a new symbol. The "Satoshi Skull" installation, created by Benjamin Von Wong and Greenpeace as par ...