Bloomberg: Gold and stocks outperformed Bitcoin this quarter
Stocks and gold have also outperformed Bitcoin this quarter; JPMorgan strategists warn of the risk of slowing cryptocurrency inflows.
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Stocks and gold have also outperformed Bitcoin this quarter; JPMorgan strategists warn of the risk of slowing cryptocurrency inflows.
Bitcoin gained about $1,000 in the second half of the day, seemingly helped by comments from Federal Reserve Chairman Jerome Powell.
Hal Finney, the cryptographer who first came into contact with Satoshi Nakamoto and participated in BTC, estimated as early as 2009 that BTC might eventually reach $10 million.
Tesla holds steady with 9,720 Bitcoin in Q4 2023, marking six consecutive quarters without transactions. Despite stock declines, positive vehicle sales news. Tesla's Bitcoin journey underscores commitment amid market fluctuations.
Hong Kong's VSFG aims to launch a spot Bitcoin ETF in Q1 2024, reflecting a global trend. The move follows the US push for Bitcoin ETFs. VSFG, eyeing $500 million AUM, is in the regulatory application process. The industry anticipates further developments amid increasing interest in crypto-based ETFs.
Grayscale leads in the race for U.S. spot Bitcoin ETF, signaling a potential shift in institutional Bitcoin investment.
El Salvador's Bitcoin bonds, aptly named "Volcano bonds," have received regulatory approval from the Digital Assets Commission. Anticipated for release in the first quarter of 2024 on Bitfinex Securities, the bonds are part of President Nayib Bukele's vision to raise funds for a sustainable bitcoin mining industry, capitalizing on the country's renewable energy, particularly from its active volcanoes.
Elon Musk's electric car maker has sold off most of its BTC reserves, according to a financial report released Wednesday.
“This quarter, we saw significant improvements in the energy efficiency and sustainability of Bitcoin mining, a trend that will continue,” said MicroStrategy founder and CEO Michael Saylor.