Rich Dad Poor Dad Author Robert Kiyosaki Shares Why He Loves Bitcoin — Expects BTC to Hit $100K

Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves bitcoin and when he began investing in the cryptocurrency. Expecting to see $100K per bitcoin, he emphasized that the crypto does not need the Fed or government bailout because it’s “people’s money.” Why Robert Kiyosaki Loves Bitcoin The author of Rich Dad Poor [...]

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Cathie Wood’s ARK buys 74,792 more Coinbase shares | Invezz

Cathie Wood’s ARK has made a second purchase of Coinbase Global Inc (NASDAQ: COIN) shares in a week as the exchange’s stock continues to rally since the beginning of 2023. In this second purchase, ARK has added 74,792 shares of Coinbase shares to the ARK Innovation ETF. The new purchase was announced through an investor ... Read more

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MicroStrategy buys 301 BTC, what’s next for Bitcoin?

In the latest bitcoin news MicroStrategy purchased 310 Bitcoins, and crypto lending protocol Maple Finance launched a $300 million lending pool for Bitcoin mining firms.

Bitcoin (BTC/USD) is the largest cryptocurrency in terms of market capitalization, and its price movements will typically send ripples throughout the entire blockchain space.

Michael Saylor made an announcement on September 20, 2022, that Microstrategy purchased an additional 301 Bitcoins for $6 million, where the average cost per Bitcoin is $19,851.

What this means is that MicroStrategy now holds 130,000 Bitcoins, which were acquired for a total of $3.98 billion at an average price of $30,639 per bitcoin.

Furthermore, the institutional crypto lending protocol known as Maple Finance, as well as its delegate Icebreaker Finance made an announcement that they will provide up to $300 million worth of secured debt financing to the public as well as private Bitcoin mining firms.

Both of these updates indicate that the interest in Bitcoin (BTC) is far from over, which could drive demand and value for the cryptocurrency further.

On September 21, 2022, Bitcoin (BTC) had a value of $18,887.

BTC/USD Chart By TradingView.

To get a better perspective about its current price point and future growth potential, we will be going over its all-time high and performance throughout the previous month.

The all-time high of the Bitcoin (BTC) cryptocurrency was on November 10, 2021, when it reached a value of $69,044.77.

When we go over the performance of the cryptocurrency throughout the previous month, Bitcoin (BTC) had its highest point of value on August 15 at $24,887.19. Its lowest point of value, however, was on August 29 at a value of $19,616.81.

Here, we can see a decrease in value of $5,270.38 or by 21%.

However, since then, the cryptocurrency has decreased further and is worth $18,887.

With the recent updates and developments surrounding the Bitcoin (BTC) cryptocurrency and blockchain space as a whole, investors might want to buy Bitcoin as it can climb to $22,000 by the end of September 2022.

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MicroStrategy buys an additional 301 bitcoins, now holds 130,000 BTC

MicroStrategy (NASDAQ: MSTR) has added to its massive holdings with yet another haul, according to financial documents filed with US Securities and Exchange Commission (SEC) on 20 September 2022.

As far as cryptocurrency news go, this sums up a big thumbs up from one of the largest corporate holders of Bitcoin (BTC),

As per the filing and as confirmed by MicroStrategy Executive Chairman Michael Saylor, the publicly-traded business intelligence company has acquired an additional 301 BTC to bring its total holdings to approximately 130,000 bitcoins.

MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I

The company announced that the new purchases occurred between 2 August 2022 and 19 September 2022. The firm forked about $6 million for the 301 bitcoins, accounting for an average price of roughly $19,851 per bitcoin. The purchase was paid for in cash, according to the SEC filing.

As of 19 September, MicroStrategy had purchased bitcoins at an aggregate price of $3.98 billion, bringing the company’s average purchase price to around $30,639. These costs are inclusive of fees and other expenses.

Michael Saylor is one of Bitcoin’s most prominent supporters and has maintained his bullish stance for the asset class since the firm first purchased BTC in 2020. Recently, as reported by Invezz, he stepped down from the company’s CEO post in what he said was a move that would allow him to better focus on its Bitcoin strategy.

This weekend, as Bitcoin struggled with bearish pressure, he took to Twitter to highlight how the crypto asset has performed since 2020 compared to other asset classes. In his tweet, he shows that BTC has outperformed most other assets, including the S&P 500, gold and bonds.

Since @MicroStrategy adopted the #Bitcoin Standard:

MSTR +67%, BTC +65%, GOOG +39%, AAPL +34%, ORCL +25%, MSFT +18%, S&P 500 +15%, IBM +5%, NASDAQ +4%, GOLD -17%, BOND -18%, AMZN -22%, CRM -23%, SILVER -32%, META -44%, SAP -47%, NFLX -50%

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Michael Saylor’s Microstrategy buys more BTC as Bitcoin slides below 20K

Since the market meltdown started, MicroStrategy has been in silent mode. However, that has changed today after Michael Saylor, the MicroStrategy CEO, announced on Twitter that the company had acquired more Bitcoins (BTC) amid the current price drop.

MicroStrategy has purchased an additional 480 bitcoins for ~$10.0 million at an average price of ~$20,817 per #bitcoin. As of 6/28/22 @MicroStrategy holds ~129,699 bitcoins acquired for ~$3.98 billion at an average price of ~$30,664 per bitcoin. $MSTRhttps://t.co/leQYTXn817

According to the announcement, Michael Saylor said that the software intelligent firm has spent $10 million to buy 480 Bitcoins (BTC) at an average price of $20,817 per BTC.

Currently, the company has accumulated 129,699 BTC worth about $4 billion. However, following the current crypto market price drop, Microstrategy is currently calculating losses on its previous BTC acquisitions. The company had acquired the previous BTC at an average price of $30,664 per BTC.

Currently the company’s Bitcoin investment is valued at $2.6 billion, after a loss of more than $1.4 billion

Michael Saylor has dismissed claims that his company was on the verge of facing a margin call on its Silvergate loan of $205.

MicroStrategy had used the loan to buy more BTC some few months back before the rumors started making rounds due to the crypto market downturn.

The ongoing market meltdown has not deterred the CEO and his company from buying the dip. He remains optimistic about BTC, which he claims will always remain to be the best investment ever.

Besides that, the company has gone ahead to assure the community that there is nothing to worry about a margin call. MicroStrategy assured the community that there are more Bitcoins in the reserve as long as the loan-to-value does not drop below the 50% level.

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Crypto Flipsider News – LUNA Falls 100% as Supply Exceeds 6.5T Coins and Binance Delists LUNA; Bitcoin Above $30k as Dominance Hits 6-Month High; Robinhood Spikes 20%, Ark Invest Buys $3M Coinbase Shares

Learn about the newest events that are happening in the crypto space.

Continue reading Crypto Flipsider News – LUNA Falls 100% as Supply Exceeds 6.5T Coins and Binance Delists LUNA; Bitcoin Above $30k as Dominance Hits 6-Month High; Robinhood Spikes 20%, Ark Invest Buys $3M Coinbase Shares at DailyCoin.com.

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Cathie Wood’s Ark Invest Buys $3 Million Worth of Coinbase Shares as the Exchange Tanks

Cathie Wood's Ark Investment Management bought a total of 546,579 Coinbase (COIN) shares on Wednesday, May 11, after its prices tanked.

Continue reading Cathie Wood’s Ark Invest Buys $3 Million Worth of Coinbase Shares as the Exchange Tanks at DailyCoin.com.

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New York digital media company the latest to add Bitcoin to balance sheet

Whilst the purchase won’t cast a shadow on the billions worth of Bitcoin owned by other firms, the company said it could have made $1.2 million if it sold its holdings at the end of the first quarter.

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Crypto Flipsider News – Bitcoin Falls to $35k, Altcoins Extend Losses; Terra Buys Additional $1.5 Billion in BTC; Argentina Bans Lenders from Offering Crypto; Decentralized Twitter Releases First Code; Cardano’s TVL at $19 Billion

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Continue reading Crypto Flipsider News – Bitcoin Falls to $35k, Altcoins Extend Losses; Terra Buys Additional $1.5 Billion in BTC; Argentina Bans Lenders from Offering Crypto; Decentralized Twitter Releases First Code; Cardano’s TVL at $19 Billion at DailyCoin.com.

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Crypto Flipsider News – Elon Musk Buys Twitter, DOGE Jumps 35%, Stripe Test New Crypto Payment on Twitter; $1 Million BAYC Instagram Hack; Fidelity Allows Bitcoin in 401(k) Accounts; Australian Crypto ETF Delayed; Cardano’s Block Size Increased by 10%

Learn about the newest events surrounding the crypto space.

Continue reading Crypto Flipsider News – Elon Musk Buys Twitter, DOGE Jumps 35%, Stripe Test New Crypto Payment on Twitter; $1 Million BAYC Instagram Hack; Fidelity Allows Bitcoin in 401(k) Accounts; Australian Crypto ETF Delayed; Cardano’s Block Size Increased by 10% at DailyCoin.com.

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Twitter Is Now Officially Elon Musk’s After a $44 Billion Bid

The billionaire believes Twitter needs to go private. It fails to “strive nor serve” free speech.

Continue reading Twitter Is Now Officially Elon Musk’s After a $44 Billion Bid at DailyCoin.com.

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The XRP Price is About to Go Wild! (Biggest Conspiracy Theory in Crypto) | BitBoy Crypto Interview

Will the XRP price go up in 2022? Is Ripple losing against SEC? Today we are joined by Ben of BitBoy Crypto to talk bitcoin, cryptocurrency, altcoins, & more! Subscribe to BitBoy: https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g All persons in this video are not financial advisors. The conversations are only opinions. Investing in cryptocurrency is very risky. DYOR. Follow […]

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Crypto Flipsider News – Bitcoin Slumps, Investors Remain Bullish, Polygon Buys Predictable Labs, WhatsApp Pilots Novi Wallet, Coinbase Launches DeFi Yield, DDoS Attacks on Solana, Microsoft Backs Palm NFT

Read Friday's breaking news in the daily digest.

Continue reading Crypto Flipsider News – Bitcoin Slumps, Investors Remain Bullish, Polygon Buys Predictable Labs, WhatsApp Pilots Novi Wallet, Coinbase Launches DeFi Yield, DDoS Attacks on Solana, Microsoft Backs Palm NFT at DailyCoin.com.

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Crypto Flipsider News – Grayscale Adds SOL and UNI, Bitcoin Hashrate Rises, BTC Bulls Ignore China Ban, Cardano Traders’ Issues in Japan, Mysterious Whale Buys 276B SHIB

Read Monday's breaking news in the daily digest!

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Crypto Flipsider News – September 10th – Bitcoin ETF, Recurring Buys, Bitwise, Osprey Fund Solana, Indian and Australian Regulations

Read Friday's breaking news in the daily digest!

Continue reading Crypto Flipsider News – September 10th – Bitcoin ETF, Recurring Buys, Bitwise, Osprey Fund Solana, Indian and Australian Regulations at DailyCoin.com.

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Market Expert Highlights Top Coins To Watch As Ethereum (ETH) Reaches 22-Month High

Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins.  Deutscher highlights that ETHs recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for [...]

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El Salvador Buys 2 More Bitcoin in Record-Breaking Day

El Salvador Acquires 2 More BTC in a Single Day El Salvador has further boosted its Bitcoin holdings by purchasing an additional 2 BTC in just one day. This move demonstrates the country’s commitment to adopting and embracing cryptocurrency as legal tender. This latest acquisition follows El Salvador’s initial purchase of 200 BTC earlier, showcasing [...]

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Robert Kiyosaki Expects Bitcoin’s Price to Keep Rising — Says ‘I’m Betting on It’

The author of Rich Dad Poor Dad, Robert Kiyosaki, expects the price of bitcoin to keep rising. “I’m betting on it,” he said. Kiyosaki also shared that he bought 60 bitcoin when the price of the cryptocurrency was at $6,000 per coin. Robert Kiyosaki Expects Bitcoin’s Price to Keep Going Up The author of Rich [...]

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ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals

Ethereum (ETH) price raced to an 11-month high above $2,142 on Coinbase exchange on Sunday, the major price rally for ETH coming after the cryptocurrency’s successful Shapella upgrade. But what is the latest for Ethereum after it rose despite the sell pressure that followed enabling withdrawals for staked Ether? Kaiko, a leading institutional grade crypto …

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Ether to $5K on fractals, BlackRock ETH ETF holdings 2x with $500M buy

Ether prices rally to the $5,000 psychological mark may be a minimum target based on emerging ETH fractal patterns and Bitcoins surge above $100,000.

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