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In tandem with his call for a “crypto carnage” that is underway in the second quarter, former BitMEX CEO Arthur Hayes has predicted a price slump of $30,000 for Bitcoin and $2,500 for Ethereum by the end of June 2022. (Read More)
In a recent Bloomberg interview, Cathie Wood, CEO of Ark Invest, expressed her unyielding optimism for Bitcoin’s future. Wood backed her bullish stance with her firm’s internal analysis, projecting a staggering $1,500,000 per coin as the bull case and a still impressive $625,000 in the best-case scenario. According to her, the recent regional bank crisis […]
According to MicroStrategy co-founder Michael Saylor, the company currently holds 439,000 Bitcoin, valued at approximately $27 billion.
Nasdaq has announced that Michael Saylor's MicroStrategy will be added to the Nasdaq 100 index.
MicroStrategy is set to join the Nasdaq-100 on December 23, a move expected to drive $2.1 billion in ETF purchases. However, its reliance on Bitcoin investments raises financial stability concerns, particularly if cryptocurrency prices experience a sharp decline. MicroStrategy Set for Nasdaq-100 Addition on December 23 MicroStrategy (MSTR) is scheduled to join the Nasdaq-100 Index […]
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent Bloomberg Intelligence analyst observed that bitcoin’s 180-day volatility, hovering near record [...]
The post Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges appeared first on Crypto Breaking News.
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