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Bolivian President-elect Rodrigo Paz plans to use blockchain for public procurement and include crypto in asset declarations for a new fund.
After its latest modest purchase, Michael Saylor’s Strategy has 59,582 BTC to go before hitting 700,000 BTC on its balance sheet.
Long-term Bitcoin holders took profits at record levels with realized gains hitting $1.7 billion daily as older coins re-entered circulation.
Institutional investors have a positive outlook for Bitcoin over the next three to six months, with multiple forces contributing to a bullish Q4 for crypto.
Michael Saylor says Strategy can convert $100 million in capital into Bitcoin within hours — a speed he claims outpaces any other investment class.
Bitcoin and other hard money assets are the only way to fix the economic problems caused by currency debasement, analyst Luke Gromen said.
Bitcoin’s network hashrate hit an all-time high of over 1.2 trillion on Tuesday and remains elevated despite a drop in difficulty.
The de-escalation of tensions and growing odds of a trade deal between the US and China are positive price catalysts for cryptocurrencies.
Bitcoin price volatility returned into the weekly close with a key reclaim zone in sight, while liquidations exceeded $200 million in 24 hours.
