Archive: Microstrategy
Crypto’s Two Biggest Exchanges Get Heat From Regulators
By Vin Narayanan on March 31, 2023
Crypto Market Musings Bitcoin broke through the $28,000 barrier (and for one brief moment topped $29,000) on Wednesday after spending about a week trading in the $27,000 range. It’s currently trading at $28,460.27. Most cryptos rallied behind bitcoin’s big Wednesday surge (more than 5%). Ethereum jumped almost 4%. And Polygon was up almost 6%. Ethereum is currently trading around $1,831.30. Polygon is currently trading around $1.11. Two factors appear to be driving the market:…
Fidelity Is Changing the Bitcoin Market
By Vin Narayanan on May 6, 2022
Market Musings The 30-day trendline for bitcoin isn’t pretty. And Thursday was particularly ugly, with bitcoin dropping to $35,871. The broader stock market was routed on Thursday as well. And as of this writing, spot gold and silver prices are down. Investors are skittish. French regulators…
Slow and Steady is the Key to a Strong Crypto Asset
By Vin Narayanan on December 10, 2020
Slow and steady isn’t necessarily a bad thing — especially in crypto. Over the last seven days, the price of bitcoin has dropped about $1,000. As I write this, bitcoin is trading around $18,200. And that’s OK. In fact, if bitcoin decides to pitch a tent…
Bitcoin is Looking Better Than Ever
By Adam Sharp on October 16, 2020
Long-time readers know I’m always bullish on bitcoin over the long-term. But recently I’ve become extremely bullish over the short- and mid-term. Let me tell you why. On October 7th, Square — a publicly-traded $82 billion financial giant — announced that they purchased $50…
A Glimpse of Bitcoin’s Future
By Adam Sharp on August 21, 2020
A couple of weeks ago something unprecedented happened. Microstrategy — a $1 billion+ publicly traded company — switched $250 million of its dollar reserves into bitcoin. Here’s an excerpt from a Coindesk report, which I strongly recommend reading.