Tag: Bitcoin

Rare Sats – Bloomberg

“In the same way a dollar is made up of 100 cents, one bitcoin is composed of 100 million satoshis—or sats, for short. But not all sats are made equal. Those produced in the year bitcoin was created are considered vintage, like a fine wine. Other coveted sats were part of transactions made by bitcoin’s inventor. Some correspond with a…

Read More

‘Buy Bitcoin’ Sign Flashed Behind Janet Yellen Receives Bid of Almost $140,000 – Bloomberg

Here’s the latest sign that animal spirits have returned to the cryptocurrency market: A legal pad with the words “Buy Bitcoin” scribbled on it is currently fetching bids of almost $140,000 in an online auction. The hastily written message became a rallying call for supporters of the cryptocurrency after it was flashed behind then-Federal Reserve Chair Janet Yellen during Congressional…

Read More

Jamie Dimon calls bitcoin a ‘fraud’ and a ‘Ponzi scheme’ — and says the crypto is hopeless as a currency

Bitcoin is a scam and fails as a currency, Jamie Dimon said. “If you mean crypto like bitcoin, I’ve always said it’s a fraud,” the JPMorgan CEO told Bloomberg TV on Wednesday. “If they think they’re a currency, there’s no hope for it. It’s a Ponzi scheme,” he added. However, the billionaire banker did say tokens that serve a purpose…

Read More

Bitcoin Is Soaring This Year. This Goldman Sachs Skeptic Isn’t Biting. – WSJ

… Wall Street giants including BlackRock and Fidelity have embraced bitcoin, launching funds in January that make it easy for everyday investors to invest in it. Some financial advisers have also begun advising clients to include crypto in their portfolios. Mossavar-Rahmani couldn’t care less what the others do. “We do not think it is an investment asset class,” she said…

Read More

Bitcoin’s Future as Currency

The ETFs miss the point, though. Bitcoin is not an asset to hold; it is a currency to use. Bitcoin doesn’t have a price, it has an exchange rate. The future of bitcoin is not that of an asset sitting in an ETF or buried in one’s backyard in a hardware wallet. Currencies are meant to transact. *** For this…

Read More

An Anglo-Italian company says it has cracked bitcoin. People have questions

Making any sense of the Quantum Blockchain’s claims requires a foundational knowledge of crypto, so what follows might be a test of patience. If you’ve done the 11 hours of study needed to become a Certified Cryptocurrency Expert™, or if are happy to suffice with the “solved Sudokus” analogy, please skip forwards until we stop talking about balloons and teacups.…

Read More

World’s Largest Pension Fund Seeks Information on Bitcoin Under Portfolio Diversification Plan

Japan’s state pension fund, the world’s largest, is seeking information on bitcoin (BTC) as it considers options for portfolio diversification in response to changes in society, the economy and technology. The Government Pension Investment Fund (GPIF), which has $1.4 trillion in assets under management, requested data on potential investment diversification tools such as bitcoin and precious metals like gold, which…

Read More