Bitcoin can reach $400K in 2021 as ‘risk-off reserve asset’ — Bloomberg
Bitcoin (BTC) still gets criticized for being too volatile, but one Bloomberg analyst believes that it conversely is becoming a “risk-off” choice for investors. In a tweet on March 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence,...
Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six...
Over $6B in Bitcoin Options Set to Expire Today, April Contracts Show Bets for $80K per BTC
A number of options traders are betting that bitcoin prices will tap $80,000 by May 2021. Meanwhile, over 100,000 bitcoin options worth more than $6 billion are set to expire on Friday, smashing the previous record expiry seen in January. $6 Billion in Bitcoin Options...
Bitcoin buyers mean business as Coinbase reserves drop $8B in 3 months
Bitcoin (BTC) may have shed $10,000 in a week but the cryptocurrency’s “supply crisis” is more real than ever. According to the latest data from on-chain monitoring resource Glassnode, exchange BTC reserves are at an all-time low. Everyone wants BTC...Interesting 13
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