Bitcoin Price Hit $60,000! New All Time High Inbound

Bitcoin surpasses $60,000 and looks poised to retake a new all-time high soon and pump to prices never seen before. Bitcoin is back at $60,000 and looks poised to retake a new all-time high of $65,000 in the near future. Starting off the year in the low $30,000s, we watched bitcoin put doubters in disbelief as it ran all the way up to $64,000 later on in April. Since then we’ve seen a pretty decent decline that really put the class of 2020/21 Bitcoiners’ resilience to the test. Many of…

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90% Of Lightning Nodes Launched In The Last Year Run On Umbrel

Today Umbrel presented new research that showed 90% of the lightning nodes brought online in the last year run on the company’s software. Today Umbrel presented new research that showed 90% of the lightning nodes brought online in the last year run on the company’s software, which allows users to run a Bitcoin Lightning node and other software from their own personal server. Just days before a new Umbrel and Bitcoin Machines hardware collaboration is shipped out, which allow users to plug-and-play personal Bitcoin nodes and Lightning nodes, Umbrel announced…

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Michael Saylor’s MicroStrategy Up Over $3 Billion On Bitcoin Investment

MicroStrategy has officially doubled its money on its Bitcoin investment. The company’s $3.16 billion in Bitcoin is now worth $6.7 billion. MicroStrategy has officially doubled its money on its Bitcoin investment. The company’s $3.16 billion in Bitcoin is now worth $6.7 billion. To date, MicroStrategy holds approximately 114,042 bitcoin, acquired at an aggregate purchase price of $3.16 billion and an average price per bitcoin of $27,713, inclusive of fees and expenses. The firm owns more Bitcoin than any other public company in the world. In September, Michael Saylor announced that…

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The U.S. Government Does Not Respect Autonomy. Bitcoin Does.

The U.S. government wants to neglect the free will of the markets and Bitcoin is the only way to opt out. The below is a direct excerpt of Marty’s Bent Issue #1094: “The kleptocrats have no respect for you, your privacy, or your ‘autonomy.’” Sign up for the newsletter here. The government that brought you $28 TRILLION in debt that they are unable to pay back without a perpetual raising of the debt “ceiling” and forced confiscation of wealth via taxation and other means is here to tell you that…

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As The Bitcoin Price Approaches All-Time Highs, How Much Supply Is In Profit?

As we approach bitcoin price all-time highs, we start to see the percentage of circulating supply in profit reach 100%. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Supply In Profit As we approach bitcoin price all-time highs, we will start to see the percentage of circulating supply in profit climb up to 100%. More importantly, we will see long-term holder…

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Framing Bitcoin For Progressives

Despite being consistently framed as right-wing, Bitcoin is all-inclusive and benefits all ideologies. What Is Bitcoin? At its core, Bitcoin is a digital store of value that enables everyone in the world to coalesce around a singular monetary system. For the first time, anyone in the world can send money to anyone else in the world, instantaneously, regardless of nationality, credit score or even access to a bank. No government owns it or sets its policies. This levels the playing field amid a global geopolitical environment prone to corruption, censorship…

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Making Bitcoin Mining Accessible

Discussing Bitcoin mining accessibility for the masses with Whit Gibbs of Compass Mining. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Bitcoin Magazine Podcast,” host Christian Keroles was joined by Whit Gibbs, the cofounder and CEO of Compass Mining. Compass Mining’s mission is to support hash rate growth and network security by making Bitcoin mining accessible for more people. Keroles and Gibbs explored Gibbs’ journey into Bitcoin, his experience building a Bitcoin company, the future of Bitcoin mining, and…

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Morgan Stanley CEO: Bitcoin Is Not Going Away

James Gorman shared his thoughts on Bitcoin today in a call, saying that the digital currency is not going away. Bitcoin is not a fad and is not going away, said Morgan Stanley chief executive officer James Gorman. Gorman hence refutes JPMorgan CEO Jamie Dimon’s recent remarks that, in his opinion, “Bitcoin is worthless.” But the Morgan Stanley head fails to realize that Bitcoin is the true innovation, not blockchain. Morgan Stanley chief executive officer James Gorman has a neutral-to-positive view on Bitcoin and cryptocurrencies, Bloomberg reported. Gorman realizes that…

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Bitcoin Is The Best Form Of Money, Says Morgan Creek Capital CEO

Mark Yusko said in an interview that Bitcoin will power the internet of value by being its “base layer.” Bitcoin is the best form of money and will be the base layer of the internet of value, said Mark Yusko, CEO of Morgan Creek Capital, in an interview with Cointelegraph. Yusko shared his thoughts on Bitcoin, gold, cryptocurrencies, and the barriers to worldwide adoption. Bitcoin will eat all of gold’s market cap, in Yusko’s opinion, driving the BTC price north of $500,000. But in the short term, bitcoin is set…

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Bitwise Files For Physically Backed Bitcoin ETF

The firm’s CIO explained their filing’s rationale, sharing that the SEC can now approve an actual bitcoin ETF. Bitwise Asset Management has filed for a physically-backed bitcoin ETF with NYSE Arca, according to a new filing with the SEC. The exchange-traded fund would trade spot bitcoin instead of BTC futures, as most filings have recently sought to do. “The market has matured,” Bitwise chief investment officer Matt Hougan said on a Twitter thread, explaining the company’s rationale for the filing. While many companies have been following the Federal Reserve’s chairman…

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