# bitcoin

Michael Saylor: Bitcoin will grow to 1 million dollars per coin

This week, MicroStrategy CEO Michael Saylor said in an interview with CNBC that BTC will reach $ 1 million. Saylor emphasized that cryptocurrencies should be viewed as a tool for hedging inflationary risks. The volatility we are witnessing does not affect cryptocurrencies in any fundamental way. The MicroStrategy CEO believes that investors can be divided into opponents and supporters of Bitcoin, each of whom has their […]

Opinion: Bitcoin is no longer a hedge against inflation

One of the main ideas behind bitcoin is that it protects against inflation, which means that its value will remain stable over time — the amount of cryptocurrency is limited to 21 million coins, which creates a shortage as demand for the asset grows. However, according to analysts from Bank of America, bitcoin is no longer able to cope with the task of hedging inflationary risks. Instead, the No. 1 […]

Bitcoins of Finnish drug traffickers will be transferred to the Ukrainian army

The Finnish government will donate bitcoins (BTC) seized by law enforcement in the process of solving crimes to Ukraine to support its defense capabilities in the war against Russia. According to the Finnish media outlet Helsingin Sanomat, the Finnish government currently has 1981 BTC on its account, which is approximately 78 million USD. Most of these funds were seized by Finnish customs officers during investigations […]

Wikipedia may stop accepting cryptocurrency donations due to reputation risk

The Wikimedia community has supported a proposal to ban its foundation from accepting cryptocurrency donations. According to the voting results published on Tuesday, approximately 71%, or 232 out of 326 Wikimedia members (the non-profit organization that manages the processes of the No. 1 encyclopedia) were in favor of stopping accepting donations in cryptocurrency. The arguments in favor of this decision included environmental issues related to bitcoin transactions and […]

Galaxy Digital: Bitcoin and ether to double in value by mid-2023

The management of cryptocurrency company Galaxy Digital is confident that ethereum will outperform bitcoin in the future due to the growing interest of corporate investors in smart contracts. In an interview with Kitco News, Jason Urban, co-chairman of Galaxy’s board of directors, said that bitcoin and ether are moving forward steadily and could grow in value by 100% in the second quarter of 2023. «If you would have asked me at the […]

What awaits cryptocurrencies in April? 3 facts to analyze

Let’s look at 3 facts and, as always, leave the conclusions to our readers. 1. April has historically been one of the strongest months for the crypto market, with bitcoin (BTC) growing by 46% on average. Nevertheless, there are other ecosystems worth paying attention to: Avalanche (AVAX) and Terra (LUNA) are among the most promising investment targets. According to Kraken, since 2011, […]

Australian residents will be able to buy a car for cryptocurrency

While Elon Musk is deciding whether or not to sell Tesla for bitcoins, the Australians have moved ahead — today it became known that the largest local crypto exchange CoinSpot (2.5 million users) has signed an agreement with luxury car seller Dutton Garage. Thanks to this agreement, Australians will be able to buy all or part of a luxury car for bitcoin, ether, or several dozen other cryptocurrencies. […]

UFC to pay fighters bonuses in cryptocurrency

The UFC sports organization, which organizes and conducts mixed martial arts (MMA) fights, will start paying bonuses to fighters in cryptocurrency. Payments in bitcoin will be made to the top three fighters at each UFC tournament according to the fans' vote. A prize pool of $ 60,000 (which is currently about 1.4 BTC) will be distributed among the winners. Payments will be made via Crypto.com in bitcoin, but […]