Bitcoin‘s long-term prospects remain robust despite a potential downturn in its immediate future, according to the latest analysis from prominent trader Mikybull Crypto.
Sharing his thoughts on X (formerly Twitter) on April 17, he confirmed that Bitcoin’s current trajectory aligns with the typical patterns observed in past bull cycles.
Currently, Bitcoin is attempting to recover from a significant 15% drop from its peak values.
This setback has introduced the possibility of the cryptocurrency falling below the $60,000 mark, contradicting earlier optimistic forecasts and leading to a range of lower price targets.
Mikybull Crypto maintains that this downward trend is typical of Bitcoin’s market behavior, especially around its halving events, which historically have not been immediately beneficial for its price.
“Bitcoin is experiencing normal correction as it always did every halving month in preparation for cycle top,” he noted, adding that the current market pattern resembles the re-accumulation phase seen in December 2023, which eventually led to a surge up to $73,000 in 2024.
The analysis highlighted a Wyckoff schematic indicating a potential upward breakout.
This approach aligns with the upcoming block subsidy halving on April 19, which could set the stage for a subsequent rally.
Mikybull Crypto pointed out significant bid liquidity around $57,000 as a key area for potential accumulation and clearing of about $2.2 billion in long liquidation pools, according to data from CoinGlass.
READ MORE: Stock and Crypto Sectors Face Potential Correction Amid Economic Uncertainty, Says Expert
Further market insights were shared by Skew, another noted trader, who observed the sensitivity of perpetual swaps to spot price movements, suggesting potential volatility around these liquidity zones.
This sentiment was echoed in recent price movements that saw Bitcoin dip below $61,000, marking its lowest point since March 20, as reported by Cointelegraph Markets Pro and TradingView.
In a broader context, Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, highlighted the comparative risks between Bitcoin and traditional assets like gold, suggesting potential broader market implications if Bitcoin begins to underperform significantly compared to gold.
Despite these short-term challenges, Mikybull Crypto emphasized the strong fundamental outlook for Bitcoin, stating, “Bitcoin from a macro perspective is looking solid and on track which shows that the cycle top in this cycle is far from being reached.”
This reassurance reflects a confidence in Bitcoin’s resilience and its ability to navigate through customary market cycles to realize long-term gains.
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The market is experiencing a noticeable bullish trend. Its primary cause seems to be the rising success of AI-related tokens. Projects such as Render (RNDR) and Injective (INJ) have shown impressive performance recently, seeing their values increase rapidly over the last few weeks. This growth can be linked with changes in technological progress and usage rates within particular areas.
To be more specific, the value of Render (RNDR) has increased significantly because of its pioneering in 3D rendering technologies that are very important for enhancing AI abilities. As Render (RNDR) and Injective (INJ) keep moving up, there’s strong expectation that other projects could follow suit. The market’s excitement about technology merging in crypto shows that tokens that match this innovation-oriented trend might have their rally soon enough.
Ride The Wave of Innovation with ScapesMania
The introduction of a new crypto project is usually met with very cautious optimism. But when its numerous past sales and token generation event (TGE) are a huge success, it all seems like the first step on a path full of growth potential. ScapesMania, the groundbreaking casual gaming project, has a lot to show for its unstoppable hype.
$MANIA has stepped into PancakeSwap, a decentralized exchange on the Binance Smart Chain network known for its extensive user base and liquidity. The debut trading day proved to be impressive. The token price demonstrated resilience, indicating robust tokenomics and promising prospects for the project. Unlike short-term ICOs, ScapesMania has proven itself to be a serious venture within a thriving market.
Just let the numbers speak for themselves:
- Holder count: 18.41K
- 24-hour trading volume: $2.25M
- Over 2,535 buys and 1,651 sells
ScapesMania also topped DEXTools’ Hot Pairs list right away after its debut.
This project started out with a presale event that garnered an incredible $6.125 million. The fact that it attracted over 60,000 followers across different social media networks and a vast number of holders is even more remarkable. This strong support and funding demonstrate how appealing and promising the project is to a wide audience. A real breakthrough might be just around the corner, so it would be a waste not to grab $MANIA tokens before they skyrocket.
The launch of liquidity pairings including MANIA/WBNB and MANIA/USDT marked the beginning of active trading. The demand from the community led to USDT becoming the main source of liquidity.
Why get involved with ScapesMania now that it’s listed? First, $MANIA tokenomics are balanced, with a cliff and vesting system helping maintain stability. Second, ScapesMania incentivizes community members through its staking program, rewarding commitment with extra tokens. Third, through DAO governance, community members can vote on ecosystem development decisions. Finally, ScapesMania continuously expands token utility, offering more benefits to $MANIA holders.
With a strong plan for promoting the project after listing, its success might keep up the record-breaking pace after its debut. The team’s dedication to long-term development and prominence in the cryptocurrency industry is shown by their impressive marketing efforts — 75K+ average monthly traffic is no joke.
Additional upsides that may be among the biggest deciding factors are:
- The project’s smart contract has been approved by BlockSafu. Holders may rest certain that the project’s infrastructure is reliable and up to par thanks to this endorsement.
- Enthusiastic support from numerous notable crypto influencers. It lends legitimacy and affirms ScapesMania’s status as one of the promising new projects.
- Experienced team. Innovating and executing a project successfully requires a team of seasoned specialists. This project is in a strong position to overcome any obstacles and take advantage of opportunities.
- Bright future. The project has come a long way, but it still has a long way to go. There are tentative plans to list on a centralized exchange (CEX), which will provide access to more markets and more liquidity.
Everything about ScapesMania was carefully designed to facilitate major growth potential. From successful, well-publicized sales to its advantageous alliances, seasoned staff, and strategic positioning in the casual gaming niche – it looks poised for big things.
Choosing ScapesMania right now, post-TGE, offers early access, exclusive benefits, diversification, lower competition within a dynamic niche, and, more importantly, a potentially perfectly-timed entry point. The coin’s stable post-listing price and strong initial support, coupled with an influx of newcomers, indicate long-term confidence, so it might be the time to make your decision.
Render (RNDR): Current Market Dynamics and Prospects
Render (RNDR) has recently taken a big drop. It is now selling at $8.06, which is about 22.83% less than what the market thought it would be. The token’s value has dropped by 36.68% in the last month, which is a far cry from its strong gain of 294.53% year-over-year.
Even though the price of Render (RNDR) is currently falling, there are signs that it might be about to recover. It could go up by 29.86% soon, which would bring it closer to $10.44. Technical signs support this possible rise. They show a mixed mood, leaning toward a bearish view in the short term but with possible bullish reversals as market conditions change.
Future projections for this coin differ, but the important levels of support at $7.80 and resistance at $9.13 should be watched by investors as they will have a big impact on the short-term price moves.
Injective (INJ): Comparative Analysis and Future Outlook
The last coin we want to discuss, Injective (INJ), has done much better than most cryptocurrencies, rising over 900% in the past year. Because of this, Injective (INJ) has become recognized as a coin with a lot of market potential and stability. It is currently selling at $26 and, historically, the price has reached many important milestones, with a high point of $52.65. The trend line shows a strong upward movement, which is backed up by technical signs that show investors and the market are still confident in the technology and market strategy behind this project.
With all of this mind, many agree that this project has a bright future ahead of it. In a best-case scenario, it could hit $580 by 2030. However, Injective (INJ) has to deal with competition from other AI and DeFi coins, which could be very hard. Strategic relationships and constant innovation will be important for keeping things going the right way.
Conclusion
The world of cryptocurrencies is changing very quickly, and Render (RNDR) and Injective (INJ) have become well-known as strong market players with a lot of room to grow. Render (RNDR), despite a recent drop, is set to rebound, and its advanced 3D rendering methods could help it a lot in the short run. Even though Render (RNDR) is facing technology issues and market changes, the company’s future is still positive. This is because it has made strong year-over-year gains.
Injective (INJ) has grown incredibly quickly over the past year, far outperforming many of its peers. With a strong position in the decentralized finance and DeFi sectors, it is likely to keep going up. It could even hit new heights in the next few years if it keeps coming up with new ideas and expanding its market presence.
The traditional finance sector (TradFi) is embracing the tokenization of financial assets on public blockchains, with significant advancements in blockchain-based tokenization, according to Markus Infanger, Senior Vice President at RippleX.
In an exclusive interview with Cointelegraph during Paris Blockchain Week, Infanger expressed that TradFi’s integration of blockchain technology is becoming concrete and impactful.
“We’re starting a paradigm shift for blockchain technology, moving beyond the hype and into real utility.
“It’s starting to unfold,” Infanger remarked, indicating a significant shift towards practical applications of blockchain in traditional finance.
The potential for tokenized markets is enormous, with future projections estimating their value at $16 trillion, far surpassing the current total market cap of the cryptocurrency sector.
Infanger highlighted that the evolution toward tokenization is progressing on public blockchains, contrasting earlier expectations that it might be limited to proprietary technologies like JPMorgan Coin or IBM.
TradFi institutions are not only considering but actively engaging in tokenization projects using the XRP Ledger.
These firms are prepared with distribution channels and have clear applications for how they wish to utilize blockchain technology.
For example, HSBC has partnered with Ripple-owned tech firm Metaco to facilitate institutional investors in holding tokenized securities on a new custody platform, launched in November 2023.
Infanger also noted that Ripple is expanding its role within the financial ecosystem by integrating various blockchain solutions that enhance the utility of the XRP Ledger (XRPL).
Traditionally viewed as a payments-focused company, Ripple is now attracting attention from both TradFi and decentralized finance (DeFi) sectors.
“We have a custody arm, a payments arm and our contributions to the XRP Ledger.
“The combination is a holistic digital asset infrastructure value proposition for traditional finance and developers who want to solve DeFi problems,” Infanger elaborated on Ripple’s broadened focus.
Adding to Ripple’s array of offerings, the firm plans to launch its own United States dollar-pegged stablecoin on both XRPL and Ethereum, aiming to complement its institutional services.
Although details are pending, Ripple CTO David Schwartz previously discussed aspects of the stablecoin with Cointelegraph.
Infanger shared insights into the motivation behind Ripple’s stablecoin, emphasizing the growth potential of the stablecoin market, which could reach $2.8 trillion in five years—a significant increase from the current $130 billion.
He noted the ongoing demand for a high-tier stablecoin like USD Coin or Tether within the XRPL community.
“We really envision our institutional DeFi use case, on one hand, tokenization on XRPL and then in our payments product for optionality and some use cases alongside XRP using the stablecoin and for the XRP ecosystem as a whole,” Infanger concluded, outlining Ripple’s strategic vision for integrating tokenization and stablecoin applications within its platform.
Ripple has yet to confirm the launch date or the official name for its upcoming stablecoin.
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Microsoft has announced a significant expansion in its global artificial intelligence (AI) initiatives with a strategic $1.5 billion investment in G42, an Abu Dhabi-based AI tech holding company.
This partnership, unveiled on April 16, marks a considerable step in Microsoft’s efforts to advance AI development and enhance the accessibility of state-of-the-art technologies both within the United Arab Emirates (UAE) and globally.
As part of this partnership, G42 will utilize Microsoft’s AI computing platform, Azure, to operate its AI applications and services.
This collaboration aims to extend beyond the UAE, targeting the provision of advanced AI solutions to the global public sector and large enterprises.
The investment also seeks to bolster skill development in the UAE, aiming to cultivate a diverse AI workforce and talent pool.
Sheikh Tahnoon bin Zayed Al Nahyan, chairman of G42, emphasized the significance of this investment, describing it as a “pivotal” moment for the company’s growth.
Brad Smith, Microsoft’s vice chair and president, highlighted the broader aspirations of the partnership, stating, “Our two companies will work together not only in the UAE but to bring AI and digital infrastructure and services to underserved nations.”
READ MORE: Hong Kong Approves First Spot Bitcoin and Ether ETFs, Aiming to Boost Digital Asset Market
Smith is also expected to join the board of directors at G42, further solidifying the strategic alignment between the two companies.
This new investment in G42 is part of a larger pattern of Microsoft’s billion-dollar commitments across various regions.
For instance, on February 15, the company committed to investing approximately 3 billion euros to enhance AI infrastructure in Germany over the following two years.
Shortly after, Microsoft disclosed a $2 billion investment plan for AI infrastructure in Spain to strengthen local technological capabilities.
More recently, on April 9, Microsoft AI CEO Mustafa Suleyman announced plans for a “significant, long-term investment” in the United Kingdom, which includes hiring initiatives targeting “passionate innovators.”
These developments indicate Microsoft’s aggressive strategy in expanding its AI footprint globally. However, Microsoft is not alone in this endeavor.
OpenAI CEO Sam Altman has also been actively engaging with executives from Fortune 500 companies, aiming to pitch AI services to diversify OpenAI’s revenue streams and explore new markets, positioning OpenAI as a direct competitor in the AI landscape where Microsoft is a major investor.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Scientist Doge (SCDOGE) has huge potential, and it is poised to skyrocket over 6,000% in the next 72 hours, delivering massive returns to early investors, as Dogecoin (DOGE) and Shiba Inu (SHIB) did.
In the ever-evolving world of cryptocurrency, a new contender has emerged with a bang: Scientist Doge (SCDOGE). Launched just today, SCDOGE is not just any memecoin; it’s a token with a twist, inspired by the world of science and innovation, combined with the viral appeal of the beloved Shiba Inu meme.
The brains behind Scientist Doge have infused this new cryptocurrency with features that promise to outshine its predecessors, Dogecoin and Shiba Inu. Leveraging the robust and fast Solana blockchain, SCDOGE offers significantly lower transaction fees and faster processing times, which could be a game-changer in its uptake and utility.
What sets Scientist Doge apart is its unique approach to community involvement and rewards. Each transaction with SCDOGE contributes to a ‘Research Fund,’ a wallet dedicated to supporting science education and innovation grants. This philanthropic angle not only adds an altruistic appeal to the coin but also aligns with the interests of a younger, more socially conscious investor.
SCDOGE (contract address: 89dzEpKpVNebh8MWCAzN75mSXuYjffJ2yTBntf1CgGVC) has potential to generate huge gains for early investors, as it just launched on Solana today. It is currently only tradeable on decentralized exchanges like Raydium and Jupiter, by swapping Solana for SCDOGE.
The debut has been met with considerable enthusiasm, with early trading volumes suggesting a robust appetite among crypto enthusiasts. Analysts are watching closely, predicting that SCDOGE might replicate the meteoric rise of its meme predecessors.
As the digital currency continues to gain traction, the question remains: could this be the memecoin that not only challenges but potentially outpaces Dogecoin and Shiba Inu in popularity and utility? While the market for cryptocurrencies remains notoriously volatile, the innovative approach and strong community support for Scientist Doge hint at a bright future ahead.
For those looking to diversify their crypto portfolios, keeping an eye on Scientist Doge could be well worth it. With its scientific flair and community-focused ethos, SCDOGE is poised to make a significant impact in the meme coin arena.
Laughing Shiba Inu (LSHIB) has been attracting significant investment from early investors of Shiba Inu (SHIB) and Dogecoin (DOGE).
Laughing Shiba Inu, a newly launched Solana memecoin, is poised to rally 3,600% in the coming 48 hours, after a period of price consolidation.
Earlier, the LSHIB developers announced via the official Laughing Shiba Inu Telegram channel that they would be burning 20% of the total supply.
Laughing Shiba Inu was launched earlier this week, and the memecoin has already been attracting investment from early investors of Shiba Inu (SHIB) and Dogecoin (DOGE).
LSHIB’s market cap is just under $10,000 at the moment, and this means that Laughing Shiba Inu has immense upside potential, as it will create a new wave of memecoin millionaires when its market cap hits $250,000-$500,000.
Shiba Inu (SHIB) and Dogecoin (DOGE), two other dog-themed memecoins, have been losing momentum in recent weeks, leading investors to cash in their profits and pour funds into new memecoins, such as LSHIB (contract address: 28UNYzpJxAd3PXbPZcfwpBgEhbfQMZV7wZHFoAi8MYx5).
Another exciting memecoin which has huge upside potential is Bitcoin Bull (BTCBULL).
Bitcoin Bull (contract address: 3Yijkd9pDyQJEgesWCJmQ2PWvbVc4qdd1HieQsJ7gjE9) is also on the Solana blockchain, and it was launched this week on Raydium.
BTCBULL is forecast to rally at least 2,800% in the next 24 hours and over 7,000% within the coming five days.
Both Laughing Shiba Inu and BTCBULL are currently only available on decentralized Solana exchanges, like Raydium and Jupiter, but listings on centralized exchanges are planned in the near future.
To buy these coins, traders need to first buy some Solana and send it to a Metamask or Solflare wallet; then, they can swap SOL for the desired coin using Raydium or Jupiter.
These listings, which are planned later in April, will cause the price of both LSHIB and BTCBULL coin to explode, generating astronomical returns for early investors.
BlackRock‘s iShares Bitcoin Trust (IBIT) has emerged as the only spot Bitcoin exchange-traded fund (ETF) in the United States to record inflows over the last two days, setting it apart from its counterparts.
While IBIT saw an addition of $73.4 million on April 15, a slight decrease from the previous day’s $111.1 million, the other eight ETFs in the market did not register any new inflows, according to data from Farside Investors.
Notably, the only exception to this trend was Grayscale, whose Bitcoin Trust faced significant outflows.
In stark contrast to IBIT’s inflows, the Grayscale Bitcoin Trust (GBTC) experienced substantial outflows, losing $110.1 million on April 15, which, though substantial, was less than the $166.2 million withdrawn on April 14.
Across the board, the ten spot Bitcoin ETFs witnessed collective net outflows on April 14 and 15, amounting to $55.1 million and $36.7 million respectively.
The general trend for U.S. Bitcoin ETFs has been negative, following a tumultuous week for Bitcoin itself. The cryptocurrency’s price fell by 11.6% over the week, dropping to $63,410, as reported by Cointelegraph Markets Pro.
READ MORE: Grayscale Bitcoin Trust Faces Steep Outflows, Over $16 Billion Withdrawn Since ETF Conversion
This downturn coincided with broader global Bitcoin investment products also experiencing outflows, with a net $110 million leaving these funds in the week ending April 12.
James Butterfill, head of research at CoinShares, pointed out that these outflows from Bitcoin investment products underscore a growing hesitancy among investors.
He noted that not only did crypto investment products see a total of $126 million in net outflows last week, but trading volumes also rose from $17 billion to $21 billion, indicating increased market activity amidst the uncertainty.
Further exacerbating the volatility in the Bitcoin market was the geopolitical tension following Iran’s attack on Israel on April 13, which resulted in Bitcoin plummeting to a three-week low of $61,918.
Additionally, the anticipated halving event scheduled for April 20, which will reduce Bitcoin’s issuance rate by half, is also contributing to the uncertainty in the market.
This event is closely watched by traders due to its potential impact on Bitcoin’s price dynamics.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Despite the high volatility of cryptocurrency prices, major industry players such as Bitcoin Depot, a leading Bitcoin ATM operator, report little impact on their business performance.
In its latest 10-K annual report filed on April 15, Bitcoin Depot disclosed that its revenues show no historical correlation with Bitcoin’s fluctuating prices.
The company reported revenues of $689 million in 2023 and $647 million in 2022, which did not fluctuate in tandem with Bitcoin’s price movements.
Throughout 2023, while Bitcoin’s value surged by 155%, Bitcoin Depot’s revenue grew by only 6%. This indicates a disconnect between the company’s financial performance and the cryptocurrency market trends.
The firm attributes this stability to the nature of its services.
According to Bitcoin Depot, “Based on our own user surveys, a majority of our users use our products and services for non-speculative purposes, including money transfers, international remittances, and online purchases, among others.”
Bitcoin Depot has taken measures to minimize its exposure to Bitcoin’s price volatility.
The company maintains a “relatively low balance” of Bitcoin, under $0.8 million at any given time, and replenishes its Bitcoin supply exclusively through purchases from top liquidity providers such as Cumberland DRW and Abra.
This strategy avoids the risks associated with Bitcoin mining.
READ MORE: Hong Kong Approves First Spot Bitcoin and Ether ETFs, Aiming to Boost Digital Asset Market
The operational finances of Bitcoin Depot involve two key components: Bitcoin stored in hot wallets to fulfill user transactions and cash accumulated in its Bitcoin ATM (BTM) kiosks.
As of the end of 2023, cash in these kiosks represented about 21% of the company’s average monthly revenues.
Established in 2016, Bitcoin Depot has grown to become the world’s largest cryptocurrency ATM operator as confirmed by CoinATMRadar.
With more than 7,000 BTMs globally as of April 2024, Bitcoin Depot leads its closest competitors, CoinFlip and BitStop, which manage 4,800 and 2,500 machines respectively.
Notably, 2023 marked the first-ever decline in the global installation of Bitcoin ATMs, reflecting a shift in the industry dynamics.
However, Bitcoin Depot’s CEO, Brandon Mintz, remains optimistic about the future, especially with the upcoming Bitcoin halving event expected this week, which he believes will catalyze a significant rebound in ATM industry growth.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Scientist Doge (SCDOGE) has huge potential, and it is poised to skyrocket over 6,000% in the next 72 hours, delivering massive returns to early investors, as Dogecoin (DOGE) and Shiba Inu (SHIB) did.
In the ever-evolving world of cryptocurrency, a new contender has emerged with a bang: Scientist Doge (SCDOGE). Launched just today, SCDOGE is not just any memecoin; it’s a token with a twist, inspired by the world of science and innovation, combined with the viral appeal of the beloved Shiba Inu meme.
The brains behind Scientist Doge have infused this new cryptocurrency with features that promise to outshine its predecessors, Dogecoin and Shiba Inu. Leveraging the robust and fast Solana blockchain, SCDOGE offers significantly lower transaction fees and faster processing times, which could be a game-changer in its uptake and utility.
What sets Scientist Doge apart is its unique approach to community involvement and rewards. Each transaction with SCDOGE contributes to a ‘Research Fund,’ a wallet dedicated to supporting science education and innovation grants. This philanthropic angle not only adds an altruistic appeal to the coin but also aligns with the interests of a younger, more socially conscious investor.
SCDOGE (contract address: 89dzEpKpVNebh8MWCAzN75mSXuYjffJ2yTBntf1CgGVC) has potential to generate huge gains for early investors, as it just launched on Solana today. It is currently only tradeable on decentralized exchanges like Raydium and Jupiter, by swapping Solana for SCDOGE.
The debut has been met with considerable enthusiasm, with early trading volumes suggesting a robust appetite among crypto enthusiasts. Analysts are watching closely, predicting that SCDOGE might replicate the meteoric rise of its meme predecessors.
As the digital currency continues to gain traction, the question remains: could this be the memecoin that not only challenges but potentially outpaces Dogecoin and Shiba Inu in popularity and utility? While the market for cryptocurrencies remains notoriously volatile, the innovative approach and strong community support for Scientist Doge hint at a bright future ahead.
For those looking to diversify their crypto portfolios, keeping an eye on Scientist Doge could be well worth it. With its scientific flair and community-focused ethos, SCDOGE is poised to make a significant impact in the meme coin arena.
Gold advocate Peter Schiff has expressed skepticism towards claims by market analysts predicting that Bitcoin could reach a price of $100,000 during its current bull run.
Schiff, a vocal critic of Bitcoin, challenged the notion that the cryptocurrency could achieve such a milestone, particularly attributing the expected surge to the demand generated by spot Bitcoin exchange-traded funds (ETFs).
In his critique, Schiff pointed to the lackluster performance of several Bitcoin-related stocks, such as Coinbase, MicroStrategy, and Galaxy Digital, highlighting their recent declines despite the overall enthusiasm around Bitcoin.
On a post dated April 16 on the social media platform X, he noted, “Coinbase is down 21%, Galaxy Digital is down 26%, MicroStrategy is down 33%, and several Bitcoin mining stocks are down double digits.”
These observations came at a time when, broadly speaking, Bitcoin and crypto-related stocks have generally outperformed traditional market equities since the beginning of 2024.
However, Schiff did not provide specific timelines for these losses, despite their occurrence within a broader context of recent downturns in the past week attributed to a bearish momentum in the cryptocurrency market.
Market analysts have previously mentioned that Bitcoin often experiences a dip before its halving event, which is expected later this week, and typically recovers and gains momentum afterward. This pattern provides a counterpoint to Schiff’s bearish stance.
Responding to Schiff’s skepticism, Bitcoin advocates quickly took to social media to refute his claims by pointing out selective data usage.
One user highlighted that MicroStrategy’s stock has actually seen an impressive increase of 300% year-on-year.
Others compared the performance of Bitcoin with that of gold, which, despite reaching new all-time highs in the second quarter of 2024, still lags behind Bitcoin’s performance in the same period.
Bitcoin enthusiasts like Dan Held and Willy Woo also engaged with Schiff’s comments, reminding him of his missed opportunity to invest in Bitcoin back in 2013 when it was priced around $1,000.
This interaction underscores the ongoing debate between proponents of traditional assets like gold and supporters of newer digital currencies such as Bitcoin.
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