News with the tag "XBTUSD"

Galaxy Digital CEO Mike Novogratz predicts Bitcoin could reach $1,000,000 per coin and potentially overtake gold's market value, citing favorable policy shifts and institutional inflows.

Pantera Capital CEO Dan Morehead advocates for the U.S. to replace its $600 billion gold reserves with Bitcoin, though no official policy changes have been announced.

Bitcoin's price dropped below $120,000 following comments by the US Treasury Secretary and higher-than-expected PPI inflation data, while the US government confirmed it would not purchase additional Bitcoin.

Elon Musk's SpaceX holds over $1 billion in Bitcoin, contributing to Bitcoin's market cap surpassing $4.2 trillion, despite a recent price correction.

Bitcoin and other major cryptocurrencies like Ether, Solana, and Cardano are experiencing significant price surges, with Bitcoin approaching a new all-time high and institutional investments driving the market.

Publicly traded firms Metaplanet and Smarter Web have significantly increased their Bitcoin holdings, following a strategy similar to Michael Saylor's MicroStrategy, as Bitcoin prices approach all-time highs.

Strategy (formerly MicroStrategy) has purchased an additional 155 Bitcoin for $18 million, bringing its total holdings to 628,946 BTC, worth over $75 billion, as part of its long-term Bitcoin investment strategy.

Bo Hines, the White House Crypto Chief, steps down after eight months in office, with his deputy director Patrick Witt likely to replace him.

Grok, an AI model developed by Elon Musk's team, forecasts Bitcoin will reach $175,000 by the end of 2025, amid favorable U.S. policy signals for crypto.

Harvard Management Company has invested $116 million in BlackRock's iShares Bitcoin Trust (IBIT), marking one of the largest known Bitcoin allocations by a U.S. university endowment.