Bitcoin | ForkLog

ForkLog 30 27.11.2024

Brazilian Lawmaker Proposes National Bitcoin Reserve

Brazilian congressman Eros Biondini has introduced a bill aiming to establish a national strategic bitcoin reserve, known as the Reserva Estratégica Soberana de Bitcoins (RESBit). The proposal suggests converting up to 5% of the country’s international reserves into the leading cryptocurrency. These reserves reached $372 billion as of September 2024. The authors believe such a […]

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ForkLog 22 26.11.2024

Suriname’s Presidential Hopeful Advocates for Bitcoin Transformation

Maya Parbhoe, a presidential candidate for the South American republic of Suriname in the 2025 elections, has announced plans to recognize Bitcoin as legal tender and transition the country’s financial infrastructure to blockchain. On May 25 — 2025, 6 months from now, the people of Suriname will have a clear choice to… > End systemic […]

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ForkLog 52 26.11.2024

How long can the bull run last? Analysts’ forecasts and classic business cycles

The 2024 surge in bitcoin and meme tokens has stirred expectations and upbeat forecasts. As the original cryptocurrency sets fresh all-time highs, investors are asking: how long will the crypto market rise this time? Oleg Cash Coin set out to answer. Analysts’ forecasts Many are familiar with the fortunes of early crypto holders who managed […]

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ForkLog 23 25.11.2024

MicroStrategy Expands Bitcoin Holdings, Analysts Predict Reserves Could Reach 4% of Total Supply

Bernstein experts predict that by the end of 2033, MicroStrategy will own 4% of the total bitcoin supply — 830,000 BTC at a price of $1 million. On November 25, the company additionally acquired 55,500 BTC at ~$97,862. By the end of 2033, MicroStrategy is expected to increase its bitcoin reserves from 1.7% to 4% […]

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ForkLog 8 22.11.2024

Bitcoin Surpasses $99,000 to Set New All-Time High

On the morning of November 22, Bitcoin reached a new all-time high, climbing to $99,300. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the leading cryptocurrency is trading around $99,000. It needs to rise by approximately 1% to reach a six-figure value. Over the past 24 hours, it has increased by […]

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ForkLog 107 21.11.2024

MicroStrategy’s Stock Outpaces Bitcoin by Fivefold Since January

Since the beginning of the year, MicroStrategy’s shares have surged by 650.2%, while the digital gold has risen by 123.1%. These figures are provided by MSTR Tracker. Data: MSTR Tracker. The illustration also highlights MSTR’s advantage over the S&P 500 index (24.2%), Nvidia shares (194.6%), and other members of the “Magnificent Seven“. The company’s total […]

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ForkLog 52 21.11.2024

Liquidity Shift to Bitcoin Layer 2 Solutions Forecasted by 2030

By the end of the decade, over $47 billion in liquidity could transition to Layer 2 solutions on Bitcoin. This estimate was shared by analysts from Galaxy Digital in their Bitcoin L2s report. The study considers the market share of all wrapped bitcoins in DeFi, native BTC in L2 networks, and BTC locked in staking […]

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ForkLog 8 21.11.2024

Seen this film before: how crypto’s 2024 echoes 2016

Donald Trump is heading to the White House, bitcoin is taking up more space in investors’ portfolios, and altcoins still refuse to rally. We read such headlines both today and exactly eight years ago. Oleg CashCoin explains why 2024 looks uncannily like 2016, where it differs and what follows. Waiting for Trump In 2016 Donald […]

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ForkLog 25 21.11.2024

Film Director Challenges Peter Todd’s Denials of Bitcoin Creator Claim

Cullen Hoback, director of the film Money Electric: The Bitcoin Mystery, continues to assert that programmer Peter Todd is the creator of Bitcoin. He told DLNews. Since the film’s release, disagreements have persisted between the director and the developer. Todd believed he was participating in a documentary about Bitcoin’s history and was surprised by Hoback’s […]

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ForkLog 6 20.11.2024

Trader Nets $6.85 Million from Bitcoin Rally

The new all-time high for Bitcoin on November 19 yielded a $6.85 million profit for a user, as noted by analysts at Lookonchain. This guy chased the rally to buy $BTC and made another profit of $6.85M! From Nov 6 to 8, he sold 619 $WBTC($46.44M) at $75,029 and made $8.85M! But he sold it […]

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ForkLog 12 18.11.2024

Bernstein Identifies Catalysts for Bitcoin’s Rise to $200,000

Analysts at Bernstein have identified key catalysts that could propel Bitcoin to a target level of $200,000 by 2025, according to The Block. Experts highlighted the significant roles of the SEC chairman and the Treasury Secretary in Donald Trump’s new administration after January 20. According to Polymarket, Howard Lutnick, CEO of Cantor Fitzgerald, is the […]

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ForkLog 11 16.11.2024

Dormant Bitcoin Address Awakens, Moves $180 Million

An address inactive for 14 years has transferred 2,000 BTC, valued at over $180 million, to a new location, as noted by analysts at Lookonchain. A miner with 2,000 $BTC($180M) woke up after being dormant for over 14 years and transferred all 2,000 $BTC out today. This miner earned 2,000 $BTC through mining in 2010 […]

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