By the Numbers: More Bitcoin Bulls Than Ever Before
A Long Reads Sunday reading of Grayscale’s recent “Bitcoin Investor Survey.”
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It’s time for another edition of “By The Numbers.” This time, we’ll use a pseudonymous analyst’s numbers to find out if Tesla is in the red when it comes to their Bitcoin holdings. The caveat here is, if bitcoin’s price loses the $30K level, could Tesla’s board pressure Elon Musk into selling? And if they […]
Bitcoin bulls are feeling the heat as profit booking and fresh selling continues to weigh on the price. My last analysis Bulls Giving Up? revealed that the appreciation of the US dollar following the announcement of the Federal Reserve regarding the first hike in interest rates was one of the reasons that are weighing on the Bitcoin market. Another economic reason that will keep the Bitcoin prices depressed is the latest quarterly US GDP numbers. GDP rose at 2.3% in the second quarter and the first quarter numbers were revised upwards to a 0.6 percent advance, wiping out a previous....
Welcome back to The Nightly Mint. While NFT volumes and general sentiment has been running low on steam thus far in March, the numbers are still comparable to Q4 2021 – which blew last year’s numbers out of the water. So while critics claim that NFTs are on their downfall, if we look at the […]
Breaking into the crypto top 10 by market cap, Dogecoin (DOGE) has had an impressive run over the past day. Many fail to understand the rally and its fundaments, but numbers tell a straightforward story. DOGE is trading at $0,39 with a 197.3% profit in the 24-hour hours. In the past week, the cryptocurrency is […]
Bitcoin is a numbers game through and through. There are only 21 million BTC. The code and its consensus algorithm are both made up of complex math. The total coins are slashed in half every four years, and so on and so fourth. Most important of all, here’s the growth rate Bitcoin price must hit […]