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Cenk Uygur rails against Bitcoin strategic reserve to benefit “crypto bros”
Read more: Cenk Uygur rails against Bitcoin strategic reserve to benefit “crypto bros”Cenk Uygur of The Young Turks criticized the idea of the U.S. government establishing a Bitcoin strategic reserve, alleging that it will benefit the crypto backers of President-elect Trump and “crypto bros” and “crypto guys.” But he later admits that crypto supporters also includes “corporate Democrats,” whom he apparently disfavors compared to progressives. What Uygur…
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Tom Lee predicts Bitcoin hits $250,000 in 2025. Bullish on potential Trump strategic reserve.
Read more: Tom Lee predicts Bitcoin hits $250,000 in 2025. Bullish on potential Trump strategic reserve.Tom Lee of Fundstrat see Bitcoin hitting $250,000 in 2025, based on prior activity after Bitcoin halving. He also has a “Trump put” on Pres. Trump’s possible Bitcoin strategic reserve.
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Conversion: Larry Fink of BlackRock admits he was wrong about Bitcoin: it’s a legitimate financial instrument. Digital gold.
Read more: Conversion: Larry Fink of BlackRock admits he was wrong about Bitcoin: it’s a legitimate financial instrument. Digital gold.Great explanation by Larry Fink, CEO of BlackRock, on why he went from Bitcoin skeptic to Bitcoin believer.
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WSJ article on why young male investors bet big in crypto
Read more: WSJ article on why young male investors bet big in cryptoThe Wall Street Journal has a fascinating article discussing the high percentage of young men who are investors in cryptocurrency and meme stocks. The article reports: “I don’t see myself retiring without taking a larger risk,” [Byron] Hayes said [to the Wall Street Journal]. “The way that this financial system is for our generation, I…
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Fidelity buys 2,160 Bitcoin
Read more: Fidelity buys 2,160 BitcoinThe Bitcoin rush continues. Fidelity just bought another 2,160 Bitcoin.
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Eric Trump: Pres. Trump will be most pro crypto President in history. Bitcoin will hit $1 million.
Read more: Eric Trump: Pres. Trump will be most pro crypto President in history. Bitcoin will hit $1 million.Speaking at the MENA conference in Abu Dhabi, Eric Trump touted that his father will be the most pro-crypto president in the history of America…. America is going to lead the way in the digital revolution.” Eric Trump also predicted that Bitcoin will hit $1 million. Full speech:
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Microsoft shareholders reject proposal to buy Bitcoin as strategic reserve
Read more: Microsoft shareholders reject proposal to buy Bitcoin as strategic reserveDespite a pitch from MicroStrategy’s Michael Saylor, Microsoft shareholders voted against the company investing in Bitcoin as a strategic reserve. Here’s Saylor’s pitch to Microsoft: The Board of Directors, however, recommended against the proposal as did the proxy advisory firms Institutional Shareholder Services and Glass Lewis, according to Bloomberg.
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BlackRock buys another $500 million of Bitcoin. Same day MicroStrategy buys $2 billion Bitcoin.
Read more: BlackRock buys another $500 million of Bitcoin. Same day MicroStrategy buys $2 billion Bitcoin.Both BlackRock and MicroStrategy continue to buy up huge amounts of Bitcoin. BlackRock purchased $500 million worth. MicroStrategy, a staggering $2 billion worth. Huge. These numbers were before today’s purchases:
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Michael Saylor posts Bitcoin buy of 21,550 BTC for $2.1 billion. Media attacks on Microstrategy grow.
Read more: Michael Saylor posts Bitcoin buy of 21,550 BTC for $2.1 billion. Media attacks on Microstrategy grow.It’s Monday. That means another announcement from Michael Saylor, who said that MicroStrategy bought another “21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR.” Media attack microstrategy’s bitcoin…
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Amazon shareholders propose Bitcoin reserve as Microsoft shareholders vote on similar proposal. Will game theory kick in?
Read more: Amazon shareholders propose Bitcoin reserve as Microsoft shareholders vote on similar proposal. Will game theory kick in?Amazon shareholders proposed a resolution for the Board to consider investing in Bitcoin as a strategic reserve (in lieu of cash). Meanwhile, Microsoft shareholders are voting on Tuesday, Dec. 10, on a similar proposal raised by Microsoft shareholders. Game theory underlying Bitcoin reserves As Jaison Milkovich’s analysis of government Bitcoin strategic reserves explains, once one…
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60 Minutes report on Crypto’s impact on 2024 Elections
Read more: 60 Minutes report on Crypto’s impact on 2024 Elections60 Minutes just aired a 13 minute story covering the impact of the crypto industry in supporting winning candidates in the 2024 U.S. election, with a success rate over 80 percent. The full video is also available on 60 Minutes webpage, along with a transcript. 60 Minutes also covered who were the crypto voters:
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Michael Saylor presentation to Microsoft Board of Directors re: Bitcoin
Read more: Michael Saylor presentation to Microsoft Board of Directors re: BitcoinHere is Michael Saylor’s 3 minute presentation to Microsoft’s Board of Directors before the upcoming vote of shareholders whether the company should invest in Bitcoin as a store of value.
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Michael Saylor: Bitcoin will reach $13 million per bitcoin
Read more: Michael Saylor: Bitcoin will reach $13 million per bitcoinMy long-term forecast is that it will go over $13 million [per bitcoin] over 21 years. It’s been growing 44 percent a year, with a 40 – 50 vol. I would think it would move on to 40 percent, then click down to 35 then 30 then 25. At some point, it will be the…
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Treasury Borrowing Advisory Committee (TBAC) advises US Treasury: Bitcoin “a store of value aka ‘digital gold’”
Read more: Treasury Borrowing Advisory Committee (TBAC) advises US Treasury: Bitcoin “a store of value aka ‘digital gold’”In October 2024 (even before the recent bull market for Bitcoin), the Treasury Borrowing Advisory Committee (TBAC) advised the U.S. Treasury Department that Bitcoin “seems to be a store ofvalue aka “digital gold” in a decentralized finance (DeFi) world; speculative interest seems to have played a prominent role in the growth of digital tokens thus…
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Michael Saylor in 2017: we are in “wave dematerliasing products into software networks”
Read more: Michael Saylor in 2017: we are in “wave dematerliasing products into software networks”In 2012, Michael Saylor published a book, The Mobile Wave: How Mobile Intelligence Change Everything We Do. The book jacket summarizes: ” Saylor explains that the current generation of mobile smart phones and tablet computers has set the stage to become the universal computing platform for the world. In the hands of billions of people and…