MicroStrategy, Micheal Saylor, and their Bitcoin Bet

The crypto market is going through carnage since last year but among this bearish market one bull is keeping the market on good terms and that is Michael Saylor and his MicroStrategy.

Timeline of Bitcoin

The co-founder and chief executive of on-chain data analytics firm CryptoQuant is revealing that a stash of seven-year-old Bitcoin (BTC) linked to the hacking of the Mt. Gox exchange in 2014 is on the move.

Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. The post Binance releases proof-of-reserves system, starting with bitcoin appeared first on The Block.

Belgium's Financial Services and Markets Authority declared that crypto assets without issuers, like Bitcoin (BTC) and Ethereum (ETH), are not securities. The post Belgium says Bitcoin, Ethereum are not securities appeared first on CryptoSlate.

In a major win for stakeholders of the crypto-industry, the Financial Services and Markets Authority (FSMA) of Belgium has clarified that Bitcoin, Ethereum, and other decentralized cryptocurrencies do not qualify as securities.

In a recent interview, Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), recently shared her thoughts on Bitcoin and Ethereum. Wood's comments were made on Wednesday (23 November 2022) during an interview with Carol Massar and Tim Stenovec on Bloomberg Businessweek Radio.

If a no-coiner friend or relative asked you this question, how would you answer? It is worth bearing in mind that so far this year, the Bitcoin price (trading around $16,430 as of 8:50 a.m.

As the Bitcoin market faced turmoil surrounding the possible bankruptcy of Genesis Trading and Digital Currency Group (DCG), chatter kept surfacing that Michael Saylor's and MicroStrategy's Bitcoin bet could be in jeopardy if the price continues to fall.

Bitcoin and Ethereum ended two-day rallies as both coins fell slightly, although prices held at crucial support levels following indications the US Federal Reserve will soon slow down the pace of interest rate rises. Bitcoin, the largest coin by market cap, fell 1.5% to US$16,443.

 Bitcoin has continuously dropped over the last couple of weeks, largely due to the FTX crash Institutional investors like the Purpose Bitcoin ETF Holdings have not yet bought back despite the discount. The latest Bitcoin (BTC) crash has done more harm than good to investors' sentiment.

The crypto markets have turned extremely volatile and uncertain ever since the popular exchange FTX collapsed and created a ripple of fallouts. Meanwhile, Bitcoin and popular altcoins attempted to begin with a recovery phase, but the bears perceived the fact of their growing dominance despite minor bounces.