[ad_1] Closely followed crypto strategist and trader Michaël van de Poppe is naming his top altcoin picks for the current cycle. In a new strategy video, Van de Poppe tells his 165,000 YouTube subscribers that Bitcoin (BTC) investors are likely to start funneling their profits into altcoins, sending alt projects much higher. “Altcoins are going to do really well. They are likely going to do that. They have been suffering a lot in the past period because of the Bitcoin exchange-traded funds, but I think that the rotation is going to be very close towards an upside for altcoins.” The…
Author: dfrancis36
[ad_1] It is no longer unusual to hear that a bank accepts savings in Bitcoin, Ethereum, and the like. Or that a loan company helps businesses with crypto. After all, the traditional financial and insurance industries were among the first to adopt cryptocurrencies. The latter ones have found more than one way to incorporate these means of payment into their business. This approach proved useful not only for companies but also for policyholders. The above claim was confirmed by several recent surveys, including that of Goldman Sachs, which showed that 6% of respondents (over 300 financial executives in the insurance sector) verified that…
[ad_1] Hyperbitcoinization is the belief that eventually all goods and services will be priced in bitcoin instead of dollars. If you identify as a Bitcoin maximalist, you might have already accepted this as a given. But what does this process actually look like over time? What are key milestones that we can point to that would indicate hyperbitcoinization is taking place? In this post, I explore current Bitcoin financial products, geopolitical reasons governments will adopt bitcoin, why central banks will adopt bitcoin and more. Merging Bitcoin with Traditional FinanceAs adoption continues, more companies will offer Bitcoin financial products and further…
[ad_1] Polkadot (DOT), a popular cryptocurrency in the blockchain space, has been making waves with its innovative approach to interoperability and scalability. However, like any financial asset, its price movement is subject to various technical analysis patterns, one of which is the rising wedge chart pattern. The formation of a rising wedge pattern on DOT’s price chart suggests that despite its recent upward trajectory, there could be a downturn on the horizon. Traders and investors often watch for confirmation signals such as a break below the lower base of the wedge to confirm the pattern’s validity and anticipate potential selling…
[ad_1] Cryptocurrency exchange Kraken is seeking over $100 million before a potential initial public offering (IPO), Bloomberg reported. The crypto exchange, founded in San Francisco in 2011, has long discussed going public. This move is reportedly fueled by a surge in investor interest and a perceived softening of regulations against digital assets.Discussions with Potential InvestorsAccording to insiders, the fundraising could be completed by the end of the year. Kraken aims to attract a special-purpose acquisition company to ensure a successful IPO, potentially as soon as next year. So far, the discussions with potential investors have been informal, focusing on terms…
[ad_1] In a recent interview with Bitcoin Magazine, Shinobi sat down with Willem Schroé from Botanix Labs to discuss the progress and vision behind Spiderchains, an innovative scaling solution soon to be released to the public. Despite the flurry of attention surrounding other layer solutions like BitVM and rollups, the team at Botanix has been steadily laying out the groundwork for a distributed network capable of supporting 10,000 nodes, leveraging a unique combination of multisig and proof-of-stake (PoS) mechanisms.Design OverviewSchroé describes Spiderchains as a decentralized network of multisigs, similar in concept to the Lightning Network but using a different architecture. “If…
[ad_1] The Bitcoin recent foray into $70,000 price territory has again become a hot topic among investors, with many looking at a positive price outlook. As a result of this fascinating price action, the vast majority of long-term holders have seen their holdings cross into profit zone. Particularly, the positive outlook seems to be positive among US-based investors, as shown by the Coinbase premium turning positive. Some see the return of the Coinbase premium as a bullish signal that could continue to drive the price higher. Coinbase Premium Index Flips Positive The Coinbase Premium Index (CPI), which had been trading…
[ad_1] President Donald Trump has made a calculated pivot to embrace Bitcoin and crypto, sensing a strategic advantage against incumbent Joe Biden in the 2024 election. While Biden has projected hostility toward Bitcoin, Trump directly appeals to the growing voter bloc of Bitcoin supporters.In recent months, Trump began accepting Bitcoin donations, became the first-ever U.S. president to accept Bitcoin lightning payments and promised pro-crypto policies if returned to the White House. This marks a notable shift for Trump, who was previously indifferent toward Bitcoin and crypto.BREAKING: 🇺🇸 Donald Trump becomes first American President to accept #Bitcoin Lightning payments for campaign…
[ad_1] A closely followed crypto analyst believes that one Ethereum (ETH) rival is gearing up for a massive gain. Pseudonymous trader Kaleo tells his 641,800 followers on the social media platform X that Avalanche (AVAX) may be about to mirror a 2021 bullish pattern against Bitcoin (BTC). “AVAX/BTC: I still wouldn’t sleep on Avalanche here. Chart looks like it’s at a spot similar to where it was in July of 2021. Big gains to start the year, followed by months of bleeding out before it started to rip. Quiet before the storm.” Source: Kaleo/X Looking at his chart, the trader…
[ad_1] In an analysis shared on X, renowned crypto analyst Josh Olszewicz (@CarpeNoctom) forecasts a significant 33% rise in the price of Injective (INJ) based on a classic bullish chart pattern known as the inverted head and shoulders (iH&S). The chart suggests a strong reversal possibility from recent bearish trends, potentially steering the cryptocurrency’s price to new local highs. Injective Price Prepares For Lift-Off The iH&S pattern, prominently featured in Olszewicz’s chart, is a revered formation among technical analysts for predicting bullish reversals following a downward trend. This pattern is identified by three troughs: the middle trough (head) being the…