Bitcoin News and Finance: What You Need to Know

Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.” Elon Musk, Tesla, and Spacex Maintain Crypto Holdings Tesla CEO Elon Musk has revealed that he still owns a bunch of meme cryptocurrency dogecoin (DOGE) and his spacecraft manufacturing company, Spacex, still owns a bunch of bitcoin ( BTC ). In a discussion on X Space last week, the billionaire said: I still own a bunch of dogecoin, and Spacex owns a bunch of bitcoin. Known in the dogecoin community as the Dogefather, the Tesla CEO has long been a supporter of the meme crypto. He previously revealed that he personally owns DOGE alongside BTC and ETH . In June 2022, Musk said that he will keep buying and supporting dogecoin. Tesla and Spacex currently accept dogecoin for some merchandise and Musk’s Boring Company also acc...

Skybridge Capital founder Anthony Scaramucci expects bitcoin’s price to surge past $170,000 next year if the price of the cryptocurrency remains at the current level until the halving in April. He expects Bitcoin halving, as well as surging institutional demand for newly listed spot bitcoin exchange-traded funds (ETFs), to boost the price of the crypto. Scaramucci Shares $170K Bitcoin Price Prediction Skybridge Capital founder Anthony Scaramucci shared his bitcoin price prediction in an interview at the Reuters Global Markets Forum on Monday. He based his price outlook on the demand for newly approved spot bitcoin exchange-traded funds (ETFs) and the upcoming Bitcoin halving. Scaramucci said: If bitcoin’s at $45,000 on the halving, where it roughly is right now, it’ll be $170,000 by mid- to late 2025. “Wherever the price is on the day of the halving in April, multiply it by four, and it’ll reach that price in the next 18 months,” the Skybridge Capital founder added. In December...

Jeremy Allaire, CEO of Circle, a stablecoin company, has declared that blockchain systems are the new infrastructure layer of the internet and that stablecoins are at its core, providing value that is “nearly instant, nearly free and global in scale.” Allaire believes this tech is reaching a level where millions can use it without having to understand its complexity. Circle’s Jeremy Allaire: Stablecoins Are the ‘Critical Element’ for a New Internet Financial System Jeremy Allaire, the CEO of Circle, the issuer of the second largest stablecoin of the cryptocurrency market, believes that stablecoins will become the pivot of a new blockchain-based economic system. In an article written as part of the World Economic Forum meetings at Davos, where Circle is participating , Allaire laid his beliefs about the future of blockchain networks and the significance of stablecoins for this surging economy. Circle’s CEO remarked that this year, the interest in blockchain networks has peaked, wit...

In the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities and Exchange Commission (SEC) sanctioned 11 spot bitcoin exchange-traded funds (ETFs). Following the buzz around the ETF approvals, attention is now shifting towards Bitcoin’s upcoming reward halving. 2024 Sees Bitcoin Reach New Heights in Online Searches Post-ETF Approval Over the previous year, dating back to the week of Jan. 15th to 21st, 2023, the search term “bitcoin” garnered a rating of 55 out of a possible 100, as shown by Google Trends. Google’s service assigns a score from 1 to 100, reflecting the search interest for a given term in a specific time and location. The scoring is relative to the proportion of searches for a term like “bitcoin” against the total search volume during ...