X

Investment Learning

Blog

Here's How Much $100 of Bitcoin Would Be Worth If It Reaches This Billionaire's 2045 Price Target

The billionaire Michael Saylor, the executive chairman of enterprise software provider MicroStrategy (NASDAQ: MSTR), is a prominent Bitcoin (CRYPTO: BTC) bull. Saylor has positioned MicroStrategy to raise equity and debt capital in order to buy Bitcoin aggressively. Saylor, whose net worth is estimated to be about $10 billion, became bullish on Bitcoin in 2020, viewing it as a better place to park capital compared to cash.

Read More

Hong Kong approves four more cryptocurrency exchanges

Hong Kong's securities regulator on Wednesday approved four cryptocurrency exchanges in the city's latest effort to stay competitive in a race to become a global centre for digital asset trading. Hong Kong has been promoting itself as a hub for assets such as cryptocurrencies in a effort to maintain its attractions as a financial centre. The Hong Kong Securities and Futures Commission said it had granted licences to Accumulus GBA Technology (Hongkong) Co., DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology (BVI).

Read More

Bitcoin Rally Pauses After Scaling $108,000 for the First Time

(Bloomberg) -- Bitcoin took a breather after topping $108,000 for the first time as traders await an expected Federal Reserve interest-rate cut and assess a wave of optimism from President-elect Donald Trump’s support for crypto.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe largest token touched $108,315 on Tuesday before falling back to $104,775 as of 7:33 a.m. Wednesday in New York. The overall value of digital assets came within a whisker of $4 tri

Read More

As bitcoin soars, luxury brands consider accepting crypto payments

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offers. In recent weeks, upscale French luxury department store Printemps announced it was teaming up with the world's largest crypto exchange, Binance, and French financial tech company Lyzi to accept cryptocurrencies including bitcoin and ethereum in its stores in France - becoming the first European department store to do so.

Read More