The meteoric rise of Bitcoin (CRYPTO: BTC) could be far from over, according to Michael Saylor, the executive chairman and co-founder of MicroStrategy (NASDAQ: MSTR). At the Bitcoin Prague event in June, Saylor predicted that Bitcoin could eventually hit a value of $8 million per coin. Given Bitcoin’s current price of roughly $60,000, that would […]
A former cryptocurrency company plans to launch a reality television series that will follow its efforts to send people from underrepresented nations to space aboard a Blue Origin suborbital vehicle. The Space Exploration and Research Agency (SERA), formerly called the Crypto Space Agency, plans to send people from India, Nigeria and a region known as […]
Credit: Shutterstock CoreWeave, an AI hyper-scaler partnered with GPU giant Nvidia, has expanded its existing contract to rent high-performance computing capacity from Core Scientific. Core Scientific is one of the largest owners and operators of cryptocurrency mining services in North America. CoreWeave was once a cryptocurrency mining outfit itself. It pivoted away from that business […]
There are few people who can claim to be bigger fans of Bitcoin (CRYPTO: BTC) than Michael Saylor. The CEO of MicroStrategy (NASDAQ: MSTR) has become what could only be described as a Bitcoin evangelist. Over the last four years his company has embarked on a strategy of replacing all its cash on hand with […]
Bitcoin (CRYPTO: BTC) returned 150% over the past year, easily outpacing the U.S. stock market. But Bernstein analysts Gautam Chhugani and Mahika Sapra expect the cryptocurrency to move much higher in the next decade. Their price targets are listed below, along with the implied upside based on Bitcoin’s current price of $66,000. 2025: $200,000 (202% […]
When it comes to investing in cryptocurrencies, the conventional wisdom is that they are highly risky, highly speculative investments. Popular cryptocurrencies such as Bitcoin (CRYPTO: BTC) achieve stratospheric valuations primarily due to investor perceptions of their enormous future growth potential. That means they can best be compared to growth stocks, not value stocks. But what […]
Through the first five months of 2024, Solana (CRYPTO: SOL) has more than kept pace with both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). It is up 66%, compared to 65% for Ethereum and 62% for Bitcoin. That’s impressive, but the best might be yet to come. There are three key catalysts that could send […]
Dogecoin (CRYPTO: DOGE) went through some wild swings over the past three years. The cryptocurrency was launched in 2013 as a parody of Bitcoin (CRYPTO: BTC) named after the Shiba Inu dog meme. It was only worth $0.01 at the beginning of 2021, but by May 8 of that year, it had soared to a […]
If you’ve got $1,000 to invest that you don’t need for anything else in the short or medium term, and are looking at the cryptocurrency market, there are literally thousands of options. However, based on a combination of fundamentals and recent developments, Ethereum (CRYPTO: ETH) stands out from the crowd. There are several compelling reasons […]
Bitcoin (CRYPTO: BTC) rallied 154% over the past year. Several factors made that resurgence possible, including a rotation back to risk assets as recession fears diminished. However, the approval of spot Bitcoin exchange-traded funds (ETFs) certainly contributed to those gains, and they could have a more significant impact in the future. To elaborate, the Securities […]
Just a few years ago, the idea of including cryptocurrency as part of a retirement investment strategy would have been unthinkable. But, with Wall Street now embracing the idea of crypto as a stand-alone asset class, the situation appears to be changing. That’s especially true for younger investors, who appear much more willing to take […]
Analysts from a major British bank say that Ethereum (CRYPTO: ETH) should more than double from here to the end of 2024. Does this projection make sense? Standard Chartered’s bullish Ethereum analysis Geoff Kendrick, head of crypto research and emerging markets foreign exchange at Standard Chartered (OTC: SCBF.F), hung an $8,000 year-end price target on […]