Bitcoin

Fed Vice Chair Michelle Bowman’s recent remarks signal a potential shift towards deregulation to boost credit flow. Analysts believe this preparation for a softer economy could increase liquidity, benefiting Bitcoin in the medium term, though short-term volatility is likely.

A man who invested $5 (€4) in Bitcoin every day for a year has accumulated 0.0224 BTC, worth about €1,670. The article explores the strategy of dollar-cost averaging (DCA) and its long-term potential.

Goldman Sachs is acquiring Innovator Capital Management for approximately $2 billion, a move that brings a crypto-linked ETF under its management for the first time and adds $28 billion in assets under management to its ETF division.

Elon Musk predicts that AI and robots will make jobs and traditional money obsolete within 20 years, but believes Bitcoin and energy will become the new real currencies in a post-scarcity world.

Bitcoin is trading in a narrow range amid heavy selling from long-term holders. Analyst Ali Martinez warns that a break below the $83,300 support level could trigger a steep decline to $66,900.

Fed Chair Jerome Powell’s recent speech offered no clues on monetary policy, disappointing markets. By focusing on historical inflation, Powell may have sent a subtle message about economic humility and the Fed’s independence, leaving crypto investors to navigate the resulting uncertainty.

Despite a significant price drop, Fundstrat’s Tom Lee predicts Bitcoin will hit a new all-time high by the end of January. He cites a recovering stock market and a potentially less aggressive Fed as key drivers, while his firm, Bitmine, continues to aggressively accumulate Ethereum.

The crypto market saw a major downturn on December 1, with Bitcoin plunging over 5% and erasing $160 billion in total market cap. The drop is attributed to macroeconomic uncertainty ahead of a Fed speech, tightening monetary signals from Japan, and renewed regulatory pressure from China.

The first week of December could be volatile for the crypto market, with key U.S. macroeconomic data on the docket. Events like Fed Chair Jerome Powell’s speech, the PCE inflation report, and jobs data could significantly impact Bitcoin’s price.

Portal to Bitcoin is a new project aiming to expand Bitcoin’s utility as a settlement layer through innovations like Portal OS and BitScaler. Its PTB token has recently been listed on an exchange.