CFO of Bridgewater Associates, the world’s largest hedge fund, John Dalby has joined NYDIG to work on Bitcoin services.
Bitcoin miners generated more than $56 million on average per day in April 2021, making it the industry’s second strongest month ever.
Grayscale’s parent company authorized up to $750 million in GBTC purchases as the trust’s shares continue to trade at a discount to NAV.
Genesis Report Shows Bitcoin Market Growth
As previous halving cycles along with the fundamental nature of bitcoin show, the BTC price is set to break $60,000 and go parabolic in 2021.
Comments from the Swiss National Bank chairman signal that he does not understand the bitcoin market or is strategically downplaying it.
MicroStrategy reported first quarter revenues of $122.9 million and its equity has increased 385.59% since it adopted a Bitcoin standard.
The Federal Reserve has committed to keeping the fund rate at zero or near zero, maintaining the bull case for bitcoin.
The recent drop in bitcoin’s price has contributed to margin liquidations exceeding $1 billion.
A recent plummet in hash rate and spike in transaction fees has raised some questions about Bitcoin’s resilience. But they shouldn’t.