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Bitcoin and crypto's 'Elon Musk problem'

Video Credit: Bleacher Report AOL - Duration: 04:19s - Published
Bitcoin and crypto's 'Elon Musk problem'

Bitcoin and crypto's 'Elon Musk problem'

When Elon Musk tweets, the crypto world listens.

CNN’s Jon Sarlin explores the contradictions of crypto’s decentralized networks alongside the very central influence of one man.


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Bitcoin Bitcoin Decentralized digital currency

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Bitcoin Rallies, on Hopes of Renewed Interest , Among Mainstream Investors. On March 4, the price of Bitcoin broke $65,000, bringing it closer to returning to an all-time high reached in November 2021. NBC reports that the latest rally has been driven by hopes that the launch of bitcoin exchange- traded funds will expand bitcoin's pool of buyers. . In 2024, the cryptocurrency has gained over 48%, rapidly approaching its record intra-day all-time high of over $68,000. In January, Bitcoin ETFs were first approved by the Securities and Exchange Commission (SEC). . The SEC said the approval of the ETFs were meant to make it easier for investors to gain exposure to Bitcoin without having to actually own the digital coins. NBC reports that the world of crypto is also banking on a potential rally following a technical event known as "halving" scheduled to occur in April. This event will see the rate of supply for new bitcoin to decline, which could cause the value of the cryptocurrency to increase if demand remains unchanged. Some mainstream investment experts have still urged caution when it comes to investing in the controversial cryptocurrency. With equities, you own a share of a company that produces goods or services, and many also pay dividends. With bonds, you get a stream of interest payments, Vanguard statement, via NBC. Commodities are real assets that meet consumption needs, have inflation- hedging properties, and can play a role in certain portfolios, Vanguard statement, via NBC. While crypto has been classified as a commodity, it’s an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio, Vanguard statement, via NBC

Credit: Wibbitz Top Stories    Duration: 01:32Published
Bitcoin Tops $63,000 [Video]

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Bitcoin , Tops $63,000. On Feb. 29, bitcoin advanced more than 5% to $63,252.82, CNBC reports. The day before, the cryptocurrency reached $64,000 and then dropped back to $60,000. For the month of February, bitcoin is currently up 47%. The figure represents a sixth consecutive month of gains. The last time that the currency had a similar showing was in December 2020, at which time it rose 49.5%. On Feb. 28, bitcoin ETFs had "a record $677 million in daily net inflows," CNBC reports. . We’ve seen over $2 billion coming into the various bitcoin ETFs so there’s been this need to access more supply of bitcoin to build these ETFs and that ends up driving prices up particularly in the near term. , Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs, via CNBC. The second reason why you might be getting some extra momentum in the price over the last couple of days is the upcoming halving, Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs, via CNBC. Historically the halving has led to bitcoin prices increasing … past performance is not indicative of future performance, but I do think there’s this belief that the halving process will result in the same level of price appreciation, Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs, via CNBC. Bitcoin's next "halving" is scheduled for this April

Credit: Wibbitz Top Stories    Duration: 01:30Published
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Credit: euronews (in English)    Duration: 00:35Published
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Bitcoin Regains , $1 Trillion Market Cap. On Feb. 14, the cryptocurrency's market capitalization exceeded $1 trillion for the first time since 2021, CNBC reports. . Bitcoin also surpassed the $51,000 level during day trading. It hasn't reached that price since December 2021, CNBC reports. . The price increase comes on the heels of a 150% rally that occurred in 2023. The 2023 rally was in anticipation of the SEC's approval of bitcoin ETFs, which came to fruition in January 2024. However, the cost of bitcoin slumped after the ETF approval, and a new rally kicked off shortly after. That rally is currently happening as investors look toward bitcoin's "halving." . "Halving" is written into bitcoin's code and reduces the supply of the cryptocurrency every four years. The "halving" is set to take place in April. . Just this year, bitcoin is up over 21%.

Credit: Wibbitz Top Stories    Duration: 01:30Published

Elon Musk Elon Musk Businessman (born 1971)

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RGB Award Ceremony Canceled , Amid Recipient Controversy. Since 2019, the Dwight D. Opperman Foundation has presented accomplished women with the Justice Ruth Bader Ginsburg Leadership Award, NPR reports. . Previous recipients include Barbra Streisand and Queen Elizabeth II. This year, however, the foundation selected four men to receive the award, in addition to Martha Stewart. . This year, however, the foundation selected four men to receive the award, in addition to Martha Stewart. . Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone. Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone. Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone. Those men are Elon Musk, Rupert Murdoch, Michael Milken and Sylvester Stallone. Justice Ginsburg fought not only for women but for everyone, Dwight D. Opperman Foundation Chair Julie Opperman, via statement. Going forward, to embrace the fullness of Justice Ginsburg's legacy, we honor both women and men who have changed the world by doing what they do best, Dwight D. Opperman Foundation Chair Julie Opperman, via statement. Ginsburg's family condemned the foundation's recipient selection, NPR reports. . This year, the Opperman Foundation has strayed far from the original mission of the award and from what Justice Ginsburg stood for. , Jane Ginsburg, daughter of Ruth Bader Ginsburg, via statement. On March 18, foundation Chair Julie Opperman said that the April ceremony is now canceled. . This year we selected leaders in different fields. We honored men for the first time, Dwight D. Opperman Foundation Chair Julie Opperman, via statement. We thought RBG's teachings regarding EQUALITY should be practiced. We did not consider politics, Dwight D. Opperman Foundation Chair Julie Opperman, via statement. Opperman went on to say that the foundation will decide whether to continue after reevaluating its mission, NPR reports.

Credit: Wibbitz Top Stories    Duration: 01:31Published

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Former President Donald Trump's recent warning of a potential "bloodbath" if he were to lose in November has sparked widespread controversy. While numerous individuals condemned his remarks, others, including Elon Musk and former Trump chief of staff Mick Mulvaney, came to his defence, further fueling the debate surrounding Trump's statements #Trump #Bloodbath #Misquote #MAGA #ElonMusk #USelection #FullContext #MediaCoverage #PoliticalRhetoric #FactChecking #SocialMedia #PoliticalDiscourse #NewsAnalysis #PublicOpinion #PoliticalControversy #ContextMatters #TrumpSupporters #MediaBias #InformationDissemination #CriticalThinking ~PR.152~ED.103~GR.123~HT.178~

Credit: Oneindia    Duration: 03:07Published

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