• Young Buck: Youngster becomes Bitcoin millionaire

    At the age of 12, many of us were splashing our pocket money on Pokémon cards or sweets at the local corner store, but not Erik Finman.

    In 2011, instead of wasting away his pocket money, Erik decided to put his money where his mouth was after striking a deal with his parents that he’d prove he could make his fortune outside of traditional education in return for being able to skip out studying a college degree.

    But how would Erik build such wealth? Well, luckily for the 12-year-old, Bitcoin had just been launched in 2009 and data became available the following year, so after receiving $1,245 from his grandmother, Erik decided to invest in the cryptocurrency.

    At the time Erik invested, trading was at around $12 – and this gave him about 103 BTC.

    While I’m sure most kids that age would have likely been lost at how he managed to invest this money on a new emerging online currency phenomenon, it certainly paid off.

    In December 2017 – when Erik was just 18 – Bitcoin reached a high of around $20,000 and his initial $1,245 investment increased to a staggering $2.07 million. Not bad, eh?

    Reflecting on his decision that paid off massively, as an adult Erik said ‘people didn’t really get what I was trying to do’.

  • Waiting: Crypto market eagerly awaiting a breakthrough

    As the world of crypto continues to democratize, Bitvavo aims to stand out by providing essential information that helps investors navigate this complex landscape.

    Thus, their latest report highlights the importance of the $61,300 level for bitcoin! According to Bitvavo, this is the highest monthly close point of the previous bull market, which continues to play a key role in the current market dynamics. Indicators have returned to neutral values, suggesting a normal pause before a potential continuation of the upward trend.

    Bitcoin is only 6% below its peak of March 14, while Ethereum, boosted by ETF approval, shows an even better performance, being only 5% below its local high. However, Bitvavo warns that this does not guarantee an immediate climb to new records.

    Attention also turns to Solana, which recently made headlines thanks to PayPal’s announcement regarding the launch of its PYUSD stablecoin on the Solana blockchain. This decision highlights Solana’s advantages in terms of cost, speed, and practical features, and could signal growing interest from traditional financial institutions in alternatives to Ethereum.

    Their Mission in the Ecosystem

    Bitvavo does not just follow the movements of Bitcoin and Ethereum; the platform also provides insights on other cryptocurrencies, including altcoins and memecoins, which have recently seen explosive growth. Their analysis shows that while these assets can offer high returns, they also come with a corresponding level of risk, emphasizing the importance of a balanced investment approach.

    As a market leader, Bitvavo is committed to providing transparency and education, helping users make informed decisions. With intuitive trading tools and a user-friendly interface, Bitvavo has thus become a preferred choice for both beginners and experienced traders.

    Finally, Bitvavo continues to play a crucial role as a reliable information source and enabler for those looking to harness the potential of Bitcoin and other digital assets. With a clear vision and a user-centric strategy, Bitvavo is well-positioned to navigate the future of digital finance, armed with transparency and education to help users make informed decisions.

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  • Amazing Take: Analysts Predict BTC Hitting $200,000 Next Year

    Bernstein analysts Gautam Chhugani and Mahika Sapra shared their bitcoin price prediction on Friday while initiating coverage of the bitcoin-focused software intelligence firm Microstrategy (Nasdaq: MSTR). They believe BTC could reach $1 million by 2033 and forecast a cycle high of $200,000 by 2025, up from their previous estimate of $150,000.

    “We revise up our bitcoin price expectation to $200K cycle-high by 2025 (vs. $150K earlier),” they detailed, adding:

    Our base case estimates: bitcoin at $200K by 2025 … $500K by 2029 … and $1Mn by 2033.

    The analysts largely attribute their bullish price forecast to the strong demand from spot bitcoin exchange-traded funds (ETFs). “We believe that U.S. regulated ETFs were a watershed moment for crypto, bringing in structural demand from traditional pools of capital,” they opined. They estimate that by 2025, bitcoin ETFs will hold about 7% of the BTC in circulation, increasing to 15% by 2033.

    Moreover, the Bernstein analysts explained that the Bitcoin halving creates a unique scenario where the natural sell-pressure from bitcoin miners is reduced by half, or even more as they hold onto more bitcoin in anticipation. Simultaneously, new catalysts for bitcoin demand emerge, leading to exponential price increases. They further shared:

  • Big Talk? Bitcoin is king, the rest is just hot air

    According to Pablo Ardoino, Bitcoin is a unique example of a currency governed solely by math, a fact that makes it inherently decentralized.

    During his interview with Cointelegraph, he stressed that Bitcoin fundamentally cannot be altered, which sets it apart from other digital currencies.

    “With other currencies, you see that there is a group of developers who come every month. They release a new software version, they can change monetary policy, inflationary, deflationary, and they continue to change things,” said Ardoino. In contrast, Bitcoin offers a rare certainty and stability, making it a trusted currency for investors and users.

    Bitcoin’s decentralization

    Decentralization is one of BTC’s most valuable features. Unlike other digital assets that undergo constant updates and changes by developer groups, Bitcoin remains unchanged.

    Indeed, this stability is due to its robust infrastructure and secure protocol, designed to withstand sudden changes.

    The CEO of Tether noted that Bitcoin’s true decentralization makes it unique and practically impossible to replicate in the current crypto landscape. This rarity and stability explain why BTC has stayed at the top of the market for so long, even in the face of growing competition.

    Bitcoin has proven its resilience and ability to maintain its leading position in the crypto universe. In March 2024, it reached an all-time high of $73,000, once again demonstrating its robustness and popularity.

    Pablo Ardoino also pointed out that it is unlikely another digital asset will surpass BTC due to the strength of its infrastructure and the trust it inspires.

    Despite numerous attempts by other cryptocurrencies to compete with Bitcoin, none have succeeded in achieving the same level of decentralization and stability. This reality bolsters Bitcoin’s position as the undisputed king of cryptocurrencies, a position it seems poised to maintain for years to come. Meanwhile, Tron dethrones Ethereum.

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  • USA Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds

    The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed to deliver the promised cryptocurrency.

    Despite assurances that the funds were safe, McDonald had diverted the money to her personal accounts, family, friends, and other entities. Only $2.4 million was recovered by the third party, with $1.6 million remaining unreturned.

    The court found McDonald guilty of numerous violations of professional conduct, including dishonesty, fraud, and failure to safeguard client funds. Her petition to voluntarily retire was denied, and the court’s unanimous decision resulted in her disbarment.

    Source: Bitcoin News

  • Bitcoin on the downlow: Possible reasons

    Bitcoin, being the king of the crypto jungle, has been on a higher move for days. However, for a few days this week, it is bowing low. what could be the possible reason why Bitcoin King is bowing low?

    CoinMarketCap Reveals New Weekly Low for Bitcoin Price

    According to data from CoinMarketCap, Bitcoin price is trading at $65,423.17 with a 3.1% drop within the last 24 hours. This level is the lowest that the coin has seen in more than a week. This drop led to a flurry of crypto long position liquidations that topped more than $100 million in an hour and over $150 million over the past day. Several factors with a compounded effect are contributing to the Bitcoin price slump at the moment.

    1. Some whales are dumping their Bitcoin holding
    2. Low mining revenue which recently began after the Bitcoin halving event that held in April

    These events triggered the selling pressure that Bitcoin is also experiencing. Bitcoin hashrate is also showing signs of a decline as more resources are now required to mine a block. In all, the a surge in over-the-counter (OTC) sales of Bitcoin cannot be discounted in the current price effect.

  • Banksters Paradise (A Bitcoin song)

    Get out of the Banksters paradise & get into the Bitcoin paradise – We spend our lives living in a Banksters Paradise, a world where Banksters can Print infinite amounts of money, where they can socialise losses & privatise profits. A world where fraud is a business model and the rule of law does not exist. All the world’s greatest problems stem from this corrupt system, but there is now a solution BITCOIN!. Bitcoin takes away the control of the financial system from the oligarchy & Kleptocracy’s that want nothing more than privatise the worlds wealth & control your every action.

  • Whoa!!! Bitcoin Whales Scoop Up $1.4B In 24 Hours…Saylor’s Next

    Amazing moves by Whales who know how.

    It’s a big trick. Watch the video now.

    Click here to watch.

    Talking about Bitcoin purchase, Whales, micro strategy, cryptosur and more.

  • Notable Quote Now: When Bitcoin clears $80k…