Odell Beckham Jr. has seen his 2021 salary, received in bitcoin, rise in value as Bitcoin reaches upwards of
$90,000. This is largely credited to optimism surrounding Trump announcments, with his pro-crypto promises leading to new record Bitcoin prices, benefiting crypto billionaires, which includes
MicroStrategy's Michael Saylor. The company's $2 billion Bitcoin purchase is its largest since 2020 and has driven US convertible returns. According to an
FDIC poll, Bitcoin users are predominantly wealthy, white, and banked. A postelection rise coupled with investor interpretation of inflation data saw Bitcoin top $93,000. Bitcoin mining stocks such as MARA Holdings, Riot Platforms, and CleanSpark have experienced varied results. In other news, a senior Federal Reserve official has vowed to approach Bitcoin with an open mind despite previous criticisms, and despite low expectations from the likes of Novogratz, talks of a Bitcoin strategic reserve under Trump have surfaced. Retail investors can reduce their future crypto taxes by creating a cryptocurrency payment strategy - important when Bitcoin and stocks continue to set records. Prices are expected to surge further given increasing positive correlation with certain stocks. Bitcoin's ongoing rally has been spurred by Trump's tariff expectations and promises to ease crypto regulations, some analysts predict that prices could hit $100,000 before the year ends.
Bitcoin News Analytics from Sun, 10 Nov 2024 14:11:21 GMT to Wed, 13 Nov 2024 22:14:00 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor 2
