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ByteTree Exec: $15K-$35K is ‘Fair Value’ For BTC
ByteTree Asset Management CIO Charlie Morris discusses his bitcoin price outlook and why he thinks its fair value lies between $15,000 and $35,000 despite climbing higher over the past few days. “Bitcoin didn’t deserve to be over $68,000,” Morris said, adding, “it just got caught in the everything bubble.”
CleanSpark Exec on Mining Outlook, Expanding During Bear Market
CleanSpark Executive Chairman S. Matt Schultz shares insights into the state of crypto mining and why his mining firm has bought over 1,000 rigs despite the market rout. Plus, why miners are exiting their BTC positions and his take on the fallout from the crypto industry's credit crisis.
Crypto Miners Moved Over $300M BTC in 1 Day
CryptoQuant data showing miners have offloaded 14,000 BTC, worth over $300 million today, over the past couple of weeks – the greatest amount of BTC since January 2021. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Quantum Economics Exec on BTC Outlook: ‘More Short Term Pain’ Possible
Quantum Economics Director of Blockchain Market Research Alexandre Lores discusses his crypto markets outlook and why he expects “more short term pain” ahead for bitcoin (BTC), despite being a long-term bull in the “10-year play to $500,000.” Plus, his take on shorting the U.S. dollar and why it could go to zero.
Purpose for Celsius Bankruptcy Proceedings Is to ‘Stabilize the Business,’ Restructuring Expert Says
As Celsius Network's bankruptcy proceedings begin, Ropes & Gray LLP Associate Daniel Gwen discusses his take on the troubled crypto lender's current situation and restructuring plan. "The whole purpose of today's hearing and the next 30 days is really to stabilize the business," Gwen said. He added, "A lot of ... details will be uncovered over the next few months."
Gold 2.0 in Bitcoin?
Data on the performance of bitcoin (BTC) vs. gold since Wednesday shows BTC is finally doing what has long been touted — acting as the ultimate inflation hedge. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Riot Blockchain Exec on Bitcoin Mining in Texas, Energy Outlook
Bitcoin miners in Texas are halting operations as the state's power grid nears its breaking point amid an intense heat wave. Riot Blockchain Vice President of Capital Markets Philip McPherson discusses the power crisis in Texas and what this means for Riot and the wider mining community. Plus, advice for surviving crypto winter.
Bitcoin Erases Weekly Loss, Eyes Resistance at $22.6K
Bitcoin (BTC) continues to gain ground, reaching a breakeven for the week with a focus now on the resistance level of $22,600. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Key Factors Moving Crypto Markets This Week
As bitcoin's price recovers, CoinDesk Managing Editor of Technology Christie Harkin and Managing Editor of Markets Brad Keoun discuss this past week's top stories moving the crypto markets, including hotter-than-expected June inflation numbers, Mt. Gox's anticipated creditor payout and bitcoin mining hashrate dropping to new lows.
Iris Energy Exec: Celsius CEO 'Gaslighting' Network Community
Iris Energy Board of Directors Mike Alfred discusses the red flags he spotted with Celsius before its implosion and reacts to CEO Alex Mashinsky's statement on the crypto lender's bankruptcy filing to the Celsius community, saying "it's gaslighting."