Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners
Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency.
And while Ripple certainly was the hot topic, Mr. Garlinghouse also took the opportunity to bash its main decentralized competitor, bitcoin core (BTC).
“A number of prominent people,” Mr. Garlinghouse explained, “even Steve Wozniak, has said that he sees a world where Bitcoin is the primary currency.
I don’t think that any major economy will allow that to happen.
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Bitcoin is trapped because the market is in a new phase where the old rules don’t work.
Rising gold imports signal a demand for traditional inflation hedges, weakening BTC’s dominance.
DThe post Bitcoin, DXY decouple – What this shift means for BTC's future appeared first on AMBCrypto.
On the chart, Bitcoin was trading within a bullish accumulation zone, suggesting a potential breakout.
However, there was a lull in the market, as BTC's movements appeared to have slowed down.
Bitcoin has surpassed $90,000, bouncing back from its dip below $83,000 after the crypto market crashed due to Trump’s tariff announcement. According to data from crypto.news, BTC (BTC) briefly surged to a peak price of $90,364 on March 5 at…
El Salvador bought a further 5 BTC for its national reserve, worth roughly $415,000, as the top crypto nosedived to sub-$83,000 on Monday, reversing Sunday’s price rally to $95,000. Continuing A Bitcoin Purchase Streak According to the El Salvador National Bitcoin Office, the Central American nation purchased 5 BTC, which is four more than its […]
Bitcoin forms a weekend CME gap, fueling speculation about potential post-summit volatility and regulatory outcomes.
Regulatory clarity on stablecoins or Bitcoin reserves could spur bullish momThe post Bitcoin’s recovery: Is the White House Crypto Summit driving BTC ahead? appeared first on AMBCrypto.
Earlier today, Bitcoin (BTC) dropped below $80,000 for the first time in over three months. According to data from Binance, BTC hit a low of $78,258, filling the Chicago Mercantile Exchange (CME) gap between $78,000 and $80,000.
Bitcoin bear market could commence if BTC breaks below key support levels.
With BTC bouncing from $94K to $96,200, volatility is high.
With Bitcoin [BTC] briefly dipping under $94K before reThe post Bitcoin bear market could unfold if THESE levels break appeared first on AMBCrypto.
Bitcoin mined has crossed the 19. 96 million mark, meaning over 95% of Bitcoin in existence has been issued. The largest cryptocurrency could soon experience a scarcity, amidst fast paced BTC withdrawals from exchanges.
BTC cumulative net taker volume was back in the positive.
BTC/USDT Liquidation Map from Binance revealed a significant reduction in liquidation events as the price stabilizes.
Bitcoin [BTC] The post Predicting Bitcoin's next move: Is a short-term rally in sight? appeared first on AMBCrypto.
Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]
After a period of heightened volatility due to a broader market crash, Bitcoin appears to be regaining an upside trajectory as prices continue to hold above the $102,000 mark. BTC may be demonstrating the potential for a notable rebound, but negative sentiment persists among large Bitcoin holders.
Bitcoin holder profitability offered key insights into market direction and investor sentiment.
Long-term holders maintained stability, while short-term traders and new investors showed volatilThe post Bitcoin: What THIS group's moves reveal about BTC's road ahead appeared first on AMBCrypto.
Bitcoin HODLers exited the cycle after cashing in on huge gains.
Is the dawn of a ‘new cycle’ around, or are we witnessing the end?
Bitcoin[BTC] kicked off November at $68K, but just twoThe post Bitcoin profit-taking plummets 93% since December – What’s next for BTC? appeared first on AMBCrypto.
BTC's STH MVRV seemed to be at an inflection point that could fuel or dump BTC
Options traders increased hedging activity ahead of Trump’s inauguration
Bitcoin [BTC] is at a crossroads aheThe post How Trump's inauguration could trigger a Bitcoin rally OR a crash appeared first on AMBCrypto.
MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.
El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]
Bitcoin's exchanges reserves saw an upswing with +20k BTC inflows
Bitcoin's netflow turned positive after weeks of decline
Since hitting an all-time high of $108k on the charts, Bitcoin [BTCThe post Bitcoin's exchange reserve rises as netflows turn positive - Impact on BTC? appeared first on AMBCrypto.
Bitcoin’s derivatives metrics looked optimistic.
But selling pressure remained dominant in the market.
Bitcoin [BTC] has been struggling with its price action as it has failed to satisThe post Market panic hits Bitcoin: Is a year-end BTC rally still on the cards? appeared first on AMBCrypto.
It may sound like a 2014-era shitcoin, but Globalcoin is this year’s most anticipated new digital asset. It doesn’t matter that it’s not decentralized, not permissionless, and not even crypto.