While its popularity has been on the rise in recent years, Bitcoin remains a subject about which the majority of people still have little knowledge. Uzmancoin.com, since 2017, has been striving to provide its readers with the fastest and most accurate Bitcoin news and content to guide them.
Bitcoin, which was introduced to the market in 2009, is considered by some as a currency, by others as digital gold, and by others as an investment or speculative asset after approximately 11 years. As a highly volatile asset, Bitcoin can serve different purposes for everyone and continues to become more widespread with each passing day.
The most important feature and value proposition of the cryptocurrency, launched in 2009 by the mysterious creator Satoshi Nakamoto, is its decentralized nature. This means that the leading cryptocurrency in terms of market value is not subject to any authority. Bitcoin derives its power from this characteristic. Its production is generally carried out today with specialized hardware known as ASICs, and the supply of Bitcoin is limited to 21 million. Bitcoin can be bought and sold through cryptocurrency exchanges or ATMs.
While its popularity has been on the rise in recent years, Bitcoin remains a subject about which the majority of people still have little knowledge. Uzmancoin.com, since 2017, has been striving to provide its readers with the fastest and most accurate Bitcoin news and content to guide them.
Bitcoin, which was introduced to the market in 2009, is considered by some as a currency, by others as digital gold, and by others as an investment or speculative asset after approximately 11 years. As a highly volatile asset, Bitcoin can serve different purposes for everyone and continues to become more widespread with each passing day.
The most important feature and value proposition of the cryptocurrency, launched in 2009 by the mysterious creator Satoshi Nakamoto, is its decentralized nature. This means that the leading cryptocurrency in terms of market value is not subject to any authority. Bitcoin derives its power from this characteristic. Its production is generally carried out today with specialized hardware known as ASICs, and the supply of Bitcoin is limited to 21 million. Bitcoin can be bought and sold through cryptocurrency exchanges or ATMs.
Turkey’s Capital Markets Board (CMB) has released a bulletin listing 58 cryptocurrency platforms that are now subject to access blocks within the country. According to the regulator, all these platforms have been operating without the necessary authorization to offer crypto asset services to users based
Howard Lutnick, known for his support of Donald Trump and who said “I have hundreds of millions of dollars worth of Bitcoin” on a program he attended before the election, will play the leading role in Trump’s selection of the new US Treasury Secretary. On the other hand, Lutnick himself, who will meet with the candidates, may also sit in this seat.
Famous analyst Arthur Hayes claimed that the US will implement a massive money printing policy under Donald Trump. Stating that not only Americans, but also Chinese, Japanese and Western European citizens will flee to ‘safe harbours’ in the coming years, Hayes said, “Bitcoin will reach $1 million like this.”
With Donald Trump winning the elections, Tesla shares also started to rise. The value of Tesla’s BTCs, which rose by 10% yesterday and 45% in the last week, has also begun to increase. The total value of the 11,500 BTCs in the company’s possession, which sold Bitcoin for $29,000 2 years ago, has exceeded $1 billion for the first time.
The founders of on-chain analysis firm Glassnode stated that correction expectations may not yet be realized after the sharp rise in Bitcoin and that there is still strength for the rise to continue. Analysts said, “When we look at profit realization levels, they are not as high as the pre-halving period.”
Crypto funds received net investments of $1.98 billion in the week that Donald Trump was elected US president. Bitcoin funds were again at the top of the list, while the total value of funds under management also reached an all-time high.
MicroStrategy, which continues to persistently buy Bitcoin, has started to reap the rewards of its investments. The company, which has been buying Bitcoin regularly since 2020 and has not yet sold, has made a profit of 100%. The opening of the company’s shares, whose market value has increased significantly in recent times, is also eagerly awaited.
The fact that employment participation in the USA was much lower than the forecasts caused some changes in the expectations from the Fed. While the market expects a 25 basis point cut from the Fed at a 99.5% rate at the meeting on November 7, the probability of no discount is almost non-existent.
MicroStrategy, the world’s largest holding of over 250,000 Bitcoins, has surpassed Coinbase in market value. Michael Saylor’s company, whose stock value has broken record after record in recent weeks, announced that it aims to raise $42 billion in funds and make new Bitcoin purchases over the next 3 years.
Mt. Gox exchange, which caused significant price drops in the cryptocurrency world with the payments it started in July. Gox exchange sent a total of 500 BTC to two unknown addresses at night. The purpose of this first transfer made by the exchange after about 1 month is not yet known.