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.
Michael Saylor, chairman of the board of MicroStrategy, which holds more than 226,000 Bitcoins on its balance sheet, estimates that Bitcoin will be $3 million by 2045 in the worst case scenario. Saylor also shared the most likely and best scenarios.
Cryptocurrency hardware wallet manufacturer Ledger announced its new device Ledger Flex today. Announced at the Bitcoin 2024 event, the device was also opened for order on the same day.
After the state of Wisconsin, which announced in May that it bought BlackRock and Grayscale’s Bitcoin spot ETF, the pension fund of the city of Jersey, which is affiliated with the state of New Jersey in the USA, will also buy from this ETF. The statement came from the mayor of the city.
Following Donald Trump’s claim at the Bitcoin Conference that he will announce the largest cryptocurrency as a reserve asset, another presidential candidate Kennedy also raised his hand. In an interview, Kennedy promised that if he becomes president, he will buy as much Bitcoin as the country’s gold reserve. The value of the total reserve in the USA, which is the largest country in the world in terms of gold reserves, is around $615 billion…
The sharp decline in Bitcoin overnight caused futures and leveraged positions to suffer serious losses. While a total of $292 million crypto positions were liquidated, a large part of them were long positions.
Bitcoin fell sharply during the night hours and went down to $63,800. The meltdown in the evening hours, especially in the US markets, is also noteworthy. Only the S&P 500 completed yesterday’s trading day with a loss of $1.1 trillion. Nasdaq also suffered its biggest loss of value since December 2022.
Tesla balance sheet, which Bitcoin investors carefully followed, was announced. In the second quarter, the company’s Bitcoin assets did not change.
While the direction in which the Bitcoin price will go is eagerly followed by the market, mining companies, which have gone through difficult times with halving, have added value to their values in recent weeks. Marathon Digital, one of the largest companies, has gained more than $2 billion in just 2 weeks.
Donald Trump, who is walking step by step to the US presidency, has become a matter of curiosity as to whom he will choose as the country’s Treasury Minister. The last name put forward after Jamie Dimon claims is Larry Fink, CEO of BlackRock, the world’s largest fund management company with $10 trillion…
While Ether spot ETFs are expected to open for trading in the US from tomorrow, ETF expert Nate Geraci, who recently drew attention to index funds, added Solana to these funds. Geraci claimed that an ETF issuer will apply for a fund containing BTC, ETH and SOL in the coming months.