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They Plan To Sell Their Car And Buy 0.15 BTC As A Bet For The Future. The Response They Got? 'Just Keep The Car' If It's Only Worth $10K
Yahoo Finance· 2026-02-22 16:15
Core Insights - The discussion revolves around the volatility of Bitcoin and the implications of selling personal assets, such as cars, to invest in it, highlighting a mix of conviction and caution among investors [1][6][7]. Group 1: Investment Sentiment - Some investors express strong belief in Bitcoin's long-term potential, suggesting that it will continue to rise against fiat currencies, with predictions of reaching $250,000 within ten years [1][2]. - A Reddit user shared their decision to sell their car to invest in Bitcoin, indicating a willingness to take significant risks for potential future gains [5]. - The sentiment among long-term Bitcoin holders is generally positive, with claims that no one has lost money if they held Bitcoin for an extended period [2]. Group 2: Cautionary Perspectives - Many commenters advise against selling essential assets like cars for speculative investments, emphasizing the importance of practicality and opportunity cost [4][6]. - The recent drop in Bitcoin's price by approximately 28% over the past month, falling to around $68,000, raises concerns about the timing of investments [5][6]. - Suggestions for dollar-cost averaging are made as a more cautious approach to investing in Bitcoin, allowing investors to mitigate risks without liquidating significant assets [2]. Group 3: Practical Considerations - The practicality of selling a car for Bitcoin is questioned, with arguments that a car is often necessary for income and flexibility, especially in the U.S. [3][4]. - Comments reflect a consensus that selling a $10,000 car for a speculative asset may not be a sound financial decision, as the potential gains from Bitcoin may not justify the loss of a necessary asset [4][6].
Global Trade Tensions Rise as USTR Confirms 15% Tariff Hike; Security Incident at Mar-a-Lago
Stock Market News· 2026-02-22 14:08
Key TakeawaysUSTR Jamieson Greer confirmed President Trump has increased the temporary global tariff rate from 10% to 15%, citing the "urgency" of the current trade deficit and a need for reciprocity.The U.S. Secret Service fatally shot an armed man who attempted to breach a secure perimeter at the Mar-a-Lago resort in Florida.Cryptocurrency markets are showing mixed results, with Bitcoin (BTC) trading down slightly at $68,076 while mid-cap assets like EOS (EOS) saw modest gains.Severe weather in the U.S. N ...
Eric Trump Says This Type Of Crypto Could 'Arguably' End Up Saving The Dollar: Will Bring In 'Literally' Trillions To US Economy
Yahoo Finance· 2026-02-21 11:00
The Trumps have placed USD1 at the center of their decentralized finance offerings through the World Liberty Financial platform. World Liberty Financial has also applied for a U.S. national banking license to issue and custody the stablecoin.The company’s World Liberty Financial USD (USD1) stablecoin is now the fifth-largest by market capitalization, valued at over $5 billion, and surpassing PayPal USD (CRYPTO: PYUSD ) and Ripple USD (CRYPTO: RLUSD ).Trump’s remarks come at a time when global investors are ...
Cantor Fitzgerald doubles down on crypto stock
Yahoo Finance· 2026-02-19 21:35
Cantor Fitzgerald significantly expanded its stake in Bitcoin (BTC) mining and AI cloud firm IREN Ltd (Nasdaq: IREN). In a Feb. 17 filing with the U.S. Securities and Exchange Commission (SEC), the financial services firm reported purchasing 3,333,423 additional shares of IREN worth nearly $171.96 million based on average quarterly prices. The move increased the firm’s quarter-end IREN holding by roughly $124.65 million, underscoring Wall Street’s growing interest in AI cloud and virtual asset plays. Fo ...
Bank of America hikes stake in sinking crypto stock by 1,668%
Yahoo Finance· 2026-02-18 17:45
Core Viewpoint - Wall Street is increasingly adopting cryptocurrencies, with major financial institutions like Bank of America advising clients to allocate a portion of their portfolios to digital assets [1] Group 1: Bank of America's Involvement - Bank of America has increased its stake in Bitmine Immersion Technologies, owning 3,162,085 shares valued at $85.8 million as of Q4 2025, representing a 1,668% increase from its previous holding of 178,808 shares [2] - The bank is recommending a 1%-4% allocation of client portfolios to digital assets, indicating a strategic shift towards embracing cryptocurrencies [1] Group 2: Bitmine Immersion Technologies - Bitmine Immersion transitioned from Bitcoin mining to establishing an Ethereum treasury, with Tom Lee from Fundstrat appointed as chairman [3] - The company aims to acquire 5% of the total ETH supply, currently holding 4,371,497 ETH, which is 3.62% of the total supply, making it the largest corporate ETH treasury [4][5] - Despite its ambitions, Bitmine is facing challenges as the market experiences a crypto winter, with ETH losing 35% of its value in the last three months and BMNR stock down 37% in the same period [5]
JPMorgan announces Bitcoin mining leader
Yahoo Finance· 2026-02-18 17:19
JPMorgan Chase analysts say a new leader has emerged in the public Bitcoin mining race, and it is not MARA Holdings. Singapore-based Bitdeer has overtaken American Bitcoin (BTC) mining giant MARA (NASDAQ: MARA) in self-mining hash rate. According to JPMorgan analysts led by Reginald Smith, Bitdeer now allocates 63.2 exahashes per second (EH/s) to mine Bitcoin (BTC) for itself, surpassing MARA’s last reported 60.4 EH/s. Exahashes (EH/s) is a unit used to measure Bitcoin mining hashrate. One exahash equa ...
Brian Armstrong Reveals Retail Users 'Buying The Dip' In Bitcoin, Ethereum: Coinbase CEO Says, 'They Have Diamond Hands'
Yahoo Finance· 2026-02-18 16:31
分组1 - Coinbase CEO Brian Armstrong highlighted the resilience of retail users during the current market downturn, noting that they have been actively purchasing Bitcoin and Ethereum during price dips [2][19] - Retail users on Coinbase have shown strong commitment, with the majority maintaining or increasing their native unit balances from December to February, indicating a long-term holding strategy [2][19] - The company is considering launching its own prediction market business, expanding beyond its current role as a retail distributor for platforms like Kalshi [1] 分组2 - A significant on-chain metric, Bitcoin Exchange Reserve, spiked before a sell-off and has since declined, suggesting that investors are withdrawing coins for long-term holding [1]
Investor Dan Tapiero says AI agents won't wire money through JPMorgan
Yahoo Finance· 2026-02-17 21:09
Core Viewpoint - Bitcoin's recent decline from $125,000 to around $60,000 has surprised investors, who anticipated a smaller correction of 20%-30% [1][2] Market Analysis - The current price of Bitcoin is approximately $65,000, with a significant long-term value identified in the $50,000-$60,000 range [2] - A major resistance point for Bitcoin is projected at $100,000, which has been a consistent target for investors [2][3] Institutional Adoption - Bitcoin has evolved into a fully institutional asset class, with spot exchange-traded funds (ETFs) attracting significant inflows [5] - An estimated 5%-10% of the total supply of major digital assets is now held in institutional formats, indicating a substantial shift in market dynamics [5] Capital Migration - There is a noted "fracturing" of speculative capital across various markets, with significant losses observed in early-stage crypto projects [4] - Speculative capital is shifting towards sectors such as artificial intelligence, robotics, and precious metals, reflecting a broader trend in investment behavior [6] Critique of the Crypto Market - The proliferation of low-quality crypto projects has been criticized for diluting investor focus and capital, leading to a negative impact on the overall market [7]
172-year-old bank cuts XRP price target after December upgrade
Yahoo Finance· 2026-02-16 21:03
Group 1 - The cryptocurrency market has experienced a significant crash, with XRP declining over 30% in the last three months and a major bank lowering its year-end price target by 65% [1][5] - XRP currently has a market capitalization of $90 billion, making it the fourth-largest cryptocurrency after Bitcoin, Ethereum, and Tether's USDT [2] - XRP is the native cryptocurrency of the XRP Ledger, launched in 2012, and was developed by members who later founded Ripple Labs [2] Group 2 - XRP has faced regulatory challenges since the SEC sued Ripple Labs in December 2020, claiming the sale of XRP tokens constituted unregistered securities [3] - A landmark ruling in July 2023 determined that Ripple's programmatic sales of XRP on exchanges were not securities transactions, although sales to institutions violated securities laws [3] - Following a settlement between Ripple and the SEC, the launch of ETFs tied to XRP initially generated optimism, but the market crash on October 10 led to a decline in enthusiasm [4] Group 3 - Standard Chartered, a 172-year-old British bank, has revised its XRP price target downwards, reflecting the ongoing struggles in the cryptocurrency market [5] - The bank's global head of digital assets research had previously predicted XRP would reach $8 by the end of 2026, but this forecast has been adjusted due to the market's failure to recover [6]
Harvard adds a surprising new favorite to its portfolio
Yahoo Finance· 2026-02-16 19:20
Group 1 - Harvard Management Company has diversified its cryptocurrency investments, moving beyond Bitcoin to include other cryptocurrencies, indicating a shift in its investment strategy [1][7] - The endowment manager's stake in BlackRock's iShares Bitcoin Trust was initially around $116 million in 2025, which was later increased to approximately $443 million, making it the largest publicly disclosed U.S. equity holding at that time [7] - Recent filings show that Harvard has reduced its Bitcoin holdings by 21%, from 6,809,091 shares to 5,351,234 shares as of December 31, 2025 [8] Group 2 - Institutional investors are increasingly entering the cryptocurrency market, facilitated by the introduction of ETFs that lower barriers for traditional players [2] - Significant outflows from U.S. spot Bitcoin ETFs were reported, with a single-day net withdrawal of $817.8 million on January 29 and $509.7 million on January 30 [3] - Despite recent volatility, large asset managers like Goldman Sachs continue to build exposure to crypto through regulated investment products, including Bitcoin and Ethereum ETFs [5]