Bitcoin Slides 50% From Peak as  Billion Exits ETFs

Bitcoin Slides 50% From Peak as $6 Billion Exits ETFs

This article first appeared on GuruFocus. Bitcoin’s (BTC-USD) newest selloff is exposing A significant shift within the crypto market, as retail consumers who as soon as helped cushion sharp declines seem to have largely stepped again. The cryptocurrency touched a two-week low on Tuesday and was buying and selling little modified close to $62,800, round…

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What Happens if BTC Drops to ,000?

What Happens if BTC Drops to $50,000?

Key Takeaways Strategy’s $64B Bitcoin wager faces existential strain at $50,000 per coin. Preferred dividends hit $800M yearly whereas money reserves preserve shrinking quick. Forced Bitcoin gross sales would take away the market’s largest institutional demand driver. Strategy holds 847,363 BTC as of June 22, value $50 billion+ at present costs, acquired for a complete…

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