MicroStrategy, primarily known for its enterprise software and data analytics, has transformed into a Bitcoin-focused investment under the leadership of co-founder Michael Saylor. Since 2020, the company has converted most of its cash reserves into Bitcoin, amassing around 423,650 coins, valued at roughly $42.4 billion. This represents nearly half of MicroStrategy’s total Market cap of ...
Peter Schiff, a prominent banker and cryptocurrency skeptic, recently found himself in the spotlight as Bitcoin hit the $100,000 mark. Known for his skepticism about Bitcoin’s potential, Schiff initially dismissed the idea of reaching this milestone. However, as Bitcoin achieved this six-figure value, he humorously acknowledged that the “dream has come true.” Yet, he warned ...
Bond investors are increasingly confident in a potential interest rate cut from the Federal Reserve next week. This comes in response to the latest US payrolls data, which showed weak but distorted figures. The data has led to speculation that the Fed may take action to support the economy.
Oil prices steadied today after a two-day decline, as traders remained focused on geopolitical tensions in the Middle East and the overall supply outlook. Concerns over potential disruptions in oil supply are keeping market participants on alert.
