Robinhood has officially released its cryptocurrency wallet for Android users, extending access to millions of potential crypto enthusiasts worldwide. This expansion comes a year after the wallet’s launch for iOS users globally, with the Android app transitioning from beta to general release, allowing all waitlisted customers to download and utilize the wallet.

Johann Kerbrat, Robinhood Crypto’s general manager, sees this Android launch as a significant advancement in the company’s mission to integrate crypto into daily life for millions globally. Robinhood’s crypto business has shown growth, with a 10% year-over-year increase in crypto revenue to $43 million in Q4 2023 and an 89% rise in notional crypto trading volume compared to the previous quarter.

The self-custodial wallet, already downloaded “hundreds of thousands of times” globally, supports various cryptocurrencies and networks, including Ethereum, Bitcoin, Dogecoin, and others. Robinhood plans to add new features based on user feedback, aiming to provide access to cross-chain swaps and lower entry barriers into web3 through partnerships with organizations like Arbitrum, LI.FI, and 0x.

Twitter

As excitement builds around Bitcoin’s future, prominent figures in finance and cryptocurrency have announced their predictions for its price in 2024. Leading the charge with the most optimistic forecast is Cathie Wood, envisioning Bitcoin reaching the $1,000,000 mark. Mike Novogratz follows with a prediction of $500,000, suggesting a belief in Bitcoin’s continued growth.

Tim Draper and Tom Lee present more conservative yet substantial predictions at $250,000 and $180,000 respectively. Robert Kiyosaki and Adam Back both share a target of $100,000, presenting a strong vote of confidence in the cryptocurrency’s appreciation.

Arthur Hayes and JP Morgan provide the most cautious outlooks, with Hayes suggesting a $70,000 value and JP Morgan rounding out the predictions at $45,000. These varied forecasts reflect the dynamic and speculative nature of Bitcoin’s market trajectory. As always, actual market performance may vary, and these predictions fuel discussions among investors and enthusiasts alike.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Michael Saylor faced obstacles before he successfully added Bitcoin to MicroStrategy’s balance sheet in 2020. 

Speaking at the 2024 Abundance360 Summit this week, Saylor revealed how he offered to buy out MicroStrategy shareholders in a Dutch action when they moved to first acquire $250 million worth of Bitcoin. 

The comments come after Saylor and his company announced earlier this week that they had purchased approximately 9,245 bitcoins for around $623 million. This latest acquisition brings MicroStrategy’s total holdings to about 214,246 BTC.

In a video clip from the conference, Saylor explained how he offered MicroStrategy shareholders the option to tender their shares back to the…

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The cumulative trading volume for U.S. spot Bitcoin Exchange-Traded Funds (ETFs) has soared past the $150 billion mark, a monumental achievement coming less than 10 weeks after the approval of Bitcoin ETFs by the Securities and Exchange Commission. This approval saw major players like BlackRock, Fidelity, and Bitwise launching their ETFs, sparking a significant uptick in Bitcoin investment interest.

Remarkably, the cumulative trading volume jumped by an additional $50 billion since March 8, peaking at $151.4 billion by the end of yesterday’s trading session. This surge is highlighted by BlackRock’s IBIT leading the charge with a $2.5 billion trading volume, closely followed by Grayscale’s GBTC and Fidelity’s FBTC.

Despite a record net outflow of $326.2 million in a single day, the market’s resilience is underscored by the ETFs’ substantial cumulative trading volumes. This trend not only reflects a growing investor appetite for Bitcoin but also signifies the cryptocurrency’s expanding mainstream acceptance and potential for long-term growth.

Data

Bitcoin is currently navigating through one of the most robust bull markets in its history, as explained by an insightful analysis from Glassnode lead analyst James Check. Despite recent bitcoin corrections, the digital asset’s resilience is starkly evident, dwarfing past cycles and reaffirming its position as a formidable asset.

Rise in Bitcoin’s MVRV Ratio

The year’s meteoric rise, witnessing a 52% surge year-to-date, has propelled Bitcoin’s MVRV (Market Value to Realized Value) ratio to remarkable heights. Notably, at $70,800, this metric soared one standard deviation above its mean, historically signaling a point where investors are incentivized to realize profits. This, in…

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Analyst James Butterfill, Head of Research at CoinShares, has recently predicted a potential positive demand shock for Bitcoin in the near future due to increased interest from Registered Investment Advisors (RIAs). This surge in demand could be catalyzed by substantial inflows of capital into the digital asset market, particularly through spot bitcoin Exchange-Traded Funds (ETFs).

A Long Way to Go

In a recent blog post, Butterfill pointed out that spot bitcoin ETFs have yet to become available to the RIA market. He explained that fund platforms commonly used by RIAs typically require three months of trading data before including newly issued ETFs. 

Notably, only the investment advisory…

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Financial independence and self-sufficiency are increasingly prized, and with Bitcoin, the ability to be your own bank is an empowering reality. People can finally bid farewell to the traditional financial behemoths they were once forced to entrust with their money. No more being nickel-and-dimed by the exploitative tactics of fiat systems controlled by central powers.

Related reading: Satoshi’s Ark and The Fiat’s House Of Cards

Be Your Own Bank: Why It Matters

Unlike banks that create money out of thin air through fractional reserve lending, Bitcoin’s monetary supply emerges from a transparent process of computational work, solidly grounded in mathematical principles rather than…

Read more on bitcoinnews

$1M – $10M MarketCap:

1. Bovineverse (BVT): 169%
2. Based Shiba Inu (BSHIB): 109%
3. Choise.com (CHO): 27%
4. Virtual Versions (VV): 25%
5. Artrade (ATR): 21%

$10M – $100M MarketCap:

1. Degen (Base) (DEGEN): 70%
2. Paysenger (EGO): 54%
3. Moonwell (WELL): 31%
4. ELYSIA (EL): 21%
5. GAMEE (GMEE): 21%

$100M – $1B MarketCap:

1. Jeo Boden (BODEN): 78%
2. Ondo (ONDO): 38%
3. Unizen (ZCX): 34%
4. Phala (PHA): 22%
5. SKALE (SKL): 20%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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