Michael Saylor, the former CEO of MicroStrategy, has made a bold declaration of faith in Bitcoin, choosing not to sell any of the company’s substantial holdings, amounting to 190,000 bitcoins valued at approximately $10 billion. This decision comes despite the company’s significant profit, given that these bitcoins were acquired at an average price of $31,224 each. In a Bloomberg TV interview, Saylor highlighted Bitcoin’s superiority over traditional assets like gold, real estate, and the S&P index, emphasizing its role as a cornerstone in the burgeoning digital economy.

Saylor’s strategy is reinforced by the role of spot ETFs in drawing institutional capital into Bitcoin, marking a pivotal shift towards digital assets. With Bitcoin’s market cap exceeding a trillion dollars, Saylor argues for its unmatched potential, steering clear of selling the asset. This approach not only cements MicroStrategy’s position as a “bitcoin development company” but also signals a broader investment trend favoring Bitcoin’s technical advantages over conventional asset classes.

Bloomberg

In a surprising turn of events just before Ethereum (ETH) soared to a new 22-month price peak, a dormant Ethereum wallet from the initial 2015 Ether ICO has been activated after eight years of inactivity. The owner of this premine wallet is now sitting on a staggering profit, with the value of their holdings reaching approximately $10.4 million, showcasing a monumental 10,000x increase. This remarkable movement was detected by Whale Alert, an automated tracker of on-chain activities, at approximately 1:48 p.m. UTC. The wallet owner transferred 1,732 Ether, valued over $5 million, to Kraken, a leading cryptocurrency exchange. This significant transaction leaves the wallet with an additional 1,733 Ether still available for sale. This event highlights a broader trend where early Ethereum ICO participants are starting to move their holdings, signaling a renewed interest and confidence in the Ethereum ecosystem. Such movements not only reflect Ethereum’s growing strength but also its enduring appeal to both early adopters and new investors alike.

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When it comes to storing your bitcoin, multisignature—or multisig for short—is widely recognized as one of the most secure methods. It can eliminate risks associated with exchanges and custodians, and simultaneously addresses the most common issues with self-custody. In this article, we’re going to walk through why you should hold your own bitcoin keys, what standard singlesignature self-custody looks like, and how multisig is an improvement for long-term cold storage.

Why Should I Self-custody?

Interest in bitcoin usually begins with recognizing it as an alternative monetary tool that remedies some of the clear dangers of conventional money, such as inflation, censorship, and…

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Max Keiser, a prominent financial journalist and avid supporter of Bitcoin, recently made headlines with his prediction of a severe stock market downturn reminiscent of the 1987 Black Monday crash, which led to a catastrophic $1.71 trillion loss globally. His tweet not only forecasts doom for traditional stock markets due to overvaluations and economic imbalances but also positions Bitcoin as the beacon of safety in turbulent financial waters. This perspective gains further weight as Keiser observes a notable shift in investment patterns, with funds migrating from gold ETFs to Bitcoin, signaling a robust confidence in cryptocurrency over conventional safe havens.

Keiser’s advocacy for Bitcoin is further amplified by similar sentiments from other crypto proponents like Michael Saylor, who openly favors Bitcoin over gold. This collective outlook underscores a significant trend towards recognizing Bitcoin’s value as a secure investment option. By challenging the traditional financial paradigms and questioning economists’ predictions on market crashes, Keiser and his peers spotlight Bitcoin’s potential to not just withstand economic downturns but thrive as an alternative financial stronghold in the face of global economic uncertainties.

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PostFinance, a prominent Swiss bank, has embraced the future of finance by launching a crypto service for its customers in Switzerland. This strategic move comes at a time when the cryptocurrency market is buzzing with excitement, especially after the U.S. approved the first spot Bitcoin ETF. PostFinance is not just opening the doors to digital currencies but is integrating them into the traditional banking experience. Customers now have access to a curated list of 11 major cryptocurrencies, such as Bitcoin, Ethereum, and Ripple, making it easier than ever to dive into the world of digital investments.

This service transcends mere cryptocurrency transactions. It introduces a novel savings plan feature, akin to conventional savings mechanisms but for digital assets. This initiative allows individuals to regularly invest in cryptocurrencies, offering a systematic approach to navigate the volatile crypto market. With options catering to both the crypto-savvy and newcomers alike, PostFinance’s latest offering is set to redefine how Swiss customers interact with their investments, blending traditional banking reliability with the cutting-edge allure of cryptocurrencies.

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