Tag: Bitcoin

Nvidia Tanks, Bitcoin Still Banks: Analysts Stay Bullish Amid $600B Stock Wipeout

Summary: The collapse of Nvidia’s stock shaved $600 billion off the U.S. markets, causing a stir in both the tech and crypto sectors. Yet analysts are still vibing with Bitcoin, betting on its long-term potential even as the storm rages on.

The tech world has just been hit with some heavy reality after Nvidia’s stock nosedived 17% to witness the jaw-dropping loss of a whopping $600 billion in the U.S. markets. Why? For a new AI tech thrown by DeepSeek into the scene to throw Nvidia shade off its dominance. BTC also slipped below $100K and altcoins nose-dived following it.

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Even the AI crypto sector wasn’t safe, dropping by 12%. But here’s the plot twist: analysts aren’t sweating it. Arthur Hayes, BitMEX boss, predicted this shift, saying investors would ditch U.S. stocks for decentralized assets like Bitcoin.

Markus Thielen from 10x Research is backing BTC to make a comeback. He argues Bitcoin vibes more with global liquidity than tech drama. With $38 trillion in global liquidity floating around, he’s confident BTC can hit $130K–$190K this cycle. The return of ETF inflows after the Fed hinted at possible rate cuts has analysts saying, “It’s Bitcoin’s time to shine.”

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Bottom line? While Nvidia struggles, Bitcoin’s got the staying power to thrive. Don’t count it out just yet.

Arizona’s Bold Bet: Bitcoin Reserve Act Advances in State Senate

Summary: The state of Arizona is all set to delve deep into the crypto-powered future! The Arizona Senate Finance Committee, in a vote of 5-2, gives its nod to the “Arizona Strategic Bitcoin Reserve Act” or SB1025. When fully passed, this position is going to enable Arizona to invest up to 10% of its public funds in Bitcoin and other digital assets, making it the first US. state to integrate Bitcoin into its financial strategy.

Arizona just made a bold move in the crypto space. The Senate Finance Committee has passed SB1025, nicknamed the “Arizona Strategic Bitcoin Reserve Act.” This bill, co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, aims to let the state allocate up to 10% of its public funds—including treasury and retirement reserves—into Bitcoin.

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Next, the bill will go before the Senate Rules Committee where it will be perfected, then head to the full Senate. Then, off it goes to the Arizona House of Representatives for further debate and possible approval.

When signed into law, Arizona would officially be the first US state to bring Bitcoin into its financial system. It would provide for the basic storage of the cryptocurrency so everything remains tight and responsible.

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Dennis Porter, CEO of the Satoshi Action Fund, says Arizona’s move isn’t isolated—eleven other states are exploring similar ideas. This aligns with the federal government’s recent crypto-friendly policies, including the Senate’s confirmation of Bitcoin supporter Scott Bessent as Treasury Secretary. Arizona seems ready to lead the charge in blending crypto and state finance!

MicroStrategy Just Dropped $1.1B on BTC—Now Holds 471,107 Coins

Summary: MicroStrategy has just gone large, adding an additional 10,107 BTC to a collection worth a cool 1.1 billion dollars on average, bought at $105,596 per coin. Altogether, it brings the company’s stash to a total of 471,107 BTC at the time of this writing. Now holding $30.4 billion worth of Bitcoin on their books, the company is doubling down on believing in BTC after the crypto turbulence.

MicroStrategy isn’t just stacking sats; they’re going all in. The company added another 10,107 BTC to its reserves this week, spending a cool $1.1 billion. They financed this monster buy by selling over 2.7 million shares, bringing their total Bitcoin holdings to 471,107 coins, worth $30.4 billion. The average price? $64,511 per coin.

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And this isn’t their first big move this month. Earlier in January, they bought 24,707 BTC, pushing their monthly total to 34,814 BTC. CEO Michael Saylor’s strategy? HODL through the ups and downs and keep proving Bitcoin is king.

The timing’s bold, though. The crypto market’s been rough, with Bitcoin leading a 5.37% drop in global market cap, now sitting at $3.42 trillion. Buzz around China’s AI-powered DeepSeek app has pulled some investor attention away, but MicroStrategy seems unfazed.

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Long story short: MicroStrategy’s playing the long game, betting big on BTC as the ultimate digital gold.

MicroStrategy Faces Potential Billion-Dollar Bitcoin Tax Dilemma

MicroStrategy might owe billions in taxes on unrealized Bitcoin gains due to new CAMT rules, risking its long-term hodl strategy.



MicroStrategy’s Bitcoin obsession might backfire big time, thanks to new tax rules under the 2022 Inflation Reduction Act. The Corporate Alternative Minimum Tax (CAMT) slaps a 15% tax on financial income, even if no Bitcoin is sold. Since the company’s Bitcoin stash is worth over $18 billion, their tax bill could hit $4 billion if the IRS doesn’t cut them some slack.

Here’s the deal: unlike regular Bitcoin hodlers who only pay taxes when they sell, MicroStrategy could be taxed on paper profits. While the IRS excludes unrealized stock gains from CAMT, they haven’t done the same for Bitcoin yet. MicroStrategy’s pushing for Bitcoin to be treated like stocks, but it’s a toss-up whether the IRS will budge.

Making it worse, new accounting rules mean MicroStrategy has to report Bitcoin’s market value, which pumps up earnings—and taxes. If they can’t get an exemption, they might have to sell Bitcoin, which totally kills their hodl-and-chill vibe.

Still, with IRS rules up in the air, MicroStrategy is stuck waiting. The Bitcoin tax saga shows just how dicey it can be to pay taxes on super-volatile assets. One wrong move, and the company’s future could be shaky.

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Silk Road Founder Ross Ulbricht Walks Free After Trump Pardon

Summary: On January 21 of this year, former US President Donald Trump pardoned Ross Ulbricht, the founder of the infamous Silk Road, for his alleged ‘ridiculous’ life imprisonment. He was set free on that night after serving 12 years in prison. Elon Musk tweeted, “Honored to witness this historic moment.”.

Ulbricht is the founder of Silk Road back in 2011; he was arrested in 2013 for operating the dark web platform responsible for facilitating drug transactions, weapon sales, and other criminal activities using Bitcoin. His sentencing of 40 years plus two life terms has long been debated by members of the crypto community. The activist Amir Taaki and the venture capitalist Tim Draper also voiced support for freeing him from prison.

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Trump’s pardon came after lobbying from Ulbricht’s mother and support from the Libertarian Movement; thus, it was a strategic move to win over the crypto community, which sees Ulbricht as a Bitcoin pioneer. Trump announced the pardon via Truth Social, stating the sentence was “crazy.

Ulbricht’s presence in Bitcoin was undeniable. Whatever the controversial activities he did, certainly he was the pioneer who showed Bitcoin’s potential and capability beyond what the traditional system can offer. This release brought about mixed feelings as debates on justice, freedom, and crypto’s position toward the future did.

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Rumble Dives Into Bitcoin with $20M Crypto Plan

Rumble, the Tether-backed, Nasdaq-listed video-sharing app, just made its first-ever Bitcoin buy. CEO Chris Pavlovski dropped the news on Friday, January 17, confirming that the company officially kicked off its $20M Bitcoin investment strategy.

While Pavlovski didn’t spill the exact amount of Bitcoin they snagged, he made it clear this is just the beginning. The goal? Strengthen Rumble’s reserves with the OG crypto. Pavlovski called Bitcoin a boss move against inflation and pointed to its growing fanbase in the corporate world as a reason to stack sats.

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Rumble is now part of a bigger trend, joining companies like MicroStrategy and Marathon Digital in using Bitcoin to beef up their treasuries. For investors, it’s giving “Bitcoin ETF vibes” but with added spice.

With 67 million active monthly users, Rumble is carving out its own space as a YouTube alternative, thanks to its chill content moderation rules. And last December, Tether dropped a massive $775M investment into the platform, fueling its glow-up.

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Oh, and Rumble’s crypto flex doesn’t stop here. It also teamed up with El Salvador on cloud services, doubling down on its blockchain bromance.

This move? Peak “we’re in our Bitcoin era” energy.

Dan Tapiero Predicts Crypto Market Will Reach $10 Trillion by 2025

Macro investor Dan Tapiero has predicted explosive growth in the cryptocurrency market, projecting it to rise from $3.6 trillion to $10 trillion by 2025.

Tapiero believes Bitcoin will contribute $5 trillion to this growth, with other cryptocurrencies adding $2–$3 trillion. He also sees crypto-related businesses generating an additional $2–$3 trillion.

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He thinks this surge was driven by the pro-business climate promoted through the United States government under President-elect Donald Trump. This, he said, “considers capitalism and efficiency as paramount concerns,” hence bringing the spotlight and confidence to the digital assets.

Another unexpected turn: Elon Musk will head the new Department of Government Efficiency, DOGE. This appointment will amazingly lift productivity and, by consequence, corporate profits and overall US economy, he says. Among other benefits: lower interest rates, strong dollar, and decreased federal deficits.

According to Tapiero, supportive policies of influential leaders such as Musk are important to guarantee the process of innovation and long-term growth in this field.

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He also said that if the business conditions are right and with an inflow of new ideas, under proper conditions, the crypto market will reach unimaginable heights, with a position as one of the bedrocks of global economics.

XRP Could Overtake Ethereum in Market Cap, Says Messari Analyst

According to Messari analyst Sam Ruskin, XRP is on its path to flipping Ethereum’s market capitalization. In a post published on X today, the analyst said a couple of factors are most likely going to drive this movement: excitement after elections, a potential XRP ETF filing, and interest in “boomer coins” like XRP.

In that sense, XRP is up 460% since the U.S. election in 2024-a further sign of very strong investor confidence, says Ruskin. He went on to say it might also mean another big bout of buying in XRP, akin to the post-election rally in 2016 before Donald Trump’s inauguration.

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Whispers of a U.S.-based XRP ETF filing and favorable new tax rules for U.S. crypto projects add to market optimism. Ruskin also noted the trend of a resurgence in the legacy cryptocurrencies such as XRP, Hedera (HBAR), and Cardano (ADA) while Ethereum is failing to keep up with declining demand and a fragmented community.

Ethereum’s price remains 30% below its all-time high, with high open interest failing to translate into market growth. In contrast, XRP’s open interest aligns more closely with its price performance, reflecting stronger demand.

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Ruskin predicts XRP’s value could climb by 35-50% in the coming months, potentially bringing its market cap closer to Ethereum’s $415.3 billion from its current $187.4 billion.

Wyoming Proposes Bitcoin Strategic Reserve to Lead Financial Innovation

Wyoming, a pioneer in cryptocurrency legislation, has taken another step forward. Representative Jacob Wasserburger has filed the “State Funds-Investment in Bitcoin Act” (HB0201), a bill that would let the state invest a portion of its funds in Bitcoin to establish what’s called a Bitcoin Strategic Reserve and finally show some real financial independence and innovation for Wyoming.

Wyoming has always led the way – from women’s suffrage to the frontier of digital assets,” said Wasserburger. He indicated that such a bill would create some long-term advantages for the state while securing its leadership status with respect to Bitcoin legislation.

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Since 2018, Wyoming has implemented more than 20 crypto-friendly laws, including the famous SPDI framework. Wasserburger claims that HB0201 is the next step to actually enact two of the core values of Bitcoin: decentralization and financial resilience.

Other states, such as Texas and Pennsylvania, are considering similar moves, but Wyoming is at the forefront. Wasserburger is also the backer of federal legislation that would create a U.S. Strategic Bitcoin Reserve to help the country’s financial security in the new digital world.

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“Bitcoin represents financial strength and innovation,” Wasserburger said. “Wyoming must act now to stay ahead.

If passed, HB0201 would further cement Wyoming’s leadership in Bitcoin and likely spur other states to similar action, pushing the entire nation forward with respect to digital finance.

Could Bitcoin Education Be El Salvador’s Game-Changing Strategy?

El Salvador’s Bitcoin education, led by Stacy Herbert has fueled in many jobs, tech vibes, and optimism, redefining its future as Bitcoin central.

El Salvador made waves about four years ago when President Nayib Bukele said, “Yep, Bitcoin is now legal tender here,” putting it on equal footing with the country’s currency. Fast forward, the country’s all-in on crypto: a $630M Bitcoin reserve, plans for $1B in Bitcoin bonds, and even Tether shifting its HQ to El Salvador.

The real flex? Their Bitcoin education program. Stacy Herbert, who heads El Salvador’s Bitcoin Office, calls it a game-changer. They’re training up Bitcoin developers, and Herbert’s vibe is clear: “We need Bitcoin engineers, and we’re making them.” From high school classrooms to government offices, Bitcoin’s becoming part of everyday life. Students learn to run Bitcoin nodes, use mining rigs, and snag tech jobs that pay $4,000/month (vs. $600 for regular CS grads).

Even 80,000 government workers completed Bitcoin courses, and next up is AI and robotics classes for kids. El Salvador’s leveling up hard. Companies like Tether and Bitfinex are loving it, hiring local talent.

Despite tweaks to its Bitcoin wallet policy, the government’s still stacking sats—buying 1 Bitcoin daily and preparing for global crypto leadership. Herbert sums it up: “Good times are coming.

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