Michael Saylor Announces Plan to Give Away His Bitcoin
MicroStrategy co-founder Michael Saylor aims to follow the example of Bitcoin creator Satoshi Nakamoto and make Bitcoin a currency for the people. In a recent interview, Saylor said his legacy is much more than financial. He sees Bitcoin as a fundamental economic transformation, comparing it to basic resources like metals and electricity. Saylor believes that while currencies always lose value over time, Bitcoin retains its value indefinitely, describing it as an immortal currency. Under his leadership, MicroStrategy has amassed over 252,000 Bitcoins, becoming what Saylor calls a Bitcoin bank.
Stripe Makes $1.1B Move into Stablecoins with Bridge Acquisition
Stripe has taken a big step into the cryptocurrency space with its $1.1 billion acquisition of stablecoin platform Bridge. Founded by former Square and Coinbase employees, Bridge aims to be a Stripe-like blockchain that offers developers global integration. Backed by SpaceX and Coinbase and with $54 million in previous funding, Bridge is a good fit for Stripe’s growing cryptocurrency ambitions as the company aims to expand its services through stablecoins like Circle’s USDC. The acquisition shows Stripe’s deep commitment to the future of digital payments.
The AI That Built GOAT Meme Coin Joins the Crypto Millionaire Club
This week, The Truth Terminal, an AI chatbot created by researcher Andy Ayrey, became the first AI cryptocurrency investor after introducing the “GOAT” meme coin on the Solana blockchain. Initially unnoticed, the bot gained traction after venture capitalist Marc Andreessen donated $50,000 in Bitcoin and an anonymous developer launched the GOAT token. In fact, Truth Terminal’s association with the token led to a trading rally that pushed its value to over $400 million market cap, with the AI bot holding more than $1 million. Despite not creating a token or a marketplace, The Truth Terminal has become an online sensation with 90,000 followers, combining art, currency culture, and internet fame.
Elon Musk’s Tesla Moves $776M in Bitcoin, Maintains Wallet Ownership
Tesla recently moved all of its bitcoin capital with many transactions, but blockchain intelligence firm Arkham believes the company is still storing bitcoin in new wallets it controls. Tesla invested $1.5 billion in Bitcoin in 2021 and currently owns 11,509 Bitcoins worth around $776 million. Despite previously selling a large portion of the cryptocurrency over environmental concerns, the company is still one of Bitcoin’s largest investors, behind US bitcoin miners Riot and Marathon, as well as software giant MicroStrategy. Tesla has not recently confirmed or commented on the wallet.
Bitcoin and Gold Are Paul Tudor Jones’ Hedge Against Inflation
Billionaire hedge fund manager Paul Tudor Jones recently spoke about the urgent need for the US to resolve its national debt, which has risen to nearly 100% of GDP in just 25 years. He believes the best strategy to resolve this financial crisis is to expand and eliminate the debt by investing in gold, Bitcoin, commodities, and the Nasdaq. His views are in line with other prominent investors and reflect concerns about the stability of US debt and the impact of its holders’ formal commitments to increase spending. Jones emphasized the need for a more effective way to deal with these business issues.
. . .
Are there any crypto trends and issues that seem unclear to you?
A suggestion or comment?
Or do you just need an ELI5 (explain like I am 5) on a particular crypto term or topic?
Feel free to drop us a line below and we’ll do our best to shed more light. We are always here to answer your questions.
Follow us on Twitter and Telegram for more info including notes on new crypto gems set to break out onto the big stage.
Don’t miss out!
