cryptonews: MicroStrategy currently holds 130,000 Bitcoin — that's worth about $2.72 billion at the time of writing. Overall, the company is nursing a paper loss of about $1.26 billion. What if it invested in Ether Instead of $BTC? 👀
Since both cryptocurrencies reached an all-time high in November 2021, ETH has fallen by about 67.8% from a record of $4,891.70, while BTC is down 69.5% from $68,789.
When brought together, these figures tell us that Ether has accelerated far faster than the world's biggest cryptocurrency — and has been slightly better at holding onto these gains."Mainly because the data nerd in me was interested in the data. Now you can also use it for your petty Twitter dunks on Michael Saylor. Of course hindsight is 20/20, and his decision to convert his company cash into Bitcoin could have been the greatest decision ever.
Speaking at the Blockchain Economy Istanbul Summit, Saylor said he would need to see a finished protocol function for five to ten years without a hack taking place, adding:Saylor also seems to be pretty satisfied with how Bitcoin has been holding up in the current crypto winter — and on Twitter, he shared a chart that shows BTC is now far less volatile than both the S&P 500 and the Nasdaq.
Bitcoiners on Crypto Twitter are rather unconcerned by the findings too — and argue that Ethereum's switch to Proof-of-Stake means transactions are now easier to censor. And with many of those responding to the data asking a bot to remind them of the tweet in two to three years, they seem pretty confident that Bitcoin will eventually be top dog once again.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Deribit hackers move stolen Ether to Tornado Cash crypto mixerFollowing the $28 million Deribit hack, the unknown exploiter is moving stolen funds using the decentralized cryptocurrency mixer, Tornado Cash.
Read more »
Bitcoin (BTC) Has Only Been This Oversold Twice in Seven Years: ModelLast time Bitcoin $BTC was this oversold was on Black Thursday in March 2020: Top analyst caprioleio Bitcoin
Read more »
Major South African Supermarket Chain Accepts Bitcoin Payments (Report)The South African supermarket chain and the National Children's Advocacy Center are the latest organizations to accept crypto payments.
Read more »
MicroStrategy's Bitcoin Impairement Charge Eases During Q3The company incurred a minimal bitcoin impairment charge of $727,000 in Q3, compared to the $917 million in Q2.
Read more »
Bitcoin could become the foundation of DeFi with more single-sided liquidity poolsMore options for single-sided Bitcoin staking could lead to a consolidation of decentralized exchange aggregators — meaning improved liquidity for users.
Read more »
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets – Finance Bitcoin NewsGoldman Sachs has launched a new classification system to help investors analyze crypto markets. cryptocurrency coinmetrics MSCI
Read more »