Microstrategy CEO Michael Saylor called Bitcoin a big tech network without the involvement of any company and that he would not sell Bitcoin. 70% of institutional investors plan to buy cryptocurrencies in the future. Elon Musk won’t dump Bitcoin. Read our weekly round up below.
The Crypto Basic: July 16, 2021
Michael Saylor said that Bitcoin is similar to big tech technology but without the involvement of any company. He compared Bitcoin with top companies like Google, Facebook or Apple. He stated: “I found Bitcoin because I had a problem, and the traditional solution didn’t look like a solution anymore.”
Crypto Potato: July 20, 2021
According to a recent survey, 7 out of 10 institutional investors asserted that they expect to purchase digital assets sometime in the future. What’s more, over half of the participants revealed they already have invested in cryptocurrencies.
CNBC: July 21, 2021
The price of bitcoin traded as high as $32,765 Wednesday, according to Coin Metrics, and last traded at 31,641, about 6% up on the day. Smaller cryptocurrencies Ether and XRP also rebounded about 6% each.
Business Insider: July 22, 2021
The bank is looking for indications that the worse in bitcoin’s price decline may be behind us, but in order to argue that the bear market is over, JPMorgan wants to see bitcoin’s valuation share of the entire cryptocurrency market rise to above 50%.
CNBC: July 22, 2021
Despite his recent criticism of bitcoin mining and its environmental impact, billionaire Elon Musk confirmed that he personally owns the cryptocurrency and has held it long-term.
Crypto News: July 21, 2021
American financial giant Goldman Sachs Group claims that nearly half of the family offices it does business with want to add digital currencies to their investments, Bloomberg reported.
Decrypt: July 16, 2021
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.
Bitcoin.com: July 23, 2021
On Friday, coinciding with the Summer Olympics opening ceremony, Muhammad Ali Enterprises and the fine auction house Sotheby’s will be auctioning a non-fungible token (NFT) that features a never-before-seen piece of original artwork created by Muhammad Ali.