Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 1166178 times)

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12175 on: July 22, 2025, 10:02:22 PM »
ETH's ETF inflows have been decent. $533.0 million today vs BTC's -$68 million. BlackRock's fund is now at $8.583.2 billion and Fidelity at $2.131 billion.

https://farside.co.uk/eth/
https://farside.co.uk/btc/

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12176 on: July 23, 2025, 01:46:04 AM »
Skycorp announces strategic reserve of Ethereum

Skycorp Solar Group, a solar energy company listed on NASDAQ, will participate in the reserve of Ethereum (ETH).

According to GlobeNewswire on the 22nd (local time), Skycorp announced in a press release that it plans to start a strategic reserve of Ethereum using a portion of its cash holdings and returns from renewable energy investments.

In addition, the company plans to adopt cryptocurrencies such as Bitcoin (BTC), Ethereum, USDC, and Tether (USDT) as payment methods for international transactions.

https://bloomingbit.io/en/feed/news/93343

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12177 on: July 24, 2025, 08:22:05 AM »
Strategic ETH Reserve up over $2 billion in 4 days.

Now at $8.6 billion



https://www.strategicethreserve.xyz/

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12178 on: July 24, 2025, 11:37:14 AM »
Bitmine Plans To Invest Over $2 Billion In Ethereum with Stock Sale

Bitmine plans to increase its Ethereum holdings from $2 billion to $4.5 billion through a stock sale.

Bitwise predicts $20 billion in institutional ETH investment over the next year, and Bitmine would represent over one-fifth of this.

Bitmine was initially a Bitcoin mining firm, but this industry has become less profitable in recent months.

https://beincrypto.com/bitmine-ethereum-investment-cantor-fitzgerald/

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12179 on: July 24, 2025, 02:02:31 PM »
Bitmine Plans To Invest Over $2 Billion In Ethereum with Stock Sale

Bitmine plans to increase its Ethereum holdings from $2 billion to $4.5 billion through a stock sale.

Bitwise predicts $20 billion in institutional ETH investment over the next year, and Bitmine would represent over one-fifth of this.

Bitmine was initially a Bitcoin mining firm, but this industry has become less profitable in recent months.

https://beincrypto.com/bitmine-ethereum-investment-cantor-fitzgerald/
Sam Tabar is the CEO of BitDigital, and they mined BTC for years. They are still mining but have pivoted toward ETH. They said they will continue mining BTC until it is no longer profitable, at which point they'll shut down the machines—after which they’ll essentially become paperweights. He had a meeting with Michael Saylor who told him BTC mining is a shit business and that he should just buy BTC instead. He told Saylor he agreed with him, but that he will buy ETH instead. Saylor gave him a dirty look and the meeting went south after that.  ;D

He talks about it in this video.


Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12180 on: July 24, 2025, 11:39:00 PM »
Sam Tabar is the CEO of BitDigital, and they mined BTC for years. They are still mining but have pivoted toward ETH. They said they will continue mining BTC until it is no longer profitable, at which point they'll shut down the machines—after which they’ll essentially become paperweights. He had a meeting with Michael Saylor who told him BTC mining is a shit business and that he should just buy BTC instead. He told Saylor he agreed with him, but that he will buy ETH instead. Saylor gave him a dirty look and the meeting went south after that.  ;D

He talks about it in this video.



Good video! Some interesting points:

- Saylor mentioned bitcoin mining is a 'shit business.'
- Tabar agrees, difficult to make a profit, could see more bitcoin mining pivoting to ETH or closing down.
- Saylor holding 2-3% of Bitcoin.
-  This poses a 'giant key man risk.'
- ETH Strategic Reserve is at least split between many competing players and ownership is far less centralised.
- Saylor telling Tabar 'ETH is going to zero' shows he's just a regular delusional maxi.

On a side note, Saylor was also one of those claiming 'ETH is a security' and siding with Gensler in his witch hunt against Ethereum and Consensys.

Joe Lubin has mentioned in several interviews that they were 'advised' to keep quiet which is why the Ethereum Foundation, Consenys and other ETH projects had to be punching bags for the past few years as they were unable to defend themselves.

Lubin also said the Biden administration were actively trying to destroy Ethereum and defi, and they were facing constant harassment from the SEC. Even receiving a subpoena. He says regular ETH developers were worried about receiving subpoenas!

Gensler and the SEC under his watch did a HUGE amount of damage to Ethereum, which is now having to play catch-up for several lost years.

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12181 on: Today at 04:40:02 AM »
Good video! Some interesting points:

- Saylor mentioned bitcoin mining is a 'shit business.'
- Tabar agrees, difficult to make a profit, could see more bitcoin mining pivoting to ETH or closing down.
- Saylor holding 2-3% of Bitcoin.
-  This poses a 'giant key man risk.'
- ETH Strategic Reserve is at least split between many competing players and ownership is far less centralised.
- Saylor telling Tabar 'ETH is going to zero' shows he's just a regular delusional maxi.

On a side note, Saylor was also one of those claiming 'ETH is a security' and siding with Gensler in his witch hunt against Ethereum and Consensys.

Joe Lubin has mentioned in several interviews that they were 'advised' to keep quiet which is why the Ethereum Foundation, Consenys and other ETH projects had to be punching bags for the past few years as they were unable to defend themselves.

Lubin also said the Biden administration were actively trying to destroy Ethereum and defi, and they were facing constant harassment from the SEC. Even receiving a subpoena. He says regular ETH developers were worried about receiving subpoenas!

Gensler and the SEC under his watch did a HUGE amount of damage to Ethereum, which is now having to play catch-up for several lost years.
Good summary!

https://cryptorank.io/news/feed/868c8-sec-atkins-declares-eth-is-not-a-security

SEC’s chair Paul Atkins says that Ethereum is not a security

Paul Atkins, chairman of the US Securities and Exchange Commission (SEC), has clarified that Ethereum is not a security. He said that securities laws will not apply to Ethereum. However, the SEC is yet to take a formal stance.

According to Atkins, the SEC is informally classifying Ethereum in the same category as Bitcoin, branding them as commodities. He said, “Similar to Bitcoin, I mean the SEC has stated informally more than formally that Ether is not a security. And so but it’s obviously the ETH blockchain is a very key component for a lot of other digital currencies.”

obsidian

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12182 on: Today at 04:48:52 AM »
$4,000 Is Ethereum's Last Hurdle Before Price Discovery, Says Galaxy Digital's Mike Novogratz

  • The CEO believes reduced ETH supply and new ETH treasury firms will help push Ethereum ahead of Bitcoin in coming months.
  • Galaxy Digital’s ETH inflows surged in mid-2024, aligning with a broader trend of institutional accumulation in Ethereum.

"If ETH takes out 4,000, it goes into price discovery," Novogratz said. "The market was really short ETH, and now we have major treasury companies raising capital and buying Ether. There's not a lot of supply."

https://www.benzinga.com/crypto/cryptocurrency/25/07/46627175/4000-is-ethereums-last-hurdle-before-price-discovery-says-galaxy-digitals-mike-novogratz

Griffith

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Re: Bitcoins - about to hit $5,000 per coin today!
« Reply #12183 on: Today at 06:01:43 AM »
$4,000 Is Ethereum's Last Hurdle Before Price Discovery, Says Galaxy Digital's Mike Novogratz

  • The CEO believes reduced ETH supply and new ETH treasury firms will help push Ethereum ahead of Bitcoin in coming months.
  • Galaxy Digital’s ETH inflows surged in mid-2024, aligning with a broader trend of institutional accumulation in Ethereum.

"If ETH takes out 4,000, it goes into price discovery," Novogratz said. "The market was really short ETH, and now we have major treasury companies raising capital and buying Ether. There's not a lot of supply."

https://www.benzinga.com/crypto/cryptocurrency/25/07/46627175/4000-is-ethereums-last-hurdle-before-price-discovery-says-galaxy-digitals-mike-novogratz

"The narrative of ETH is really powerful. There's not a lot of supply of ETH. I think ETH outperforms BTC in the next 6 months." - Mike Novogratz

Meanwhile they've sold almost a $1 billion BTC, possibly pivoting to ETH?