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Bitcoin
Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
Record $6B in Bitcoin Options Set to Expire: A Look at the Options Data for April
With a record $6B in options set to expire, bitcoin traders are betting on whether BTC will settle above $80K by April’s end or fall to the “max pain” point of $44K. SFOX’s Jack Finio weighs in on bitcoin metrics to watch. Plus, will pandemic recovery bring inflation?

Investing Giant Ray Dalio Says ‘Good Probability’ Bitcoin Will Eventually Be ‘Outlawed’
Ray Dalio, billionaire investor and founder of Bridgewater Associates, said in a recent interview with Yahoo! Finance that there is a “good probability” governments will eventually outlaw bitcoin, citing the gold bans in the 1930s as precedent. Is bitcoin too big to ban?

Reasons for a Sudden Drop in Bitcoin’s Price; What’s Next
Bitcoin’s price fell about 10% with $6B in options set to expire tomorrow. Edward Woodford of Zero Hash analyzes the crypto markets, what might have been behind the BTC drop and how low it might go. Plus, a discussion of the future of IRS regulations on the crypto industry.

Bitcoin vs. Penny Stocks: How Do They Compare?
Many crypto investors seek to capitalize on bitcoin’s volatility, but how does BTC compare to another volatile asset: penny stocks? CoinDesk’s Galen Moore with data comparing their price performance and volatility. Plus, the results of a Deutsche Bank survey showing respondents with a mostly bearish bitcoin outlook.

Elon Musk Says You Can Buy Teslas With Bitcoin Now
Tesla CEO Elon Musk tweets consumers can now buy Teslas using bitcoin. "The Hash" panel unpacks the pros and cons, what Tesla plans to do with the bitcoin and the revelation that Tesla is operating Bitcoin nodes.

Serena Williams Serves Up Latest Crypto Investment in Lolli
Bitcoin rewards for shopping company Lolli has raised a $5 million round featuring Serena Williams’ fund and several other high profile influencers. “The Hash” panel discusses celebrity endorsements for bitcoin, and whether or not apps like Lolli can help mainstream users learn more about crypto.

What’s Next for Bitcoin? Levels to Watch
Delta Exchange CEO Pankaj Balani on levels to watch for bitcoin prices and how $5.5B of bitcoin options expiring Friday may impact the market.

Debit Card Rewards With Bitcoin
The Fold shopping app is issuing debit cards that offer bitcoin rewards instead of traditional reward points. Fold Growth Lead Hillary Miller breaks down how this works.

Bitcoin Price Prediction: $200K by September
Oanda Senior Market Analyst Edward Moya reacts to influential trader Peter Brandt’s bitcoin price prediction, saying BTC reaching $200K by September is a “very aggressive call.”

SpaceX Engineer 'MillionaireMike' Pleads Guilty to Insider Trading
A SpaceX engineer pleaded guilty to selling fabricated insider trading information on the dark web in exchange for bitcoin. "The Hash" panel analyzes the larger significance of this saga.
