Bitcoin

Bitcoin is a new electronic payment system that removes the need for third party financial institutions. It speeds up transactions while reducing costs and minimizing the potential for fraud. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.

Bitcoin’s concept was first introduced in 2008 when a person going by the pseudonym Satoshi Nakamoto shared a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” In January 2009, the Bitcoin blockchain was launched. 

A new electronic payment system called Bitcoin removes the need for third-party financial institutions. It speeds up transactions while reducing costs and fraud-risk. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.   

Bitcoin has a finite supply of 21 million, which is expected to be reached by the year 2140. Currently, 18.8 million are circulating in the market. Note that Bitcoin represents the concept of the network, while bitcoin (lower-case ‘b’) represents the currency.

Bitcoin is one of the most well-known cryptos as it was the first decentralized currency. 

Currently, BTC’s dominance is above 40%. Bitcoin Dominance is a measure of how much of the total market cap of crypto is made up of Bitcoin. Bitcoin’s influence in the crypto ecosystem could be vulnerable to competition as alternative coins grow in popularity and utility.

Ark Invest CEO Cathie Wood said Bitcoin probably won't reach her previous target of $1.5 million by 2030, because of rapid stablecoin adoption.

Ark Invest's Cathie Wood Slashes Bitcoin Price Target Over Growing Stablecoin Mania

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Google to integrate Polymarket and Kalshi data in search results, JPMorgan sees bitcoin reaching $170,000, and more

Bitcoin Magazine Cathie Wood Lowers Bitcoin 2030 Target To $1.2 Million as Stablecoins Gain Popularity ARK Invest CEO Cathie Wood lowered her 2030 Bitcoin forecast from $1.5 million to $1.2 million. Cathie Wood Lowers Bitcoin 2030 Target To $1.2 Million as Stablecoins Gain Popularity Micah Zimmerman.

Cathie Wood Lowers Bitcoin 2030 Target To $1.2 Million as Stablecoins Gain Popularity

Ark Invest has adjusted its long-term bullish outlook on Bitcoin (CRYPTO: BTC) from $1.5 million by 2030 down to $1.2 million, citing the rapid rise of stablecoins as a factor for its downward revision. What Happened: In a CNBC Squawk Box interview on Wednesday, CEO Cathie Wood pointed out that with stablecoins increasingly fulfill the transactional role that ARK once expected Bitcoin to play.

Cathie Wood's New Bitcoin Target: 'Only' $1.2 Million By 2030—And Stablecoins Are To 'Blame'

In the first week of November, bitcoin's price dipped 5.68%, adding to October's 3.69% slide. The chatter this year has centered on long-resting coins suddenly waking up—something many believe has kept the market moving sideways all year. Onchain analyst James Check reports that roughly 4.

Bitcoin Holders Break Silence: 4.6 Million Dormant Coins Spring Back to Life in 2025

Bitcoin Magazine Samourai Wallet CEO Sentenced to Five Years for Operating Unlicensed Bitcoin Mixing Service Keonne Rodriguez, CEO of Samourai Wallet, was sentenced Thursday to five years in prison for operating a cryptocurrency mixing service that prosecutors say laundered $237 million in illicit funds. Samourai Wallet CEO Sentenced to Five Years for Operating Unlicensed Bitcoin Mixing Service Micah Zimmerman.

Samourai Wallet CEO Sentenced to Five Years for Operating Unlicensed Bitcoin Mixing Service

A crypto whale on Hyperliquid is about $3.1 million in profit thanks to two heavily leveraged short bets against Bitcoin and XRP.

Crypto Whale Bets Against Bitcoin and XRP With $140 Million in Shorts

Samourai Wallet developer Keonne Rodriguez was sentenced Thursday to five years in prison for his role in creating a Bitcoin mixer app.

Developer of Bitcoin App Samourai Sentenced to 5 Years in Prison

Crypto analyst Trader Mayne remains bullish on Bitcoin (CRYPTO: BTC), arguing that the recent pullback is part of a larger consolidation before the final leg higher in this cycle. What Happened: Mayne's thesis builds on several core factors: Four-Year Cycle Theory: Following Bob Lucas' framework, Mayne expects the next cycle top between late 2025 and early 2026, aligning with prior four-year cycle peaks.

Bitcoin Likely Has 'One More Leg Higher' Before 2026 Bear Market, Trader Says

Robinhood's crypto revenue rose 300% to $268 million in the third quarter, helping drive higher overall revenues of $1.27 billion.

Robinhood cautious on adopting corporate bitcoin treasury: ‘Is it the best use of our capital?'

Bitcoin BTC$101,068.19 has room to run — and fast — according to a new forecast from JPMorgan analysts who see the cryptocurrency reaching as high as $170,000 within the next six to 12 months.

Bitcoin's Fair Value Is $170K, JPMorgan Argues in Gold-Based Model

A pair of crypto influencers wagered $100K each on whether Bitcoin would rise or fall. Here's how it all went down.

How This Crypto Influencer Won a $200K Bet by Predicting the Bitcoin Crash

Call it some air slipping out what might be an AI bubble, or the Fed engineering a tightening in liquidity into a growing economic slowdown, or some combination of the two, but markets are pulling back again on Thursday.

Crypto Shares Slammed, BTC Heads Back to $100K Thursday Alongside Stock Market Selloff

Strategy Inc. (NASDAQ:MSTR) faces rising costs to maintain its massive Bitcoin (CRYPTO: BTC) treasury, with annual obligations now topping $689 million, according to a new report. Company's Bitcoin Treasury Comes With Heavy Burden Strategy Inc., formerly MicroStrategy, holds about $66 billion in bitcoin and plans to never sell its holdings.

Michael Saylor's Bitcoin Plan Has A Cost — Strategy Must Pay $689M Just To HODL

Bitcoin (CRYPTO: BTC) could rise to $170,000 within 6 to 12 months, according to JPMorgan Chase & Co. (NYSE:JPM) analysts. Analysts Say Deleveraging Phase Is Over In a note released Wednesday, JPMorgan said the crypto market has corrected about 20% from recent highs, with the Oct. 10 liquidation resetting leverage: "The deleveraging in perpetual futures now appears largely over," the report notes.

JPMorgan Says Bitcoin Has '67% Upside,' Sees $170,000 Within Next 6 Months

Bitcoin Magazine JPMorgan: Bitcoin Looks Cheap Compared to Gold, Bitcoin Price to $170,000 JPMorgan strategists say Bitcoin looks undervalued versus gold after a 20% drop in October caused by futures deleveraging and a $128 million DeFi hack. JPMorgan: Bitcoin Looks Cheap Compared to Gold, Bitcoin Price to $170,000 Micah Zimmerman.

JPMorgan: Bitcoin Looks Cheap Compared to Gold, Bitcoin Price to $170,000

Her comments come as institutions recalibrate BTC forecasts, with Galaxy turning cautious and JPMorgan projecting renewed upside.

Cathie Wood trims bitcoin bull case by $300,000 as stablecoins ‘usurp' part of its key use case

Bitcoin Magazine Robinhood Considers Adding Bitcoin as a Reserve Treasury as Crypto Revenue Surges Robinhood is weighing whether to add Bitcoin to its corporate treasury, with CEO Vlad Tenev saying the company is carefully evaluating the move despite rising crypto revenues. Robinhood Considers Adding Bitcoin as a Reserve Treasury as Crypto Revenue Surges Micah Zimmerman.

Robinhood Considers Adding Bitcoin as a Reserve Treasury as Crypto Revenue Surges

Bitcoin (CRYPTO: BTC) has fallen 12% as the S&P 500 remained flat, breaking a long-standing correlation between the two risk assets. What Happened: On-chain analytics provider Santiment shows data that Bitcoin dropped 12.2% over the past week compared to a 1.6% drop for equities.

Bitcoin Drops As The S&P500 Stays Flat: What's Behind The Divergence?

Bitcoin could climb to around $170,000 over the next 6–12 months based on its volatility-adjusted comparison to gold, according to JPMorgan.

JPMorgan sees bitcoin price reaching about $170,000 within the next 6 to 12 months

The prevailing narrative is that “OGs” or long-term holders have been offloading coins. That's true, but how much bitcoin has actually changed hands?

Dormant Bitcoin Comes Back to Life as 4.65 Million BTC Reenters Circulation in 2025

Fundstrat's Tom Lee has warned that tightening market liquidity and risk headwinds continue to weigh on Bitcoin (CRYPTO: BTC) and other cryptocurrencies. Liquidity Headwinds Drag On Bitcoin Speaking on CNBC on Wednesday, Lee said Bitcoin remains “highly sensitive to liquidity conditions” and broader market risk sentiment.

Tom Lee Says Bitcoin Is 'Highly Sensitive To Liquidity' — $94,000 May Be Next

Bitcoin Magazine Tampa Bay's Bitcoin Community Builds Circular Economy Momentum After 1 BTC Windfall The longest-running U.S. Bitcoin meetup formalizes as Bitcoin Bay Foundation, channeling Bitcoin 2023 prize appreciation into educational events, University of Tampa partnerships, and local business adoption. Tampa Bay's Bitcoin Community Builds Circular Economy Momentum After 1 BTC Windfall Juan Galt.

Tampa Bay's Bitcoin Community Builds Circular Economy Momentum After 1 BTC Windfall

Bitcoin's (CRYPTO: BTC) drop to the $100,000 mark signals fading demand and steady long-term holder (LTH) selling, according to a new report. What Happened: The market remains oversold but not capitulated, with defensive risk sentiment across spot, ETF, and derivatives markets, Glassnode reports Bitcoin has failed to reclaim the Short-Term Holders' (STH) cost basis (~$112,500) — a sign that bullish momentum has weakened.

Bitcoin's Drop To $100,000 Explained: Orderly Distribution Without Panic

More than a decade after buying 97 bitcoin for €10,000 (around $11,500) as part of a research project, the local council of Tenerife is preparing to sell the cryptocurrency for nearly €10 million.

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