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BlackRock CEO says fear drives crypto market rally as gold slips under $4,000

Investors are worried about increasing government debt and debasement and are flocking to gold and crypto, says Larry Fink. Summary BlackRock CEO Larry Fink makes a case for crypto and gold Investors are increasingly concerned about government debt and currency debasement Fink’s case contributes to Bitcoin’s ‘digital gold’ narrative Bitcoin’s credibility as a macro hedge…

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Why is Bitcoin price going up today (Oct 28)

Bitcoin price rose suddenly on Tuesday, Oct. 28, hitting a high of $116,200 as traders waited for the upcoming interest rate decision and Trump’s meeting with Xi Jinping.  Summary Bitcoin price jumped to $116,200 as hopes of a Fed cut rose. The US published weak consumer confidence report. Amazon and UPS announced large-scale layoffs. Bitcoin…

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Metaplanet approves $500M share buyback to boost BTC yield

Metaplanet is seeking to maximize its Bitcoin returns be exercising a massive share buyback program. Summary Metaplanet approves a ¥75B share buyback covering 13.1% of its float. Program aims to raise BTC Yield and support valuation amid market volatility. Funded by a $500M Bitcoin-backed credit facility for flexible execution. Metaplanet’s board has approved a large-scale ¥75.4 billion (~$500 million) share repurchase program as…

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S&P assigns Strategy a B- junk rating citing Bitcoin risk

In the first-ever rating for a Bitcoin treasury company, S&P just rated Michael Saylor’s Strategy Inc. a B- junk credit. Summary S&P has assigned Strategy a B- junk rating. Rating cites Bitcoin exposure, low liquidity, and concentrated risk. Marks first-ever rating for a Bitcoin treasury-focused company. S&P Global Ratings has assigned Strategy Inc., the Bitcoin-treasury company…

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Is MSTR stock a bargain as Michael Saylor’s Bitcoin buying spree continues?

MSTR stock price remained under pressure on Monday after Michael Saylor’s Strategy continued its Bitcoin accumulation.  Summary MSTR stock price has been in a strong downward trajectory this month. Strategy continued with its Bitcoin buying spree last week, scooping 390 coins. Technical analysis points to more downside after it formed a death cross pattern. Strategy…

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