Joseph Young
Joseph Young
Analyst, focusing on finance, cryptocurrency. Currently contributing to @forbescrypto @newsbtc @cryptoslate @cointelegraphSource
Hong Kong, China
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Here's why Bitcoin is like 'Lebron James,' according to MicroStrategy CEO

Here's why Bitcoin is like 'Lebron James,' according to MicroStrategy CEO

MicroStrategy CEO Michael Saylor draws a comparison between Bitcoin and NBA star Lebron James. 0:00 In an with economist Marc Friedrich, MicroStrategy CEO said that Bitcoin is not the same as it was in 2015 or 2017. According to Saylor, the arguments against Bitcoin () that were relevant four years ago are no longer applicable.Bitcoin has grown exponentially since the 2017 peak in terms of infrastructure, fundamentals and adoption. In the past year, institutions have started to increasingly see BTC as a store of value and an inflation hedge.In 2017, critics said Bitcoin was too volatile and...

December 4, 2020
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Analyst: this Bitcoin breakout is the "real deal" and backed by fundamental activity

Analyst: this Bitcoin breakout is the "real deal" and backed by fundamental activity

The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $22,260.94 and BTC market dominance is %. The price of Ethereum is $1,707.30 and ETH market dominance is %. The best performing cryptoasset sector is , which gained 3%. Welcome, The Bitcoin price surged past $10,000, reaching as high as $10,140 across major exchanges. The Bitcoin price surged past $10,000, reaching as high as $10,140 across major exchanges. Since the $8,000-range, many traders expressed their skepticism towards the trend of Bitcoin. The $9,500 level was expected to act as a .In 2018, when...

February 9, 2020
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New Report Shows China Dominates Bitcoin Mining, Is This a Sign of Worry?

New Report Shows China Dominates Bitcoin Mining, Is This a Sign of Worry?

BETAThis is a BETA experience. You may opt-out by Dec 12, 2019,2019 has been a relatively , generating $5.4 billion in total revenue. But, according to the year-end report of CoinShares, one country has dominated bitcoin mining throughout the year more than any other.The research paper entitled "The Bitcoin Mining Network", which explores trends, average creation costs, electricity consumption and sources in bitcoin mining, discovered that nearly 65 percent of bitcoin hashrate originates from China."Regardless of the reasons, the effect is that the current Chinese hashrate ratio is...

December 12, 2019
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