Author: Anthony M. Orbison

GameStop shed nearly $3 billion in market capitalization on March 27 as investors second-guessed the videogame retailer’s plans to stockpile Bitcoin (BTC), according to data from Google Finance. On March 26, GameStop tipped plans to use proceeds from a $1.3 billion convertible debt offering to buy Bitcoin — an increasingly popular strategy for public companies looking to boost share performance. GameStop’s announcement came a day after it proposed building a stockpile of cryptocurrencies, including Bitcoin and US dollar-pegged stablecoins. Investors initially celebrated the news, sending shares up 12% on March 26. Shareholders’ sentiment reversed on March 27, pushing GameStop’s stock, GME, down by…

On Wednesday, the office of Rep. Gabe Amo issued a press release stating that Rep. Amo and Rep. Kim (R-CA) reintroduced a bipartisan resolution supporting the use of distributive ledger technologies (DLT), including blockchain, to “support democratic governance, human rights, freedom of information, transparency, and innovation around the world.” The resolution (the full text of which was not linked to in the press release) urges federal agencies to explore and support DLT and expresses Congress’ commitment to advancing responsible innovation on this technological front. Rep. Kim commented on the importance of this technology in the press release. “U.S. leadership in…

Strategy‘s Bitcoin holdings could potentially double in the near future, according to a recent Bernstein analysis that has, at the time of writing, set a rather ambitious $600 price target for the company’s stock. This particularly bullish outlook comes right after Strategy’s Q4 earnings report and also signals some significant growth potential for cryptocurrency investment amid the current market conditions we’re seeing.Source: TradingViewAlso Read: Shiba Inu Surge Eyes 61% Rally by 2025—But First, a 20% Test?Bitcoin Price Target of $600: Why Strategy’s Holdings Are Set to SurgeSource: Bitcoin.comBernstein analysts have now rated Strategy as “outperform” and they’re also projecting some…

BlackRock’s new European Bitcoin exchange-traded product (ETP) is a major step for Bitcoin’s institutional adoption in Europe, though analysts expect lower inflows than its US counterpart.The iShares Bitcoin ETP, managed by the world’s largest asset manager, began trading on March 25 on Xetra, Euronext Amsterdam and Euronext Paris.While the launch marks a significant step in bringing Bitcoin (BTC) exposure to European investors, analysts at Bitfinex said the product is unlikely to match the success of the US-based iShares Bitcoin Trust exchange-traded fund (ETF), which has seen strong demand from institutional and retail investors.SiShares Bitcoin ETP listings. Source: BlackRock“The US spot…

Bitcoin is seeing unprecedented adoption with the US establishing a “strategic Bitcoin reserve,” but some prominent Bitcoin advocates believe the project is getting away from its roots.Earlier this year, Jack Dorsey, a Bitcoin proponent and founder of Twitter, said that he believed if Bitcoin becomes just a form of “digital gold” then the project has failed. He said that a national Bitcoin reserve may be “good for the nation-state, but I don’t necessarily know if it’s good for Bitcoin.” Dorsey contended that Bitcoin needs to return to the white paper and work on becoming a form of peer-to-peer cash that can…

A French investor’s Bitcoin purchases have been making headlines lately, with The Blockchain Group recently acquiring 580 BTC for approximately €47.3 million. This rather bold Bitcoin investment strategy has now positioned the company as Europe’s leading Bitcoin treasury operation, delivering some truly extraordinary returns that many analysts didn’t see coming.Also Read: Bank of America Revises Gold Price Forecast: Check the New TargetHow Smart Bitcoin Investments Lead to Massive Returns & GrowthSource: Watcher GuruThe Blockchain Group’s Strategic Bitcoin AccumulationThe Blockchain Group, which is currently based in Puteaux, France, and also listed on Euronext Growth Paris, announced on March 26 that it…

South Korea’s Ethics Commission revealed that high-ranking public officials in the country hold an average of 35.1 million won ($24,000) in crypto assets. On March 27, the country’s Ethics Commission for Government Officials reportedly disclosed that more than 20% of the surveyed public officials hold 14.4 billion won ($9.8 million) in crypto. This means 411 of the 2,047 officials subjected to the country’s disclosure requirements hold crypto assets. The highest amount disclosed was 1.76 billion won ($1.2 million) belonging to Seoul City Councilor Kim Hye-young. The officials held different crypto assets, including Bitcoin (BTC), Ether (ETH), XRP (XRP), Dogecoin (DOGE), Luna Classic (LUNC)…

GameStop‘s Bitcoin strategy has shocked many investors right now as the gaming retailer announces plans to follow Strategy’s Bitcoin reserves approach. The move has sparked immediate and heated debates about GME price forecast amid the growing crypto market volatility, with analysts currently divided on whether this Bitcoin strategy will ultimately boost or perhaps even sink GameStop stock in the coming months.Source: sec.govOn March 25, 2025, GameStop’s board unanimously approved adding Bitcoin as a treasury reserve asset, potentially utilizing portions of its $4.6 billion cash reserves for such investments.Also Read: Bitcoin Reserves a ‘Time Bomb’—Russian Economist Warns of 50% CrashHow GameStop’s…

US President Donald Trump’s trade war with China and efforts to ramp up on-shore Bitcoin mining will be a boon for US mining rig manufacturers, which currently only hold a small sliver of market share compared to their major Chinese counterparts. The United States accounts for over 40% of the Bitcoin network’s global hashrate but still leans heavily on China-made mining rigs. China-based Bitmain reportedly holds as much as a 90% market share in the Bitcoin mining manufacturing market. “Trump’s continued focus to support the US BTC mining industry highlights the urgent need to address US reliance on foreign technology,” Auradine’s chief…

Bitcoin reserves have been labeled a “ticking time bomb” by Russian economist Valentin Katasonov, who is, at the time of writing, warning of a possible 50% bitcoin crash amid rising cryptocurrency market risks and also growing market volatility concerns.Also Read: Pepe (PEPE) & DogWifHat (WIF) Price Prediction For April 2025Russian Economist Predicts Bitcoin Crash Amid Market VolatilitySource: Watcher GuruKatasonov, who currently serves as the Chairman of the S. F. Sharapov Russian Economic Society, has cautioned against Russia developing national bitcoin reserves. The economist has also compared such initiatives to “laying landmines” in the economy, which could potentially trigger cryptocurrency market…