Author: Anthony M. Orbison

Covenant : a usually formal, solemn, and binding agreement.  This word has become one of the most charged words in the Bitcoin space. They’re the best thing since sliced bread. They’re the most dangerous thing since the atom bomb. They aren’t really going to do anything to scale Bitcoin, but they’re neat.  Everyone has a completely different attitude towards them. We have the pro-faction, the anti-faction, the ambivalent faction. To make matters worse, covenant is frankly a very vague term in its description of mature and concrete proposals to the protocol that would be classified as covenants.  The degrees of…

In what is a rather surprising global development, North Korea has reported surpassed El Salvador in total Bitcoin holdings after its most recent $1.4 billion Bybit hack. Indeed, Arkham Intelligence reported that the Lazarus hacker group currently holds 13,518 BTC, more than the governments of the Central American nation and Bhutan.The Lazarus group completed the $1.4 billion theft in February, and it has propelled the nation’s Bitcoin holdings. El Salvador currently holds just 10,635 BTC, while Bhutan holds more than 6,000 BTC. Indeed, both countries have sought to integrate the leading cryptocurrency in their financial operations as a nation.Source: Watcher…

Bitcoin (BTC) has fallen 12% since March 2, when it nearly reached $94,000. Interestingly, during the same period, the US dollar weakened against a basket of foreign currencies, which is usually seen as a positive sign for scarce assets like BTC. Investors are now puzzled as to why Bitcoin hasn’t reacted positively to the declining DXY and what could be the next factor to trigger a decoupling from this trend.US Dollar Index (DXY, left) vs. Bitcoin/USD (right). Source: TradingView / CointelegraphUp to mid-2024, the US Dollar Index (DXY) had an inverse relationship with Bitcoin’s price, meaning the cryptocurrency often rose…

The Bank of Korea (BOK) has dismissed the possibility of establishing a strategic bitcoin reserve, citing concerns over price volatility and risks. This comes despite ongoing global discussions about using bitcoin as part of foreign exchange reserves following the United States plans to create a reserve. In response to an inquiry from a member of the National Assembly’s Strategy and Finance Committee, the central bank rejected adding bitcoin to its reserves. BOK officials emphasized bitcoin’s wild price swings as a key deterrent, stating that transaction costs to convert bitcoin to cash “could rise drastically” if the market experiences instability. As…

Bitcoin (BTC) has come a long way in its 16-year journey. World leaders and financial experts laughed at the asset in its early days. Today, it is the best-performing asset of the last decade-and-a-half. BTC has also been accepted as legal tender in El Salvador and the Central African Republic.Also Read: Jim Cramer Called XRP a Con, Here’s What a $1,000 Bet Then Is Worth TodayEveryone Wants BitcoinSource: Watcher GuruWhile only two countries accept BTC as legal tender, several governments hold massive amounts of the original cryptocurrency. BTC has also become a way for many countries to bypass Western sanctions.…

Bitcoin (BTC) dominance, a measure of Bitcoin’s overall share of the crypto market, has been steadily rising since 2023 amid a torrent of new cryptocurrency coins and tokens.The current BTC market dominance is roughly 61.6%, down from the local peak of 64.3% recorded on Feb. 3.BTC market dominance broke back above 60% on Feb. 2 amid a general market downturn over fears of a prolonged trade war between the United States and its trading partners.Macroeconomic uncertainty typically takes a toll on risk-on assets, and the recent market downturn hit altcoins harder than BTC due to their lower liquidity and higher-risk…

From $5 to $83,000 – The Digital Gold Rush Continues Bitcoin has come a long way since trading at just $5.34 on Saint Patrick’s Day in 2012. Now, in 2025, the world’s largest digital currency has reached $83,223 on this holiday, marking a staggering 1,558,000% increase in just 13 years. With institutional adoption surging and supply remaining fixed, Bitcoin’s long-term trajectory appears stronger than ever. A Look at Bitcoin’s Explosive Growth Bitcoin’s price movements in the early years was anything but predictable. In just one year, from 2012 to 2013, BTC skyrocketed 780%, reaching $47. The next year, it surged…

According to reports, Michael Saylor’s MicroStrategy purchased another 130 Bitcoin (BTC) between Mar. 10 and Mar. 16. The value of the coins is around $10.7 million, with an average cost of $82,981 per coin. The company may have decided to buy the dip, a practice it has often followed. As of Mar. 16, MicroStrategy holds about 499,226 BTC valued at $33.1 billion. The average buying cost for each BTC owned by Microstrategy is around $66,360.Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USDJUST IN: Michael Saylor’s MicroStrategy buys another 130 Bitcoin worth $10.7 million.—…

Michael Saylor’s Strategy, the world’s largest public corporate Bitcoin holder, has announced its smallest Bitcoin purchase on record.Strategy on March 17 officially announced its latest 130 Bitcoin (BTC) acquisition, bought for around $10.7 million in cash, or at an average price of roughly $82,981 per BTC.The latest Bitcoin purchase was made using proceeds from the “STRK ATM,” a new Strategy’s program looking to raise up to $21 billion in fresh capital to acquire more BTC.Strategy’s new 130 BTC buy is the smallest one ever recorded since the company announced its first purchase of 21,454 BTC for $250 million in August…

People tend to celebrate periods of low feerates. It’s time to clean house, consolidate any UTXOs you need to, open or close any Lightning channels you’ve been waiting on, and inscribe some stupid 8-bit jpeg into the blockchain. They’re perceived as a positive time.  They are not. We have seen explosive price appreciation the last few months, finally hitting the 100k USD benchmark that everyone took for granted as preordained during the last market cycle. That’s not normal.  The picture on the left is the average feerate each day since 2017, the picture on the right is the average price…