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On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if this is your last chance to buy Bitcoin on the cheap as the Bitcoin pre-halving rally may be right around the corner. In the latest episode of The Market Report , Cointelegraph analyst and writer Marcel Pechman discusses Standard Chartered bank’s $120,000 Bitcoin price expectation based on the halving impact. According to the report, increased miner profitability due to a pre- halving rally would “reduce the net BTC supply.” Pechman, on the other hand, doesn’t acknowledge the thesis, given that the mining difficulty will continue to increase and the news confirming Riot Platform’s investment in new ASIC equipment. In fact, the mining difficulty increased by 73% in the last 12 months, while the Bitcoin (BTC) price increased by 58%. Regarding the $50,000 Bitcoin year-end price prediction, Pechman believes the number is too optimistic, given the low odds of a spot Bitcoin exchange-traded fund (ET...

Bitcoin touches $30,000 and is back on everyone’s radar. Find out what is driving the price forward on this week’s episode of Market Talks. In this week’s episode of Market Talks, Cointelegraph welcomes Mati Greenspan, founder and CEO of Quantum Economics. Greenspan is an experienced financial analyst and a certified consultant who enjoys engaging with his 50,000+ Twitter followers about the latest developments in the cryptocurrency sector. He finds his passion in understanding financial markets and sharing his knowledge with others to help them make better investment decisions. In today’s discussion, we first find out what Greenspan has been up to since we last had him on the channel — more than five years ago. We also get some insights into his company, Quantum Economics, what they do, their team, and what their vision is. Without wasting any time, Greenspan dives into some of this hot takes by claiming that we are already in the next “Bitcoin summer” and that prices are just going ...

Tesla's remaining Bitcoin stash has grown 100% from its November 2022 lows, demonstrating that hodling BTC can indeed pay off. The price of Bitcoin (BTC) has grown by more than 50% since Tesla unveiled its approximately $1 billion BTC sales in July 2022. Are Tesla's Bitcoin trades profitable?  Tesla infamously dumped nearly $936 million of its total Bitcoin holdings in Q2/2022, accounting for 75% of its remaining reserves, to secure a $64 million profit. At the time, Bitcoin was trading about 70% lower than its record high of $69,000 in November 2021. BTC/USD monthly price chart featuring Tesla's Bitcoin sales purchases and sales. Source: TradingView Originally, Tesla purchased $1.50 billion worth of Bitcoin in February 2021 at an average price of $36,000. The company then sold BTC worth $272 million to boost its Q1/2021 accounting by $101 million. The company has nevertheless held on to its remaining BTC as of Q4 2022 despite the price of Bitcoin sitting at bear-market l...