Bitcoin (BTC) outperforms major assets such as gold, real estate and stocks if an investor holds it for just four years, popular data confirms. Highlighting the success of Bitcoin as an investment tool on Jan. 22, veteran cryptographer Nick Szabo noted Bitcoin is so far unmatched compared to many other assets broadly considered profitable. Szabo: BTC hodlers “have low time preference” Szabo linked to a chart from statistics resource Woobull, which placed Bitcoin against United States stocks and real estate, as well as gold, bonds and emerging currencies since 2012. Using the Sharpe ratio to calculate risk-adjusted returns, Woobull creator …

Bitcoin (BTC) has sparked fresh interest from mainstream consumers after its price nosedived to its lowest levels since May this week. According to data from Google Trends, “Bitcoin” and associated terms have increased in popularity conspicuously over the past week. “Bitcoin halving” back in the spotlight Currently, “Bitcoin” is at its highest search ranking since late October, when BTC/USD traded at close to $10,000. Google search interest for “Bitcoin.” Source: Google Trends Geographically, interest appears to be coming from Africa, with Nigeria, South Africa and Ghana forming the top three sources. Austria and Switzerland complete the top five. Attention is …

Square’s mobile payments application Cash App will be buying 16% of Bitcoin’s (BTC) new supply if the company keeps buying at the same rate after the halfing if the price does not go up. Twitter account dedicated to Bitcoin Rhythm pointed out in a tweet from Nov. 7 that the company’s Bitcoin buying rate will account for 16% of the total new Bitcoin per quarter after the block reward halving. The event will see the amount of Bitcoin created with each new block cut in half. Future price changes not taken into account He explained that, currently, Cash App is …

Since Bitcoin’s (BTC) creation in 2009, the digital asset has undergone a halving event every four years, cutting the number of coins constantly entering the ecosystem in half, making it a deflationary asset. Based on its hard-coded scarcity, and in line with its halvings, Bitcoin has risen dramatically in price over the years, giving the asset a high stock-to-flow ratio. When graphically depicted with deviation bands, Bitcoin historically has tested band levels below its median prior to halving years. Crypto analyst PlanB wrote an article in March 2019, applying Bitcoin to the stock-to-flow model used in the traditional business world, …

The 18 millionth Bitcoin (BTC) is expected to be mined this Friday, American investor and co-founder of investment firm Morgan Creek Digital Assets Anthony Pompliano tweeted on Oct. 15. Only three million BTC left Pompliano also noted that, at this point, there are only three million BTC left to be mined. The tweet asked to raise awareness about the world’s most well-known cryptocurrency: “This Friday the 18 millionth Bitcoin will be mined. There are only #3MillionLeft. Let’s make this hashtag trend so the world can learn about Bitcoin.” This initiative is not surprising from Pompliano, given that he said on …

Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. According to Chinese industry news outlet 8BTC’s report published on Oct. 11, Wu made his remarks during the World Digital Mining Summit held in Frankfurt. Bulls may be late this time Per the report, Wu explained that the crypto market moves in cycles and this time the next bullish phase may not start after the halving. He is also confident that in a long-term perspective …

Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years. 3.15 million bitcoins, 120 years According to data from monitoring resource Blockchain, Thursday saw Bitcoin miners extract the 17,850,000th unit as part of the transaction validation process. As a result, due to the number of coins awarded to miners per block decreasing over time, the remaining supply will only be unlocked in the year 2140. Bitcoin has a total fixed supply of 21 million units. Bitcoins in circulation. Source: Blockchain “Scarcity is about to kick …

The effect of block reward halvings for both Bitcoin (BTC) and Litecoin (BTC) mining could be mitigated by merged mining, according to a report by a research arm of major crypto exchange Binance released on July 12. Following Charlie Lee’s prediction that some miners may shut down Litecoin mining after the halving, which is expected to take place on Aug. 5, 2019, Binance Research analyzed the potential of so-called merged mining to retain incentives for crypto miners. Merged mining is a practice of using the work done for one blockchain, or parent blockchain, on other smaller child blockchains by implementing …

Mining software companies try to reduce costs of Bitcoin mining meeting the challenge brought about by the cutting in half of the block rewards. Hashflare has joined the list of Bitcoin mining companies that are working out a way to cut the cost of energy needed for their operations. Energy supply has been a topical issue of late for mining operations particularly around the halving period as it is a great determinant to ensure a lower operational cost and to maximize profit. A report says some of the mining companies in parts of China recently met to discuss how to …