Crypto Currency

The 5 Advantages Bitcoin Has Over Fiat Currency

Bitcoin is the first successful cryptocurrency in history, and it became successful because of the many positive merits not found…

Bitcoin is the first successful cryptocurrency in history, and it became successful because of the many positive merits not found in traditional or fiat currency (this is your country’s national currency). In this article, youll
find out about five advantages Bitcoin has over fiat currency.

1. Bitcoin Is Decentralized

Unlike fiat currency, Bitcoin is not controlled by any bank or government. No single entity controls or regulates the Bitcoin network, not even its founder Satoshi Nakamoto. Without a controlling entity, bitcoins are technically inflation-proof since no one can devalue its price by manipulating its supply. Only 21 million bitcoins will ever be mined or created, unlike fiat currency which is printed when the government sees fit to print more money.

2. Extremely Easy To Use

Opening bank accounts is not a simple thing to do. You’d have to go to your bank, wait in line, fill out forms, submit your IDs, etc. Its a time-consuming process. But with Bitcoin, all you need to do to get started is just create a free wallet, and thats it! You’ll then be able to receive your first bitcoins in just a few minutes.

3. Fast Transactions

Most banks dont work 24/7. Instead, banks are open for business during certain hours of the day on weekdays (some banks are open on weekends, but they’re far and few in between). But with Bitcoin, you can transact with anyone, any time of the day, wherever you and the other person may be located. Your bitcoins will arrive in just a few minutes.

4. Highly Portable And Durable

Since bitcoins are electronic, they cant get burned down by fire, and they’re not going to get wet in water. You can bring them anywhere with you, and they wont even take too much space. Whether you have an online wallet, or an offline wallet, your bitcoins are easily within reach anytime you wish.

5. No More Exorbitant Bank Fees

Bank fees are the bane of anyone who has ever done any business with a bank. You want to have a bank account to store your money in, you need to pay fees. You need to use or withdraw your money, you need to pay fees. You want to send funds to someone else, you pay bank fees. The list goes on and on. But with Bitcoin, youre bypassing all these fees. Digital wallets are free, and transaction fees are very, very minimal.

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Crypto Currency

What’s next for SEI after reclaiming $0.30? Check forecast

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses. SEI rallies as BTC and others falter SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24

Key takeaways SEI has reclaimed the $0.30 psychological level, paving the way for further rally. The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses. SEI rallies as BTC and others falter SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24 […]
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Crypto Currency

Bitcoin slides, Ether, XRP, Dogecoin move lower ahead of Fed Chair’s final Jackson Hole speech

Key Takeaways Bitcoin and altcoins fell in a broad crypto market decline ahead of the Fed Chair’s Jackson Hole speech. Market volatility increased as investors anticipated possible Fed rate changes and reacted to ongoing inflation concerns. Share this article Bitcoin slipped under $113,000 on Tuesday, triggering a market-wide downturn that sent Ethereum, XRP, and Solana

Key Takeaways

  • Bitcoin and altcoins fell in a broad crypto market decline ahead of the Fed Chair’s Jackson Hole speech.
  • Market volatility increased as investors anticipated possible Fed rate changes and reacted to ongoing inflation concerns.

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Bitcoin slipped under $113,000 on Tuesday, triggering a market-wide downturn that sent Ethereum, XRP, and Solana lower. The total crypto sector fell to $3.8 trillion, down 3.5% on the day.

The price of Bitcoin dropped nearly 3% in the last day to $112,696, marking a return to levels not seen since the beginning of the month, CoinGecko data shows.

Ether dropped more than 4% to $4,100 after flirting with record highs in the past few days. Losses are spread across major altcoins, with XRP down nearly 6%, Dogecoin and Chainlink off over 5%, and Sei and Cardano plunging 8%.

The pullback comes ahead of the Fed’s Jackson Hole symposium on Friday, where Chair Jerome Powell is scheduled to deliver his keynote address. Markets are bracing for whether he signals a September rate cut or doubles down on inflation concerns, especially after US inflation data offered mixed signals in July.

The headline CPI slowed to 2.7% but core inflation edged up to 3.1% and PPI climbed 3.3%. The combination of weakening job growth and persistent price pressures has raised stagflation fears, which could complicate the Fed’s decision-making.

“Higher‑than‑expected PPI numbers (producer prices jumped 0.9% month‑on‑month against a 0.2% forecast) have complicated the Fed’s policy framework, so the market will be looking for hints on the Fed’s thinking ahead of its September policy meeting,” said QCP Capital analysts in a statement. “Last year, Powell used Jackson Hole to telegraph an easing bias; this year, Trump’s tariffs and political pressure create a much more contentious backdrop.”

Traders are still pricing in a 25-basis-point cut at the September 17 FOMC meeting, though odds have eased following hotter-than-expected inflation readings.

Analysts predict Powell will be cautious during his final Jackson Hole speech. The Fed Chair may acknowledge that risks to employment and inflation are balancing, suggesting a cut could be appropriate if trends continue, but he is unlikely to commit to a specific policy action.

Since expectations for a September cut are already priced in, any hint that action might be delayed could feel like a tightening of policy for investors.

However, signals that quantitative tightening may end or that regulatory shifts are coming could boost liquidity and potentially reignite Bitcoin’s rally toward year-end, analysts suggest.

Elsewhere, US stocks also reflected uncertainty at Tuesday’s market close.

The S&P 500 fell nearly 0.6% and the Nasdaq Composite dropped around 1.5%, while the Dow Jones Industrial Average edged up.

Tech and chipmakers led losses, with Nvidia down 3.5%, AMD off 5.4%, and Broadcom lower by 3.6%. Palantir sank 9%, the worst S&P 500 performer, while Tesla, Meta, and Netflix also slipped.

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David Bailey’s Bitcoin treasury KindlyMD acquires $679 million in BTC

Key Takeaways KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings. The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset. Share this article KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate

Key Takeaways

  • KindlyMD acquired 5,744 Bitcoin worth approximately $679 million through its subsidiary Nakamoto Holdings.
  • The purchase is part of KindlyMD’s strategy to accumulate one million Bitcoin as a corporate reserve asset.

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KindlyMD, led by President Donald Trump’s Bitcoin advisor David Bailey, announced Tuesday it had spent approximately $679 million to accumulate around 5,744 Bitcoin.

With the latest acquisition, KindlyMD’s Bitcoin stash surpasses 5,764 units, equating to over $655 million at current prices of about $113,840. The company used PIPE proceeds for the purchase as part of its strategy to acquire one million Bitcoin under the Nakamoto Bitcoin Treasury.

Commenting on KindlyMD’s BTC purchase, the first since it completed its merger with Nakamoto Holdings, CEO Bailey reiterated that his team is doubling down on Bitcoin as a cornerstone asset for the future.

“Our long-term mission of accumulating one million Bitcoin reflects our belief that Bitcoin will anchor the next era of global finance, and we are committed to building the most trusted and transparent vehicle to achieve that future,” he added.

KindlyMD now ranks sixteenth among corporate Bitcoin holders, ahead of firms like Semler Scientific and GameStop.

Shares of the company (NAKA) fell 14% at Tuesday’s open as Bitcoin slipped from above $115,800 to $113,846 amid a market-wide pullback.

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Halving Tailwind or Liquidity Trap? Analysts Weigh In on Bitcoin’s Path Ahead

With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm…

With Bitcoin hovering near record levels, analysts are split on what comes next. Swyftx Lead Market Analyst Pav Hundal warns the charts hint at trouble ahead, urging caution across altcoins. Crypto Analyst Chiefy, however, sees the latest volatility as part of the halving cycle’s natural rhythm…
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