Bitcoin Optimism Skyrockets: 91% of Holders Now in Profit Amid Promising Outlook for 2024

After a challenging 2022, the cryptocurrency market is showing signs of recovery, with Bitcoin (BTC) leading the charge. Recent data reveals that an impressive 91% of BTC holders have turned a profit from their investments, even those who purchased at or near the peak of the previous bull cycle. This encouraging news highlights the resilience and potential of the world’s premier cryptocurrency. Driving the renewed optimism surrounding Bitcoin are several key factors, chief among them being the much-anticipated Bitcoin halving event slated for April 2025. During the halving, the number…

The Crumbling Fiat Empire: A Tale of NYCB and Bitcoin

The recent decline in New York Community Bancorp’s (NYCB) stock price can be traced back to several factors including a drop in profits, loan losses, and regulatory pressure. As CEO Thomas Cangemi stated, “It’s a secular change in the use of downtown real estate.” Despite these challenges, Bitcoin continues to rise in value, demonstrating its resilience against traditional monetary systems. In the ever-changing landscape of traditional finance, the latest headlines surrounding New York Community Bancorp (NYCB) serve as a stark reminder of the fragility inherent in our current financial system.…