Friday, April 16, 2021
Only Bitcoin Market News
Bitcoin Tax Solutions
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

A Summary Of Bitcoin’s Massive First Quarter

1 week ago
in Bitcoin
3 min read
A Summary Of Bitcoin’s Massive First Quarter
Share on FacebookShare on Twitter

Related articles

Top Crypto News: 04/15 – Cryptocurrency News – Altcoin Buzz

Top Crypto News: 04/15 – Cryptocurrency News – Altcoin Buzz

April 16, 2021
Cryptos put India’s richie rich in a catch-22 situation, legality of transaction may

Cryptos put India’s richie rich in a catch-22 situation, legality of transaction may

April 15, 2021


Gradually, then suddenly.

It is the way that Hemingway penned the process of going bankrupt: first comes a series of incremental steps which bring you closer to bankruptcy, until reality hits you and a sudden realization of what has occurred dawns upon you.

This process can be thought of as a universal one: it applies to many things in life, like achieving success, declining health or the once-in-a-lifetime emergence of a brand-new asset class.

Across the “gradually, then suddenly” spectrum, Bitcoin is inching closer and closer to the “suddenly” part—and this quarter is an immaculate example of that.

In this piece, we will provide a short overview of all the Bitcoin news in the first quarter of 2021. Let’s dig in.

Corporate Treasury Adoption

High-profile companies continued to accumulate bitcoin in their treasury, with Square buying $170 million worth of BTC and MicroStrategy performing the carry trade of the decade by taking out a $1.05 billion bond loan at 0% interest to buy bitcoin.

The biggest splash this quarter was made by Tesla’s surprise bitcoin investment when they put $1.5 billion (7.7%) of their cash holdings into bitcoin, started accepting bitcoin payments for their cars (promising to not convert the proceeds into fiat) and, to top it off, contributed an important security patch to the open-source ecosystem’s BTCPay Server project. Just like that, the company owned by the world’s richest man established itself as a Bitcoin ally—from zero to 100, in less than a quarter.

Other, smaller publicly traded companies also piled on: Marathon invested $150 million, Seetee with $58.6 million and Meitu with $17.9 million. It is reasonable to assume that more companies are accumulating bitcoin but do not plan to announce it. One such example is a New Zealand retirement fund which had allocated 5 percent to bitcoin back in October 2020 but was only recently reported or German company SynBiotic which did not disclose its holdings, just the intention to shift free capital into BTC.

A survey showed that 5 percent of finance executives plan to hold BTC this year which is certainly a much larger number than the handful of organizations that have publicly announced holdings so far.

Financial Institution Support

Like a set of dominos, every financial institution seems to be scrambling to announce support for bitcoin as their competition is rushing to do the same, resulting in a whirlwind of announcements.

Bank of New York Mellon, the world’s largest custodian with $41 trillion assets under management (AUM) and the US’ oldest bank announced that it will offer custody for digital assets like bitcoin.

A day after, news broke about the sixth largest European bank—Deutsche Bank—prototyping its own digital custody platform and aiming to roll out a minimum viable product in 2021.

Then news started flooding in:

Even popular payment networks rushed to announce support for digital assets:

  • Mastercard announced that they plan to integrate…



Read more:A Summary Of Bitcoin’s Massive First Quarter

Tags: bitcoin news todaybitcoinseventsMarketsMassiveQuarterSummary

Related Posts

Top Crypto News: 04/15 – Cryptocurrency News – Altcoin Buzz

Top Crypto News: 04/15 – Cryptocurrency News – Altcoin Buzz

by Bitcoin Market
April 16, 2021
0

After making an all-time high of $64,804, Bitcoin underwent a correction and is now trading at $63,412. Meanwhile, the...

Cryptos put India’s richie rich in a catch-22 situation, legality of transaction may

Cryptos put India’s richie rich in a catch-22 situation, legality of transaction may

by Bitcoin Market
April 15, 2021
0

It’s a Catch-22 situation for wealthy Indians who bought Bitcoins from overseas markets and held them in offshore wallets...

Coinbase’s Public Listing Is a Cryptocurrency Coming-Out Party

Coinbase’s Public Listing Is a Cryptocurrency Coming-Out Party

by Bitcoin Market
April 14, 2021
0

SAN FRANCISCO — Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the...

(P) News and latest updates – by Bitcoin Romania

(P) News and latest updates – by Bitcoin Romania

by Bitcoin Market
April 14, 2021
0

Bitcoin Romania, the first and largest cryptocurrency trading platform in the country, celebrated in March seven years of presence...

Nik Bhatia: Owning Bitcoin Is Now Your Fiduciary Duty – CoinDesk

Nik Bhatia: Owning Bitcoin Is Now Your Fiduciary Duty – CoinDesk

by Bitcoin Market
April 13, 2021
0

The asset management industry is now bifurcated. On one side, forward-thinking researchers have reached the conclusion that bitcoin has...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Market Report: FTSE jumps past 7000 as China’s economy surges 18.3% and

Market Report: FTSE jumps past 7000 as China’s economy surges 18.3% and

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Market Report: FTSE jumps past 7000 as China’s economy surges 18.3% and

Market Report: FTSE jumps past 7000 as China’s economy surges 18.3% and

April 16, 2021
Will Ethereum remain the second largest cryptocurrency? – Ventureburn

Will Ethereum remain the second largest cryptocurrency? – Ventureburn

April 16, 2021
Robinhood Has Restored Crypto Trading After ‘Major Outage’

Robinhood Has Restored Crypto Trading After ‘Major Outage’

April 16, 2021
Top Crypto News: 04/15 – Cryptocurrency News – Altcoin Buzz

Top Crypto News: 04/15 – Cryptocurrency News – Altcoin Buzz

April 16, 2021
Bitcoin falls as Turkey bans cryptocurrency payments

Bitcoin falls as Turkey bans cryptocurrency payments

April 16, 2021
Turkey bans crypto payments citing risks, hits Bitcoin price

Turkey bans crypto payments citing risks, hits Bitcoin price

April 16, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$61,299.00-2.14%
  • bitcoin-cashBitcoin Cash(BCH)$871.414.28%
  • binance-coinBinance Coin(BNB)$501.71-8.51%
  • bitcoin-goldBitcoin Gold(BTG)$105.20-0.25%
  • bitcoin-privateBitcoin Private(BTCP)$0.986-5.94%
  • blocktixBlocktix(TIX)$0.020-2.99%