crypto
Democrats Should Reverse Their Stance On Bitcoin
Published
1 day agoon
By
adminLast month at the New York Times DealBook Summit, political analyst and media personality Van Jones admitted that the Democrats made a fatal mistake in not only largely disregarding the crypto voter but in acting against them during the last election cycle and more broadly during President Biden’s time in office.
“50 million people bought some crypto — that’s a bet on [the] future,” said Jones.
“They’re trying to get to a better future. Joe Biden, Kamala Harris, Elizabeth Warren beating the hell out of crypto was not smart,” he added.
CNN host @VanJones68 says, “Democrats ran people out of the party on crypto. 50 million people bought crypto. It’s a bet on a better future” pic.twitter.com/Ee8NlutNK1
— Documenting ₿itcoin 📄 (@DocumentingBTC) January 6, 2025
Jones is one of the first prominent Democrats to publicly admit post election that the Democrats should have invited those who hold bitcoin and crypto into the party instead of pushing them away.
The questions now are Will other well-known Democrats follow Jones’s lead? and What would their policy proposals look like if they did?
The latter question is particularly important because while Democrats may begin to say they’re “pro-crypto,” the devil is in the details.
For example, when I interviewed former Congressman Wiley Nickel (D-NC), one of the few outspoken bitcoin and crypto proponents in the Democratic party last year, I asked him if he’d support the right for bitcoin and crypto owners to hold their private keys.
This was his response:
“In Congress, we’ve really focused on doing a few things before we get into the next level of stuff. It’s about regulating the industry, FIT21, the digital assets market structure bill and stablecoins. We’ve gotten sidetracked with SAB121 for custodial banking.
Those are the things that I think we need to tackle first, and then we get into the next layer of stuff, and I’m really hopeful we’re going to get those things done this Congress.”
The right to hold one’s private keys is the “first level of stuff” in my book, and his lack of a direct response to my question worried me, especially when juxtaposed with what Trump said on the matter at the Libertarian National Convention in May 2024:
“I will support the right to self-custody [for] the nation’s 50 million crypto holders.” -Donald J. Trump
So, if the Democrats are to start shifting their rhetoric when it comes to Bitcoin and crypto, they’re also going to need to come correct when it comes to policy proposals if they plan to win over the voters they lost in this previous election cycle come midterm elections.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Source link
You may like
SHIB, PEPE to be replaced by this token, according to popular analyst
Dogecoin May Beat Bitcoin In Next 6 Months
Cardano (ADA) Price Prediction January 2025, 2026, 2030, 2040
Using Mining To Create More Fully Validating Bitcoin Users
Mastercard brings p2p aliases for crypto transfers in UAE, Kazakhstan: report
Bitcoin Should Be Much Higher Six Months From Now, According to Real Vision’s Jamie Coutts – Here’s Why
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Source link
Bitcoin
Bitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal – What’s Next?
Published
1 day agoon
January 8, 2025By
adminBitcoin (BTC) has seen bullish but unsteady price action in early 2025, with recent data highlighting shifting sentiment among US investors. After briefly crossing the $102,000 mark yesterday, the asset has struggled to maintain upward momentum, shedding most of its recent gains as it stands at just below $100,000.
These developments coincide with critical insights from key on-chain metrics that offer a clearer view of Bitcoin’s short-term trajectory.
Related Reading
Bitcoin’s Price Struggles Despite Positive Coinbase Premium Index Signal
A CryptoQuant analyst known as Burak Kesmeci recently shared insights on the Coinbase Premium Index (CPI), which turned positive for the first time in 2025. The CPI measures the price difference between Bitcoin on Coinbase and other global exchanges, serving as a crucial indicator of US investor sentiment.
3 days ago, Coinbase Premium Index crossed SMA14 for the 1st time in 26 days—Bitcoin is now up 4% to $102K.
In Nov 2024, a similar move saw Bitcoin rally from $69K to $108K.
U.S. buyers could be back in action. pic.twitter.com/XtAlHUzzvv
— CryptoQuant.com (@cryptoquant_com) January 6, 2025
Alongside this positive shift, a notable 4,012 BTC outflow from Coinbase was recorded, signaling renewed buying interest among US-based investors. Historically, such patterns have been associated with a rise in buying pressure, often laying the groundwork for potential price surges.
Despite these positive signals, Bitcoin’s price performance remains restrained. After briefly surpassing $102,000 on December 6, Bitcoin retreated and now trades below $100,000, reflecting a modest 3.3% decrease over the past 24 hours.
This price mark from the largest cryptocurrency by market capitalization puts it at approximately 8.9% below its all-time high of $108,135, achieved in December 2024.
Bitcoin Faces Key Resistance Levels
Notably, the current price action from BTC suggests that while buying pressure exists, it may not yet be sufficient to trigger another strong rally.
According to cryptocurrency analyst Ali, Bitcoin maintains a critical support zone between $95,400 and $98,400, where over 1.77 million addresses collectively hold 1.53 million BTC.
Related Reading
This support zone remains essential for stabilizing Bitcoin’s price amid market uncertainty. Conversely, resistance appears limited, with only 107,000 BTC supply positioned between $104,700 and $105,770. This relatively thin resistance could pave the way for upward movement if buying pressure intensifies.
#Bitcoin sits well above an important support zone between $95,400 and $98,400, where 1.77 million addresses bought over 1.53 million $BTC. However, there isn’t significant resistance ahead, only a minimal supply wall of 107,000 #BTC between $104,700 and $105,770. pic.twitter.com/MEATFegTV2
— Ali (@ali_charts) January 7, 2025
Meanwhile, zooming out, analysts remain bullish overall on Bitcoin. Captain Faibik for instance has recently shared his outlook on BTC suggesting that the asset is still poised for a rally to $112,000.
Featured image created with DALL-E, Chart from TradingView
Source link
Backed.fi
Coinbase (COIN) Stock Could Become Available on Base Chain, According to Creator Jesse Pollak
Published
3 days agoon
January 6, 2025By
adminThe creator of Base, the blockchain of top US-based crypto exchange Coinbase, says that the company’s stock (COIN) could soon become available on-chain.
In a new thread on the social media platform X, Base developer Jesse Pollak says that eventually, every asset in the world will be on Base, including COIN.
However, Pollak notes that some traders can already access COIN on Base through asset tokenization protocol Backed.fi, adding that regulatory clarity would “unlock” it for everyone.
According to Pollak, Coinbase has not yet formulated concrete plans to bring over real-world assets to the blockchain, which launched in August 2023 as an Ethereum (ETH) layer-2 scaling solution.
“And to clarify even further: there are no concrete plans right now. We are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like COIN to Base in a safe, compliant, future-looking way. Still day one.”
Looking at a longer arc of time, Pollak reiterates Base’s plans to see the blockchain as the backbone of global transactions.
“Base’s north star is to build a global economy, on-chain… We are going to bring $1 trillion+ assets to Base and it’s going to happen faster than anyone expects – still day one.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
SHIB, PEPE to be replaced by this token, according to popular analyst
Dogecoin May Beat Bitcoin In Next 6 Months
Cardano (ADA) Price Prediction January 2025, 2026, 2030, 2040
Using Mining To Create More Fully Validating Bitcoin Users
Mastercard brings p2p aliases for crypto transfers in UAE, Kazakhstan: report
Bitcoin Should Be Much Higher Six Months From Now, According to Real Vision’s Jamie Coutts – Here’s Why
US CFTC Issues Subpoena to Coinbase In Polymarket Case, What’s Next?
Buying Greenland Would Be A Huge Boost to US Bitcoin Mining
AI suggests 3 top Solana alternatives to boost wallets this first quarter
BNB Price Rebound Possible: Can It Climb Back to $720?
Bitcoin Dips Below $95K, RUNE and INJ Drop 11%
Don't Buy The Bitcoin Dip
ChatGPT’s top 5 crypto picks for the 2025 market surge
XRP Flashing Bullish Signal That Previously Triggered 470% Upside Burst, According to Analyst Ali Martinez
FTX Breaks Silence On Backpack’s Alleged Acquisition Of The Defunct Exchange
Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem
Telegram users can send gifts to friends, TON fails to pump
Bitcoin Could Rally to $80,000 on the Eve of US Elections
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Crypto’s Big Trump Gamble Is Risky
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
A Kamala Presidency Could Be Just as Bullish for Bitcoin
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
SEC filing underway, Bitcoin rewards app Fold adopts FLD ticker
Cardano and the XRP price action lock in bulls vs bears battle as RCO Finance prepares for 3,000% surge
A16z-backed Espresso announces mainnet launch of core product
Tether CEO Paolo Ardoino Denies Rumors That Stablecoin Issuer Is Under Federal Investigation
Crypto Exchange OKX Moves To Support USDC Ecosystem by Adding Six New Trading Pairs
Trump’s Coin Is About As Revolutionary As OneCoin
Ripple Vs. SEC, Shiba Inu, US Elections Steal Spotlight
Trending
- DeFi3 months ago
Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem
- News3 months ago
Telegram users can send gifts to friends, TON fails to pump
- Bitcoin2 months ago
Bitcoin Could Rally to $80,000 on the Eve of US Elections
- Bitcoin2 months ago
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
- Opinion2 months ago
Crypto’s Big Trump Gamble Is Risky
- 24/7 Cryptocurrency News2 months ago
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
- Opinion3 months ago
A Kamala Presidency Could Be Just as Bullish for Bitcoin
- Price analysis2 months ago
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x