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Fidelity Executives Meet With the SEC in Effort To Launch a Bitcoin Exchange-Traded Product

Financial services giant Fidelity recently discussed a Bitcoin exchange-traded product with the U.S. Securities and Exchange Commission (SEC). According to a memorandum of the meeting dated September 8th, senior Fidelity executives met with SEC staff for a presentation that featured information on the Wise Origin Bitcoin Trust – a proposed Bitcoin exchange-traded fund to be […]

The post Fidelity Executives Meet With the SEC in Effort To Launch a Bitcoin Exchange-Traded Product appeared first on The Daily Hodl.

Korean Finance Minister vows to fight moves to delay the crypto tax code

Protesters in El Salvador Torch Bitcoin ATM in Push Against Crypto Rollout

A Bitcoin (BTC) ATM was destroyed by vandals in El Salvador yesterday. The freestanding outdoor structure in the capital city of San Salvador had its windows smashed before being set on fire. Activity in the historic center of San Salvador goes smoothly while a Chivo ATM is consumed by fire after the demonstrations against the […]

The post Protesters in El Salvador Torch Bitcoin ATM in Push Against Crypto Rollout appeared first on The Daily Hodl.

Korean Finance Minister vows to fight moves to delay the crypto tax code

Bitcoin historical data reveals strategy to pick the right iPhone 13

As Apple unveils a wide range of iPhone 13 models this week, crypto enthusiasts can benefit from a data-driven strategy.

Bitcoin (BTC) and Ether (ETH) historical data make selecting the right Apple iPhone 13 model quite easy for crypto enthusiasts. 

Apple unveiled four different smartphone models on Sept. 14, the iPhone 13 and iPhone 13 mini with a new camera layout as well as the Super Retina XDR display-bearing iPhone 13 Pro and iPhone 13 Pro Max, each with several storage options.

With so many different models available in a wide price range, it becomes hard for customers to pick a specific model as a replacement for their current gadget. For crypto enthusiasts, though, historical market data on top cryptocurrencies makes the selection process a piece of cake.

On average, customers use their smartphones for almost three years before replacing them with a new one, according to a Statista study. In other words, there’s a good chance that a consumer who’s looking to buy an iPhone 13 nowadays owns a phone purchased during the Christmas Sale in 2018.

Assuming they also purchased an iPhone model back then, for the sake of comparison, it means they had options to buy a then-brand-new iPhone 8, 8 Plus, iPhone XR or iPhone Xs. Apple’s 2018 product family's initial prices were $599, $699, $749 and $999, respectively.

There’s a $400 price gap between the base model and the high-end iPhone, excluding the $100 pricier iPhone Xs Max model. The same price gap would translate into 0.1 to 0.13 BTC if the purchase was made in December 2018. That means if a crypto enthusiast made the right call and went for the base model in their previous purchase, they’d have enough savings today ($4,800 to $6,200 at the time of writing) to buy several high-end iPhones.

Related: Still too early to know if Bitcoin will remain top dog, Wall Street vet says

Ethereum fans could even benefit more from the “buy the base, spend the rest on crypto” strategy by purchasing 3 ETH almost three years ago, which equals 10 iPhone 13 Pro Max devices at the time of writing.

Depending on the selected cryptocurrency, yields vary dramatically. For example, Binance Coin (BNB) was just over $5 at the start of December 2018, while Dogecoin (DOGE) was worth 0.00225, meaning investments made in some coins centupled in three years. But one thing is clear: top cryptocurrencies age way better than premium gadgets in terms of market value.

Korean Finance Minister vows to fight moves to delay the crypto tax code

Looming Bitcoin Supply Squeeze Could Trigger New Bull Cycle, According to Crypto Analytics Firm Glassnode

Certain Bitcoin ownership metrics indicate that Bitcoin (BTC) could be teeing up for a bullish market cycle, according to the blockchain analytics platform Glassnode. Glassnode notes that long-term Bitcoin holders (LTHs) have accumulated 79.5% of all BTC, which is equivalent to the rate achieved last October before the bull market kicked off. LTHs have on […]

The post Looming Bitcoin Supply Squeeze Could Trigger New Bull Cycle, According to Crypto Analytics Firm Glassnode appeared first on The Daily Hodl.

Korean Finance Minister vows to fight moves to delay the crypto tax code

Ground Reports Concerning Salvadoran Bitcoin Law Highlight False Narrative Painted by Influencers

Ground Reports Concerning Salvadoran Bitcoin Law Highlight False Narrative Painted by InfluencersOn Tuesday, Bitcoin.com News spoke with Marc Falzon, an individual who has been documenting the bitcoin rollout in El Salvador since the law was implemented on September 7. Falzon says that there are a number of issues that no one is talking about in regard to the bitcoin law and the Chivo wallet, a government-crafted […]

Korean Finance Minister vows to fight moves to delay the crypto tax code

Shark Tank Veteran Kevin O’Leary Predicts a Trillion Dollars Will Flow Into Bitcoin – Here’s How

Shark Tank star Kevin O’Leary says one critical thing needs to happen for “another trillion dollars” to flow into Bitcoin (BTC). The millionaire investor tells CNBC it’s all about regulatory clarity and the approval of a Bitcoin exchange-traded fund (ETF). As O’Leary explains, “We want the regulator to actually make some decisions about crypto, because […]

The post Shark Tank Veteran Kevin O’Leary Predicts a Trillion Dollars Will Flow Into Bitcoin – Here’s How appeared first on The Daily Hodl.

Korean Finance Minister vows to fight moves to delay the crypto tax code

Whole Bitcoin Ecosystem Flashing Signs of Bullishness, According to On-Chain Analyst Willy Woo

Top on-chain analyst Willy Woo says the entire ecosystem of Bitcoin buyers is telling him that the BTC market remains largely bullish. In a new tweetstorm, Woo informs his 723,300 followers that he sees an immense distribution phase playing out in Bitcoin. “Bitcoin continues to distribute coins evenly. Publicly held and retail entities continue to […]

The post Whole Bitcoin Ecosystem Flashing Signs of Bullishness, According to On-Chain Analyst Willy Woo appeared first on The Daily Hodl.

Korean Finance Minister vows to fight moves to delay the crypto tax code

Bitcoin Investors Are ‘Unshaken’ by Large BTC Drawdown, Says Crypto Insights Firm Glassnode

Insights from crypto analytics firm Glassnode are showing that Bitcoin investors remain unfazed despite the huge drawdown that saw Bitcoin plummet over 50% in May.  Glassnode tells its 324,600 followers that recent on-chain metrics suggest that a lot of BTC swapped hands during the May correction and that long-term holders, or investors who have kept […]

The post Bitcoin Investors Are ‘Unshaken’ by Large BTC Drawdown, Says Crypto Insights Firm Glassnode appeared first on The Daily Hodl.

Korean Finance Minister vows to fight moves to delay the crypto tax code

Bitcoin Investors Are ‘Unshaken’ by Large BTC Drawdown, Says Crypto Insights Firm Glassnode

Insights from crypto analytics firm Glassnode are showing that Bitcoin investors remain unfazed despite the huge drawdown that saw Bitcoin plummet over 50% in May.  Glassnode tells its 324,600 followers that recent on-chain metrics suggest that a lot of BTC swapped hands during the May correction and that long-term holders, or investors who have kept […]

The post Bitcoin Investors Are ‘Unshaken’ by Large BTC Drawdown, Says Crypto Insights Firm Glassnode appeared first on The Daily Hodl.

Korean Finance Minister vows to fight moves to delay the crypto tax code