Patrick Shyu, a former engineer at Meta and Google, warns that Bitcoin is threatened by two major issues: the decline of miner incentives as new coin rewards diminish and the potential future risk from quantum computing breaking Bitcoin's cryptography. He sold his Bitcoin after a 50% price crash, citing excessive leverage and concerns over Bitcoin's long-term security. Developers are exploring quantum-resistant upgrades, but the next Bitcoin halving in 2028 could intensify miner revenue challenges, potentially weakening network security if fees don't compensate.
Bitcoin is currently forming an inverse head-and-shoulders pattern on its price chart, with a crucial resistance level at $67,200. This pattern suggests a potential reversal after a significant drop from May highs above $81,000. Ethereum, meanwhile, ...
Bitcoin may experience further declines in August 2026 as a technical sell signal from the TD Sequential indicator appeared on its three-day chart, coinciding with August's historical pattern of weak performance. The cryptocurrency has posted losses ...
After a strong July, Bitcoin enters August with uncertain prospects as historical data shows August is often volatile and inconsistent for BTC. While July typically sees positive returns, August's median returns are negative due to several years of l...
Bitcoin faced a turbulent week with a hawkish Federal Reserve hold signaling possible rate hikes, a $70 million theft due to a Coldcard hardware wallet flaw, and significant ETF outflows. Despite these challenges, Bitcoin only dropped about 2%, sugge...
Trump Media has sold another 2,628 Bitcoin worth about $165 million, adding to a total of 7,281 BTC sold over seven months for roughly $545 million. The company initially bought 11,542 BTC at an average price of $118,522 each but now faces an unreali...
