Exclusive: Trader Mayne’s Price Predictions and Why Bitcoin is “Antiquated Technology”

@tradermayne, a crypto Twitter influencer, stopped by Benzinga’s ‘Moon or Bust’ show on Monday to share his views on the market and crypto trader life.

Mayne has more than 188k Twitter followers and is actively trading Bitcoin (CRYPTO : BTC), Ethereum, (CRYPTO : ETH), and other altcoins (CRYPTO : ETH) since 2013.

In regards to the Bitcoin vs. Ethereum conversation, Mayne had something to say from a trading and technological perspective.

Trading: “When it’s alt-season, Ethereum is often going crazy. If you want to invest in an altcoin, you have to ensure it’s not outperforming bitcoin. You also need to make sure that it’s outperforming Ethereum.

Although Mayne remains bullish about Bitcoin’s future, she believes that ‘[Bitcoin] sets the standard. It’s the best. It has a scarcity that people will always want.

“I am a huge Ethereum bull” regarding future holdings. In the next bull run, I will hold more Ethereum than Bitcoin.

Mayne also shared his thoughts on EIP 1559. He said, “I don’t think Ethereum will suddenly jump 20% after that happens.” There will be people who want to play that game. From a trader’s standpoint, the safest bet is to place a bet on the move contract… volatility will likely occur around August 4th. That way you won’t need to know if it’s going up or down.

Michael Saylor doesn’t think Bitcoin is ‘going to be currency in the US ever’

Michael Saylor, CEO of MicroStrategy, believes that Bitcoin is more like a digital property than a digital currency.

He spoke on the July 15 editions of the “Coin Stories” podcast with host Natalie Brunell. Saylor was asked if Bitcoin was a threat for the U.S. Dollar.

“I would consider it a digital asset, it’s an attack on property, and it’s especially a threat against other forms of property. Gold is property, real property is property. The United States government is not threatened by real property, buildings or companies, or gold.

These comments follow Saylor’s assertions from earlier this week’s Scott Melker’s Wolf of All Streets Podcast, where he said that ‘I don’t think that Bitcoin’s going to become currency in the US. It is not what I believe it should be.

He said, “And what it’s doing it’s demonetizing others forms of property,” and he explained that many people are now considering whether to buy Bitcoin rather than traditional investments like stocks, real estate, starting businesses, or gold.

MicroStrategy began slowly accumulating Bitcoin in August 2020. The firm currently holds 105,085 BTC, which is worth approximately $3.3 billion today.

Brunell was informed by Saylor that MicroStrategy is not planning to sell Bitcoin, even if it crashes in the near term.

He stressed the importance of HODLing through market downturns and FUD and pointed out tech giants like Steve Balmer, former CEO of Microsoft, who didn’t sell his stock when the price crashed.

“What was the most brilliant thing Steve Balmer did to make $100 billion in his business? You know what? He didn’t sell Microsoft.

Saylor also cited Warren Buffet’s quote, “If you don’t want to own a company for ten years, then don’t even consider owning it for ten seconds.” He also cited the fact that Amazon stock has been able to recover from 80% crash in the past.

“One iPhone 12 in 100 years will be worthless, so the product Apple sells isn’t going to last 1000 years. Bitcoin’s product is worth 1/21 millionth of the total world money. He said that this doesn’t need to change. It just has to continue to work.

However, the MicroStrategy CEO noted that if Bitcoin’s price drops below what it is now in four years, he would need to reconsider his strategy.

You can use Bitcoin to buy Sotheby’s new 101-carat diamond

BlockFi, a New York-based cryptocurrency loans and savings startup, launched today its Bitcoin ( TTC ) rewards credit card. Only approved applicants on the United States waitlist can apply for this card.

The card is officially called BlockFi Rewards Visa Signature credit Card and was announced by Visa and BlockFi at the end last year. The card is available to be used anywhere Visa is accepted. It allows its holders to earn 1.5% in Bitcoin instead airline miles, cashback rewards, or any other currency. Cardholders will receive their Bitcoin rewards in the BlockFi Interest account.

Initial reports stated that the card would charge $200 annually. BlockFi made a 180-degree turn on this decision and launched the card without an annual fee in May. On annual expenditures exceeding $50,000, cardholders can earn 2% Bitcoin. If a customer spends $60,000 in a single year, they will be eligible to receive 2% of that $10,000 in Bitcoin.

The BlockFi credit card offers many familiar benefits for crypto ecosystem members, including trading bonuses and a referral programme. Evolve Bank and Trust issued the card.

Terry Angelos (SVP and global head for fintech at Visa) noted that crypto rewards programs can be a powerful way to welcome users into the crypto economy. Visa is eager to see more of them.

Flori Marquez, BlockFi cofounder, stated that almost everyone is aware of the role of cryptocurrency in reshaping financial markets. She added, “This card will make it simpler than ever for people who want to earn Bitcoin back while making daily purchases.

Visa is well-known for its exploration of cryptocurrency to increase the adoption of digital currencies. Cointelegraph examined in detail . Visa’s affirmation that it supports cryptocurrency payments services is a reflection of its desire to be a major player in the global network of payment networks.

Mysterious Bitcoin Maximalist Mircea Popescu Allegedly Found Dead

The network has lost one of its most controversial and polarizing figures, just as Satoshi Nakamato (the pseudonymous Satoshi Nakamato) sparked a thrilling search for the identity of the person(s) behind Bitcoin.

Mircea Popescu, a Romanian national who was a noted Bitcoin maximalist and promised to dump more than one million bitcoins if the block sizes were adjusted, drowned off Costa Rica’s coast on June 23rd. His death has not been confirmed, although outlets initially reported that he had drowned as a Polish national.

Popescu is a mysterious figure in the community. Apart from his blogging on Trilema and support for security-focused open source projects, little else is known about him. He also dedicates himself to maintaining the integrity of the Bitcoin network despite requests for larger block sizes.

He began blogging about cryptocurrency in the early years and then founded Mpex, a bitcoin exchange, in 2012. This exchange was later investigated by the US Securities and Exchange Commission. Eric Voorhees listed Satoshi DICE on Mpex, a Romanian-based gambling site that accepted bitcoin only.

After the offering was rejected by regulators, the SEC began to investigate the listing. Voorhees was eventually fined and ordered to purchase back the shares that had been listed. Popescu became famous for his trolling of the SEC and posted his correspondence with enforcement personnel on his Trilema blog. Popescu’s eccentricity was evident as he began to unravel the SEC requests and expose the flaws in their arguments about Mpex client activities.

Popescu’s dedication to open-source software is well-known, despite the fact that little is known about his professional and personal life. Popescu donated $20,000 to the 2014 non-profit foundation that runs Open BSD, an open-source operating system that has been around since 1990s. Mpex used the technology to its platform, despite the OS’s security-centric approach and Popescu’s leanings.

Popescu was mired in controversy for many years. He left behind many sayings and quotes that painted a negative picture of himself. His promise to dump one million bitcoins on the market if Bitcoin block sizes were changed (which reportedly happened in 2016), was the most serious of his antics. This earned him the nickname’Father Of Bitcoin Toxicity. Segwit2x was eventually abandoned. This initiative, which aimed to double the block size from 1MB to 2MB, cemented the network’s use of the 1MB size.

Although it has never been confirmed, it was believed that Popescu did have control over the vast sum of bitcoin. This would make him the most likely bitcoin millionaire (owners of more than one billion coins). This was not confirmed. There were concerns about his death though that 1,000,000 bitcoins might be on the market, which could cause prices to drop.

The situation is still a mystery, despite the fact that there has been no formal confirmation of his death.

MicroStrategy Has Been On A Relentless Bitcoin Buying Spree, But Are They Really On The Right Track?

Business Intelligence software company MicroStrategy has announced plans to buy more Bitcoin, a movement that has attracted the company below the radar of several crypto analysts since the company’s Bitcoin lender is currently off the roofing.

MicroStrategy declared earlier that it’d completed the purchase of $500 million in bonds to maximize its stash of Bitcoin, including that it intends to sell around $1 billion in stock to purchase more of their largest cryptocurrency. MicroStrategy is among those associations that sparked the present wave of systemic interest in Bitcoin and cryptocurrency generally after it bought 21,454 BTC on August 11, 2020, which makes it arguably among the influential BTC bulls from the crypto area.

MicroStrategy’s Bitcoin holding of last week has been 92,079 bitcoin, value roughly $3.6 billion in press time, a figure that’s predicted to reach $5 billion following the company’s most up-to-date capital increases.

Even the bitcoin holding is currently explained in the business’s filings with the U.S. Securities and Exchange Commission as a essential portion of the business’s strategy owing to the big size.

The company’s most up-to-date move has raised a few eyebrows at the crypto area as to if it’s HODLing Bitcoin that the ideal way or simply overdoing it in aftermath of this cryptocurrency’s current woes.

MicroStrategy is the planet’s biggest publicly traded company intelligence business and so must have completely grasped the dangers linked with Bitcoin prior to spending that luck on it.

But, Bitcoin’s payoff within the decades seems to outweigh its dangers, and thus the frenzied interest within it. MicroStrategy’s first purchase of 21,454 BTC at August was worth $250 million in the time and was followed by additional investments that took its own BTC Holdings into 70,470 BTC, all which was bought at a joint charge of $1.125 billion.

The worth of this company’s BTC holdings in December rose to $2.4 billion, signifying a development of over 100 percent. The worth of this company’s BTC holding farther climbed to $3.6 billion in February this year, over twice what it spent its Bitcoin buy.

MicroStrategy (MSTR) stocks also climbed to 15.9percent in the previous trading session to close at $598.49 after the organization’s Form S-3 Registration Statement filed with the SEC. The bill will observe the company provide, issue, and sell around $1 billion worth of class A shares of this company of that net profits will be utilized to buy additional Bitcoin in addition to other general corporate requirements.

Though MicroStrategy’s Bitcoin pursuit appears to be surplus, the avail every purchase clarifies its present position.