Bitcoin News: Declining Active Addresses Raise Concerns for Potential Price Volatility
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Recent data shows a significant decrease in active addresses on the Bitcoin network, indicating lower demand and investor interest. Analysts and traders are concerned about the potential impact on BTC's price volatility.
Declining Bitcoin Active Addresses Signal Potential Price Volatility
Bitcoin has faced notable challenges recently, with its network activity showing signs of weakening. Despite a slight gain, BTC has struggled to maintain upward momentum and is currently hovering below $100k. The latest data reveals a significant drop in active addresses on the Bitcoin network, indicating lower demand and investor interest. This trend is concerning for analysts and traders as it could signal potential price volatility in the NEAR future.
VanEck's Matthew Sigel Claims Jack Dorsey is Satoshi Nakamoto
On February 18, 2025, Matthew Sigel, Head of Digital Assets Research at VanEck, made a bold claim that Jack Dorsey, the co-founder and former CEO of Twitter, is the enigmatic creator of Bitcoin, Satoshi Nakamoto. Sigel backed his assertion with evidence compiled by entrepreneur Sean Murray, citing technical parallels, circumstantial links, patterns, uncanny coincidences, motive, and ability. While the evidence is not definitive, Sigel urges the community to participate in revising and scrutinizing the arguments. The search for the real Satoshi Nakamoto continues, despite many Bitcoin supporters believing that the anonymity of the creator is part of its perfection.
UAE's Mubadala Reveals $460M Investment in BlackRock's Bitcoin ETF
Abu Dhabi’s Mubadala Investment Company has invested $460 million in BlackRock’s Bitcoin ETF, highlighting a growing trend of governments and institutions moving toward Bitcoin as a strategic reserve asset. Abra CEO Bill Barhydt suggests this move could encourage other sovereign funds to follow suit.
Strategy’s Saylor Urges US to Buy 20% of Bitcoin’s Supply
Michael Saylor, executive chairman and founder of Strategy, has advocated for a maxi-sized Bitcoin reserve in the United States. Speaking at CPAC, he advised the U.S. government to purchase 20% of Bitcoin’s supply, arguing that it would ensure cyberspace dominance and strengthen America’s lending power. Saylor believes there's only room for one nation-state to buy such a large percentage of the Bitcoin network, and he thinks it should be the United States. This endeavor would cost $392 billion at today’s prices.
US Bitcoin Miners Pivot to AI and HPC Amid Fee Revenue Uncertainty, VanEck Reveals
Bitcoin (BTC) miners are increasingly shifting their focus to artificial intelligence (AI) and high-performance computing (HPC) due to inconsistent transaction fee revenues, according to a recent VanEck report. The report noted that while network congestion can temporarily boost fees, long-term growth in on-chain revenue is uncertain because of the rise of off-chain solutions like ETFs, futures markets, layer-2 solutions, and centralized exchanges. As block rewards halve every four years, miners must adapt to maintain revenue levels, highlighting the importance of diversification strategies like pivoting to AI and HPC.