Big Moves in Crypto: A Week of Whales, ETFs, and Bold Statements

Bitcoin Whale Makes Huge Splash

Owen Gunden, an early Bitcoin investor, sold off his entire stash. He cashed out a cool $1.3 billion worth of Bitcoin. He's been holding onto these coins since 2011. This sale happened during a rough patch for Bitcoin, with prices dropping sharply.

Dogecoin Celebrates New ETF

Dogecoin had a reason to celebrate. A new ETF hit the Nasdaq exchange. This ETF is designed to give investors leveraged exposure to Dogecoin. The official Dogecoin handle even tweeted a playful "Much congrats" to mark the occasion.

Michael Saylor Stands by Strategy Inc.

Michael Saylor, the big boss at Strategy Inc., stood by his company's business model. He believes it can handle Bitcoin's ups and downs. According to Saylor, as long as Bitcoin grows by 1.25% each year, Strategy can keep paying dividends to its shareholders.

Peter Schiff Criticizes Bitcoin

Peter Schiff, a well-known critic, had some strong words. He thinks the only way Bitcoin could hit a new all-time high is if the U.S. government buys a massive amount for its Strategic Reserve. Schiff sees this as a potential bailout for Bitcoin speculators, funded by taxpayers.

Charles Hoskinson on Trump-Era Crypto Boom

Charles Hoskinson, the mastermind behind Cardano, shared his thoughts on the Trump-era crypto boom. He described it as a "rib-crushing hug" that messed with the market's usual cycle. Hoskinson believes the political enthusiasm during that time caused an irrational surge of capital, disrupting the typical four-year rhythm of the crypto ecosystem.