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Showing posts with the label inflation hedge

Rumble Buys $17M in Bitcoin as Part of New Treasury Strategy

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The video-sharing platform Rumble has announced the purchase of $17 million in Bitcoin as a part of its new treasury strategy. Indeed, the company took to X (formerly Twitter) to reveal that it has added 188 BTC to its holdings at an average price of $91,000 per Bitcoin. Rumble joins a growing list of companies that have increased their Bitcoin holdings over the last year. It was Michael Saylor’s strategy that was among the first to do so. Since the company started purchasing the leading cryptocurrency in the summer of 2020, it has spent $21 billion on the asset. JUST IN: Rumble buys 188 Bitcoin worth $17.1 million. — Watcher.Guru (@WatcherGuru) March 12, 2025 Also Read: Bitcoin: Analyst Predicts When BTC Will Bottom Out in Price Rumble Announces New $17 Million Bitcoin Purchase The last two years have seen a massive shift take place in the cryptocurrency market. Although 2025 has seen prices struggle to increase, the talk of favorable regulation on the horizon is set to lead the ...

Eric Trump praises Bitcoin, predicts it will hit $1M at Bitcoin MENA 2024

Eric Trump has predicted Bitcoin will hit $1M, citing its scarcity and potential. Eric compared Bitcoin’s adoption to email, emphasizing early adopter advantages. Eric lauded Bitcoin as a hedge against inflation, instability, and global risks. Eric Trump, executive vice president of the Trump Organization and son of US President-elect Donald Trump, delivered a stirring keynote address at the Bitcoin MENA event in Abu Dhabi on December 10, 2024. In his speech, he confidently predicted that Bitcoin’s price would one day surpass $1 million per coin, describing it as a transformative force in the global economy. Eric Trump highlighted Bitcoin’s unique qualities, emphasizing its limited supply of 21 million coins, decentralized structure, and potential to serve as a hedge against inflation and political instability. “Bitcoin is not just another investment,” he stated. “It’s a global asset, a store of value, and a safeguar...