Coin Stories News Block: Bitcoin Price Hits New ATH Then Crashes, Fed Cuts Rates, Could Quantum Computing Kill Bitcoin?, Bitcoin Mining Powering the AI Revolution
Dec 19, 2024
Bitcoin has surged to a new all-time high of $108,000, but the Federal Reserve's inflation policies have sent it into a slight decline. There's a deep dive into how Bitcoin can be a vital financial resource in tough economic times. The discussion raises intriguing concerns about quantum computing's potential threat to Bitcoin's security. Additionally, it highlights how Bitcoin mining is not just about currencies but is also powering advancements in the AI revolution.
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Bitcoin's Volatile Rise
- Bitcoin hit a new all-time high before dropping after the Fed's statements.
- Despite this volatility, the bull run's momentum remains strong.
Market Reaction to Fed Cuts
- The Fed cut rates for the third consecutive time, yet stocks and Bitcoin fell.
- This drop occurred despite the cuts because Powell expressed inflation concerns.
Bitcoin Ownership Opportunity
- Individuals can still acquire Bitcoin before governments and central banks.
- This is an opportunity to participate in a valuable capital network.