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

The crypto world saw some big action this past week. Let's break it down. First up, a Bitcoin whale made a huge splash. Owen Gunden, an early Bitcoin investor, sold off his entire stash. That's right, 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. Meanwhile, 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. In other news, 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. But not everyone is bullish on 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, 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.