List of Flash News about fiat conversion
Time | Details |
---|---|
2025-05-24 17:54 |
Bitcoin Payments at Retailers: Do Merchants Like Steak 'n Shake Hold BTC or Convert to Fiat? Trading Implications Analyzed
According to Samson Mow (@Excellion), many merchants accepting Bitcoin payments do not necessarily retain BTC, but often convert it to fiat currency, raising questions about the actual impact on the crypto market. This distinction is crucial for traders, as widespread conversion to fiat reduces long-term Bitcoin demand and can impact BTC price stability. Monitoring how major retailers like Steak 'n Shake handle received Bitcoin payments could provide valuable insights into true crypto adoption versus surface-level marketing, directly affecting market sentiment and trading strategies (source: Twitter @Excellion, May 24, 2025). |
2025-03-28 18:00 |
Miles Deutscher Highlights Importance of Assessing Opportunity Cost in Crypto Trading
According to Miles Deutscher, traders should evaluate their portfolio by considering whether they would repurchase a crypto position at its current price if converted to fiat. This approach helps in identifying unnecessary holdings, thereby optimizing trading strategies and improving portfolio performance. |
2025-02-27 19:02 |
Pump Fun Converts $600M from Solana to Fiat in One Year
According to AltcoinGordon, Pump Fun has successfully generated $600 million from the Solana ecosystem over the past year and has converted the entire amount to fiat currency. This significant conversion indicates a potential exit strategy or portfolio rebalancing move from the Solana ecosystem, impacting the trading dynamics and liquidity of Solana-based assets. Traders should observe any market shifts or liquidity changes in Solana-related trading pairs. |