Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K
Despite apparent sentiment shifts following this week’s price dip, experts are predicting Bitcoin will potentially reach $400,000 eventually. Go to Source Powered by WPeMatico
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Bitcoin can reach $400K in 2021 as ‘risk-off reserve asset’ — Bloomberg
With institutions demanding protection from inflation and dollar depreciation, historical trends could see BTC/USD 8X from current prices, says Bloomberg Intelligence. Go to Source Powered by WPeMatico
Bitcoin ‘pushing aside’ gold as a store of value — Senior Bloomberg strategist
Technical and fundamental support for Bitcoin is growing — possibly at the expense of gold. Go to Source Powered by WPeMatico
Experts divided on BTC predictions: Bullish or super bullish?
From crypto advocates to former skeptics, pundits are outdoing themselves to predict ever higher prices for Bitcoin. Go to Source Powered by WPeMatico
Canadian Bitcoin ETF predicted to hit $1B AUM by Friday: Bloomberg analyst
Eric Balchunas said the Purpose Bitcoin fund could surpasses all other ETFs in Canada within two months, “barring a nasty selloff.” Go to Source Powered by WPeMatico
Bitcoin energy debate resurfaces with calls for ‘green hackers’ to attack network
“If you’re not a green hacker, and you’re not doing it for the planet, you can also do it for the money: by speculating downward on the price of Bitcoin before launching attacks.” Go to Source Powered by WPeMatico
Analysis Shows Bitcoin Whales Are Stockpiling, but ‘BTC Ownership Is Not Highly Concentrated’
During the last few months, a few reports from mainstream media (MSM) outlets tried to prove that a large sum of bitcoin is controlled by a small group of people. Recently, Bloomberg claimed that “2% of accounts control 95% of all bitcoin,” a claim that doesn’t hold weight to onchain analysts. On Tuesday, Glassnode researcher … Read more
Bloomberg’s Mike McGlone says BTC could be headed to $50K as gold loses appeal
The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024. Go to Source Powered by WPeMatico
Grayscale is buying BTC 54% faster than it is mined so far in 2021
Grayscale is continuing its BTC accumulation spree, snapping up more than 40,000 BTC in just 16 days. Go to Source Powered by WPeMatico
Bitcoin whale explains to Bloomberg why crypto volatility will decline
The CEO of One River Asset Management believes BTC volatility will decline as its price continues to climb. Go to Source Powered by WPeMatico
