Leading Industry Exec Says the Bitcoin Bull Case Is Clear as Day
Bitcoin is the best-performing macro asset of 2020, hands down. From the start of the year, the coin is up around 150%. And since the March lows, the leading cryptocurrency has gained around 450%. But analysts think that institutional influence in the space will drive the market even higher. The Institutional Influence on Bitcoin Will Grow as Bull Case Becomes Clear Paolo Ardoino, CTO at Bitfinex, recently said that he thinks the extremely apparent Bitcoin […]
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The price of bitcoin has astonished the masses once again surpassing $40,000 per coin across crypto exchanges worldwide. With well over $28 billion in global trade volume, the leading crypto asset’s overall market valuation is now a whopping $728 billion in value. **This post has been updated at 1:50 p.m. (EST) to reflect the recent price drop. Bitcoin’s Value Soars On January 7, 2021, Bitcoin (BTC) has surpassed its previous all-time high (ATH) it reached earlier in the day, and has jumped over the $40k handle on Thursday afternoon. The crypto asset’s dominance index....
Bitcoin has very few resistance levels left to clear before a new bull run is on, and the leading cryptocurrency by market cap returns to price discovery mode in search of its next all-time high. And while that break out into a bull market draws nearer with each passing day, so far, there’s no volume […]
With a 7% increase over the past day and a 53.4% in the monthly chart, Ethereum trades at $2.636,08 and seems to be leading this alt season. Former Goldman Sachs executive, Raoul Pal, has shared data to demonstrate the bullish case is real and ETH’s potential to push into uncharted territory for the rest of […]
The CEO of Nasdaq-listed billion-dollar company Microstrategy has made a strong bull case for bitcoin. He says there is a $250 trillion ocean of assets looking for the ideal store a value right now and bitcoin is a better store of value than gold or tech stocks, so “a lot of that monetary energy is going to flow from the asset ocean into the crypto pond.” Comparing Bitcoin to Investing Early in Apple, Google, Facebook, Amazon In a webcast with Hedgeye CEO Keith McCullough, aired last week, Microstrategy CEO Michael Saylor outlined a highly bullish case for bitcoin’s....
A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a decentralized cryptocurrency, one industry exec believes. Central bank digital currencies (CBDC) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes.According to Mikkel Morch, executive director at the digital asset hedge fund ARK36, a state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a private or a decentralized....