Tag Archives: Bitcoin

Bloomberg’s Mike McGlone has emerged to mention that the price of bitcoin could potentially reach $170,000 come 2022.McGlone Is Always There When Bitcoin SpikesMcGlone is a leading expert when it comes to bitcoin and the price trends its follows. He commented in a recent interview that over the past year, bitcoin has followed a specific pattern of adding a zero to its price following every 12 months. For example, he comments that bitcoin ended 2019 in the $7,000 range. Now, it is trading for...

As of late, everyone appears rather bullish on bitcoin considering the asset just rose past $18,500 – the highest it’s been in roughly three years. While everyone is positive that the currency is likely to keep on shooting up, many people have different reasons for believing this, and for BlackRock’s CIO of fixed income Rick Rieder, the reason is millennials.Millennials Are Why Bitcoin Is Doing so WellMillennials are members of a younger generation that allegedly spent their teen years, or...

No doubt bitcoin has had a rather solid year thus far, but it looks like things may be on the verge of exploding even further. The currency has doubled its price in the last six months and has recently surpassed its market capitalization from 2017.Bitcoin Is Surging Like Never BeforeMany analysts believe the asset could be on the verge of reaching a $1 trillion value. One of these figures is Bloomberg Intelligence senior commodity strategist Mike McGlone, who in an interview said:$20,000...

The CEO of Visa – Alfred Kelly – is weighing in on where he sees bitcoin going in the next few months.Kelly: The Payment World Is About to Really Open UpNo doubt bitcoin has had a rather strong year (it’s probably been the only thing that’s remained strong throughout 2020). Things aren’t necessarily looking up for cash, checks and other traditional payment methods once the coronavirus is dead and gone. Kelly believes that the world is likely going to transition to digital payments in such a...

Many people keep thinking bitcoin could reach its all-time high of roughly $20,000 by the end of the year. Another analyst at Citibank published a new report claiming that bitcoin could potentially reach a price of $318,000 by the end of 2021. Clearly, everyone thinks the future of bitcoin will be a bright one, but for another person – Ark Investment CEO Cathie Wood – bitcoin is truly the future of money, and all these other predictions are being trumped by her belief that the cryptocurrency...

It looks like bitcoin has found another big fan. The second-richest person in Mexico – Ricardo Salinas Pliego – says he has just made a major investment in the digital currency, but it looks like it wasn’t FOMO or even a newfound love of crypto that inspired him to get involved. Rather, it was fear of his own government.Pliego Has Ten Percent of His Portfolio in BTCThis year has been negative in many ways, though it can easily be said that 2020 was the year for bitcoin. The currency has...

A new report details just how widespread crypto adoption has become in recent months. The report – entitled “Cryptocurrency Market – Growth, Trends and Forecasts (2020 – 2025)” – has even been added to the website ResearchAndMarkets.com, suggesting that more people are interested in learning about crypto as of late.Crypto Report: Bitcoin Adoption Is at an All-Time HighThe coronavirus pandemic has been one of the most ravaging things to strike the globe in recent times. While quite a bit of...

We’ve said it before, and we’ll said it again. Bitcoin isn’t for everyone, and it appears the digital currency is frustrating another financial expert – so much so, that this individual is stepping away from the asset completely. His name is Masayoshi Son, and he’s the CEO of Softbank.Son Is Not a Bitcoin FanIn a recent interview, Son commented that he just doesn’t understand bitcoin, and that even though he’s spent so much time tracking its movements and trying hard to invest in it, he feels...

Bitcoin, the world’s number one cryptocurrency by market cap, has got everyone feeling joy and excitement about investing again. The asset is looking to make headlines as much as it can before the end of the year, and the currency is presently trading past the $18,000 mark for the first time in roughly three years.Bitcoin Is Experiencing a New Kind of Bull RunThe currency has shot up by more than six times what it was in March. There was a time during that month that the currency was trading...

Bitcoin has shot past the $18,000 mark, the highest it’s been since 2017. The currency remains on one of the biggest runs of the past three years. Many analysts are now convinced that the asset will reach its all-time high yet again before the year is out.Bitcoin Continues to Rock the BoatSo, why is bitcoin doing so well as of late? Several industry experts are weighing in. For one thing, bitcoin is a rare asset. It was decided in 2009 when it was first brought to the financial table that the...