Tag Archives: Bitcoin

Mark Yusko, a former bitcoin and crypto skeptic, thinks the BTC price is likely to hit $100,000 by the time 2021 rolls along.Mark Yusko Has Gone From Hater to BelieverAs the chief executive and chief investment officer at Morgan Creek Capital, Yusko was – at one time – not a believer in crypto and held more faith in traditional fiat. At the time of writing, however, some of that sentiment seems to have switched, with Yusko showing a little more interest in the digital asset and acknowledging...

Matic – an alleged competitor of bitcoin – has reportedly sunk into oblivion and lost most of its value in just a matter of minutes.Matic: One of the Space’s Biggest DroopsThis is something that many crypto enthusiasts get stuck dealing with in one way or another. After all, even mega currencies like bitcoin can fall unexpectedly. BTC dropped from more than $9,500 to about $8,100 in just a few minutes during late September following the dismal opening of Bakkt.However, what makes Matic unique...

Ross Ulbricht – the man who’s serving a life sentence for developing the notorious black marketplace Silk Road – is writing letters from prison and trying to guess where bitcoin’s price will head within the next year.Ulbricht Tries to Tell Us Where BTC Will GoAccording to Ulbricht’s latest letter, the world’s primary digital currency by market cap is set to reach $100,000 by the year 2020. Thus, he now joins figures such as Charles Hoskinson, Tim Draper and John McAfee to believe that the...

It’s clear why China has suddenly become so “kind” and open-minded towards bitcoin mining… It now controls approximately two-thirds of the world’s bitcoin and crypto mining power.China: The Crypto Mining KingAccording to a new report, bitcoin miners in China control approximately 66 percent of the global hash rate, which is the measure of power that ushers one’s ability to mine and extract new coins. This is a six percent increase from the summer, when China controlled approximately 60...

Bitcoin and cryptocurrency are growing increasingly attractive to both millennials and gen Z, according to a new report.Young People Love Bitcoin and CryptoThe data stems from news that Grayscale Investment Bitcoin Trust – a firm that focuses on both bitcoin and altcoin investments – is up there with companies like Apple and Amazon as the top enterprises to garner investments from younger generations. Grayscale ultimately beat out major tech conglomerates such as Microsoft and Netflix.In...

According to crypto analyst “Dave the Wave,” bitcoin’s price could reach $170,000 by the year 2028.Dave the Wave: The Big Numbers Are ComingAt first glance, the news is a little disappointing. For one thing, many people – including venture capitalist Tim Draper – are predicting larger prices for bitcoin within shorter timeframes. In the past, Draper has gone so far as to say that BTC would reach $250,000 by the year 2022. This was later switched to the year 2023, but even still – that’s a...

Bitcoin price is under a lot of selling pressure below $7,500 and $7,600 against the US Dollar.The price is likely to tumble if it breaks the $7,200 and $7,030 support levels.There is a crucial contracting triangle forming with resistance near $7,430 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is currently struggling to stay above $7,200 and the contracting triangle support area.Bitcoin price is trading with a bearish bias below $7,500 against the US Dollar....

One source is saying that the reason for bitcoin’s recent nosedive has to do with the idea that interest in China is starting to wan.China: The Land of Bitcoin’s Life… and Death?China is arguably the biggest bitcoin haven in the world. Home to two of the world’s largest crypto miners in Canaan Creative and Bitmain, the country has become rather “kind” and open-minded when it comes to digital currency despite several steps to seemingly shut them out before. Among the maneuvers taken to prevent...

Will fiat currencies last much longer? This is the question being posed by Germany’s Deutsche Bank.Deutsche Bank Is at the Center of the Bitcoin QuestionAs we inch closer and closer towards a fully digital age, many of us are noticing that cryptocurrency seems to be rising through the ranks as a main form of money for many people. While it’s not widely accepted as a means of payment just yet, it is one of the largest speculation tools utilized today, which means it’s got a healthy percentage...

According to a new report, BNB – the official cryptocurrency of digital exchange Binance – is outperforming bitcoin as of late.BNB – The Industry’s Strongest Coin?Bitcoin has been on something of a weak roll over the past few months. Things ultimately took a nasty turn for the currency in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – opened its doors to rather lackluster reception. Following 12 months of hype...