Crypto analyst TechDev has shared his predictions for Bitcoin’s future. Blowoff Top Still to Come TechDev believes that Bitcoin has not yet reached its peak in this market cycle. He predicts a parabolic uptrend before a significant decline. Blowoff tops, where prices rise rapidly followed by a sharp drop, have occurred in previous bull cycles….
According to Jurrien Timmer, global macro director at Fidelity Investments, Bitcoin’s adoption needs to increase for it to reach new all-time highs (ATHs). Adoption and Price Divergence Timmer notes that Bitcoin’s network growth has slowed while its price has continued to rise. This divergence suggests that adoption may be lagging behind price appreciation. Bitcoin as…
AllianceBernstein’s Bullish Outlook Global investment firm AllianceBernstein has raised its price target for Bitcoin to $1 million by 2033. This prediction is based on the following factors: US Spot Bitcoin ETFs New Bitcoin exchange-traded funds (ETFs) managed by major asset managers have brought in significant investment. Analysts expect Bitcoin ETFs to account for 7% of…
Why the Third-Richest Man in Mexico Recommends Bitcoin Ricardo Salinas Pliego, a Mexican billionaire, believes that investors should buy Bitcoin to protect themselves from the devaluation of fiat currencies. The Case for Bitcoin Hedge against inflation: Bitcoin is seen as a way to protect wealth from rising prices. Store of value: Bitcoin is considered a…
Friend Request to Financial Nightmare A Washington investor lost a whopping $310,000 to Ethfinance, a crypto trading platform. The investor was lured in through a random LinkedIn friend request. Red Flags and Suspicious Tactics Ethfinance’s customer service demanded the investor send more funds to complete a “smart contract” before allowing withdrawals. This is a common…
What are PolitiFi Tokens? PolitiFi tokens connect political ideas and movements with the world of crypto. They’re often tied to specific political groups or figures, creating communities that support campaigns, causes, and ideologies. Beyond the Hype: Real Benefits PolitiFi tokens aren’t just a passing fad. They offer real-world benefits like: Donation Mechanisms: Tokens like MAGA…
Understanding and Investing in Bitcoin Rule 1: Understand or Criticize Understand Bitcoin’s potential to see the paradigm shift. Rule 2: Skepticism to Advocacy Don’t dismiss Bitcoin; its resilience and potential are evident. Rule 3: Never Stop Learning Bitcoin is complex and constantly evolving. Rule 4: Non-Geopolitical Store of Wealth Bitcoin is a stable asset in…
Market Cap Competition with Gold James Check, a former analyst at Glassnode, predicts that Bitcoin (BTC) will reach six figures during this market cycle. He believes that BTC’s market cap could eventually match that of gold. Price Targets Check estimates that BTC’s fair value is around $1.2 million Australian dollars ($803,034 USD), based on its…
Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has announced that Ethereum (ETH)-based exchange-traded products (ETFs) are expected to receive full approval by the end of summer. Partial Approval Earlier This Year In May, the SEC partially approved applications from several financial institutions, including BlackRock and Fidelity, to create ETH ETFs. However,…
A former employee of Truist Bank, Derrick Alan Smith, has been accused of stealing over $24,000 from customer accounts. Embezzlement Scheme According to the Federal Deposit Insurance Corporation (FDIC), Smith used blank checks to withdraw funds from four different customer accounts without their knowledge or consent. The transactions occurred between April 23, 2019, and October…
