A bunch of smart folks at Matrixport, a company that deals with digital money, think Bitcoin is about to explode in the last quarter of 2024. They’ve got four main reasons why: 1. Bitcoin’s Getting Ready to Jump Bitcoin’s been trading in a pretty tight range lately. This is a classic sign that it’s about…
A big player in the crypto world just made a huge bet on Bitcoin. This “whale,” someone who owns a massive amount of cryptocurrency, bought nearly $400 million worth of Bitcoin in just two days. Why the Big Buy? This whale saw an opportunity to buy Bitcoin at a discount. Bitcoin’s price had dipped recently,…
A hedge fund manager thinks Bitcoin could skyrocket to a whopping $428,000. But there’s a catch. Bitcoin’s Big Goal: 1% of Global Assets James Lavish, the hedge fund manager, believes Bitcoin needs to become 1% of the world’s $900 trillion in investment assets. Right now, it only represents a tiny 0.15%. He’s basically saying if…
The Elliot Wave theory is a popular tool for predicting Bitcoin’s price movements. One analyst, XForceGlobal, has used this theory to forecast what could happen next for Bitcoin. A Bullish Run, Then a Big Dip? XForceGlobal’s analysis suggests that Bitcoin is currently in the middle of a bullish wave, called Wave 3. This wave is…
A new research firm, ASXN, has released a report analyzing how countries are adopting Bitcoin using game theory. They believe that game theory can help predict how nations will make strategic decisions about Bitcoin. The Game of Bitcoin Adoption The report explains that Bitcoin adoption can be seen as a game where countries are competing…
Bitcoin’s open interest is like a gauge of how excited investors are about the cryptocurrency. When it hits a new high, it means a lot of people are placing bets on Bitcoin, which can have big implications for the price. Open Interest Hits a New Record Recently, Bitcoin’s open interest soared to a new all-time…
Bitcoin has been trading below its all-time high of $73,400 for the past few months. But one analyst believes the crypto king is about to make a comeback. Bullish Charts Point To New High Melikeatrader94, a crypto analyst on TradingView, sees a bullish future for Bitcoin. They point to a recent breakout from a descending…
Trump’s Bitcoin Stance Donald Trump, running for President again, made a big appearance at the Bitcoin 2024 conference. He promised to keep all the Bitcoin the US government owns, even if it means buying more. He said the government shouldn’t sell any of its Bitcoin, which he called a “cardinal rule” for Bitcoin users. Government’s…
Michael Saylor, the Bitcoin-loving CEO of Microstrategy, has thrown out some wild predictions about where Bitcoin’s price could go in the next 23 years. Saylor’s Bold Predictions Saylor believes Bitcoin could reach a staggering $49 million per coin by 2045, giving it a market cap of over $1 quadrillion. That’s a 22% share of all…
Bitcoin has been on a roll lately, but things have been a bit quiet in the crypto world recently. However, some interesting on-chain data suggests that this calm might not last long. Bitcoin Miners Are Back in Business A popular crypto analyst, Ali Martinez, noticed that Bitcoin miners are starting to come back to the…
