Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst-case scenario” That’s according to analyst PlanB, who on Sunday released his latest sentiment-busting bullish BTC price prognosis. Bitcoin to match all-time high in October Well known as the creator of the stock-to-flow Bitcoin price forecasting models, PlanB has repeatedly bucked the overall market mood in recent weeks and months. Even as BTC/USD sees multiple retests of lows from months past, the analyst — and his models — remain firmly fixed on a far brighter mid-term goal for the largest cryptocurrency. Now, …

While countries like El Salvador have welcomed Bitcoin with open arms, other regions are pushing to legally ban the digital currency. Although this may be, some industry experts believe that Bitcoin (BTC) is here to stay — for good. For example, during an exclusive interview at Bitcoin 2021 in Miami, Yoni Assia, CEO of eToro, told Cointelegraph that he considers Bitcoin to be the “king of crypto,” noting that the most popular digital currency is here to stay: “I'll be surprised if we don't see a significant rise in the price of Bitcoin over the next three to five years, …

Bitcoin (BTC) may be just 10 years away from seeing mass adoption in an event known as "hyperbitcoinization." That's according to participants of the Bitcoin 2021 conference in Miami, who on June 4 delivered surprisingly optimistic verdicts on when hyperbitcoinization will come. Bitcoin could be unit of account by 2031 Speaking on a panel, The Bitcoin Standard author Saifedean Ammous, Unchained Capital head of business development Parker Lewis and Kraken growth lead Dan Held all gave their deadlines for when Bitcoin will effectively take over global finance. "I'd say a decade," Lewis began. "I think that based on how Bitcoin …

Following the worst May for Bitcoin’s (BTC) price in the past 10 years, the largest cryptocurrency is likely to continue falling in the short term, according to JPMorgan analysts. Weakened institutional demand is likely to drag the Bitcoin price below $30,000, JPMorgan strategist and Bitcoin expert Nikolaos Panigirtzoglou wrote in the latest research note to clients. Based on Bitcoin’s volatility ratios to gold, the JPMorgan analyst forecasted that Bitcoin will continue to trade between $24,000 and $36,000 in the mid-term. “The fair value for bitcoin based on a volatility ratio of Bitcoin to gold of around x4 would be 1/4th …

This is Part Two of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated price of Bitcoin. The market moves in bubbles In recent months or even years, there’s been a lot of talk about the bubbles developing in the bond markets. Newspapers — both financial and non-financial — talked about it, with specialized television stations and prestigious “macroeconomists” …

Stack Funds — an issuer of crypto access products that include trackers, indexes and structure vehicles for institutions — has released a new report predicting that Bitcoin (BTC) dominance is set to ratchet back up to former highs in the near future. As of the start of 2021, Bitcoin dominance — the cryptocurrency's share of the total market capitalization of all crypto assets — has been on a steady decline, down from 72.3% in January to roughly 40% this week. As Stack Funds' head of research Lennard Neo notes, that figure represents a three-year low since May 2018. Whilst BTC …

The price of Bitcoin and many cryptocurrencies may have taken a double-digit percentage drop in the last 24 hours, but some crypto experts still seem to be cautiously optimistic about the market as a whole. In an interview on CNBC’s Squawk Box on Wednesday, Galaxy Digital founder Mike Novogratz said that it was “going to take a while” for crypto markets to consolidate and find a bottom as the price of Bitcoin (BTC) dipped to $30,000 earlier in the day. Novogratz’s comments came when the price of the crypto asset was roughly $38,000, having been more than $42,000 at the …

Australians’ knowledge of cryptocurrency could use some improvement, as more than half of them think that Elon Musk created Bitcoin (BTC), according to a new survey. Finder, Australia’s most visited comparison website, conducted a survey of 1,004 Australians to find out more about what they know about crypto, The Australian reported on Wednesday. According to the survey results, 56% of Australians are unaware of mysterious Bitcoin creator Satoshi Nakamoto, believing that Tesla CEO and SpaceX founder Musk is the founder of the world’s largest cryptocurrency. A significant number of respondents also did not know that the Bitcoin supply is limited …

Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC’s “Chartmaster.” In an appearance on the network’s Fast Money segment on Monday, Carter Worth, chief market technician of Cornerstone Macro, warned that the BTC bottom may be far from in. Pick your average for a Bitcoin price floor Analyzing recent price activity and comparing it to past Bitcoin bottoms, Worth said that current levels at around $45,000 represent the top of a support zone. “Were we to go down 55%, we’d be in the lower end of support,” he summarized. “I …

The founder and CEO of Avanti Financial is claiming Tether’s recent disclosure about the stablecoin's reserves may have contributed to the altcoin selloffs last week. In a series of Saturday tweets, Caitlin Long said that Tether Holdings Limited’s breakdown of Tether’s (USDT) reserves were not invested in “short-term, lower-risk, liquid securities,” but rather credit assets of “who-knows-what quality.” The Avanti CEO claimed traders may have felt compelled to sell other cryptocurrencies to reduce their total risk exposure, given that the stablecoin — ranked sixth with a $58 billion market cap — has the potential to bring down other tokens amid …

Amid the price of Ether reaching an all-time high this week, businessman Kevin O'Leary still believes Bitcoin will stay on top of the token. Speaking to CNBC yesterday, the Shark Tank star said Ether (ETH) was "always going to be number two" to Bitcoin (BTC) despite the token reaching an all-time high price of more than $2,600 at the time of the interview, and more than $2,700 at the time of publication. The price of Bitcoin, on the other hand, has been volatile in April, rising to a new all-time high of more than $64,000 while later falling under $50,000. …

Bitcoin (BTC) is still on course to hit $100,000 this year, and its recent dip is “unchanged price action.” That was the conclusion of one of the industry’s best-known investors as BTC/USD recovered from its trip to near $46,000. Tapiero eyes “very rare buy signal” for Bitcoin... In a tweet on Tuesday, fund manager Dan Tapiero revealed that he had been “inundated” with concerned clients over Bitcoin’s recent price dip. There was, however, no need to panic. Highlighting a technical (TD sequential) buy signal not seen since the March 2020 crash to $3,600, Tapiero gave hope to those wondering what …