The Bitcoin (BTC) price is heading to $50,000 in 2021, says the best-selling author of Rich Dad Poor Dad, Robert Kiyosaki. Kiyosaki pinpointed that a “wall of institutional money” is coming to Bitcoin in 2021, which could push the price up further. Why is Kiyosaki talking about institutional interest in Bitcoin? Kiyosaki, who is also a real estate mogul and an investor in precious metals, has historically liked various stores of value including silver. Based on the institutional inflow into Bitcoin, Kiyosaki noted that BTC below $20,000 is ideal, as $50,000 is the next target. He said: “Glad I bought …

Bitcoin (BTC) poses a significant threat to the world’s reserve currency, the United States dollar, according to a strategist at major American investment bank Morgan Stanley. Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, believes that the dollar’s reign is likely to end due to global distrust in traditional finance, while Bitcoin is likely to capitalize on that lack of confidence. In a Dec. 9 article in The Financial Times, Sharma provided a brief outline on the history of the world’s reserve currencies, noting that the dollar’s run had lasted 100 years at the start of 2020. According …

According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a "conservative" target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally. There are two key data points that suggest Bitcoin’s ongoing rally could explode higher. First, “HODLers,” or long-time BTC holders, aren't moving their funds for longer than in previous rallies. Second, BTC held on exchanges continues to decrease, which reduces selling pressure. A bullish Bitcoin re-accumulation phase is happening The re-accumulation of Bitcoin has remained a consistently bullish trend throughout 2020. It has continuously …

Bitcoin (BTC) hitting $300,000 in just one year’s time is “not out of the question,” popular statistician Willy Woo says. In a series of tweets on Dec. 1, Woo stated that he has “never been so bullish” on Bitcoin’s prospects for 2021. Woo eyes “amplified bullish feedback loop” Discussing potential price trajectory, he confirmed that he was looking at six figures by December next year. “My Top Model suggesting $200K per BTC by end of 2021 looks conservative, $300K not out of the question,” one post read. “The current market on average paid $7456 for their coins. You all are …

Cryptocurrency-related fraud and theft are likely to grow in the post-COVID-19 world, according to a new report by cybersecurity and antivirus provider Kaspersky Lab. Securelist, Kaspersky’s cyberthreat research arm, published a report on cyberthreats to financial organizations, forecasting some specific types of financial attacks that are likely to surge in 2021. Securelist has predicted that a wave of poverty fueled by the COVID-19 pandemic will inevitably lead to “more people resorting to crime including cybercrime.” That could also mean a rise in crimes related to Bitcoin (BTC). According to Kaspersky’s research arm, Bitcoin is likely to be the most attractive …

Gnosis, an Ethereum-based platform that facilitates betting on events and other metrics, revealed plans for its own decentralized autonomous organization, or DAO, called GnosisDAO. “This will have the effect of progressively decentralizing Gnosis as a project using a native governance framework powered by their token economy, bringing governance to the coming internet of value,” according to a public statement Monday sent to Cointelegraph. In addition to its prediction markets wing, Gnosis has a multisignature Ethereum-based digital asset storage platform. GnosisDAO involves Gnosis’ prediction markets and its multisig wallet operation. Essentially, DAOs run ecosystems automatically, based on a set of rules. …

Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph. Speaking in an interview with Cointelegraph Markets analyst Michaël van de Poppe on Nov. 18, Saunders described current conditions as a “perfect backdrop” for new highs. Saunders: $1M Bitcoin price by 2035 “It’s either going to keep going like right now in the next few weeks and get to $20,000 very quickly, or it’s going to have its bit of a range now and then hopefully positive into next year,” he said. Saunders was speaking as BTC/USD came off …

Bitcoin (BTC) hitting new all-time highs by Christmas is beginning to look conservative, but one analyst called current levels back in August. As noted by consumer investment service Swan Bitcoin on Nov. 18, the co-founder of The Investor’s Podcast Network, Preston Pysh, predicted 90% end-of-year returns for BTC/USD when the pair traded at $11,400. Pysh: 2020 gains could be “insane” “You should be making a new all-time high by Christmas 2020. That means we’ve got 80–90% upside from here, which is insane, right because there’s not that many more months between now and Christmas,” Pysh said during an episode of …

Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble. In a Nov. 17 interview with Russia’s news agency RBC, Zhao argued that “a lot of DeFi projects are already in a bubble, and I also believe that there are some signs of a bubble in the DeFi industry, but this does not mean that DeFi will eventually disappear entirely.” Zhao went on to say that the DeFi industry has a lot of potential for growth, noting that DeFi still …

A recent Bitcoin (BTC) technical analysis reportedly prepared by CitiFX for its institutional clients points to a potential high of $318,000 sometime in December 2021. In a supposed note to clients seen by Twitter commentator Alex on Nov. 14, Citibank managing director Tom Fitzpatrick looks at the long-term trend of Bitcoin price, characterized as it has been by “unthinkable rallies followed by painful corrections.” Notably, the three major bullish periods of BTC so far have been increasing in length. Initially, there was a 10-month run from 2010–2011, followed by a two-year run from 2011–2013, and finally a three-year run covering …

First announced in October 2019, China’s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities. According to the BSN introductory white paper, the project serves as an “information infrastructure” designed to advance the development of smart cities for the emerging digital economy. The white paper also explains that the goal of the BSN is for cities to build one or more public city nodes that are linked via the internet to form a nationwide — and eventually, worldwide — physical city node …

A bullish Brian Kelly of CNBC’s Fast Money said today that Bitcoin’s gains may extend to a full year after the halving — which many members of Crypto Twitter immediately took as a major sell signal. In a Nov. 12 interview on CNBC, Kelly said to host Melissa Lee that the surge of high-profile and institutional investors moving toward Bitcoin (BTC) could mean a bullish future for the cryptocurrency. Asked for a price prediction, he instead said: “There’s a lot of scope for upside. Most of the gains that come are the year after the halvening, and we’re seven months …