After Cardano surged to become sixth-biggest cryptocurrency by market cap last week, Messari co-founder and CEO Ryan Selkis still believes traders could buy and stake more of the altcoin. In his newsletter, Seliks said lower staking rates for Cardano (ADA) could mean a higher reward payout for investors who are “wondering if they’re late to the party.” The Messari co-founder says one of the catalysts for the token’s recent surge — up 85% as of July 8 — is Shelley, an upcoming possible hardfork upgrading its ecosystem. “The potential discrepancy between staked and un-staked ADA however, could bode well for …

A new report analyzing on-chain activity says that Bitcoin (BTC) is now due for a bullish phase based on supply movements. Published by asset manager Stack Funds on July 2, the findings suggest that 90-day active supply is dictating bullish potential for BTC/USD. BTC price to rise “sooner rather than later” Publishing an accompanying chart for the metric, Stack argued that it has important implications for historical price behavior. “The data provides an indication of two folds. Firstly, the 90d % of Bitcoin active supply has tapered over the past 3 years, from 36% to 17%, suggesting that investors’ time …

Prominent members of the crypto community continue to express skepticism over the stock-to-flow, or S2F, chart, a Bitcoin (BTC) price prediction model recently revised by analyst PlanB. Nico Cordeiro, Chief Investment Officer (CIO) at crypto quant fund Strix Leviathan, called S2F a “chameleon,” a term from Stanford professor Paul Pleifderer describing models built upon dubious assumptions. “The model’s accuracy will likely be about as successful at forecasting Bitcoin’s future price as the astrological models of the past were at predicting financial outcomes,” Cordeiro said. Revisions to past models Cointelegraph reported on June 1 that PlanB had updated its signature chart, …

Bitcoin (BTC) may be struggling to hit $10,000, but its progress is right on track, new stock-to-flow data confirms. Adding a new update to his model on July 1, stock-to-flow model creator PlanB showed that Bitcoin is behaving exactly as its bullish history demands. Bitcoin adds second “red dot” The BTC S2F Cross Asset Model, or S2FX, uses color-coded dots to analyze Bitcoin price action relative to the date of its next block reward halving. Dots immediately after halving, like at present, are in red and historically precede a jump in Bitcoin's price, which PlanB often refers to as being …

Bitcoin (BTC) will hit $500,000 because the United States will start a giant hash war with Iran and Venezuela — and it’s already started. In the latest episode of his "Keiser Report" TV show, Max Keiser predicted that the Iranian and Venezuelan regimes would force the Trump administration to embrace BTC. Keiser: God is looking at us through the Bitcoin protocol Thanks to Tehran potentially controlling 3% of the Bitcoin hash rate already and Venezuela — briefly — accepting BTC payments, the U.S. joining the fight for Bitcoin supremacy is only a matter of time. “Iran has already got 3% …

A new report from a crypto research group suggests that the price of Bitcoin could approach $400,000 in the next 10 years, with altcoins following its bullish example. In the June 2020 edition of the Crypto Research Report, researchers predicted the price of Bitcoin (BTC) and other altcoins — Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM) — would get a huge surge before 2025, which may continue for at least five years. “We believe that Bitcoin is still at the very start of its adoption curve,” the report states. “The price of $7,200 at the end of …

Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level. Bitcoin Bollinger Bands. Source: Bloomberg The latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating. He speculates that due to the decreasing volatility, Bitcoin price Bollinger Bands are at its lowest point ever. $6,500 — $13,000 critical range In his opinion, Bitcoin is priming to break out of the upper resistance level of $13,000. At the same time, he says that it is critical that price does not fall below $6,500: “Our graphic shows the upward sloping 260-day moving average on …

Bitcoin (BTC) skeptics such as Peter Schiff and Mark Cuban will all buy “huge” amounts of the cryptocurrency, Max Keiser promises. In a tweet on June 26, the famously outspoken RT host said that he “100% guarantees” that some of Bitcoin’s biggest naysayers will ultimately flip bullish. “They’ll go all-in with huge buys” Gold bug Schiff, Cuban, and investor Jim Rogers will at some point fly the flag for Bitcoin instead of any alternative. “@PeterSchiff Jim Rogers, @mcuban and other pre-coiners represent huge pent-up #Bitcoin buying demand,” Keiser wrote. “When they finally understand it, they’ll go all-in with huge buys. …

Bitcoin (BTC) could crash to $6,000 and still remain bullish, one trader claimed on June 26 as the largest cryptocurrency tested $9,000 support. In a Twitter analysis, the popular trader known as SteveCrypt0 offered an alternative to the bearish sentiment coming from markets this week. Trader: $6K is “healthy correction” With BTC/USD circling $9,200, analysts are broadly risk-off. Broad correlation with ailing stock markets has sparked multiple warnings that a failure to keep support at current levels could spell a fresh downturn. For SteveCrypt0, however, even a worst-case scenario would not necessarily spell the end of the Bitcoin bull case. …

Chamath Palihapitiya, the billionaire CEO of Social Capital and Virgin Galactic Chairman, has called Bitcoin a type of disaster insurance against governments making bad financial decisions. In an interview with Unchained Podcast on June 23, Palihapitiya said hard-working people need something like Bitcoin as insurance, as the cryptocurrency is “really fundamentally uncorrelated” to the consequences of legislators behaving badly. However, the CEO pointed out that for the Bitcoin price to skyrocket at this point, things would have to go terribly wrong in the financial system, with disastrous impacts on your friends and family. “If your Bitcoin bet pays off,” Palihapitiya …

Bitcoin (BTC) coming to PayPal and Venmo may be just a rumor, but some of the cryptocurrency’s best-known names are turning bullish. As the news hit that the payment processor was allegedly planning crypto buying and selling for its 305 million users, BTC/USD spiked to test resistance at $9,600. Keiser: PayPal will fuel “global hash war” Despite PayPal declining to confirm its plans, a wave of optimism has since flooded social media, with various figures welcoming the move while highlighting its irony. “Slowly, then suddenly,” the @Bitcoin Twitter account summarized. For RT host Max Keiser, the move appeared tied to …

The investment guru who said Bitcoin was in a bubble as early as 2017 recently speculated that all cryptocurrencies will be gone eventually. In an interview with the Asahi publication AERA dot on Friday, investor Jim Rogers said cryptocurrencies including Bitcoin (BTC) “will be in decline eventually and everything will go to zero." "Those who use cryptocurrency think they are smarter than their governments,” Rogers said to AERA dot. “In fact, I think they are correct. But their governments have something that crypto people don't have. That is guns. The reason why I think cryptocurrency will be gone eventually is …