Bitwise has predicted that in 2025, Bitcoin could hit $500,000, Coinbase will enter the S&P 500 and AI agents will drive the next “memecoin mania.”
Bridgewater Associates founder Ray Dalio referred to Bitcoin as a hard asset, saying he would choose BTC and gold over debt assets.
An executive of an American business intelligence company urged the US government to buy more Bitcoin and build a national reserve to enhance the country’s economic dominance. MicroStrategy executive chairman Michael Saylor made a controversial suggestion that the US should sell its gold reserves to build the nation’s reserve. Related Reading: US Council Sounds The […]
1971 Capital chief investment officer Brian Russ says Ethereum is undervalued and that Bitcoin, gold and silver are in a long bull market.
MicroStrategy keeps stacking Bitcoin despite BTC hitting all-time high prices, with its co-founder Michael Saylor confident that his company will still buy it at $1 million per coin.
El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law.
Bitcoin (BTC) shattered the $100,000 price milestone yesterday, reaching as high as $104,088 on Binance crypto exchange. This historic price action has prompted analysts at the trading firm Bernstein to assert that Bitcoin is well-positioned to replace gold within the next decade. Bitcoin Poised To Outshine Gold Over Next Decade, Bernstein Says In a client note released earlier today, Bernstein analysts, led by Gautam Chhugani, expressed confidence that Bitcoin will eventually assume gold’s role as a reliable safe-haven asset. The note stated: We expect Bitcoin to emerge as the new-age premier ‘store of value’ asset eventually replacing Gold over the next decade, and becoming a permanent part of institutional multi-asset allocation and a standard for corporate treasury management. On a year-to-date (YTD) basis, Bitcoin is up an impressive 141%. However, the lion’s share of these gains came following the victory of pro-crypto Republican candidate Donald Trump in the November US presidential election. Related Reading: Bitcoin Price Hits Historic $104,000: Key Factors Fueling The Surge The cryptocurrency market has seen a surge in optimism following Trump’s victory, as the president-elect is expected to create a favorable regulatory environment for digital assets. Since November 4, the total crypto market cap has climbed from $2.4 trillion to $3.9 trillion at the time of writing – a staggering 62.5% increase. In the note, Bernstein predicts that BTC may rise to $200,000 by late 2025. The trading firm’s forecast aligns with Charles Edwards’ – founder of Capriole Investments – prediction that BTC can potentially double in value within weeks, as its relatively smaller market cap enables more rapid price movements. BTC Adoption Major Driver Behind Its Success Bernstein’s bullish outlook was reinforced by Gil Luria, a D.A. Davidson analyst, who identified mainstream adoption as the key driver behind Bitcoin’s success. However, he cautioned that Bitcoin still has a “long path ahead” before it is widely accepted as a medium of exchange and unit of account. Luria added: Bitcoin’s main current application as a store of value — an appreciating, low-correlation asset that replaces gold as a hedge against a decline in economic stability. While Bitcoin is yet to achieve widespread use as a currency, it has gained significant traction as a reliable asset class for corporate balance sheets. Recently, Hut 8, a leading crypto-mining firm, announced plans to establish a strategic Bitcoin reserve. Related Reading: Bitcoin Miner MARA Buys Another 703 BTC, Increases Total Holdings To 34,794 BTC In November, video-sharing platform Rumble shared its plans to bolster their BTC holdings. At the same time, declining BTC reserves on crypto exchanges are likely adding to the asset’s supply scarcity, subsequently pushing its price upward. At press time, BTC trades at $103,172, up 7.9% in the past 24 hours. Featured image from Unsplash, Chart from Tradingview.com
Bitcoin (BTC) price surged beyond $100,000 yesterday, propelled by multiple positive developments throughout the year. The flagship cryptocurrency’s ascent has led Standard Chartered to predict that BTC could double in price to $200,000 by the end of 2025. Bitcoin Can Double In Price By 2025 End, Predicts Standard Chartered Bitcoin, the top digital asset with […]
The market price of bitcoin, priced in gold hit an all-time high of 39 ounces.
Bitcoin became a $2 trillion asset in less than 16 years, while companies like Apple and Amazon took 42 and 29 years, respectively, to reach that value.
US Senator Cynthia Lummis of Wyoming is doubling down on her efforts to legitimize Bitcoin and possibly add this digital asset to the country’s reserves. Related Reading: Ripple CEO Reacts To Trump’s Billionaire Treasury Secretary Nominee In a November 21st interview, Lummis suggested that the US Federal Reserve sell some of its gold reserves to […]
Bitcoin has often been referred to as the “digital gold,” as it has proven to be a unique asset class and, more importantly, a reliable store of value over the years. While gold surely outpaces BTC in age, both assets are commonly used by investors as a hedge against economic instability and inflation. Interestingly, there […]
The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.
Now that Bitcoin short-term price action remains bullish, driven by US President Donald Trump’s vocal support for crypto, analysts ponder the following question: How will Bitcoin perform in five to 10 years? For Galaxy Digital’s Mike Novogratz, using gold as a benchmark, Bitcoin can hit $800,000 in five to 10 years. Related Reading: Solana Rising: Key Metrics Hint At Serious Ethereum Competitor In a Bloomberg Television interview, Novogratz joins other analysts on their bullish take on the top digital asset. He added that Bitcoin will remain upward and trade at $800k in the next five to 10 years, approximating gold’s $16 trillion market value. Bitcoin To Match Gold’s Market Cap: Analysts Trump’s win is arguably one of the triggers for Bitcoin’s recent price action. A few days ago, Bitcoin edged out silver in the list of Top 10 assets in the market cap department. Today, the digital asset tops Saudi Aramco on the same list, with a valuation of $1.79 trillion. With the continuous climb in digital assets, many ask if they match gold’s market cap. According to Novogratz, the shift in market interest among the new generation of consumers and traders is helping Bitcoin. He stated that today’s investors prefer Bitcoin, which is considered a digital store of value. Aside from Novogratz, other market analysts and industry personalities use gold as Bitcoin’s benchmark. For example, Howard Lutnick and Anthony Scarammucci have also compared both assets, saying that Bitcoin will beat gold’s market cap soon. Bitcoin To Trade In $500k Level If It Becomes Part Of US Reserve The Galaxy Digital founder also predicts that Bitcoin’s price will hit $500k if the US government decides to integrate the digital asset as part of the Treasury. Novogratz made this bold projection based on the current bullish trend and potentially favorable policies for crypto. Novogratz added that if the US decides to acquire up to 1 million BTC, then this will force other governments to invest as well, pushing the demand. In addition, Trump’s support for Bitcoin and crypto is also fueling the bullish run of the asset. Novogratz Not Confident On Government’s Decision To Add BTC As Reserve Asset Although Novogratz identifies a $500k target, he thinks the US Treasury will likely not add this asset. He predicts that there’s a considerable chance the bill may not pass the Senate’s approval, although the House gives its go-signal. Related Reading: Shiba Inu Price Watch: 60% Rally Catches Whale Attention – Is More Growth Ahead? Novogratz remains bullish on Bitcoin and advises the US government to acquire more and double down on its campaign to promote digital assets. He added that the government doesn’t need to support the USD with other assets. In the same Bloomberg interview, he further shared that he’s heavily invested in Bitcoin and will welcome the possibility of the reserve bill getting approved. Featured image from Pexels, chart from TradingView
The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.
Trump has vowed to impose sweeping tariffs on Mexico and other trading partners.
An OG Bitcoin advocate made a bold forecast that demand for Bitcoin will increase rapidly in the near future, bolstering the estimates of some crypto experts that BTC is on a trajectory to hit the six-figure level. OG, short for “original gangster” or “original gangsta,” is a slang expression for someone who is exceptional, unique, or “old-school.” The BTC supporter also suggested that the coin is moving in the direction that will allow the crypto to outshine gold, the US dollar, and other major assets soon. Related Reading: Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge? Rising Over Gold, Greenback ShapeShift CEO Erik Voorhees, an early investor of Bitcoin, sees that the cryptocurrency would surpass the major assets in the upcoming months, saying that the coin has “high potential” to eclipse fundamental assets such as gold, the US dollar, and even oil. When demand for gold rises, more gold is produced. When demand for oil rises, more oil is produced. When demand for USD rises, more USD are produced. When demand for Bitcoin rises… — Erik Voorhees (@ErikVoorhees) October 29, 2024 In a post, Voorhees pointed out that when the appetite for gold rises, gold production will surge while if the demand for oil rises, more oil will be extracted. He added that more US dollars are printed, once the demand for the greenbacks soar, saying that supply for these assets would not run out in the upcoming years. However, the founder of the Venice.AI project hinted that it is not the same case with Bitcoin when demand for it increases. It is an indication that additional BTC cannot be produced because Satoshi Nakamoto, the creator of Bitcoin, only designed the cryptocurrency not to exceed 21 million coins. Bitcoin-Gold Relationship Earlier, another Bitcoiner, Max Keiser, believed that there is a relationship between the price of gold and Bitcoin price, saying that BTC price could soar because of gold. Keiser explained that for every $1 increase in gold prices, BTC prices also experienced a hike of $20, adding that since gold prices hit a record amount, Bitcoin prices are more likely to follow suit. Expecting A Bitcoin Surge Voorhees is already telling the cryptocurrency community to keep an eye on Bitcoin because he predicts that all aspects of the coin will move upward including its price. The ShapeShift executive remarked that this attribute of Bitcoin would be the main factor why demand for the coin will soar quickly. In the past few days, several crypto experts have already projected the inevitable growth of Bitcoin, saying that its price will breach the six-figure level. Related Reading: Cardano To Soar 22X? Analyst Sees Opportunity Despite On-Chain Decline 19 Million BTC Mined Reports have shown that over 19 million BTC circulating in the crypto market today, is the highest it has ever been. Analysts said many of these coins have been stored in “cold wallets” for numerous years, saying that a portion of these BTCs are owned by Bitcoin EFTs. A Chinese cryptocurrency journalist estimated that over 5% of all Bitcoins in the market are in the possession of Bitcoin EFTs with an approximate net value of $72.545 billion. Featured image from Pexels, chart from TradingView
Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
BTC price strength is already nailing new record highs against major fiat currencies, but gold is now the holy grail for Bitcoin bulls.
If Bitcoin matures as a store-of-value asset and governments continue to debase their fiat currencies, its price will surge well into six-figure territory, predicts Bitwise CIO Matt Hougan.
Tether’s USDT is the world’s largest stablecoin, with a market cap nearing $100 billion. However, like many top blockchain projects, Tether has been the subject of many questions and inquiries. And for Tether, most of the questions swirl around its reserves, which serve as its primary selling point. Related Reading: Gensler Called ‘Worst Public Servant’ […]
BTC's best years have been characterized by copper's outperformance relative to gold.
The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.
In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.
BitMEX co-founder Arthur Hayes predicts Bitcoin's price will rise alongside surging oil and energy prices if tensions between Iran and Israel boil over.
Better times for Bitcoin may lie ahead as the co-founder of BitMEX feels that the current geopolitical tensions in the Middle East may only push the cryptocurrency to rise higher. According to Arthur Hayes, the effects of war would resonate intensely in the US economy in the form of increased government spending and inflationary levels […]
Bitcoin's year-to-date return to volatility ratio is significantly lower than gold, according to analysis by Goldman Sachs.
BlackRock’s stance on cryptocurrencies—especially Bitcoin and Ethereum—has lately made headlines. While Ethereum is considered as a “technology bet,” the investment behemoth sees Bitcoin as a “gold alternative.” This point of view captures a major change in the way conventional finance is starting to welcome digital assets. Related Reading: Bittensor (TAO) Soars 130% – What’s Behind The Altcoin’s Recent Surge? The company’s findings show that people are becoming more and more sure that Bitcoin can protect against inflation, just like gold has in the past. BlackRock’s Chief Investment Officer, Rick Rieder, recently said that Bitcoin is appealing to investors who want to protect their wealth in uncertain economic times because there is a limited quantity. Many investors who are growingly concerned about market volatility and inflation will find resonance in this mindset. Bitcoin: The Modern Gold? For those looking for stability in the realm of finance, gold has traditionally been the preferred asset. BlackRock contends, though, that Bitcoin is filling in this function. As the company points out, Bitcoin’s limited supply and spread-out nature could make it a more interesting purchase than gold. Central banks around the world are printing money at rates that have never been seen before. This makes Bitcoin an even better way to save money. “More institutional investors entering the market will only speed up the acceptance of Bitcoin at an incredible rate,” says Rieder. With this new money coming in, demand will grow even faster, making Bitcoin even more of a digital gold standard. Additionally, BlackRock believes that with increased realization of worth and scarcity, the price of the blockchain will keep moving upwards. BlackRock considers Bitcoin a “risk-off” asset like gold. At a recent conference, BlackRock’s Robbie Mitchnick argued that Bitcoin might hedge against fiat currencies and government trust. Mitchnick said Bitcoin is a safe shelter for investors, especially during economic turmoil. As inflation, monetary devaluation, and banking crises develop, Bitcoin’s potential as a worldwide monetary alternative makes it important for financial security. Ethereum: A Technological Transformation Although Ethereum is seen via another perspective, Bitcoin attracts attention as a store of value. BlackRock sees Ethereum as a platform for innovation as much as a cryptocurrency. With its smart contract capability, developers may create decentralized apps (dApps), therefore transforming many sectors, including gaming and banking. Ethereum has great future potential. Ethereum demand may explode as more companies investigate blockchain technology. The analysts of BlackRock are positive about Ethereum’s future and indicate that its core technology might cause rapid increase in the coming years. Related Reading: Starknet: Long Positions Liquidated Lead To 16% Losses The Future Of Digital Assets With BlackRock continuing to invest in these types of cryptocurrencies, that spells massive influence for the financial market. The general financial market is responding in such a trend, with old-time investors now becoming conscious of the potential attached to such digital assets. Featured image from Unsplash, chart from TradingView
Bitcoin fell more than 6% early on Tuesday as a result of Iran’s missile attack on Israel, which intensified tensions in the Middle East. As soon as the market for cryptocurrencies opened up, Bitcoin dropped to its present level, a little below $61,000. Bitcoin had already fallen from about $62,200 earlier in the day, which […]