Crypto entrepreneur Bobby Lee has predicted Bitcoin will exhibit the same pattern as in the 2017 bull cycle. According to the entrepreneur, Bitcoin is destined to reach $300K in the current bull cycle before going into a three-year bear trend.
The growing demand for digital currency products from institutional investors is rising, and major US banks including Morgan Stanley hope to catch the train on time.
According to the report by the Bank of America, Bitcoin is expensive to mine, it offers a low throughput in comparison to Visa, and is very volatile to be used as a store of value.
NFTs not only bring a lot of money to holders, investors and artists, but also open up new opportunities for the gaming and art industries.
Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.
This is the first time the Oakland Athletics or any other Major League Baseball team has tested Bitcoin.
Hopes are high on this current submission because there has been a growing demand for a Bitcoin ETF in the United States.
The Fed chairman said that it will continue with its monetary easing policy through 2023 with no major hikes in interest rates. BTC price gained 6% post Powell’s comments.
Sources familiar with the matter said that the banking giant is willing to offer its wealth management exposure to Bitcoin via some products instead of direct ownership.
Bitcoin and Ethereum have seen quite a bit of volatility over the past few days, particularly over the weekend and on Monday. However, the situation seems to be under control again, as the prices are now stabilizing and the volatility is slowly letting go.
The Twitter hacker was tried and sentenced as a “Youthful Offender,” as he was yet to turn 18 when the hack was perpetrated. This helped him to avoid a minimum 10-year sentence that would have followed if he’d been convicted as an adult.
To remain competitive in a fast-changing environment, Visa has put in place measures to bridge the gap between fiat and cryptocurrencies.
In the last quarter, recent data reveals there has been a record $20 billion inflow into Bitcoin. Furthermore, retail traders have bought more Bitcoin than institutions according to the report by JPMorgan Chase.
As Bitcoin (BTC) consolidates around $56K levels, the Pantera CEO continues his bullish stand for the world’s largest crypto expecting the price to surge $10K every month and hit $115K levels by August this year.
The market cap of Bitcoin has surpassed that of the 3 biggest banks in the world combined as well as the combined value of Visa and Mastercard.