The surge in Bitcoin price over the past months has triggered Wall Street analysts to increase their price target. At the beginning of the year, JPMorgan analyst Nikolaos Panigirtzoglou said BTC could reach $146,000.
Though Bitcoin price dropped today, the coin is up almost 30% in the last 30 days.
Bitcoin (BTC) tanked more than 10% in one of the sharpest drops so far in 2021. The world’s largest cryptocurrency has shaken the market sentiment following which the overall crypto market lost 10% valuations.
Guggenheim’s Scott Minerd has confirmed the firm’s exposure to Bitcoin, following the filing with the Securities and Exchange Commission (SEC) to “seek investment exposure to Bitcoin through Grayscale’s Bitcoin Trust product”.
The brain behind the Bitcoin.org website said that all the allegations from Wright and his lawyers are false.
FinCEN’s recently proposed crypto wallet regulations has been the subject of major criticism from major players in the crypto industry as many experts believe it would be technically almost impossible for many crypto projects to comply.
If confirmed, Michael Barr would be the second appointee to the OCC with crypto experience.
On Thursday, the leading cryptocurrency keeps correcting, declining to $34,738 USD.
BlackRock’s SEC filing suggests that the fund manager is seeking exposure to investing in Bitcoin Futures for two of its funds. The world’s largest asset manager shall be waiting for an SEC nod to invest in Bitcoin (BTC).
Bohdan Prylepa believes that the biggest strength of Blockchain comes from the fact that it is run by its users.
The initial tranche will see 500 pieces of equipment delivered within May and June. Then each month 900 pieces of equipment would be delivered over the course of the year.
Respondents of the Deutsche Bank survey stated that Bitcoin and the tech stocks are likely to correct over the next 12 months. They view Bitcoin and companies like Tesla in the bubble territory as both have appreciated 10x since the March 2020 lows.
Per the survey, a record number of investors expected higher inflation over the course of this year.
Grayscale Bitcoin Trust pockets another 16,000 Bitcoins in a single day taking its net asset under management above $23 billion. The recent BTC purchase was 18x more than what Bitcoin miners added to the supply.
The ETP product is set to complement CoinShares’ strategy in pushing Bitcoin into the mainstream cycle of adoption.