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As Bitcoin continues to discover new prices, not all are on the side of BTC and its future. NYU economist Nouriel Roubini still believes Bitcoin “is a bubble”.
In the last three months, BTC volatility stood at 87% versus 16% for gold according to JPMorgan.
The last time XRP dropped to that position was in June 2014, when it fell below the meme coin Dogecoin.
Just as BTC crossed the $50,000 milestone with a convincing rally backed by institutional players, analysts have turned bullish saying Bitcoin is all set to surge past $100K and above this year.
Bitcoin has turned indomitable surging another 5% in 24-hours with BlackRock announcing its entry in BTC. The world’s largest asset manager said that Bitcoin is a potential asset class to put its excess cash to work.
The 250-year-old auction house will be auctioning an NFT of one of the most popular digital artists Beeple. For this, Christie’s has partnered with the digital marketplace MakersPlace.
Wedbush noted the probability of less than 5% that public companies will adopt BTC over the coming 12 to 18 months.
Bitcoin futures contracts (BTCG2021) on the Chicago Mercantile Exchange, hit a high of $50,500 today.
Bitcoin has started the week strong. Bitcoin has set a new high, reaching as high as $50K on some exchanges early Tuesday.
The recent surge in the price of Bitcoin came after a series of events that show the wider adoption of Bitcoin globally.
The news about the Morgan Stanley Unit Counterpoint Global’s probable bet on Bitcoin has sent the price of the currency to a new all-time high.
A move by US banks to adopt Bitcoin could be a huge call to legitimize the entire crypto industry and is likely to influence other global banks.
BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.
BNY Mellon said that the bank will leverage its in-house technical expertise as well as collaborate with other FinTech industry players to speed up its development of crypto custodial solutions and provide the best services to its clients.
Uber’s comment on considering crypto payments came after electric vehicle company Tesla announced its Bitcoin investment.