Nasdaq is going to launch a new tool for predicting the price movements of cryptocurrencies in November. The service will support 500 crypto assets. Currently, it is being tested.
Here is a look at the latest developments and expert opinions on Bitcoin, the cryptocurrency market regulations and the arrival of Bitcoin ETF.
Billionaire investor Marc Lasry supported crypto optimists, saying that the price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade.
An anonymous investor bet Bitcoin will surpass Berkshire Hathaway’s stock by 2023, which means Bitcoin will have to appreciate by more than 40 times by that time. If the investor is right, he will win US $888 million.
Many experts from the industry believe that Bitcoin can slip further to bottom out in the range of $3000-$5000 before starting its upwards journey to $20000.
Kelly believes that the current developments in the cryptocurrency market might give a short-term pain but will prove to be fruitful in the long-run.
Although the cryptocurrencies market now is in its declining trend, Tom Lee is still very positive about the future of Bitcoin.
Lee also some of the reasons which caused the resistance for the Bitcoin price rally last week.
While some traditional investors try to discourage people from investing into cryptocurrencies, Mike Novogratz believes that investing in crypto is a must.
The latest correction in Bitcoin has brought it close to the dangerous levels of a “death cross” but analysts still prefer to remain bullish as many say the pain is “largely over”.