• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / Archives for Bitcoin (BTC)

Bitcoin (BTC)

Bitcoin Glorified By Jack Dorsey As He Justifies Trump’s Twitter Ban

January 14, 2021 by Sahana Kiran

2021 started off on a good note for the crypto-verse as Bitcoin rose up to a high of $40K. The United States, however, was subject to extreme unrest. The world had only seen such things in movies, a few citizens of America turned reel into reality by attacking the US Capitol. While Trump was scheduled to give up his office to Joe Biden, Trump’s supporters stormed into Capitol Hill protesting Biden’s win. Several deaths and arrests later, numerous social media platforms decided to ban Trump as he was expected to insinuate and prolong the riots.

Bitcoin’s Zero Association With Any Entity Lauded By Dorsey

Just as the news of Trump’s second impeachment came through, the CEO of Twitter Jack Dorsey pointed out the reasons behind this ban. Dorsey made it clear that he does not “celebrate or feel pride” in confirming the permanent ban on Trump. He affirmed that the social media platform had taken this decision after a series of warnings as well as the best information received by them.

Dorsey pointed out that Twitter’s latest action was right for the social media platform. He said,

“We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all.”

This was further continued by the importance of transparency. Now coming to Bitcoin, Dorsey revealed why he had “so much passion for Bitcoin”. The network’s zero dependency on centralized institutions has lured numerous individuals. Dorsey suggested that he was one among them. He tweeted

Bitcoin

Dorsey has time and again exhibited his interest in the crypto industry and aiding those who are a part of it with Square.

Bitcoin seemed to be back in action after a few retracements. During the time of writing, BTC was trading for $38,585 with a 13.31% surge in the last 24-hours. Apart from this, the global crypto market cap had found its way back to $1 trillion.

Filed Under: News Tagged With: Bitcoin (BTC), donald trump, Jack Dorsey

Are Bitcoin and Crypto Futures a Good Investment?

January 14, 2021 by Vaigha Varghese

There are different ways through which you can invest in Bitcoin and cryptocurrencies but Bitcoin and cryptocurrency futures trading is one of the best. Cryptocurrency futures trading has seen tremendous growth since it was started, which can be largely attributed to the increased number of crypto futures exchanges getting into the market. 

You, therefore, have to carefully investigate the many exchanges to choose the best when venturing into Bitcoin and crypto futures trading. You have to evaluate the features of each of the exchanges against your goals since different exchanges offer different features that will influence your futures trading experience.

Some of the most sought-after features of a futures exchange include trading fees, types of futures, and the maximum possible leverage. One of the best-rated Bitcoin and Ethereum futures trading exchanges, BTCC exchange, has very favourable trading fees, a wide variety of futures., and offers maximum leverage of 150x, which is way above what most exchanges offer.

Bitcoin Spot Trading
BTCC Trading Platform

Crypto futures trading vs spot trading

When cryptocurrencies were first introduced, the only way that holders could trade them was through spot trading, which involves holding a specific cryptocurrency for you to sell it in exchange for another cryptocurrency or fiat currency. But after the introduction of cryptocurrency derivatives, it also became possible to trade cryptocurrency futures, which involves opening futures contracts on the price movements of a cryptocurrency without holding the actual cryptocurrency in a digital wallet.

Some of the exchanges that started with offering cryptocurrency spot trading have now also incorporated futures trading by providing alternative platforms where users can trade crypto and Bitcoin futures as well.

Cryptocurrency spot trading

In cryptocurrency spot trading, you are required to have a crypto wallet where you can hold cryptocurrencies. You then require to open an account with an exchange that offers spot trading and link your crypto wallet to it though other exchanges have inbuilt crypto wallets where users store their cryptocurrencies for trading.

 

crypto spot trading

Most of these exchanges are mostly pear to pear trading platforms where you identify another investor who wants to buy or sell a certain cryptocurrency at a certain price and you go ahead to sell or buy respectively. A good example of such a crypto exchange is LocalBitcoins.

In spot trading, you will be required to find a way of acquiring a certain cryptocurrency for you to trade it which makes you a target for hackers.

One of the main features of spot trading is that the settlement happens immediately since the buyer has to get the specific cryptocurrency they ordered while the seller gets fiat currency, stablecoins, or another cryptocurrency for the trade to be marked as complete.

However, for you to make a huge profit in spot trading, you have to have a large amount of cryptocurrencies. For instance, if you bought 1 BTC at $16000 and sold it at $23000, you would only make $7000. But if you had bought 10 BTC at the same price of $16000, and sold it at the same price of $23000, you would end up making a profit of $70000, which is ten times more.

Cryptocurrency futures trading

In cryptocurrency futures trading, you are not required to hold any cryptocurrency in a crypto wallet since futures contracts are derivatives instruments, which allows you to trade on the price movements of various cryptocurrencies without owning the actual cryptocurrencies.

Cryptocurrency futures trading

Once you choose a futures exchange, you deposit some funds, which can be in the form of stablecoins or fiat currency depending on what the exchange allows, into your futures trading account. If you are to trade on BTCC exchange, for instance, you would be required to deposit USDT stablecoins.

Your trading balance then increases or reduces depending on whether you are making losses or profits in your trades. 

In crypto and Bitcoin futures trading, settlements are made after the predetermined time expires. Different exchanges offer different expiration times ranging from daily, weekly, to perpetual contracts.

Also, the exchanges allow margin trading and provide you with leverages to enable you to open and hold larger positions than your account balance would allow. Different exchanges however offer different leverages with exchanges like BTCC offering some of the largest leverages of up to 150x. 

Although margin trading is advantageous, it is two-edged. If your market speculations are incorrect, you could bear the brunt. The larger the leverage, the larger the profit you make per price movement when your market speculation is correct but also the larger the loss in case the speculation is against you.

Conclusion

If you are looking for a good investment in cryptocurrencies, you could consider going for Bitcoin and crypto futures trading over spot trading.

Cryptocurrency futures trading does not require you to hold the volatile cryptocurrencies in crypto wallets like in spot trading. This also makes it safer since it does not expose you to the risk of hacks which is very common with crypto wallets and spot trading platforms.

Also, in futures trading, you do not require to have a lot of money in your trading account for you to open a large position since futures contracts exchanges allow margin trading and you can choose the leverage you want to magnify the size of your position.

Futures trading is also 50% to 80% cheaper than spot trading where you will be required to pay about 0.1% to 0.2% of each trade. 

BTCC Crypto futures exchange: https://www.btcc.com

In addition to the English market, BTCC is also available in Korean (비트코인 선물거래), Japanese (ビットコイン先物契約), and Vietnamese (Hợp đồng tương lai Bitcoin).

Filed Under: News Tagged With: Bitcoin (BTC)

Tim Draper, Winklevoss Twins, Matthew Roszak Bag Big Gains During Bitcoin Rally

January 13, 2021 by Sahana Kiran

Bitcoin’s upward trajectory was lauded by many. The king coin seeped through the bears and got onto the bulls for a long ride ahead. This crypto rally proved to be beneficial for many. While some just started investing in the industry, the ones who had bagged the asset when it was worth a pittance, seem to have been making tremendous profits. The ongoing bull run seems to have birthed new billionaires in the crypto-verse. 

Bitcoin’s Latest Billionaires

Institutional investors poured in huge funds into the asset and pushed its price to a new high. In a recent list, curated by Forbes, several prominent figures of the crypto-industry were the most significant victors of the recent bull run. The list was topped by the Winklevoss twins who have been in the industry for quite a while now with their cryptocurrency exchange, Gemini. Steering away from Facebook and Mark Zuckerberg, the duo decided to invest in Bitcoin and reportedly hoard over $1.4 billion in virtual assets. Cameron Winklevoss even went on to take a dig at Facebook after Bitcoin overhauled the formers market cap. His tweet read,

“#Bitcoin has surpassed Facebook $FB in market cap. Makes sense that a money network would be more valuable than a social network.”

Bitcoin

Matthew Roszak, the co-founder of Bloq stood second as his crypto net worth was about $1.2 billion. Last year, Roszak had about $300 million, however, the latest Bitcoin rally aided his journey on becoming a Bitcoin billionaire. Venture Capitalist, Tim Draper wasn’t far off as his crypto net worth was noted at $1.1 billion. Draper has time and again expressed his interest in Bitcoin. He even predicted that the king coin could go to $250K by the end of 2022. He tweeted,

Banks don’t like bitcoin because it makes them less relevant, so you are seeing their attempted manipulation over the weekend. #bitcoin $250 k by end of 2022, or early 2023.

— Tim Draper (@TimDraper) January 11, 2021

Ethereum’s co-founder, Vitalik Buterin along with Mike Novogratz as well as Michael Saylor of MicroStrategy also made it to the list as millionaires.

Bitcoin, however, seems to be on a downtrend. The asset fell from a high of $40K, all the way down to $30K. At press time, The king coin was trading for $34,255.50 with a 2.88% dip in the last 24-hours.

Filed Under: Bitcoin News, News Tagged With: Bitcoin (BTC), Winklevoss twins

Bitcoin Garners Increased Pension Interest Amid Bull Run

January 10, 2021 by Sahana Kiran

Bitcoin is now valued at $40K while its market cap resides at $751.18 billion. While Bitcoin is increasing without a stop, institutional investors seem to be pouring in their money into the industry. While other coins are catching up, Bitcoin made it clear that it was untouchable as the largest cryptocurrency. Bitcoin’s price movement has reportedly lured in investors eyeing pension funds as well as endowments. Grayscale’s latest CEO shed light on the same in a recent chat with Bloomberg.

Bitcoin Investment Prevails In Several Forms

Grayscale recently revealed that it would stop trading of XRP until the platform got a better picture of the SEC lawsuit against Ripple. Albeit this blip, other assets have been garnering immense traction on the crypto platform. Grayscale’s newest CEO, Michael Sonnenshein spoke to Bloomberg about the latest institutional interest in Bitcoin. He said,

“We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but now it’s recently from other institutions, pensions and endowments. The sizes of allocations they are making are growing rapidly as well.”

Barry Silbert recently stepped down from his post as the CEO of Grayscale Investments and Michael Sonnenshein took over as the CEO. Sonnenshein had taken over an array of roles in the past seven years at Grayscale itself. Silbert revealed that he wanted to concentrate on his other company, the Digital Currency Group.

The latest bull run brought in major inflows into the Bitcoin Trust. While 2020 was rather disastrous, Grayscale seemed to have had quite a beneficial year. Last year, Grayscale managed around $2 billion in assets, however, Sonnenshein revealed that the crypto platform currently manages over $25 billion in assets.

Elaborating on the limited supply of the king coin, Sonnenshein added,

“So there is definitely an argument to be made about Grayscale and really any other vehicle that may be removing Bitcoin from circulation and putting it into a financial product inherently increasing the scarcity of an already scarce asset. This is a verifiable scarce asset and so when there are mechanisms that are removing them from circulation, that’s inherently making it an even scarcer asset.”

Furthermore, he also pointed out that the crypto rally has surged the demand for Grayscale and the platform reportedly intends to onboard several other employees as it currently harbors only 24 individuals. Sonnenshein stated that the platform would direct its focus on advertising as well as rolling out new products.

Filed Under: Bitcoin News, News Tagged With: Bitcoin (BTC), Grayscale

Polkadot [DOT] Slumps Even As Bitcoin Glides Past $40K

January 8, 2021 by Sahana Kiran

The cryptocurrency industry went from being touted as a medium of illegal activities to a $1 trillion industry. Polkadot [DOT] and Chainlink [LINK], despite being new to the industry were of great help in aiding the $1 trillion journey of the crypto-verse.

While Bitcoin prolonged its journey over the mountains, its market cap didn’t fall behind, at press time, Bitcoin’s market cap was about $724 billion. Bad days were over for XRP as the altcoin had surged by over 43% throughout the week. The asset’s market cap was also back in form as it surpassed Litecoin to regain its position as the fourth-largest cryptocurrency.

At the time of writing, Polkadot [DOT] was trading for $9.58 with a 5.95% fall in the last 24-hours. Despite this downfall, the altcoin managed to retain its position as the seventh-largest coin with a market cap of $8.4 billion. Over the week, the coin had surged by 6.73%.

Polkadot [DOT] One-Hour Price Chart

Polkadot

Most of the assets in the crypto industry were seen dipping while Bitcoin continued to surge. Polkadot [DOT] seemed to be in sync with the other coins as it appeared to be drowning in the red sea. However, the one-hour price chart of the altcoin affirmed that DOT could potentially be gearing up for a change in trend.

The Chaikin Money Flow  [CMF] indicator had fallen down below zero, however, it regained its stance and was seen climbing back over zero to the bullish area. The MACD indicator was exhibiting the same trend as it formed a bullish crossover.

Bitcoin [BTC] One-Hour Price Chart

Polkadot Bitcoin

Bitcoin was seen surging by over 4.61% in the last 24-hours. The king coin was surely headed towards $50K. At the time of writing, the price of BTC was $41,181.91. Over the week, BTC bagged in 34.13% of profits. It looks like Bitcoin was going to continue surging as all the indicators were pointed in that direction.

The Parabolic SAR indicator was seen laying out dotted lines below the candlesticks, restricting the chances of a downward breakout. The MACD indicator formed a bullish crossover and affirmed the presence of bulls in the market.

Filed Under: Altcoin News, Bitcoin News, Market Analysis, News Tagged With: Bitcoin (BTC), polkadot

Bitcoin Will Not Go Lower Than $20K, Suggests BitPay CCO

January 6, 2021 by Sahana Kiran

Bitcoin’s journey to $35K has got several people eyeing the king coin. While Bitcoin has managed to lure institutional investors into the crypto realm, the world seems to be speculating the future of the asset. With some predicting that the bull run could fuel the assets drive to $100K, a few others are staying cautious fearing the repetition of 2019. BitPay’s CCO Sonny Singh, however, has his own stance on the whole thing.

Bitcoin Could Lose Balance If Institutional Investors Start Selling Sooner Than Expected

A series of all-time highs was recently achieved by the king coin. BTC currently resides at $35,166.42, with a price change of 11.38% in the last 24-hours. Over the past few days, Bitcoin was seen retracing which was alarming for a few. However, the Chief Commercial Officer of BitPay, Sonny Singh pointed out that it was nothing more than a minor blip. While the members of the crypto community are overwhelmed by the adoption rate of the king coin, Singh suggested that institutional investors could say sayonara after garnering the profit they require, which could be sooner than expected.

Appearing in a recent interview with Bloomberg Singh said,

“A lot of the institutional buyers bought in around $20,000, so that would be my floor for how far Bitcoin could go down. All those buyers that bought in, they said ‘Oh were into Bitcoin now for a three to five-year time horizon,’ which is great, but I think if Bitcoin hits $45,000 next month or so, they’re going to say, ‘wow we just made 2x, you know, we don’t need that three-year horizon anymore, let’s start selling some.’”

Singh jumped on to the bandwagon and predicted that Bitcoin hit somewhere between $40K to $45K in the next month. While several have been putting out conjectures of Bitcoin being a bubble that’s ready to burst soon, Singh proposed that the king coin would not go lower than $20K. He suggested that the selling pressure of $200 million sell orders would cause a scene as the industry hasn’t witnessed it ever before. He added,

“That could cause a catapulting event to cause things to start going down pretty quickly and could see it go down from 45 to 40 to 35 down to 30 or things like that, but I think the floor would be $20,000.”

Filed Under: News, Bitcoin News Tagged With: Bitcoin (BTC), BitPay

Indian Govt Decides To Levy 18% Tax On Bitcoin While Its Legality Remains Unclear

December 30, 2020 by Sahana Kiran

Even though cryptocurrencies have stayed in the globe for more than two decades now, Indian regulators and governments across the world still seem to be figuring out these assets. Unclear regulations have been a huge issue for users and lovers of crypto. While regulators of several countries have been trying to deal with crypto in their own way, India seems to be addressing the taxing of these digital assets even before assessing their legality.

Indian Crypto Lovers Continue To Live In A Dilemma

Indian crypto enthusiasts sighed with relief after the Supreme Court lifted the crypto ban insinuated by the RBI. However, the citizens of India continue to live in a dilemma as the Court nor the regulators have clarified the status of crypto in the country. Now that the price of Bitcoin [BTC] is rising without a hurdle, several governments seem to have intensified their probe with regard to the crypto market. The Times of India revealed that the Central Economic Intelligence Bureau [CEIB] had urged the Board of Indirect Taxes & Customs [CBIC] to acquire a whopping amount of Rs. 7,200 crores every year in light of Bitcoin trading.

The CEIB concluded that it intends to levy an 18% goods and services tax [GST] on transactions pertaining to Bitcoin. With this Bitcoin taxation, the government could procure a total of $970 million. Despite this tax imposition, the legality of these assets remains under the wraps. The CEO of Policy 4.0, a policy advisory platform, Tanvi Ratna took to Twitter to shed light on the same. The tweet read,

“#India govt mulls imposing #GST on #crypto. Sadly, this does not necessarily imply that crypto will be legal. Under Indian law, illegal income is also taxable & evading its tax counts as criminal activity.”

However, the news portal pointed out that the CEIB categorized Bitcoins as “intangible assets”. This category could further allow the government to impose GST on all BTC transactions.

Filed Under: News, Bitcoin News, World Tagged With: Bitcoin (BTC), India

Cryptocurrency Trading Volume Numbers Enroute All-Time High Records as Bull Continues to Run

December 28, 2020 by Akash Anand

The cryptocurrency market has seen an upturn of fortune over the past few months with bull markets elevating the industry to new heights. Bitcoin remained the spearhead for the green run with market caps and volumes hitting all-time records.

In the midst of this market upheaval, users have made sure that they are wholly involved in ushering in a new decentralized age. Latest research recently showed that the trading activity on cryptocurrency exchanges had climbed to uncharted territories, even surpassing the 2017 bull run.

According to @TheBlock__'s annual report, trading volume on crypto exchanges is approaching levels not seen since the 2017 bull market. pic.twitter.com/QFPfjoFQIW

— Jameson Lopp (@lopp) December 27, 2020

A cumulative assessment of trading volumes on cryptocurrency exchanges laid out the fact that November 2020 was one of the most successful months in the industry’s history. The data was compiled from a melange of exchanges that included CEX, BTSE, ItBit, Luno, Binance, Gemini, and Kraken. November witnessed the total cryptocurrency trading volume almost hit the coveted $300 million mark. The previous month, October 2020, barely clocked in $130 million in terms of crypto transactions.

Binance held the top spot in terms of volume as the Changpeng Zhao founded exchange dealt with almost $180 million in transactions. Coinbase came next in line with users trading close to $30 million on the platform. In October, Binance only dealt with $70 million in transactions as the entire ecosystem shrunk to a 3-month low. If you compare the November volume with that of January’s, you will notice that there is a staggering 4x increase. The exchange that exceeded expectations in this market was LMAX Digital with a relatively smaller exchange capturing the third-largest market share.

Despite the current march, the market still has some way to go before breaching the main record. The ATH was created in November 2017 when the ecosystem’s trading volume hit $330 million. Fans of the industry were positive that a new number would be established in the coming weeks. The rise in positive sentiment was due to the fact that Bitcoin was still above the $25k mark for more than a week.

At press time, Bitcoin was trading for $26,936 with a total market cap of $401.54 billion. A 2.7 percent dip in trading price had lowered the daily BTC volume to $67.402 million. Ethereum, on the other, had climbed by more than 13 percent over the previous 24-hour timeframe.

Filed Under: Bitcoin News Tagged With: altcoin, Bitcoin (BTC), news, price

Bitcoin Slips After Nearing ATH, Here’s Why It’s Still Bullish

December 15, 2020 by Reena Shaw

Bitcoin has had a tremendous ride this year. Despite its dwindling dominance over the cryptocurrency market in mid-2020, the coin sprung right back up in action. Its dominance was found to be at 63.47% after an increase of 0.10% over the day.

The bulls have been purchasing every minor dip which has helped Bitcoin to eye a relief rally as it continued to oscillate close to its recently established peak. These indicators provided a bullish picture of the coin in the near term.

Bitcoin’s On-chain Metrics Remain Bullish

According to the latest  Glassnode charts, BTC’s Long-Term Holder MVRV Ratio [LTH-MVRV] was found to be currently exhibiting an extremely bullish signal. MVRV is essentially the ratio of market cap to realized cap. It provides an indication of when the traded price of the crypto-asset is above or below “fair value”.

1 1

It can be noted from the above chart that Bitcoin’s LTH-MVRV is very far from the red zone. When LTH-MVRV reaches the red zone [above 20], this generally indicates a global top. The crypto-intelligence platform explained that the last time the LTH-MVRV graph was this low was during a bull run when Bitcoin was trading barely over $1000 and still experienced a 1432% appreciation before the top.

If history repeats again and Bitcoin happens to follow, the same trend, this would translate to the crypto-asset climbing to form a massive top beyond $270,000 for this bull market.

On-chain Bitcoin market analyst, Willy Woo had previously said,

“Despite an imminent retrace seeming likely, the greater environment is of continued buyer demand.”

Investors Going Long

2 2

The amount of Bitcoin held on cryptocurrency exchanges has seen a massive downfall. To be more precise, 21% since February 2020. The latest charts indicated that the amount of BTC held on exchanges is down to levels that were last seen in 2018. Around January 2018 and February 2020, the total amount of coins that were held on exchanges rose as bearish pressure gained momentum.

This trend, however, flipped shortly, thereafter and has maintained a steady course since then. Hence, it can be safely noted that large pullback targets such as $14k even $15.5k appears to be very unlikely since, in order for this to materialize, it would take some bearish changes to the on-chain structure. As Glassnode concluded, Bitcoin is now in a “solid bullish environment over the medium term environment” meaning for the next 3 months, there were no on-chain sightings of major correction to the negative side.

 

Filed Under: Bitcoin News, News Tagged With: Bitcoin (BTC)

Bitcoin Fever Captures Crypto Market: Here Are The Top 5 Predictions For 2021

December 15, 2020 by Akash Anand

Bitcoin is currently on a historic run above the $10,000 milestone – as we can see on cryptocurrency data platform CoinCheckup, BTC recently hit a new all-time high at just under $20,000, and there is no shortage of bullish sentiment in the cryptocurrency markets. Alternative crypto assets like Tron have also benefited significantly thanks to the Bitcoin rally.

Even though nobody can say for sure what will happen in 2021, many experts agree that it could be an amazing year for the world’s largest cryptocurrency. Let’s check out 5 Bitcoin price predictions for 2021 to get a better idea of where analysts and notable crypto community members are placing their targets.

Bloomberg analysts say $50,000 could be a good target for Bitcoin in 2021

Financial media and data company Bloomberg recently published a report analyzing the current outlook for the cryptocurrency market. According to the analysts, Bitcoin is likely to »maintain its propensity to advance in price into 2021«, and could rise all the way to $50,000. The report noted that 2020 has been a crucial year for the mainstream adoption of Bitcoin, and helped establish $10,000 as a key support level for BTC. The analysts also stated that the macroeconomic environment is favorable for Bitcoin. If BTC does indeed reach a $50,000 price tag, its market capitalization will be around $1 trillion.

Raoul Pal – Bitcoin could reach as high as $250,000 in a year

Raoul Pal is a macro investor who previously worked as an executive at investment banking giant Goldman Sachs. Pal, who currently runs Real Vision, says that Bitcoin has the potential to appreciate to a whopping $250,000 per coin in 2021. In an interview, Pal said such a price target is made possible by the massive sums of money that are currently entering the BTC markets thanks to institutional investors. Pal noted a significant imbalance between supply and demand in the Bitcoin market, and saying that the devaluation of fiat currencies caused by monetary stimulus will result in even more investors choosing to park their money in Bitcoin.

Willy Woo – $200,000 is a »conservative« target for Bitcoin in 2021

Willy Woo is a Bitcoin investor and on-chain analyst known for his fascinating models and charts that implement data sourced directly from the Bitcoin blockchain. In a Twitter thread summarizing his thoughts on what we can expect from Bitcoin in 2021, Woo noted:

»My Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question. The current market on average paid $7456 for their coins. You all are geniuses.«

Woo also pointed out a decrease in BTC balances held on cryptocurrency exchanges as another bullish factor. He pointed out that this trend is currently much stronger than what we saw during the 2017 cryptocurrency market cycle

Mike Novogratz – Bitcoin will hit $55,000 – $60,000 by end of 2021

Mike Novogratz is a Wall Street veteran who has made a huge pivot into cryptocurrency and is now known as one of the most influential cryptocurrency investors. According to Novogratz, Bitcoin is poised to reach between $55,000 and $60,000 in 2021, and the rally will be driven by institutional investors and the macroeconomic environment plagued by accelerated money printing.

Anthony Pompliano – Bitcoin can reach up to $250,000 in 2021

Anthony Pompliano is a cryptocurrency investor at Morgan Creek Digital, and has one of the strongest social media presences in the cryptocurrency community. In one of his newsletters, Pompliano stated that the Bitcoin price could reach $250,000 in 2021, which would be the »bull case«. He also described a more conservative »base case«, in which Bitcoin hits $100,000 during the next year. As with most other Bitcoin investors, Pompliano cites the unprecedented macroeconomic environment as being fertile ground for further Bitcoin gains. According to Pompliano, it’s far from too late to invest in Bitcoin despite the fact that BTC has already displayed incredible gains in its decade-long history:

“Many investors will look at the historical price increase of the digital asset and believe they “missed it.” That could not be further from the truth in my opinion. I believe we are at the start of another boom cycle in Bitcoin, which is likely to drive us 10-20x higher in the 15-month window.”

  Conclusion

While many of the price targets we covered in the article may seem overly ambitious, Bitcoin has a long history of exceeding expectations. Do you think it’s likely for Bitcoin to reach $100,000 and above or do you have more conservative expectations of what 2021 will bring for the BTC markets?

 

Filed Under: Bitcoin News, News Tagged With: Anthony Pompliano, Bitcoin (BTC), Mike Novogratz, news

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Interim pages omitted …
  • Go to page 65
  • Go to Next Page »

Primary Sidebar

Recent Posts

  • Coinbase’s Latest Initiative To Spruce Up Listing Process January 16, 2021
  • Gemini Follows Coinbase’s Trail; Winklevoss Twins Affirm Going Public Is An Option January 15, 2021
  • Chainlink [LINK] Onboards Bulls To Breach Its All-Time High Of $19.85 January 15, 2021
  • Huobi Makes It Easy For Russian Crypto Lovers By Aiding Ruble [RUB] Deposits/Withdrawals January 15, 2021
  • Bitcoin Aims For $40K Yet Again As Stablecoin Inflow Spikes January 15, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.