The price of Bitcoin and other cryptocurrencies will robustly rebound after a sudden drop on Wednesday, after minutes from the Federal Reserve’s latest meeting were unveiled.
In a matter of hours, the price of Bitcoin dropped $3,000, from over $47,000 to just under $44,000.
The Fed minutes heightened predictions that the U.S. central bank will now act faster to hike interest rates to combat surging inflation. As such, there was a knee jerk sell-off on Wall Street and the Read More
Bitcoin,I believe, may well hit record highs of $100,000 by the end of this year due to five key issues fuelling momentum.
At the end of last week Bitcoin rose close to 10.8% to hit $47,800 on Saturday. I said last month that we can fully expect the world’s largest cryptocurrency to hit, or perhaps even exceed, its mid-April record high of $65,000 by the end of this year. Yet now I think if the current price momentum carries on, we may see Bitcoin hit the $100,000 mark.
To my Read More
Bitcoin will return to its previous all-time highs by the end of this year, driven up by the recent comments on cryptocurrencies from Elon Musk, Jack Dorsey and Cathie Wood at the The B Word Conference earlier this week.
Tesla and Space X founder Elon Musk, Twitter founder Jack Dorsey, and Ark Investment’s Cathie Wood all talked about the massive future potential of Bitcoin – the world’s largest cryptocurrency – at this virtual event.
In fact, following their comments, Read More
The price of Bitcoin has pulled back slightly after reaching record highs of over $61,000 earlier in March.
Since the rally got underway in October, Bitcoin’s price is up almost 500%.
Yet, as I was quoted by the Daily Mail, amongst other media, this a drop in the price will spark a rise in institutional investment, which will permanently drive up the price.
Indeed, for the past five months, the world’s largest cryptocurrency has enjoyed an impressive Read More
The Bitcoin price is nearing the $50,000 mark, and will continue to hit new highs in Q1.
However, investors should also expect volatility as a result of the heightened regulatory scrutiny.
Last week was a huge week for Bitcoin – the world’s largest cryptocurrency by market capitalisation.
As I was quoted by Business Insider, and as I explain in this YouTube video, the cryptocurrency hit new record highs and led to mounting interest from institutional Read More
The weak U.S. dollar and the U.S. presidential election will be two high-octane drivers for Bitcoin’s price in 2020.
Campaigning for the upcoming election has now stepped up to a crucial stage as Joe Biden formally accepted the Democratic nomination last week.
In addition, the dollar plummeted to a two-year low on concerns over the health of America’s economy.
Currently, the world’s largest cryptocurrency is one of the best-performing assets of the Read More
The price of Bitcoin will hit at least $10,000, even before the halving event takes place on May 11.
On Thursday, the price of the world’s largest cryptocurrency skyrocketed by more than $1,500, driving it to the highest value seen since February. The price peaked at $9,400.
This surge precedes the highly awaited Bitcoin halving event getting underway this month. This event takes place every four years and means that less and less Bitcoin – which is capped at 21 million Read More