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“# Coinbase could see fee compression in long term, CEO expects ” Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company’s shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly…
“# Bitcoin goes yellow as Simpsons episode features BTC price rising to infinity ” The Simpsons, one of the most popular animated sitcoms in TV history, has made a rather bullish prediction for the price of Bitcoin. In yesterday’s episode of the 31-year-running cartoon titled Burger Kings, the characters get into the financial market over…
“# Ark Invest and JPMorgan expect Bitcoin to hit $130K-$470K ” JPMorgan expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of gold. The optimistic macro prediction from both funds revolves around the scarcity of Bitcoin, which has buoyed its popularity as a safe-haven asset. BTC/USD…
“# Bitcoin ‘on brink of strong breakout’ says analyst ahead of Coinbase IPO ” Bitcoin (BTC) is primed for a price breakout after beating out volatility, but April may still produce a surprise sell-off. In his latest market update on April 2, filbfilb, co-founder of trading suite Decentrader, said that he now expects upside to…
“# Digital ruble is ‘highest form of money’, Russian Bitcoin critic says ” Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, believes that the country’s not-yet-launched digital currency is the “highest form of money.” In a Monday interview with state media RT, Aksakov expressed optimism about Russia’s upcoming central bank digital…
“# Bitcoin can reach $400K in 2021 as ‘risk-off reserve asset’ — Bloomberg ” Bitcoin (BTC) still gets criticized for being too volatile, but one Bloomberg analyst believes that it conversely is becoming a “risk-off” choice for investors. In a tweet on March 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that this…
“# Bitcoin network’s computing power: Is it an accurate predictor of BTC price? ” Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. As reported by Cointelegraph, more power suggests greater network security and interest in the profitability potential of mining Bitcoin. Hash rate a function of…
“# $288K by December? Bitcoin ‘will not stop at $100K’ says stock-to-flow creator ” Bitcoin (BTC) has plenty of room to grow in its current bull run and “will not stop” at $100,000, according to analysts including PlanB. In various posts on social media on March 17, the stock-to-flow Bitcoin price model creator joined others…
“# Can Bitcoin whale deposits to exchanges actually predict BTC price? ” Traders are increasingly checking on-chain data to “predict” both the short-term and long-term price trend of Bitcoin (BTC) using such platforms as CryptoQuant, Glassnode and WhaleAlert. Particularly, data points such as Bitcoin exchange inflows, outflows, and stablecoin inflows are actively used by traders…
“# 25% of UK investors would’ve made £1 million by going all-in on BTC in 2020: Survey ” New research from U.K. think tank Parliament Street revealed that 25% of British investors estimate they would have made £1 million or more ($1.39 million) in profit by investing all their wealth in Bitcoin at the start…