Industry analysts and researchers have noted that the narrative for buying safe haven assets such as Bitcoin or gold will only strengthen as cash and bonds are earning near-zero yields. Bitcoin prices reclaimed their record high of just over $24,000 a few hours ago indicating that the rally has yet to run out of steam.
In the next 2-3 years, the total market capitalization of Bitcoin will surpass Gold ‘s as the most valuable coin establishes itself as a preferred store of value thanks to its decreasing inflation and adoption. This is the view of one analyst who also adds that there is “no other asset to own today” other
Bitcoin–if analysts and investors continue valuing it as a store of value, a safe haven, will in several years be the hardest money ever and “very sound”. Initially envisioned as an immutable, mathematics-controlled medium of exchange, the world’s most valuable digital asset, assuming its upward trajectory continues, will have a higher Stock to Flow (S2F)
XRP, the native currency of the Ripple ledger, has utility and is unfairly priced because of its correlation with Bitcoin. This is the view of one cryptocurrency analyst and an answer to his preview of Bitcoin’s utility, its true market valuation, and its chances of inching higher after a mixed 2019. On Demand Liquidity Gives
Peter Brandt, an experienced chart analyst has more often than not been right about Bitcoin [BTC] until now. He was one of the first analysts to call out a parabolic move above $3000. Nevertheless, recently he predicted the swing trade in Bitcoin which could see a pullback $6000 level. However, the fundamentals around Bitcoin with
Glen Goodman, the trader who successfully shorted stocks during the financial crisis of 2008 has now termed Bitcoin and cryptocurrencies a ‘once in a generation’ investor opportunity. Goodman is famous for his short call of the financial market in which he made about a 100,000 Euros from an investment of only $3000. He also gained
The price of Bitcoin [BTC] at Hours UTC on 27th May is $8887. It is trading 10.75% higher on a daily scale. According to trading principles, $8950 qualifies as reaching to $9000 levels. The parabolic rise in Bitcoin [BTC] recorded another leg-up as Bitcoin [BTC] is looking to break past $10000 psychological level. The ‘On-chain
Altcoins have been growing in numbers and use cases since the time of their launch but the respect of Bitcoin hasn’t changed the bit even with the founders of most altcoins. The same was noted when Brendan Blumer, CEO of Block.one, tweeted that Bitcoin was the better store of value than anything that has existed