Ether (ETH-USD)the currency for the Ethereum blockchain, benefits from a unique set of macroeconomic and technological drivers. The issuance of Ether is slowing down, and the amount of Ether available for trading is being reduced, while demand from investors increases. As a result, the value of Ether will likely increase over the coming years. How Ether is Different From Bitcoin The bitcoin blockchain validates, stores, and replicates transaction data across a distributed network of… Source link

Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to Miss Out on Bitcoin A new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them…. Source link

Reuters / Dado Ruvic Bitcoin has surged nearly 150% in 2020 and rose above the $18,000 threshold on Wednesday for the first time in three years. Billionaire investor Chamath Palihapitiya said in 2017 that the coin could reach $1 million in the next 20 years, while Michael Novogratz sees the coin surging to $60,000 in the next twelve months. Meanwhile, so-called Bond King Jeffrey Gundlach said “I don’t believe in bitcoin. I think it’s a lie.” Detailed below is what seven investing… Source link

Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin (BTC).  The catalysts are increasing adoption, whales, inflows from other products into Bitcoin, and influence from other markets. Alameda Research is a major cryptocurrency firm that trades a variety of cryptocurrencies and derivatives, with a volume between $600 million and $1.5 billion a day. The weekly price chart of Bitcoin. Source: TradingView.com Overall… Source link

Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph. Speaking in an interview with Cointelegraph Markets analyst Michaël van de Poppe on Nov. 18, Saunders described current conditions as a “perfect backdrop” for new highs. Saunders: $1M Bitcoin price by 2035 “It’s either going to keep going like right now in the next few weeks and get to $20,000 very… Source link

Bitcoin has exploded over the last few weeks, adding to gains through 2020 that’s seen it more than double in value. The bitcoin price has this week shot past $18,000 per bitcoin, causing jubilation among long-suffering bitcoin supporters and causing many to recall bitcoin’s late 2017 bubble—though it’s happening without 2017’s mainstream bitcoin mania. Now, a leaked report from Wall Street giant Citibank has revealed a senior analyst thinks bitcoin could potentially hit a high of… Source link

Bitcoin’s brief breach of $18,000 and its sustained consolidation above $17,000 has renewed the bullishness in the market, with many of the industry’s alts climbing on the charts on the back of BTC’s performance. The cases of Monero, Ontology, and DigiByte followed this template, with their price performances replicating the general optimism in the market. Monero [XMR] Source: XMR/USD on TradingView Monero, the industry’s leading privacy coin, was rescued from further sideways movement… Source link

Ethereum Ethereum fell by 0.79% on Wednesday. Partially reversing a 4.73% rally from Tuesday, Ethereum ended the day at $478.96. It was a bullish start to the day. Ethereum rallied to an early morning intraday high $495.68 before hitting reverse. Ethereum broke through the first major resistance level at $491.77 before sliding to a mid-morning intraday low $456.5. The sell-off saw Ethereum fall through the first major support level at $466.82 to sub-$460 before finding support. Ethereum briefly… Source link

INX Limited CMO Douglas Borthwick discusses the future of Bitcoin. As Bitcoin approaches record levels last reached in December 2017, it turns out Wall Street isn’t the only group interested in the cryptocurrency now Hollywood wants in. DOJ SEIZES BITCOIN VALUED AT MORE THAN $1B RELATED TO SILK ROAD ‘Game of Thrones’ star Maisie Williams sparked a discussion earlier this week after putting out a poll on Twitter asking her 2.7 million followers if she should “go long on bitcoin,” a… Source link

The popular digital currency, which is arguably one of the most polarizing in financial markets, is approaching heights not seen since the frenzied rush into cryptocurrencies three years ago. Bitcoin’s price BTCUSD, +0.29% on Wednesday briefly hit an intraday peak at 18,358.98, and was pulling back in recent trade but still on pace for the fourth-highest finish in its history since December 2017, when the asset briefly flirted with $20,000 before collapsing… Source link