Auto Added by WPeMatico

Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021

The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%.

Continue ReadingBitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250-$350K in 2021

Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay

The rush to so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve would taper its $120 billion a month asset purchasing program.

Continue ReadingBitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay

Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price

Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant…

Continue ReadingModel Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price

MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.

Continue ReadingMicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

Bitcoin Could ‘Go up Significantly,’ Says CIO of World’s Largest Asset Manager Blackrock

The chief investment officer of the world’s largest asset manager, Blackrock, says he could see bitcoin going up significantly. “I like assets that are volatile that have upside convexity,” he…

Continue ReadingBitcoin Could ‘Go up Significantly,’ Says CIO of World’s Largest Asset Manager Blackrock