mercredi, avril 14, 2021
  • Our partners
  • Our team
  • Our editors
  • Contact
No Result
View All Result
rzo logo
Advertisement
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • RZO COIN
  • Shop
  • Magazine
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    National Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll continue running both Square and Twitter

    Fujifilm X-T2 review: The definition of a great camera

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Gaming

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      The Analogue Nt Mini is the perfect NES console for video game lovers

      GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

  • News

    National Academy of Sciences endorses embryonic engineering

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Fujifilm X-T2 review: The definition of a great camera

    The Analogue Nt Mini is the perfect NES console for video game lovers

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Watch Cruise’s self-driving Bolt EV navigate smoothly to SF’s Dolores Park

  • Formation
  • EBOOKS
  • Trading
    • eToro
  • EXCHANGES
    • BLOCKCHAIN
  • Security

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    • Computers

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Fujifilm X-T2 review: The definition of a great camera

      Shopify CEO attempts to defend continued hosting of Breitbart’s online store

      SpaceX targets February 18 for Dragon resupply mission to ISS

    • Applications

      Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Jack Dorsey says he’ll continue running both Square and Twitter

  • 🇺🇸
    • 🇨🇭
    • 🇫🇷
    • 🇬🇧
    • 🇨🇦
    • 🇷🇺
  • Home
  • RZO COIN
  • Shop
  • Magazine
    • All
    • Audio
    • Camera
    • Laptop
    • Smartphone

    Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

    National Academy of Sciences endorses embryonic engineering

    Jack Dorsey says he’ll continue running both Square and Twitter

    Fujifilm X-T2 review: The definition of a great camera

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
    • Gaming

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      The Analogue Nt Mini is the perfect NES console for video game lovers

      GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

  • News

    National Academy of Sciences endorses embryonic engineering

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    Fujifilm X-T2 review: The definition of a great camera

    The Analogue Nt Mini is the perfect NES console for video game lovers

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Watch Cruise’s self-driving Bolt EV navigate smoothly to SF’s Dolores Park

  • Formation
  • EBOOKS
  • Trading
    • eToro
  • EXCHANGES
    • BLOCKCHAIN
  • Security

    To regain advertiser trust, Facebook is tracking ads by the millisecond

    National Academy of Sciences endorses embryonic engineering

    Google has been asked to take down over a million websites

    Watch Dogs 2 Update Coming This Week, Here’s What It Does

    The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

    Shopify CEO attempts to defend continued hosting of Breitbart’s online store

    • Computers

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Fujifilm X-T2 review: The definition of a great camera

      Shopify CEO attempts to defend continued hosting of Breitbart’s online store

      SpaceX targets February 18 for Dragon resupply mission to ISS

    • Applications

      Apple Watch Series 2 Is Swimproof and Comes With Built-In GPS

      To regain advertiser trust, Facebook is tracking ads by the millisecond

      National Academy of Sciences endorses embryonic engineering

      Google has been asked to take down over a million websites

      Watch Dogs 2 Update Coming This Week, Here’s What It Does

      Jack Dorsey says he’ll continue running both Square and Twitter

  • 🇺🇸
    • 🇨🇭
    • 🇫🇷
    • 🇬🇧
    • 🇨🇦
    • 🇷🇺
RZO Magazine : Formation Ebooks Crypto univers
No Result
View All Result

Multiple Analysts Look at $400,000 as Bitcoin’s Ultimate Bull Stop

by
février 10, 2021
Multiple Analysts Look at $400,000 as Bitcoin’s Ultimate Bull Stop
Share on FacebookShare on Twitter




A soup of optimistic fundamental and technical indicators has led multiple analysts to envision Bitcoin at a six-digit valuation.

The flurry of experienced finance professionals includes veteran trader Peter Brandt, investment strategist Scott Minerd, and asset manager Cathie Wood. All of them, coming from different mindsets, lately projected Bitcoin at $400,000, a cryptocurrency that has been on a record bull run since March, rising by up to 1,150 percent to hit a record high above $48,000.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin corrects modestly after hitting a record high above $48,000. Source: BTCUSD on TradingView.com

For Ms. Wood…

…who founded Ark Invest—an asset management firm holding investments worth $29.3 billion, the follow-up capital for Bitcoin comes from corporates. She noted that if all the companies listed on the US benchmark S&P 500 index reallocate 10 percent of their cash reserves to the benchmark cryptocurrency, the BTC/USD exchange rate will shoot past $400,000.

Bitcoin has gained dramatic attention from Wall Street in the wake of the coronavirus pandemic. Billionaire investors, including Stan Druckenmiller and Paul Tudor Jones, and mainstream corporate firms such as MicroStrategy, Square, Marathon Patent Group, and others bought the cryptocurrency against their fears of fiat devaluation and higher inflation in the long-term.

“Bitcoin is only [at] roughly a $600 billion market cap. So even half the size of Apple or Amazon, right now. Doesn’t that put it into perspective? And yet, it is a very big idea, I think. A much bigger idea than Apple or Amazon,” Ms. Wood told Yahoo Finance.

Building on the same Bitcoin narrative…

…Guggenheim Partners’ Managing Partner Scott Minerd says that Bitcoin—for now—lacks institutional involvement at a larger scale. Nonetheless, he added that the cryptocurrency could hit $400,000-600,000 per unit should it manage to mousetrap a portion of the gold market.

“If you consider the supply of bitcoin relative … to the supply of gold in the world, and what the total value of gold is, if bitcoin were to go to those kinds of numbers, you’d be talking about $400,000 to $600,000 per bitcoin,” he told CNN’s Julia Chatterley last week.

The road to higher valuations has apprehensively begun with Tesla’s large-scale investment in the Bitcoin market.

On Monday, the world’s leading electric carmaker revealed in its securities filing that it bought $1.5 billion worth of BTC in January. Its report counted Bitcoin among “alternative reserve assets” to cash, paving the way for other Wall Street firms to explore the cryptocurrency as their hedge against a depreciating US dollar.

Nevertheless, skeptics, including strategists at JPMorgan & Chase, sees Tesla’s bitcoin investment as a no-brainer for other corporate houses. They argued the cryptocurrency’s price volatility would have big firms stick to their declining yet comparatively stable cash reserves.

But…

…Mr. Brandt feels Bitcoin is “halfway home” before its price rallies further upward. The veteran trader tracked the cryptocurrency’s previous two parabolic advances to note that the third one might be underway as adoption booms.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin bull runs throughout its history. Source: BTCUSD on TradingView.com

“The bull trend in 2015-2017 experienced nine corrections greater than 30%,” said Mr. Brandt. The current market has reached just short of a single 30% correction. I am NOT predicting a 30-40% correction, just pointing out that we should expect sharp corrections at some point.”

He added that the current bull run had not seen a single correction of more than 30% since the Mar 2020 low. It indicates extreme underlying support and internal market strength that could propel BTC/USD to $400,000.





Source link

Tags: AnalystsBitcoinsBullmultipleStopUltimate

Laisser un commentaire Annuler la réponse

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Recommended.

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Dan Tapiero Launches $200M Fund to Invest in Crypto Companies

février 3, 2021
Bitcoin’s All-Time High Price Rally Is Sustainable

Bitcoin’s All-Time High Price Rally Is Sustainable

décembre 1, 2020

Trending.

Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

décembre 3, 2020
DeFi Season? LINK, AAVE, ZRX and COMP Hit Record Price Highs, Outperforming Bitcoin

DeFi Season? LINK, AAVE, ZRX and COMP Hit Record Price Highs, Outperforming Bitcoin

février 5, 2021
Developers Implicated in Alleged Smart Contract ‘Rug Pull’

Developers Implicated in Alleged Smart Contract ‘Rug Pull’

décembre 2, 2020

The Warby Parker of hair color, Madison Reed, scores new funding and a CMO

octobre 25, 2020
First Trust Advisors and SkyBridge Capital apply for Bitcoin ETF

First Trust Advisors and SkyBridge Capital apply for Bitcoin ETF

mars 20, 2021
RZO Magazine : Formation Ebooks Crypto univers

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Catégories

  • Apple
  • Applications
  • Audio
  • Camera
  • Computers
  • Gaming
  • Gear
  • Laptop
  • Microsoft
  • Photography
  • Review
  • Security
  • Smartphone
  • Uncategorized

Étiquettes

Ahead AllTime Analyst Analysts Apple Watch 2 Bank billion Bitcoin Bitcoins Blockchain BTC Bull Bullish Buying Guides CEO Coinbase crypto Data DeFi Digital Ether Ethereum Exchange fund Heres high Highs Hit Hits investors iOS 10 Litecoin Market Million Mining Mover Options Playstation 4 Pro Price Rally Record Sillicon Valley Trading Wrap XRP

Recent News

A ‘physical’ Litecoin ETF is coming to Germany’s Xetra exchange

A ‘physical’ Litecoin ETF is coming to Germany’s Xetra exchange

avril 13, 2021
Daily Bitcoin Transaction Volume Thriving, Nears Milestone $10 Billion

Daily Bitcoin Transaction Volume Thriving, Nears Milestone $10 Billion

avril 13, 2021
  • Our partners
  • Our team
  • Our editors
  • Contact

© 2020 All rights reserved RZO COIN Website created by Olivier Obé with Wordpress

No Result
View All Result
  • Home
  • Review
  • Apple
  • Applications
  • Computers
  • Gaming
  • Gear
    • Audio
    • Camera
    • Smartphone
  • Microsoft
  • Photography
  • Security

© 2020 All rights reserved RZO COIN Website created by Olivier Obé with Wordpress

en English
nl Dutchen Englishfr Frenchde Germanes Spanish