Bitcoin Crushes All-Time Record, With JPMorgan Predicting $146,000

Bitcoin Crushes All-Time Record, With JPMorgan Predicting $146,000
фото показано с : futurism.com

2021-11-11 21:04

All-Time Records

The value of Bitcoin hit all-time highs today, trading above $68,000 Tuesday morning — and investors are predicting that its rise isn’t over yet, CNBC reports.

The price calmed back down to around $66,700 at the time of writing, but there’s still plenty of appetite for Bitcoin, and investors are more enthusiastic about the cryptocurrency’s short-term future than ever before. However — as we’ve seen many times before — it’s impossible to predict when exactly the Bitcoin gravy train will run out of steam and start plummeting again.

The New Gold

Analysts suspect rising inflation, caused by stimulus plans and government spending, may be behind the surge of Bitcoin and other cryptocurrencies including Ether.

Inflation “will see the value of money decrease over time, whereas Bitcoin has a fixed limit on the number of coins which can be created,” Susannah Streeter, from financial services company Hargreaves Lansdown, told UK newspaper The Evening Standard.

In other words, investors are starting to treat Bitcoin like gold, an inflation hedge allowing them to hold on to value long-term.

“Inflation is a major consideration for investors today, and the younger generation of investors often favors cryptocurrency as a hedge over gold,” Wilfred Daye, the head of the trading platform Securitize Capital, told The Guardian.

Wall Street is also expecting the trend to continue, with JPMorgan doubling down on its prediction that Bitcoin will eventually rise to a whopping $146,000, according to CNBC.

Upgrades

It’s not just finance folks who are excited, either. Twitter CEO Jack Dorsey called for Bitcoin to be the “native currency for the internet” during an investors call last week.

The digital currency is also about to get its first upgrade in four years, called Taproot. The tech allows transactions to gain a new level of privacy and efficiency, laying the groundwork for the “smart contracts” popularized by Ethereum.

How much headroom there still is for the value of Bitcoin remains to be seen. But as inflation is expected to continue to rise, we may see the digital currency keep rallying in the coming months.

READ MORE: Bitcoin hits new all-time high above $68,000 as cryptocurrencies extend rally [CNBC]

More on Bitcoin: Bitcoin Hits Highest Price in Its Entire History

The post Bitcoin Crushes All-Time Record, With JPMorgan Predicting $146,000 appeared first on Futurism.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66548.74 (-0.35%)
Объем 24H $17.053b
Изменеия 24h: -0.39 %, 7d: 8.48 %
Cегодня L: $66548.74 - H: $67668.16
Капитализация $1311.04b Rank 1
Цена в час новости $ 64320.99 (3.46%)

all-time bitcoin predicting cnbc reports time yet

Источник: futurism.com

all-time bitcoin → Результатов: 126


Bitcoin (BTC) and Ethereum (ETH) Are Currently Oversold According to Placeholder VC Investor

2018 has been a very hard year for Bitcoin (BTC) and virtual currencies. Bitcoin lost around 80% of its value since its all-time high and other altcoins dropped even more than 90%. However, there is a venture capitalist that shows that Bitcoin and Ethereum are currently oversold from a fundamental standpoint. Bitcoin and Ethereum (ETH) […]

2018-12-11 20:25


Бобби Ли ждет нового дна биткоина

По мнению сооснователя BTCC Бобби Ли, цена биткоина достигнет дна на уровне $2500 в январе 2019 года, однако судя по ответам на размещенный предложенный им опрос, многие трейдеры и инвесторы считают такой прогноз несколько оптимистичным.

2018-12-10 14:21


Фото:

Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45


Google trends Bitcoin Interest is on rise : Hits High since april

The cryptocurrency market has been making headlines for the past couple of weeks. As usual in the negative, with the market footing double-digit losses over the past couple of weeks. Bitcoin in the last two weeks has lost over 75% of its all-time high value and also fell below the $4,000 USD support line that The post Google trends Bitcoin Interest is on rise : Hits High since april appeared first on ItsBlockchain.

2018-11-29 19:17


Ether Price Analysis: Untested Support Leaves Shaky Foundation During Drop

Much like the rest of the crypto market, ether has found itself devalued by more than 90% since its all-time high of $1,400 back in December of 2017. And now, almost a year later, ether sits just above $100 on what appears to be shaky ground during its latest round of selling over the last few weeks:Figure 1: ETH-USD, Daily Candles, Rapid DescentSimilar to bitcoin’s movement discussed in yesterday’s article, ETH-USD experienced a parabolic growth profile during its bull run.

2018-11-28 01:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

United States Crypto Miners Are Now Using as Much Power as Houston

Powers Combined Even if the crypto market isn't exactly growing in terms of profit, miners it are certainly increasing their energy consumption. The New York Times reported this week that just seven of the biggest Bitcoin mining companies are now using nearly as much electricity as all the homes in Houston combined, meaning that all crypto mining […]

Religious Zealots Think Bitcoin Was Created by God

We are very sorry to inform you that the Bitcoin bros are so not OK that some of them have begun believing that the cryptocurrency was sent down by the Christian God himself. "This is the genius of God," Tomer Strolight, a former nonbeliever who got into Bitcoin and subsequently got baptized because of it, […]

Bitcoin Just Had Its Worst Month in Crypto's Entire History

Free Fallin' Blockchain woes continue. Bitcoin lost 38 percent of its value in June alone, making this past month the worst in crypto's 12 year history, CNBC reports. Meanwhile, Ethereum's coin (ETH) rang in at an astonishing 47 percent value loss, and industry leaders crumble across the board — major crypto hedge fund Three Arrows […]

New York State May Ban Any Crypto Mining Powered by Fossil Fuels

Tick Tick Boom For weeks now, a bill that would ban all crypto mining that uses fossil fuels has languished on the desk of New York's governor, which begs the question — what now? This dramatic story, as reported by The Daily Beast, has gone mostly underreported this week as both the stock market and the […]

Bill Gates Ruthlessly Mocks NFTs as Crypto Market Collapses

Fool Me Once Bill Gates really, really, really hates cryptocurrency. The billionaire Microsoft founder has not been shy about his stance on digital coins in the past, arguing with Dogecoin-pushing rival Elon Musk over the currencies' viability and calling out Bitcoin mining operations for their destructive environmental impact. Now, in the wake of the sudden […]