Bitcoin Maintains Steady Price Growth As Investors Jump On The Bull Train Ahead Of Halving

Bitcoin Maintains Steady Price Growth As Investors Jump On The Bull Train Ahead Of Halving
фото показано с : zycrypto.com

2020-5-7 13:22

The third Bitcoin halving is fast approaching and investors are rushing to hop on the train ahead of this event. Galaxy Digital Founder and CEO, Michael Novogratz confirms this in an interview with CNBC. According to the Bitcoin bull and billionaire investor, the company is experiencing an influx of investors. Speaking during the interview, he said:

“We’re seeing lots of new investors in that space, hedge funds that are buying it not just as individual managers would buy it in their fund. I think you’ll see some announcements soon of that or you know investor letters yeah and so all positive stuff in terms of flow into that space is that’s where the bulk of my risk is, it’s been a fun environment in the Bitcoin space after a long desert we now really have real activity”

The halving will cut Bitcoin’s inflation by half as opposed to fiat money which the Fed is printing and thus increasing its inflation. The Fed has printed trillions of dollars this year to support citizens during the lockdown due to the COVID-19 pandemic.

Although with good intentions, experts fear that this may severely deplete the value of the U.S Dollar in the near future and make it insecure as a store of value. This, he said is what is driving both retail and institutional investors to the Bitcoin space.

“I love Bitcoin, next Tuesday we have a Bitcoin having where the inflation rate gets cut in half and so you talk about inflation and fiat currencies where the Fed is printing money like it’s a you know money printing machine and in the Bitcoin space you know this money supply gets cut 50% and so big deal there,” he added.

Bitcoin seems to be living up to investors’ expectations as it has maintained a steady price growth in the last few days. The asset has maintained its position close to $9,000 and currently trades well above the critical price level.

The crypto community expects a fair price surge following the event as evident by recent opinion polls. With several investors flocking to the crypto space, this may just become a reality and serve as a stepping stone to a bigger bull run in the long run.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67740.79 (+0.20%)
Объем 24H $26.722b
Изменеия 24h: -0.87 %, 7d: -2.28 %
Cегодня L: $67343.07 - H: $67740.79
Капитализация $1334.846b Rank 1
Цена в час новости $ 9479.5 (614.6%)

ahead halving bitcoin train investors cnbc digital

Источник: zycrypto.com

ahead halving → Результатов: 84


Weiss Crypto Ratings upgrades Bitcoin an A- or excellent rating as BTC surges past $10,000

Weiss Crypto Ratings updated its rating for Bitcoin, which again surpassed the $10,000 mark and is currently trading at $10,068. Weiss now gives Bitcoin an A- or “excellent” rating because its fundamentals are improving and its price is also surging ahead of the BTC halving event, which will take place in about three months from […] The post Weiss Crypto Ratings upgrades Bitcoin an A- or excellent rating as BTC surges past $10,000 appeared first on CryptoSlate.

2020-2-9 13:40


Bitcoin On-Chain Momentum Bullish Again, Traders May Push Prices Higher

While some analysts are still expecting Bitcoin (BTC) to fall further, it appears that fundamentals and on-chain metrics are starting to imply bulls have the upper hand. Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky Bitcoin Preparing to Head Higher Ahead of Halving Adaptive Capital partner Willy Woo.

2019-12-8 01:29


дальше еще 35 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Halving Woes Already Over? Bitcoin Hashrate Smashes All-Time High

On-chain data shows the Bitcoin mining hashrate has sharply rebounded from its post-Halving lows and has achieved a new all-time high (ATH). 7-Day Average Bitcoin Mining Hashrate Has Just Set A New ATH The Bitcoin network runs on a consensus mechanism known as the “proof-of-work” (PoW).

Bollinger Bands Inventor Foresees Bitcoin Pullback: Key Levels To Watch

Renowned financial analyst John Bollinger has recently issued a caution regarding the potential for a Bitcoin pullback. After BTC price surged from below $66,000 to almost $72,000 at the beginning of the week, Bollinger, the creator of the widely utilized Bollinger Bands indicator, pointed to specific features in the Bitcoin price chart that suggest a consolidation or pullback could be imminent, though he clarified that his perspective was not bearish on a longer term.

Perennial Bitcoin Accumulators Bought Big Ahead Of Rally, Data Shows

On-chain data shows that Bitcoin addresses with zero sales histories participated in a big accumulation before this recovery run started. Bitcoin Inflows To Accumulation Addresses Sharply Spiked Recently As explained by an analyst in a CryptoQuant Quicktake post, the accumulation addresses on the Bitcoin network have shown some significant inflow activity recently.

Bitcoin “Profit-Taking Has Completed,” Top Analyst Reveals

An analyst has explained how profit-taking looks to have finished for Bitcoin in what has been a “very healthy reset” for the market. Bitcoin SOPR Suggests Profit-Taking From Investors Has Cooled Off In a new post on X, analyst Willy Woo has discussed about the latest trend occurring in the Bitcoin Spent Output Profit Ratio (SOPR).

4 Key Reasons Why The Bitcoin Bull Run Is Far From Over

In an analysis shared via X, renowned crypto analyst Ted (@tedtalksmacro) has provided compelling evidence to support his assertion that the current Bitcoin bull run is far from over. Ted’s insights are based on four critical indicators related to traditional finance and crypto liquidity, each pointing to sustained growth in the near future.

Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the NVT Golden Cross for BTC and its implications for the price.

Bitcoin Hash Ribbons Form Capitulation Signal: What It Means

On-chain data shows the Bitcoin Hash Ribbons have recently gone through a crossover. Here’s what it could mean for the cryptocurrency. Bitcoin Hash Ribbons Suggest Miner Capitulation Is On As explained by CryptoQuant community manager Maartunn in a Quicktake post, miners are capitulating right now if the Hash Ribbons indicator is to be believed.