Crypto Crash? Nah, It’s A Buying Opportunity, CEO Says

2024-4-14 22:00

The world of cryptocurrency is a wild ride. Opinions on Bitcoin’s future are all over the map, with some experts bullish and others bearish. Right now, Bitcoin is stuck around $64,000, and no one can quite agree on where it’s headed next.

Crypto: A Tale of Bullish Optimism

Adam Back, the CEO of Blockstream, stands firmly in the camp of bullish optimism. In his view, Bitcoin’s current price is “super cheap,” suggesting that its true value may not yet be fully appreciated by the broader market.

the bulls are right, #bitcoin is super cheap here (and even cheaper last august), just the value understanding is lagging, not evenly distributed – the average investor is a bit of a panicked newb, needs to be battle hardened by a bear market or two before they truly get it.

— Adam Back (@adam3us) April 12, 2024

Back posits that while the average investor may be experiencing bouts of panic and uncertainty, the eventual understanding of Bitcoin’s value will be bolstered by the hard lessons learned through bear markets. He anticipates that Bitcoin’s price could potentially soar to new heights, with a nod to the long-awaited $100,000 milestone as an “overdue” inevitability.

Bearish Sentiments And Predictions

Contrary to Back’s bullish outlook, Jeff Ross, the founder and CEO of Vailshire Capital, presents a more cautious perspective. Ross predicts a looming correction of up to 40% in Bitcoin’s price following the halving event.

He advises investors to temper their expectations, suggesting that the anticipated surge to $100,000 may not materialize as swiftly as some hope. Ross believes that a period of disappointment may be on the horizon for Bitcoin enthusiasts, cautioning against excessive optimism during the upcoming spring and summer months.

The Path Forward: Navigating Volatility

As conflicting opinions swirl within the crypto community, investors find themselves at a crossroads, grappling with the implications of divergent predictions. While the prospect of Bitcoin reaching new heights excites many, the specter of a significant correction looms large, casting a shadow of doubt over the market’s short-term trajectory.

According to data from Coingecko, as of the time of writing, Bitcoin was trading at $64,223, down 3.8% and 7.5% during the 24-hour and weeklong timeframes, respectively.

Featured image from Pexels, chart from TradingView

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61227.43 (-0.08%)
Объем 24H $24.083b
Изменеия 24h: -1.74 %, 7d: 5.97 %
Cегодня L: $60884.44 - H: $61728.04
Капитализация $1205.926b Rank 1
Цена в час новости $ 64442.69 (-4.99%)

bitcoin headed bearish bullish others stuck one

Источник: bitcoinist.com

bitcoin headed → Результатов: 126


Tesla’s stock price going to the moon reminds investors of Bitcoin’s $20K run

If Bitcoin’s recent price action has been boring, you should look to Tesla (TSLA). For those that missed the memo, the electric car company headed by the one and only Elon Musk, also CEO of SpaceX, has seen its stock explode by over 300 percent higher since June of 2019 and almost 100 percent in […] The post Tesla’s stock price going to the moon reminds investors of Bitcoin’s $20K run appeared first on CryptoSlate.

2020-2-4 13:15


Фото:

China: Digital Currency Experiments and Research to be Headed by Shenzhen

Shenzhen will be the testing grounds for China’s fascinating digital currency ambitions, this according to a central government document. As reported by Beloit Bulletin, September 30, People’s Bank of China (PBoC) plans to launch a significant research effort pertaining to the development of China’s national digital currency and others with hopes of fostering significant urbanRead MoreRead More.

2019-9-30 19:00


Hedge Fund Manager, Mahmudov Says Bitcoin Is Headed To $100k After Current Accumulation Phase

Bitcoin (BTC) has been on a slow downswing since July. At press time, bitcoin is down by 4.7% to trade at $10,854.05 as per CoinGecko. However, a former analyst at Goldman Sachs and now the Chief Information Officer (CIO) at Adaptive Capital, Murad Mahmudov, believes it’s time to look beyond this sideways trading action and […] The post Hedge Fund Manager, Mahmudov Says Bitcoin Is Headed To $100k After Current Accumulation Phase appeared first on ZyCrypto.

2019-8-14 23:32


$15,000 Per Bitcoin Seems Possible Before End Of Summer, Here’s Why

With the thawing (or so it seems) of the recent crypto winter, many pundits don’t know where Bitcoin is mainly headed and what exactly may happen in the next few months. A simple way to predict the future is to know the past, compare it with what’s happening now and create a simple model which […] The post $15,000 Per Bitcoin Seems Possible Before End Of Summer, Here’s Why appeared first on ZyCrypto.

2019-6-22 18:14


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin: A ‘Decades-Long’ Investment, CEO Says, Despite Recent Downturn

Amidst the recent turbulence in the cryptocurrency markets, Bitcoin has once again proven its resilience, with industry experts advocating for a steadfast approach to weathering the storm. Related Reading: XRP Scores Regulatory Win: European Governance Institute Endorses Non-Security Status Bitcoin’s Rocky Ride Over the past 24 hours, Bitcoin has experienced a notable correction, shedding over […]

Crypto Carnage: Over $800 Million Wiped Out In Market Plunge

The recent market plunge has sent shockwaves through the crypto industry, resulting in hundreds of millions in dollars being wiped out in a matter of hours. The price of Bitcoin has retreated violently to a weekly low of $67,500 after a few days of showing remarkable advances and setting new all-time highs.

Number Of Ethereum Short-Term Holders Increasing – Is A Bull Rally Next?

Ethereum (ETH) has been showing a solid performance lately, leaving investors both ecstatic and wary. The world’s second-largest cryptocurrency, boasting a market capitalization of nearly $480 billion, recently surpassed the coveted $4,000 mark for the first time since December 2021, igniting a flurry of bullish predictions.

Bitcoin Blasts Past $70,000 In Wild Week To Register New All-Time High

The price of bitcoin has shattered records by briefly surging past the $70,000 mark earlier today, signaling a renewed wave of enthusiasm among investors. The top cryptocurrency experienced a steady climb throughout the week with a sustained 12% rally, aided by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States.