Popular Crypto Analyst Says Next Bitcoin Bull Run On Its Way, But Market ‘Not Ready Yet’ – Here’s His Outlook

2023-10-15 10:29

Bitcoin has been trading sideways in recent days, hovering around $26,800 after a 4% drop this past week. However, according to popular analyst Pentoshi, Bitcoin is gearing up for its next bull cycle.

Pentoshi, who has over 700k followers on social media platform X (Twitter), stated that when central banks resume money printing and inflation rises, Bitcoin will be ready for another price surge thanks to its fixed supply and programmatic monetary policy.

Unlike fiat currencies which can be devalued through inflationary policies, Bitcoin’s code ensures that only 21 million coins will ever exist. This gives Bitcoin a verifiable scarcity that makes it an attractive hedge against currency debasement.

“When the printers come back to inflate away debt, and they will and always have Just remember $BTC is fundamentally the hardest asset in the world with both a programmatic monetary policy and fixed supply There’s always another cycle.” says Pentoshi.

When asked when the next Bitcoin bull run would start, Pentoshi replied “Aren’t there yet,” implying that while the macro conditions are lining up, the timing is not quite right just yet. However, many indicators suggest the next cycle is on the horizon.

Pentoshi remains steadfastly bullish on Bitcoin’s long-term prospects. As central banks continue to confront high inflation and geopolitical turbulence, investors can expect growing demand for provably scarce assets like Bitcoin. Its upcoming halving event in 2024 also promises to put further constraints on Bitcoin supply.

While short-term price action remains uncertain, Pentoshi and many other analysts view Bitcoin’s next parabolic bull run as inevitable in the years ahead. This will be driven by its unmatched qualities as a scarce digital store of value amidst a backdrop of monetary expansion.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Popular Crypto Analyst Says Next Bitcoin Bull Run On Its Way, But Market ‘Not Ready Yet’ – Here’s His Outlook appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66915.46 (-0.12%)
Объем 24H $23.294b
Изменеия 24h: 1.18 %, 7d: 9.86 %
Cегодня L: $66739 - H: $67313.92
Капитализация $1318.232b Rank 1
Цена в час новости $ 26911.19 (148.65%)

bitcoin popular analyst past drop hovering around

Источник: captainaltcoin.com

bitcoin popular → Результатов: 126


Фото:

Bitcoin ATMs Ignore Market Downturn, Rapidly Spread Throughout US Cities

Bitcoin ATMs continue to spread across the United States at a rapid clip.   Chicago is the latest city to see an increase in ATMs supporting both the cryptocurrency market leader and various popular altcoins — thanks to an Atlanta-based company called Lux Vending, which has dropped 30 ‘Bitcoin Depot’ ATMs throughout the Chicago already this year.

2019-1-29 10:00


Фото:

Dapper Labs Launches NFT License 2.0, Defines Digital Arts Ownership Rights

Dapper Labs, the U. S. -based blockchain firm that created the popular CryptoKitties video game, has announced the launch of a new version of the Non-Fungible Token (NFT) License which will allow more use cases for digital arts and define what owners of these works can do with them, according to a Medium blog post on January … Continue reading "Dapper Labs Launches NFT License 2.

2019-1-25 14:00


Popular Bitcoin (BTC) Educator Andreas Antonopoulos Exposes Conferences for Fake Speaking Gigs

In recent times, a lot of instability has rocked the cryptocurrency market, causing the prices and rates of investments to oscillate. While many supporters and advocates are constantly trying to speak favorably and work so potential investors are not deterred, it would seem like some others may have other goals. A known Bitcoin (BTC) supporter, […]

2019-1-25 09:50


Фото:

Samsung’s Upcoming Flagship Smartphone Could Feature a Cryptocurrency Wallet

As one of the most popular smartphone brands today, the possible new features of Samsung’s upcoming batch of gadgets are among the hottest topics within tech circles. Set to launch next month, the company’s newest flagship phone called the Samsung Galaxy S10 might offer an exciting feature specifically targeting the crypto crowd – a built-in cryptocurrency […] Samsung’s Upcoming Flagship Smartphone Could Feature a Cryptocurrency Wallet was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-1-25 20:59


Darknet Bitcoin (BTC) Transactions Still Soaring

While the crashes of 2018 had many turning and running away from the cryptocurrency scene, Bitcoin still remains a popular means of payment for darknet surfers. The term darknet refers to the parts of the internet that are intentionally hidden away from public view so that users may participate in taboo, or possibly illegal actions, […] The post Darknet Bitcoin (BTC) Transactions Still Soaring appeared first on ZyCrypto.

2019-1-24 11:34


Popular Wallet Blockchain.com Adds Limited Support for Bitcoin SV (BSV) Token

Following the contentious hardfork that led to the creation of two versions of the controversial bitcoin cash (BCH), Blockchain.com (formerly Blockchain.info), the makers of one of the most trusted bitcoin wallets has announced partial support for BSV, after closing monitoring the network since November 15, 2018, when the fork took place, according to a blog […]

2019-1-24 00:36


Фото:

Coinbase still Long on Bitcoin as CEO Investigates Details for Creating Value

There are many cryptocurrency traders, investors, and enthusiasts that might have grown tired of Bitcoin price predictions, given the fact that the markets are so volatile. For example, Tom Lee of Fundstrat Advisors, who has frequently appeared on popular media platforms such as Bloomberg and CNBC, gave various incorrect predictions about the price of Bitcoin before ultimately abandoning the prediction.

2019-1-23 20:00


Фото:

In Tether We Trust? USDT Still Dominant Stablecoin

Tether (USDT) remains the most popular stablecoin, accounting for more than half of all value moving from Bitcoin to fiat or fiat-denominated currencies in December. Has the sector gone back to bed with the original stablecoin? A recently published report by CryptoCompare, a cryptocurrency statistics source, found that Tether represents 75% of Bitcoin (BTC) trades […] The post In Tether We Trust? USDT Still Dominant Stablecoin appeared first on Crypto Briefing.

2019-1-18 18:56


Binance Launches Binance Jersey: a New EUR/GBP Fiat Exchange

The popular cryptocurrency exchange of Binance has made true of its promise to keep building during the current crypto bear market by launching Binance Jersey. The team at Binance made the announcement earlier today and informed the crypto and investor communities that major the cryptocurrencies of Bitcoin (BTC) and Ethereum (ETH) will be the first […] The post Binance Launches Binance Jersey: a New EUR/GBP Fiat Exchange appeared first on Ethereum World News.

2019-1-16 14:09


Pantera Capital’s Joey Krug Believes Bitcoin Would Not Succeed as Money Due to Volatility

Pantera Capital’s co-CIO and core developer at Augur, Joey Krug, wrote a recent article about Bitcoin and why he believes that the most popular digital currency will not succeed as money. According to him, blockchain technology might not be able to catalyze a revolution in the payments industry. Although Bitcoin could become digital gold, it […]

2019-1-16 07:32


Cryptopia, New Zealand’s largest Cryptocurrency Exchange Hacked

The year started quite well for cryptocurrencies like Bitcoin and Tron. just shortly after the promising looks of the market and during a bear market, hackers decided to strike in New Zealand. In this latest hack, a popular exchange in New Zealand known as Cryptopia was attacked and its security has been breached yesterday 14 […] The post Cryptopia, New Zealand’s largest Cryptocurrency Exchange Hacked appeared first on ZyCrypto.

2019-1-15 14:13


Casinos Increasingly Adopt Cryptocurrencies as Payment Method

With internet technology becoming better every day, the market for cryptocurrency as a payment alternative has become wildly popular since Bitcoin was launched back in 2009. Into this foray has come to the gaming, e-commerce and real estate investing sectors which have realized the power of cryptocurrencies, with the gambling industry in particular increasingly adopting […] The post Casinos Increasingly Adopt Cryptocurrencies as Payment Method appeared first on ZyCrypto.

2019-1-15 09:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

100X Profit Alert: These Cryptos Are on a Crypto Whale’s Watchlist

Investing in cryptocurrencies can reap significant returns, and certain coins have caught the attention of a seasoned investor with a reputation for big moves. As the market enters a bull run in 2024, understanding which cryptocurrencies are poised for potentially explosive growth becomes crucial.

Investor Enthusiasm Grows as BlastUP Presale Approaches Final Fortnight

BlastUP, the premier launchpad on Blast, has raised over $6 million during its presale with two weeks to go, reflecting robust demand amid the market recovery. Blast, the sole Layer 2 blockchain offering high native yield on ETH and stablecoin staking, is witnessing a surge of interest in its ecosystem’s launchpad platform, BlastUP ($BLP).

5 Telegram Mining Mini Apps That ‘Will Do Well’ Following Notcoin (NOT) Launch

The phenomenal rise of Notcoin (NOT) has ignited a new wave of excitement in crypto mining world, this time centered around the popular messaging app Telegram. In the wake of Notcoin’s resounding success, where both seasoned investors and newcomers alike reaped substantial rewards, a fresh batch of Telegram mining mini apps is generating significant buzz.