2021-1-28 05:34 |
Guggenheim CIO Scott Minerd has made another bearish prediction for short term Bitcoin prices.
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Analysts see Bitcoin hitting $300,000–$500,000 by 2029, but compound growth rates and market cap constraints suggest the moonshot era may be ending.
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Barstool’s Dave Portnoy plans to hold bitcoin until it hits zero after entering near the $100,000 top, highlighting a familiar retail capitulation pattern.
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Bitcoin has fallen to 15th place among global assets by market capitalization. CompaniesMarketCap data placed BTC below several technology companies, Saudi Aramco, and newly listed SpaceX. The ranking came as Bitcoin traded near $63,800 with a market value of about…
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