Bitcoin’s price predictions are back with a vengeance, and the $100K
milestone is the glittering prize that has everyone’s attention.
Among the experts, Michael Saylor, the ever-optimistic face of
MicroStrategy, believes Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term could break this barrier by the end of 2024.
His company continues to hoard BTC like it's going out of style, with investors
clamoring for more exposure to the digital asset.
Meanwhile, Cathie Wood of Ark Invest is going acapella in the bullish
choir. Wood predicts that Bitcoin “has
a long way to go”, citing institutional adoption. In her view, Bitcoin is
more than a speculative asset—it’s a hedge against economic turbulence and fiat
currency instability.
But is $100K realistic, or are we drinking too much of the crypto
Kool-Aid?
$100,000 - Can Bitcoin See It By Year End?
Cathie Wood’s Ark Invest remains at the forefront of Bitcoin
evangelism, doubling down on its BTC holdings and projecting a seismic shift in
institutional adoption. Wood argues that as traditional assets falter under
economic uncertainty, Bitcoin’s decentralized nature will attract hedge funds,
pension funds, and sovereign wealth funds.
Based on @dpuellARK’s on-chain analytics and analysis, the bull market in bitcoin is in good shape. After its halving in April, growth in the supply of bitcoin dropped to 0.9%, below the long term growth in the supply of gold for the first time! https://t.co/RHi21HKukV
— Cathie Wood (@CathieDWood) November 15, 2024
Her optimism isn’t baseless. Several high-profile institutions have
dipped their toes into the Bitcoin waters, signaling that the stigma
surrounding crypto is fading. Ark’s research suggests that if just a fraction
of institutional money flows into Bitcoin, $100K could become a conservative
estimate.
Will #Bitcoin Break $100K by New Year's Eve?
— Michael Saylor⚡️ (@saylor) November 17, 2024
Speaking on CNBC on Friday, Saylor said, “I think it’s going to go up from here. I’m planning the
$100,000 party and think it will probably be New Year’s Eve at my house. So I
would be surprised if we don’t go through $100,000 in November or December.”
Bitcoin is Manifest Destiny for the United States. My discussion of The Red Wave, MicroStrategy's $42 Billion Plan, the compelling logic of the Strategic #Bitcoin Reserve, and getting ready for the 100K party, with @MorganLBrennan. pic.twitter.com/fvkwRnCzlU
— Michael Saylor⚡️ (@saylor) November 14, 2024
While the $100K dream has compelling arguments behind it, skeptics
remain. Bitcoin’s infamous volatility
Volatility
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
Read this Term, regulatory scrutiny, and potential
competition from central bank digital currencies (CBDCs) pose significant
risks.
All-in-All
But, let’s get down to brass tacks. The re-election of Donald Trump has
been a catalyst for Bitcoin's recent rally. Trump's administration is perceived
as more crypto-friendly, with promises to establish a national Bitcoin reserve
and appoint a pro-crypto chair to the Securities and Exchange Commission (SEC).
These anticipated policy shifts have bolstered investor confidence,
contributing to Bitcoin's ascent to record levels.
Institutional interest in Bitcoin has also intensified, with
substantial inflows into Bitcoin exchange-traded funds (ETFs). For instance,
BlackRock's iShares Bitcoin Trust has attracted significant investments,
indicating a growing acceptance of Bitcoin among mainstream financial entities.
This institutional backing provides a strong foundation for Bitcoin's price
appreciation.
From a technical analysis perspective, Bitcoin's breach of previous
resistance levels has set the stage for further gains. Analysts suggest that
surpassing the $75,000 mark opened the path toward the $100,000 target.
Bitcoin at $100,000 - A Pipedream, or On the Cards?
In summary, positive market sentiment, supportive political
developments, increased institutional adoption, and favorable technical
indicators positions Bitcoin well to potentially surpass the $100,000 threshold
in the near future.
Bitcoin’s journey to $100K isn’t guaranteed, but the stars seem to be
aligning. Yet, as any seasoned crypto investor knows, the market has a knack
for humbling even the most confident predictions. Whether Bitcoin hits $100K or
falters, one thing is clear: the ride will be anything but boring.
For more tales of finance, tech, stocks, politics and more, stay tuned
to our Trending section.
Bitcoin’s price predictions are back with a vengeance, and the $100K
milestone is the glittering prize that has everyone’s attention.
Among the experts, Michael Saylor, the ever-optimistic face of
MicroStrategy, believes Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term could break this barrier by the end of 2024.
His company continues to hoard BTC like it's going out of style, with investors
clamoring for more exposure to the digital asset.
Meanwhile, Cathie Wood of Ark Invest is going acapella in the bullish
choir. Wood predicts that Bitcoin “has
a long way to go”, citing institutional adoption. In her view, Bitcoin is
more than a speculative asset—it’s a hedge against economic turbulence and fiat
currency instability.
But is $100K realistic, or are we drinking too much of the crypto
Kool-Aid?
$100,000 - Can Bitcoin See It By Year End?
Cathie Wood’s Ark Invest remains at the forefront of Bitcoin
evangelism, doubling down on its BTC holdings and projecting a seismic shift in
institutional adoption. Wood argues that as traditional assets falter under
economic uncertainty, Bitcoin’s decentralized nature will attract hedge funds,
pension funds, and sovereign wealth funds.
Based on @dpuellARK’s on-chain analytics and analysis, the bull market in bitcoin is in good shape. After its halving in April, growth in the supply of bitcoin dropped to 0.9%, below the long term growth in the supply of gold for the first time! https://t.co/RHi21HKukV
— Cathie Wood (@CathieDWood) November 15, 2024
Her optimism isn’t baseless. Several high-profile institutions have
dipped their toes into the Bitcoin waters, signaling that the stigma
surrounding crypto is fading. Ark’s research suggests that if just a fraction
of institutional money flows into Bitcoin, $100K could become a conservative
estimate.
Will #Bitcoin Break $100K by New Year's Eve?
— Michael Saylor⚡️ (@saylor) November 17, 2024
Speaking on CNBC on Friday, Saylor said, “I think it’s going to go up from here. I’m planning the
$100,000 party and think it will probably be New Year’s Eve at my house. So I
would be surprised if we don’t go through $100,000 in November or December.”
Bitcoin is Manifest Destiny for the United States. My discussion of The Red Wave, MicroStrategy's $42 Billion Plan, the compelling logic of the Strategic #Bitcoin Reserve, and getting ready for the 100K party, with @MorganLBrennan. pic.twitter.com/fvkwRnCzlU
— Michael Saylor⚡️ (@saylor) November 14, 2024
While the $100K dream has compelling arguments behind it, skeptics
remain. Bitcoin’s infamous volatility
Volatility
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
Read this Term, regulatory scrutiny, and potential
competition from central bank digital currencies (CBDCs) pose significant
risks.
All-in-All
But, let’s get down to brass tacks. The re-election of Donald Trump has
been a catalyst for Bitcoin's recent rally. Trump's administration is perceived
as more crypto-friendly, with promises to establish a national Bitcoin reserve
and appoint a pro-crypto chair to the Securities and Exchange Commission (SEC).
These anticipated policy shifts have bolstered investor confidence,
contributing to Bitcoin's ascent to record levels.
Institutional interest in Bitcoin has also intensified, with
substantial inflows into Bitcoin exchange-traded funds (ETFs). For instance,
BlackRock's iShares Bitcoin Trust has attracted significant investments,
indicating a growing acceptance of Bitcoin among mainstream financial entities.
This institutional backing provides a strong foundation for Bitcoin's price
appreciation.
From a technical analysis perspective, Bitcoin's breach of previous
resistance levels has set the stage for further gains. Analysts suggest that
surpassing the $75,000 mark opened the path toward the $100,000 target.
Bitcoin at $100,000 - A Pipedream, or On the Cards?
In summary, positive market sentiment, supportive political
developments, increased institutional adoption, and favorable technical
indicators positions Bitcoin well to potentially surpass the $100,000 threshold
in the near future.
Bitcoin’s journey to $100K isn’t guaranteed, but the stars seem to be
aligning. Yet, as any seasoned crypto investor knows, the market has a knack
for humbling even the most confident predictions. Whether Bitcoin hits $100K or
falters, one thing is clear: the ride will be anything but boring.
For more tales of finance, tech, stocks, politics and more, stay tuned
to our Trending section.
