Insights & Views — Page 53

SCB 10X believes that DeFi firms could work hand in hand with their traditional counterparts in the future.

Novogratz sees Bitcoin (BTC) consolidating between $30K and $35K.

Bitcoin, the largest crypto by market cap, remains the most preferred crypto in Turkey with 7 out of 10 crypto traders say that they trade in BTC.

The household debt of millennials and Gen Z, which only accounted for around 34 percent of the total in 2019, grew to around 45.5 percent by 2020 and further increased to 50.7 percent this year.

With the dollar’s scarcity, Bitcoin (BTC) is sometimes used as its proxy and hedge against inflation.

JPMorgan analysts predict that the industry could grow to 20 billion next year following the launch of Ethereum 2.0 and double again to $40 billion by 2025.

It appears that the Tesla CEO might be losing his touch as his latest social media posts failed to substantially affect the prices of Bitcoin (BTC) and Dogecoin.

The 'Rich Dad Poor Dad' author believes that an epic crash is coming to the financial markets.

While he is bullish on the crypto's price trajectory in the next five years, he is not so sure if it can surpass gold’s $10 trillion market cap.

Crypto experts believe that the current pullback is an opportunity for investors to acquire digital currencies at low prices.

For Tom Lee, BTC's potential to go above $100,000 this year has not diminished even though it fell below $30,000 on Monday.

While investors are understandably worried, Facebook’s David Marcus actually believes that China’s crackdown on Bitcoin mining is a “great development” for the crypto.

Steven Cohen, the CEO, president, and chairman of Point 72 Asset Management says he is “fully converted” and is taking a deep dive into crypto.

The stock-to-flow Bitcoin price model creator also has a bullish prediction where BTC could reach $450K by December.

"The market has been this ‘cheap’ or cheaper relative to trend only 20.3% of the past eleven years,” says Morehead.

In a recent survey done for the UK investment firm AJ Bell, 7 percent of Britons bought crypto over the last year compared to the 5 percent who said they invested in stocks and shares ISAs.

After the correction flushed out leverage, Mashinsky believes that Bitcoin is getting ready to go above a hundred thousand.

The billionaire venture capitalist still believes that Bitcoin has the potential to reach $250,000 by the end of 2022 or early 2023.

Jones said he likes Bitcoin as a portfolio diversifier and that he’d allocate 5 percent of his portfolio to BTC

Long described last month's pullback as a bull market correction and that the bull market trend has not been broken.

PlanB remained steadfast in his conviction that BTC could reach sig-digit figures in the next three years.

New data from Chainalysis suggest that U.S.-based investors benefited from the rally the most and they collectively raked in more than $4 billion in profits in 2020.

Novogratz said that one potential catalyst would be the approval of a Bitcoin ETF by the Securities and Exchange Commission (SEC).

At the time of writing, Bitcoin traded at $36,981.99 per coin as it surged by 12.74 percent in the last 24 hours.

SkyBridge Capital says Bitcoin is still in its early adoption phase, where volatility is to be expected but there’s also huge potential for its appreciation.

Bank transfers remain the most common method with victims sending over AUD97 million (US$75 million) to scammers in 2020.

These banks seem to be targeting clients who have used their debit or credit cards to buy crypto on exchanges.

With the $400 million proceeds from the notes, MicroStategy could make an additional purchase of more than 12,100 BTCs at $32,993.26.

Fiat alternatives such as Bitcoin (BTC), gold, and other cryptos are likely to remain resilient during the FED tapering.

One in five of the survey participants of a recent survey says that crypto is the new key to homeownership.

The hacking group Anonymous pointed out the billionaire’s cavalier attitude towards retail investors.

Just as Bitcoin appeared to have rebounded, BTC’s price slid by around 5 percent on Friday, a movement that many believe is once again linked to Elon Musk’s social media activities.

Francis Suarez bought BTC and ETH the day that the Senate passed the $1.9 trillion dollar stimulus bill as he felt that at that point that inflation was inevitable.

The asset manager said that when bitcoin gets that mispriced, it is the sign of that bottoming process.

BTC’s price sell-off appears to be losing steam as suggested by on-chain indicators.

The 2021 Trends in Investing Survey noted that while advisers remain cautious on digital assets, or cryptocurrencies, it seems that they may be shifting to embracing them due to client demand.

A Chinese critic set himself apart by painting the gloomiest picture yet by stating that “We’re all going to die” and the society could “shrink and self-explode” once the crypto becomes widely used.

Aside from investing in crypto, Brady also launched Autograph, a non-fungible token (NFT) platform last month.

Bianco is betting that Ether (ETH) will ultimately benefit from the decentralized finance movement regardless of the high volatility of the crypto's price at the moment.

Carl Icahn believes that crypto is here to stay but most digital currencies today will not survive.