Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No...
The dollar is weakening this year. As reported, the US dollar index declined 7% year-to-date, one of its worst openings in recent history. The dollar index measures the value of the dollar against six other major foreign currencies. As tensions between the US and several countries have increased on the trade front, worries regarding the long-term strength of the dollar are beginning to emerge. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) Bitcoin Receives More Attention From Investors As the dollar weakens, more investors are turning to....
Related News
Popular crypto exchange Phemex recently listed three of the most popular crypto tokens – Polygon (MATIC), Solana (SOL), and Axie Infinity Shards (AXS), paired with USDT. Each of these assets represents a sector that has seen enormous growth over the past months. However, AXS might hold the greatest potential to become part of the billion-dollar […]
American entrepreneur and venture capitalist Tim Draper has invested in Indian cryptocurrency exchange Unocoin despite regulatory uncertainty and reports of a possible crypto ban in India. Unocoin has seen the number of new users grow 10-fold since the supreme court quashed the banking restriction by the central bank. Investments Flow Into Crypto Sector in India The cryptocurrency sector in India continues to attract global investors as the government continues to deliberate on how cryptocurrencies will be treated in the country. The latest round of investments went into Unocoin, one of....
Venture capitalist Tim Draper has doubled down on his bitcoin price prediction of $250,000 by the end of this year or early next year. However, he explained why he expects the price of the cryptocurrency to soar past his estimate.
Tim Draper’s Bitcoin Price Prediction
Venture capitalist Tim Draper has doubled down on his $250K bitcoin price prediction. In a recent interview with Scott Melker, aka the Wolf of All Streets, Draper was asked if he still believes the price of bitcoin would reach $250K this year. He replied:
Yeah, by the end of this year or early next....
Bitcoin (BTC) and Ether (ETH) could be on the verge of significant price adjustments, according to insights shared by prominent crypto venture capitalist Chris Burniske. Burniske, the founder of Placeholder Capital, on the social media platform X offered a unique perspective on the current state of the cryptocurrency market, suggesting that a phase of selling […]
Billionaire Peter Thiel shared concerns that investing in Bitcoin is already a “known secret.” As Bitcoin (BTC) marked a new all-time high above $67,000, PayPal co-founder and billionaire venture capitalist Peter Thiel said he should have bought more Bitcoin.Thiel spoke of cryptocurrencies, central banks and artificial intelligence (AI) during an interview in Miami hosted by policy think tank Lincoln Network, Bloomberg reported Oct. 20.“You’re supposed to just buy Bitcoin,” Thiel said, adding: “I feel like I’ve been underinvested in it.”The tech investor noted that his only concern about....