Bitcoin Price Could Reach $98.5k Say Wall Street Analysts
The price of bitcoin could increase to as much as $98,500, according to analysts at financial services and investment firm Wedbush Securities. A report from analysts Gil Luria and Aaron Turner, which has been referenced on StreetInsider.com, takes an extremely positive view of bitcoin, suggesting digital currency has the potential to shake up the current payments space. Titled Bitcoin: Intrinsic Value as Conduit for Disruptive Payment Network Technology, the report states: "Among other facets, we believe bitcoin and its associated technology represent a potentially game-changing disruption....
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The previous big launches of Bitcoin-related products on Wall Street were followed by multi-month price slumps. Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billion in trading volume on its first day, while BTC price rallied to a new record high of $67,000.But the spot gains did not stay for too long with BTC paring some gains going into the weekend.Bitcoin price corrected by almost 11% from its all-time high to reach....
Wall Street has been all over Bitcoin over the past few months due to the growth in the need for an inflation hedge and a relative stagnation in the price of gold relative to other asset classes. This much was confirmed just recently when a Wall Street veteran and former White House staffer launched a […]
Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
Wall Street Chads is the first NFT project to create a decentralized community-run investment platform. Inspired by WallStreetBets, the infamous subreddit community which is credited for the meme-investing craze and coordinating one of the largest short squeezes in history, Wall Street Chads leverages the power of the blockchain to bring the same community-driven investment strategies […]
2013 saw the price of bitcoin go from $13 to $266, then to almost $1,200 on the back of strong growth in China. There was a correction, as the Chinese government implemented policies to make bitcoin trading much more difficult, but the digital currency has since rallied and shown significant resilience in the face of adversity. Many believe the price of bitcoin will increase in 2014, with some Wall Street analysts even predicting it could reach almost $100,000 at some point. But what do you think will happen to the price in the coming year? Do you think the bitcoin price will hit $10,000....