Investment Analyst Pegs Bitcoin Price to Hit $3,678 If SEC Approves ETF

Investment Analyst Pegs Bitcoin Price to Hit $3,678 If SEC Approves ETF

Emerita Capital, a provider of quantitative analysis for investment assets, believes bitcoin price could hit $3,678 if the Securities and Exchange Commission (SEC) approves the Winklevoss ETF on March 11. The company, writing in Seeking Alpha, recommends portfolios hold between 0.2% and 5.0% in bitcoin. It recommends purchasing bitcoin on an OTC spot exchange. Emerita Capital states at the outset that its views are contrary to many investment and research firms, a factor that has created an attractive return/risk ratio for investors taking positions in the bitcoin OTC market before March.....

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Investment Firm Pegs Bitcoin Value at $655

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New York Approves Its First Publicly Available Japanese Yen Stablecoin

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Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst

Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts. The latest rout saw BTC crash more than 8% within days from over $11,000 to $10,100. At Press time, each bitcoin is trading for $10,695, up nearly 2% in the last 24 hours. McGlone, a senior commodity strategist at Bloomberg, based his arguments....