Bitcoin’s $200K Runway Extended To 2029, Analyst Says
Veteran trader Peter Brandt on Thursday offered a much slower timetable for Bitcoin’s next big rally, saying the cryptocurrency may not hit $200,000 until around the third quarter 2029. Related Reading: From Big To Bigger: Abu Dhabi Investment Council Triples Bitcoin ETF Exposure According to his post on X, Brandt remains a long-term supporter of […]
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Quick Facts: 1️⃣ Peter Brandt’s forecast of a $200K Bitcoin only around 2029 signals multiple infrastructure cycles in the immediate future rather than a single parabolic rise. 2️⃣ Bitcoin Layer-2 contenders – including Lightning, Stacks, and Rootstock – underscore the urgency to solve fees, speed, and on-chain programmability. 3️⃣ Bitcoin Hyper’s Layer-2 will combine ultra-low-latency […]
Thailand’s finance ministry has unveiled a plan to drop capital gains tax on cryptocurrencies for five years. Starting Jan. 1, 2025, and running through Dec. 31, 2029, people selling coins like bitcoin through licensed Thai platforms won’t pay tax on those profits. The move comes as Bangkok tries to pull more trading activity under its roof while […]
The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoin’s possible price floor after it reaches the top. Bennett suggests the end of this cycle could be between $207,000 and $270,000. Assuming bitcoin crosses $200K per coin, Bennett thinks the digital asset’s bottom after an 80% pullback will be around $50K.
‘2013 Vibes,’ ‘End-of-Cycle....
As bitcoin touched an all-time price high this week, the tech reporter at the New York Times, Kashmir Hill, recalled how she spent 10 BTC ($224k) for a sushi dinner for a couple of dozen strangers. Hill wrote about the dining experience in a recent article called “How I Blew My Bitcoin on Sushi: My $200,000 Sushi Dinner.” Additionally, the early bitcoiner Martti Malmi wrote about how he sold 55,000 BTC which would now be worth over $1.2 billion. Journalist Spends 10 BTC on a Sushi Dinner With Strangers in 2013 The price of bitcoin (BTC) has climbed to new price heights this....
Bitcoin has closed above last year's high, toppling a final technical barrier on the road to a potential new all-time high.