Bitcoin’s Value Surpasses $23,700, Critics Claim Its a ‘Bubble,’ Onchain Anal...
The crypto economy has gained a massive amount of value during the last few days, as the aggregate market cap of all 7,500+ digital assets is a whopping $640 billion on Thursday. Meanwhile, the largest blockchain in terms of valuation, bitcoin has touched an all-time high of $23,777 rising more than 22% in 24 hours. Digital currency markets are doing extremely well this week, as a great number of coins have seen significant gains during the last three days. At $640 billion, the aggregate market cap of all the crypto assets in existence is up over 15% on Thursday. Bitcoin (BTC) recently....
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Bitcoin is a historic opportunity for retail and individual investors to access assets and economic wealth before major financial institutions.
Bitcoin is constantly the subject of controversy, bringing out pundits, skeptics, and critics of all kinds and of various domains. Economists call it a bubble, investors call it rat poison, and environmentalists claim it is slowly killing the planet. Energy FUD is an easy target for the cryptocurrency due to the complex, proof-of-work consensus algorithm […]
“It’s going to the mooooon!” pretty much sums up most popular analyses you’ll find about Bitcoin’s price. But do many consider that perhaps quite the opposite may be true? That due to the average person’s deep-seated discomfort with the trappings of cryptography, Bitcoin holders are actually making an incorrect bet — and are smack in the middle of a bubble? This lecture I gave at the University of New Mexico illustrates why if one or more cryptocurrencies doesn’t exit its “PGP” stage, it will not gain enough utility to leave the speculation stage. Hence, bubble. What is a ‘Bubble’ in....
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....
NFTs are all the rage at the moment. At the same time, some, including Mike Winklemann, AKA Beeple, have described the situation as a bubble. “I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst.” […]