Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says
A well-known market analyst believes Bitcoin is on track to reach new highs this year. Tom Lee, the co-founder of Fundstrat Global Advisors, expects the cryptocurrency to do “better than $150,000” by the end of 2025. Related Reading: BTC Repeats Historic Pattern—Is a Breakout Toward $100K Next? His latest comments come as Bitcoin struggles with recent volatility but remains a popular investment choice among institutional and retail traders. The co-founder of Fundstrat expressed his opinions on CNBC’s Squawk Box, referencing a variety of favorable fundamentals for the....
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Only 7% of users who first interact with Ethereum will continue to do so even after a year, latest Token Terminal data on October 9 shows. This statistic means that roughly 93% of users will stop using the platform to transfer tokens or deploy smart contracts within a year. This suggests that the platform (or its […]
The newly-appointed Australian Securities Exchange (ASX) chief, Dominic Stevens, recently defended the company’s stake in blockchain research and development. ASX Blockchain To Replace ASX’s Clearing System In The Future. According to the Financial Times, ASX is steadfast towards implementing blockchain within its operations. This August, the firm....
This week was low on high-profile people news but high in community building and hard work. Everyone seems to be waiting to see where the chips fall before making any decisions. Except for the people of El Zonte, they can’t stop and won’t stop building. As the big September date approaches, we’ll see where everyone […]
A perfect storm consisting of COVID-19, supply shortages and surging crypto prices has resulted in the best financial quarter in Nvidia's history, as the stock hits all-time highs. Nvidia’s ongoing supply problems won’t stop the company from selling $50 million worth of its new CMP chip range in the first quarter of 2021, the company’s chief financial officer Colette Kress forecasted on Feb. 24.Nvidia failed to meet demand from its core gaming customer base in 2020, and the trend looks set to continue into 2021. Added demand from a horde of cryptocurrency enthusiasts keen to direct....