Kraken CEO reverses $100K BTC 2021 forecast: Crypto winter now possible
In August, the CEO predicted that Bitcoin would trade “$100,000 plus a coin” late this year or early next year. As Bitcoin (BTC) continues to trade sideways around $48,000, Kraken CEO Jesse Powell is not counting out a potential crash on cryptocurrency markets in the short term.A crypto winter is now “possible,” Powell said in a Dec. 14 interview with Bloomberg Technology, noting that Bitcoin and the crypto ecosystem have historically evolved around cycles based “sort of around the Bitcoin halving.”But despite a potentially looming crypto winter, Powell is confident that the market will....
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Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.”
The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’
Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, experts, analysts, and advisors this year....
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, predicts that Bitcoin will hit $100,000 by 2025 and says that he expects the cryptocurrency market to flourish as a “revived bull market.” Popular trader Credible Crypto shares McGlone’s fearless forecast. . Last month, Credible Crypto published an updated forecast for Bitcoin’s price trajectory, pointing to BTC […]
As the first and primary cryptocurrency to exist, Bitcoin has witnessed different reactions and predictions in the industry. Its advancement over the past years has been above the growth of conventional assets. However, the recent bearish trend in the crypto market this year created doubts about the future of the token. Recently, the Chief Economic Adviser at Allianz, Mohamed El-Erian, disclosed his opinion on the potential future of BTC. According to him, the leading crypto asset will become a global reserve currency, but its price will not reach the $100,000 level. Related Reading:....
Cryptocurrency derivatives markets have been seeing significant demand, as daily volumes for bitcoin options crossed $1 billion on December 17, 2020. Most of the record turnover has been taking place on the derivatives platform Deribit, and a large $100k strike has been introduced on the exchange for September 2021. While bitcoin (BTC) spot markets touched an all-time high (ATH) this year at $23,777 per coin, derivatives markets have been seeing lots of action as well. On Thursday, December 17, 2020, researchers from skew.com tweeted about the record BTC options volumes crossing $1....
If seasonal levels of male testosterone correlate with winter price spikes, then a bull run might just be headed our way.