Why Some Bulls Think Bitcoin Hits $500,000 Over the Coming Years
Bitcoin has undergone a strong rally over the past few weeks and in the past few months. In the past 30 days alone, the coin is up 50%, while since March, the cryptocurrency has gained 350%. Bitcoin seems poised to move higher as the fundamentals of the space continue to align in favor of growth. But how far will the cryptocurrency rally? Can the coin sustain a move far above the previous all-time highs of […]
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Traders are showing signs of becoming long-term investors already, anticipating that the Ethereum price could hit $2,000 in the coming sessions.
Bitcoin is at a pivotal moment, with bulls struggling to reclaim prices above $85K and bears failing to push BTC below $80K. This indecision in the market has led to growing bearish sentiment as many investors speculate whether the bull cycle is coming to an end. Related Reading: BTC Bearish Momentum Fades – Short Sellers Retreat […]
Cardano’s native asset ADA was among the best performers on Wednesday as bulls pushed its price up by more than 18 percent. The fourth-largest cryptocurrency hit $0.87, its highest levels in more than three years, as traders increased their bids for top Ethereum rival assets. They include Polkadot’s DOT (+5%), Avalanche’s AVAX (+60%), Chainlink’s LINK […]
Bitcoin has rallied nearly 15% in the past 24 hours. Ether hits $1,200.
Macro strategist Raoul Pal says the price of bitcoin will reach $1 million in five years. He attributes the price increase to adoption by large pools of investors and the “enormous wall of money” coming into bitcoin, rather than because “the world is collapsing.” $1 Million Bitcoin in 5 Years Former hedge fund manager Raoul Pal shared his view on the economy, gold, and bitcoin last week in a podcast interview with Daniela Cambone of Stansberry Research. Pal previously co-managed the GLG Global Macro Fund in London after departing Goldman Sachs where he co-managed....