$140K Or Bust? Simulation Says Bitcoin’s Odds Are Now 50-50
According to economist Timothy Peterson, Bitcoin has a 50% chance of topping $140,000 before the month ends. He posted that likelihood on X and backed it with simulation work that uses a decade of price moves to map likely outcomes. Related Reading: Bitcoin Breaks $126K — Bitwise CIO Sees $1 Trillion Wave Coming Simulation Based On Historical Data Peterson said the model runs hundreds of simulations using daily Bitcoin prices going back to 2015. Based on those runs, he put the chance Bitcoin finishes the month above $140,000 at 50%. He also gave a 43% probability that the price will end....
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The Wikimedia Foundation has soaked up 140k in bitcoin donations since announcing accepting the cryptocurrency last week. The Wikimedia Foundation has soaked up $140k in bitcoin donations since accepting bitcoin donations last week. After some delay, it seems that the decision has paid off. The renowned public domain imaging site announced its partnership with Coinbase to accept bitcoins last week. It took a surprisingly long time for Wikimedia to warm up to donations considering founder Jimmy Wales' explicit curiosity, the obvious convenience in accepting a fee-free payment method, and....
Trading bitcoin profitably remains more of an art than an exact science. On any given day, Reddit is awash with theories explaining bitcoin price movements, ranging from exotic technical indicators to the machinations of FUD (fear, uncertainty and doubt) peddlers. That may change, however, with a new paper that claims to have devised a trading strategy that can produce an 89% return in less than two months. The authors, Massachusetts Institute of Technology associate professor Devavrat Shah and computer science student Kang Zhang, collected data from OKCoin, the world's largest exchange by....
The hottest topic in the Bitcoin space in 2017 is if Wall Street will get in the game through a Bitcoin ETF. As this decision is now just one week away, the odds of acceptance have shifted more in its favor than ever before. Bitcoin ETF Odds Highest Ever. Over the last couple of months, since this decision timetable became public knowledge, the odds have been long against the ETF, brought forth by the Winklevoss Twins three years ago, gaining Securities Exchange Commission approval. Odds have consistently been rated at 25% or less. However, now that you can vote on these odds, things have....
In a bust that once again reveals the dark side of cryptocurrency usage, the Hong Kong Customs cracked down on a sophisticated money laundering operation, seizing assets and making several arrests. According to the press release by the Hong Kong Government, the operation to bust this money laundering scheme is dubbed “Fencing,” and it particularly […]
Hungary plans to be the first country in the world to erect a statue of Satoshi Nakamoto, as a life-size bronze bust of Bitcoin’s creator will be displayed in Budapest. The bronze bust design is being constructed by two sculptors, Tamás Gilly and Réka Gergely. A Reflective and Hooded Bronze Bust of Satoshi Nakamoto to be Erected in Budapest A statue of Satoshi Nakamoto is being created to be erected in Budapest, Hungary when the project is complete. The creators of the bronze bust, Tamás Gilly and Réka Gergely, have recently revealed design plans for the....