BTC price dips to six-week lows, but worse could be to come for Bitcoin, says Capriole Investments. Bitcoin faces a “breakdown” and distribution despite a new macroeconomic paradigm being around the corner. That was one of the conclusions of quantitative Bitcoin and digital asset fund Capriole Investments, which, in its latest update, warned that Bitcoin was “not yet”…
233 ViewsBitcoin is a must-own as the world’s only truly scarce asset, analysis argues, as U.S. BTC accumulation takes a leg up. Bitcoin will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says. In a Twitter thread on July 8, investor Luke Broyles delivered a bold…
220 Views1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back. Bitcoin has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.” Data from on-chain analytics firm Glassnode confirms that as of May 18, there are…
273 ViewsAccording to ChatGPT, there’s a 15% chance that Bitcoin will “fade to irrelevancy,” with prices falling 99.99% by 2035. A Coinbase executive claims to have discovered a “jailbreak” for the artificial intelligence tool ChatGPT that allows it to calculate the probability of bizarre crypto price scenarios. The crypto exchange’s head of business operations Conor Grogan,…
344 ViewsOpinions vary on BTC price strength, with Bloomberg Intelligence warning that $25,000 may stay in place as major resistance. Bitcoin sought to end the week above $23,000 into the Feb. 26 close as concerns heightened over stubborn resistance. BTC price bulls keep faith in $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $23,318 on the day, up…
275 ViewsThis cycle’s Bitcoin and altcoin lows are behind us, Pantera CEO Dan Morehead says as he looks to a “year of rebuilding trust.“ Bitcoin is beginning its “seventh bull cycle,” and investors should not be scared of crypto post-FTX, Pantera Capital believes. In its latest “Blockchain Letter” on Feb. 8, the asset management firm’s CEO, Dan…
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