The agreement is subject to creditor acceptance. Original
Mt. Gox Creditors Can Claim 90% of Bitcoin Left in Bankruptcy: Bloomberg
Tag: Bloomberg
Bloomberg Report: $50k May Be Bitcoin’s Next Stop with a Base at $20k
Summary: $50k may be Bitcoin’s next stop Bitcoin’s old all-time high of $20k is now its base Bitcoin is attracting traditional gold investors as it is the digital version of the precious metal Bitcoin as an asset is maturing as seen through accumulation and a reduction of the premium rate on GBTC The team at Bloomberg have released their 2021 January crypto outlook report in which they forecast that $50k is Bitcoin’s likely next stop. According to the report, Bitcoin’s old all-time high of $20k is acting as its base…
Crypto Exchange Bakkt Nears Merger With Victory Park SPAC: Bloomberg
A deal could be announced as soon as next week, the report said. Source
Castle Island's Nic Carter on the Rise of Bitcoin
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Nov.19 — Bitcoin is seizing the spotlight from gold as a hedge against risks such as further dollar weakness or a pick-up in inflation. The cryptocurrency’s approximately 150% jump in 2020 puts the digital coin’s price relative to gold at the highest in almost three years. Nic Carter, founding partner at Castle Island Ventures, speaks with Bloomberg’s Caroline Hyde, Romaine Bostick and Joe Weisenthal on “What’d You Miss?”. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
$50K BTC? Bloomberg Joins the Onslaught Driving Bitcoin’s Rally
A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset. On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is: Being driven by institutional investors Shifting the center of the industry from East Asia to North America Winning converts from major research houses and institutions Driving the price of bitcoin to new all-time highs This week on The Breakdown: Original
GOLD VS BITCOIN – If Gold Price Goes Down, Stock Market And Real Estate Will Go Down | Peter Schiff
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io GOLD VS BITCOIN – If Gold Price Goes Down, Stock Market And Real Estate Will Go Down | Peter Schiff In this finance video, Peter Schiff talks about bitcoin, gold, the stock market, and the world economic crisis. Schiff says that you should also look at gold mining stocks. You know, a lot of you Bitcoin guys are in Bitcoin because you think it’s going to go up 10-20 times, that ain’t gonna happen. But that could happen with gold mining stocks.…
Bitcoin Price Could Hit $50K in 2021, Bloomberg Analysts Say
The path of least resistance for bitcoin is on the higher side, and the cryptocurrency could more than double from its current value in 2021, according to Bloomberg analysts. “Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic, technical and demand vs. supply indicators supportive of $50,000 target resistance, implying about a $1 trillion market cap,” noted Bloomberg Crypto in a monthly report. The demand-supply mechanics are currently skewed bullish, as only 900 new coins mined each day vs. 1,800 in 2017, and institutional participation…
Bloomberg lists 5 bullish trends for Bitcoin price despite ‘Thanksgiving crash’
Bitcoin (BTC) continues to convert some of its harshest traditional critics from mainstream finance as Bloomberg admits that this bull run is nothing like 2017. In an article on Nov. 27, the publication known for its pessimism highlighted a range of Bitcoin metrics pointing to a bullish future — despite Thursday’s $3,000 price rout. Bloomberg: Bitcoin market “far more liquid” Included as evidence were record-high Bitcoin futures open interest, non-zero wallet numbers, hash rate and the lack of correlation between Bitcoin and other macro assets. “Just look at market technicals…
$1T market cap is ‘next big resistance’ for Bitcoin — Bloomberg analyst
Bitcoin (BTC) hitting its all-time highs of $20,000 again is not the end, but the start of its explosion to a $1 trillion asset, a senior Bloomberg analyst says. In a tweet on Nov. 16, as BTC/USD reclaimed $16,000, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, delivered a fresh bullish forecast for the largest cryptocurrency. Bloomberg Intelligence: BTC will keep rising in 2021 Bitcoin saw lower levels over the weekend, briefly dipping to $15,800 before conspicuously rising on Monday to see highs of $16,400 at press time. “$20,000 #Bitcoin…
Bloomberg Goes Bullish on Bitcoin on Latest Nasdaq Decoupling
Bitcoin is on track of further price appreciation as it decouples from a classic positive correlation with tech stocks, according to Mike McGlone of Bloomberg Intelligence. On Wednesday, the senior commodity strategist highlighted the ongoing trend deviation between the flagship cryptocurrency and the Nasdaq 100 Stock Index — a benchmark that tracks the market performance of leading US technology companies. He posted a chart that showed BTC/USD in a clear uptrend in comparison to a slightly bearish Nasdaq 100, at least in the previous five weeks. Excerpts: “Underpinnings for further…