BTC's price has risen again above $9,700. According to Keith McCullough (CEO of Hedgeye Risk Management), this cryptocurrency is currently in an upward trend!
One of the most popular cryptocurrency exchanges, Binance, is returning to the Chinese market after China introduced a ban on cryptocurrencies trading in 2017. However, Binance's target this time is returning to China for another purpose. The company will develop and promote blockchain technology.
Investor and analyst Tuur Demeester says that after halving, the price of bitcoin will not fall below $6,000 and may rise to $5,0000 in the future.
Greyscale Investment's portfolio has increased by 60,000 bitcoins in the last 100 days - about as many bitcoins as were extracted in the last 3 months.
Raould Pal, CEO of Real Vision, says that the price of bitcoin in the long term could rise up to $467,000. He is not alone, as such forecasts have already been made by Mark Yusko among others.
After the third halving in the history of Bitcoin, its price has reacted by 13% increase. According to the data monitoring website, as many as 93% of the days brought profit for those clinging to the HODL strategy.
While there are many different blockchain and cryptocurrency solutions on the market today, Bitcoin still remains king of them, just like "the lion is king of the jungle"
Officials from the Bank of China are pushing for an accelerated adoption of the Blockchain Technology.