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$$$$Bitcoin to $350,000? Bulls say the current rally is just the beginning.$$$
Bitcoin on Monday surged above $72,000, a new all-time high, but that’s far from the peak expected by some who track the world’s largest cryptocurrency.
Lender Standard Chartered anticipates bitcoin will reach $100,000 by the end of the year. Research firm Fundstrat has a target range of $116,000 to $137,000. Hedge fund SkyBridge predicts $170,000 by April 2025.
"Bitcoin is like art," said a Wall Street research analyst who requested anonymity. "There's no way to come up with a target.”
That hasn’t stopped other financial firms from trying — and setting the price significantly higher than it is today. Some of the companies making these predictions also sell products that provide investors with exposure to the digital asset.
One is VanEck, among the money managers that received approval from the Securities and Exchange Commission in January to launch a new spot bitcoin exchange-traded fund.
VanEck recently scrapped its $80,000 target for 2024 as bitcoin began hitting new all-time highs in the past week. However, the firm's "medium-term" target of $350,000 still holds.
Bitcoin on Monday surged above $72,000, a new all-time high, but that’s far from the peak expected by some who track the world’s largest cryptocurrency.
Lender Standard Chartered anticipates bitcoin will reach $100,000 by the end of the year. Research firm Fundstrat has a target range of $116,000 to $137,000. Hedge fund SkyBridge predicts $170,000 by April 2025.
"Bitcoin is like art," said a Wall Street research analyst who requested anonymity. "There's no way to come up with a target.”
That hasn’t stopped other financial firms from trying — and setting the price significantly higher than it is today. Some of the companies making these predictions also sell products that provide investors with exposure to the digital asset.
One is VanEck, among the money managers that received approval from the Securities and Exchange Commission in January to launch a new spot bitcoin exchange-traded fund.
VanEck recently scrapped its $80,000 target for 2024 as bitcoin began hitting new all-time highs in the past week. However, the firm's "medium-term" target of $350,000 still holds.
Solana-based NFT trading platform Tensor said Tuesday it will issue a token, $TNSR, whose holders will govern the protocol.
Since December a spate of crypto finance projects in the Solana blockchain ecosystem have released tokens in attempts to "decentralize" their governance. Holders of these tokens get to vote on the directions of their protocols. Oftentimes those who have used the protocol heavily – by, say, trading hundreds of NFTS – get bigger allocations of the token.
In a post on X (formerly Twitter) the Tensor Foundation said more details about the token's release will come "soon." It did not state whether there would be an airdrop.
#Solana🚀 #HotTrends #SOLANA✅ #solanasupramacy #cryptoupdate1
Since December a spate of crypto finance projects in the Solana blockchain ecosystem have released tokens in attempts to "decentralize" their governance. Holders of these tokens get to vote on the directions of their protocols. Oftentimes those who have used the protocol heavily – by, say, trading hundreds of NFTS – get bigger allocations of the token.
In a post on X (formerly Twitter) the Tensor Foundation said more details about the token's release will come "soon." It did not state whether there would be an airdrop.
#Solana🚀 #HotTrends #SOLANA✅ #solanasupramacy #cryptoupdate1
The world’s leading cryptocurrency has risen more than 70 per cent since 1 January, reaching above $70,000 for the first time in its 15-year history. It builds on gains of more than 150 per cent last year, which saw it rise up from below $17,000 at the start of 2023.
More significantly, according to some crypto market analysts, is an upcoming event known as the ‘halving’, which will see the rewards for mining the cryptocurrency cut in half.
Beyond this point, it is unchartered territory. Regarding the average price prediction for BTC of $123,056, this will require the cryptocurrency to rally another 60 per cent from its current levels. While the timeline is unclear, this could be a possibility given how prices have rallied.
Please be notice this is just a prediction, invest at your own risk.
If you like this information don't forget to support ❤️
#HotTrends #BTC #btc.70.000✅ #BTC_live_market_update
More significantly, according to some crypto market analysts, is an upcoming event known as the ‘halving’, which will see the rewards for mining the cryptocurrency cut in half.
Beyond this point, it is unchartered territory. Regarding the average price prediction for BTC of $123,056, this will require the cryptocurrency to rally another 60 per cent from its current levels. While the timeline is unclear, this could be a possibility given how prices have rallied.
Please be notice this is just a prediction, invest at your own risk.
If you like this information don't forget to support ❤️
#HotTrends #BTC #btc.70.000✅ #BTC_live_market_update
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