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Bitcoin - 1 Carol Alexander - 1 Geoff Kendrick - 1 Kendrick - 1 Antoni Trenchev - 1 wouldn't - 1 Mark Mobius - 1 Tim Draper - 1
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BlackRock - 1 CNBC Pro - 1 CNBC - 1 Sussex University - 1 SEC - 1 British - 1 Chartered - 1 Standard Chartered - 1

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☆ After an 80% rally for bitcoin, market experts predict where it's going next in 2023
  + stars: | 2023-07-18 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
Bitcoin made a stunning jump in the first half of 2023, hitting $30,000 again for the first time in months. Five market experts responded to CNBC questions via email, and three said they expect bitcoin to reach the $50,000 level by the end of 2023. That is a net annual reduction in selling of BTC 250,000 — a large number relative to bitcoin market turnover." "We previously predicted that this driver would add USD 10,000 to the bitcoin price," he added. Mobius said he expects bitcoin to climb to $40,000 by the end of 2023, citing investor "belief" in the digital coin.
Persons: Bitcoin, Carol Alexander, Geoff Kendrick, Kendrick, Antoni Trenchev, wouldn't, Mark Mobius, Tim Draper, Mobius, bitcoin, Draper didn't, —, Kevin Schmidt Organizations: BlackRock, CNBC Pro, CNBC, Sussex University, SEC, British, Chartered, Standard Chartered, BTC, Federal Reserve, Mobius Capital Partners, Draper Associates, Trust, Fidelity, U.S . Securities, Exchange Commission Locations: Terra, Binance
☆ The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards
  + stars: | 2023-01-02 | by ( Ryan Browne Arjun Kharpal | Ryan Browne | Arjun Kharpal | ) www.cnbc.com   time to read: +6 min
CNBC rounds up some of the boldest price calls for bitcoin in 2023. Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, are being squeezed by the slump in prices and rising energy costs. "In prior down markets, miner capitulation has usually indicated major bottoms," Ayyar told CNBC. However, Mobius told CNBC that he is sticking for his $10,000 price call in 2023. "There will be a managed bull market in 2023, not a bubble -- so we won't see the price overshooting as before," she told CNBC.
☆ From $250,000 to $10,000 price calls: How market watchers got it wrong with bitcoin in 2022
  + stars: | 2022-12-23 | by ( Arjun Kharpal Ryan Browne | Arjun Kharpal | Ryan Browne | ) www.cnbc.com   time to read: +12 min
The events of the year took many investors by surprise and made the task of predicting bitcoin's price that much harder. The crypto market was awash with pundits making feverish calls about where bitcoin was heading next. When asked about his $250,000 target earlier this month, the Draper Associates founder told CNBC $250,000 "is still my number" — but he's extending his prediction by six months. The entrepreneur says he's also done making bitcoin price predictions. Buehler said lack of risk management in the crypto industry, missing regulation and fraud have also been major factors affecting prices.
☆ Binance boss says Sam Bankman-Fried's trading firm tried to undermine key token Tether — risking a crypto rout
  + stars: | 2022-12-09 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
Binance boss Changpeng Zhao accused Sam Bankman-Fried's Alameda Research of trying to drive down the price of Tether, according to the New York Times. The stablecoin’s collapse would likely trigger a crypto crash, analysts have warned. US federal prosecutors are already investigating Bankman-Fried for manipulating the price of both of those cryptocurrencies, the New York Times reported Wednesday. Having reached $1 again in July, Tether slipped away to fall to $0.9963 on November 10 as FTX's bankruptcy sent ripples through the crypto sector. Analysts have repeatedly warned that the stablecoin's collapse would cause a wider crypto crash — and argued that Tether poses a systemic risk to the crypto sector.
☆ Tether, world's biggest stablecoin, cuts its commercial paper holdings to zero
  + stars: | 2022-10-13 | by ( Mackenzie Sigalos Ryan Browne | Mackenzie Sigalos | Ryan Browne | ) www.cnbc.com   time to read: +4 min
The world's biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style "bank run." Tether, the world's largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post. There are now about 68.4 billion tether tokens in circulation, according to data from CoinMarketCap, up from 2 billion three years ago. But well before UST's dramatic implosion, Tether — the company behind the stablecoin of the same name — was facing serious regulatory backlash over its reserves. Critics have also raised fears that tether tokens were used to manipulate bitcoin prices, a claim Tether has repeatedly denied.
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