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Top related persons:
Bitcoin - 1 Dhaval Joshi - 1 Joshi - 1 bitcoin - 1 Bullion - 1 — CNBC's Michael Bloom - 1
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Montreal
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BCA Research - 1 Research - 1 BCA - 1

Search resuls for: "Bitcoin Bitcoin"


2 mentions found


☆ BCA Research sees bitcoin at $100,000 in the long run, says 'non-confiscatability' makes it the new gold
  + stars: | 2024-04-11 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Bitcoin 's gold-like ability to resist any form of seizure makes it a valuable asset for the long term, according to BCA Research, which calls for the world's largest cryptocurrency to eventually rally to more than $100,000. "The bitcoin price will rise well into the $100,000s as the market value for non-confiscatability grows substantially and bitcoin's share of this market grows substantially," Montreal-based BCA Research said. BTC.CM= YTD mountain Bitcoin Bitcoin hit a new all-time high above $73,000 on March 14, rising more than 70% this year. The introduction of U.S. spot bitcoin ETFs this year and the tightening bitcoin supply ahead of the late April " halving " have driven the price of the cryptocurrency up. "The sharp recent rallies in both gold and bitcoin reflect that the market has suddenly upped the value of non-confiscatability," BCA said.
Persons: Bitcoin, Dhaval Joshi, Joshi, bitcoin, Bullion, — CNBC's Michael Bloom Organizations: BCA Research, Research, BCA Locations: Montreal
☆ Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade, MicroStrategy's Michael Saylor says
  + stars: | 2022-09-22 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
MicroStrategy's Michael Saylor said bitcoin could return $68,000 in four years and then hit $500,000 within the next decade. While bitcoin has shed roughly 60% so far in 2022, MicroStrategy has continued to buy the dip on the token. "The next logical stop for bitcoin bitcoin is to replace gold as a non-sovereign store of value asset," he said. MicroStrategy, Saylor added, is still building out the Lightning Network, a payment protocol using the bitcoin blockchain. While bitcoin has shed roughly 60% so far in 2022, Saylor's MicroStrategy has continued to buy the dip on the token.
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