Long-Term Bitcoin Investors Hold Steady Despite $2,000+ Plunge
After a prolonged period of stability and sideways trading within the $11,000 region, Bitcoin finally witnessed an influx
Read More
LongTerm
Winklevoss Brothers Say Bitcoin Could Reach $500K as the ‘Only’ Long-Term Inflation Hedge
"Bitcoin is ... the only known commodity in the universe that has a deterministic and fixed supply," the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000. Source
Read MoreA Critical Mass Of Long-Term BTC HODLers Seem To Be Making $100k Inevitable
Determining Bitcoin's (BTC) value can be more complicated than simply looking at its current market price."Most Bitcoins already cost at least $100,000, but probably more like $10 million," said Michael Goldstein, also known as Bitstein, in an Aug. 17 tweet. While Bitcoin sits around $12,000 at press time, many folks in
Read More
Long-Term Bitcoin Investors Holding Strong Despite Latest Rally
Bitcoin’s intense uptrend in recent weeks hasn’t phased its long-term investors, who appear to be holding out for
Read More
A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock
A popular narrative argues that the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin. However, that bullish theory, which suggests that the cryptocurrency would be viewed as a hedge asset in dire economic times, has
Read More
Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis
Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis.Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June 2020.
Read More
Gold Prices Are Crashing – Here’s Why Long-Term Investors Will Buy Anyway
Not everything is rallying on the job market’s surprise good news. Gold is diving and now trades under $1,700. Longer-term, lower interest rates and easing measures will likely lead to a massive rally for gold. Happy days are here again! At least they are in the stock market.
Read More
Analysts: Why Bitcoin Breaking $10,500 Is So Crucial to the Long-Term Bull Case
After days of stagnation and consolidation, Bitcoin started to mount a strong comeback earlier this week.The leading cryptocurrency now trades for $9,650 — the highest price in over a week and more than 13% higher than the ~$8,550 lows seen during a retracement earlier this month.But Bitcoin remains below a
Read More
Bitcoin Risks Falling to $2,900 if Market is Heading for Long-Term Lower Low
Bitcoin logged its wildest week for the first time in seven years, plunging by more than 50 percent after a sell-off sparked by the worsening Coronavirus pandemic.The benchmark cryptocurrency on Friday crashed from $8,187 to $3,858 with a matter of 30 minutes. A rebound ensued and took prices up to
Read More