Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. Writing in daily market commentary made available to CCN, eToro senior market analyst Mati Greenspan said that the stars continue to align for a potential bitcoin … Continued
Chart for BTC/USD (1W)
The price of Bitcoin (BTC) does not matter. One Bitcoin (BTC) will always be one Bitcoin (BTC). Some of you will say, “What if eventually another coin takes the place of Bitcoin (BTC)?” The answer to that is, “It’s not going to happen”. It is funny that some traditional investors say that they like blockchain but they do not like Bitcoin (BTC). Like it or not, Bitcoin (BTC) is here to stay.
As China beefs up its cryptocurrency ban and US regulators reject more Bitcoin ETFs, famous faces are reaffirming their beliefs that Bitcoin prices could still hit up to $ 60,000 by 2020.
‘More Stability, Liquidity And Faster Adoption’
In the face of several regulatory setbacks for Bitcoin this week, BTCC co-founder Bobby Lee and Fundstrat Global Advisors’ Tom Lee both went on record in recent days to forecast a turnaround in the fortunes of the largest cryptocurrency.
“When (Bitcoin) passes the USD $ 60,000 price level in the coming years, it‘ll reach a total circulation value of $ 1 Trillion,” Bobby Lee wrote on Twitter yesterday, continuing:
Two more types of BCH tokenization projects have been announced on July 18, giving the BCH community a wider variety of different ideas that can bring forth the concept of representative tokens into reality on the Bitcoin Cash network.
Bitcoin cash recently hard forked and a little less than 20 percent of nodes didn’t upgrade. The industry argues over whether that matters or not.
Something happened this week that rarely occurs, history offered up a side-by-side comparison with a control. Heads of respective social network and messaging platforms Facebook and Telegram were each brought before their home governments, the United States for Mark Zuckerberg, Russia for Pavel Durov. How the two men responded is telling, and should inform everyone concerned with privacy, especially cryptocurrency enthusiasts.