Where do you think the current bitcoin price rally will lead us? Back to $20,000, maybe set a new record high at $30,000? For one analyst, all the factors indicate that the current rally could take us up to $100,000. Naeem Aslam, the chief market analyst at ThinkMarkets, believes that […]
Tag: bitcoin price prediction
From Tom Lee to John McAfee, Bitcoin Predictions Haven’t Aged Well
They came in plenty, some a little conservative and others outright ambitious. There were those who predicted that Bitcoin would hit $20,000 even before the year ended. Others went long term, predicting as high as $1 million in 2020. While the long-term predictions could still come to pass, those who […]
Emerging Markets Are the Biggest Determinant of Bitcoin’s Price Movement: Fundstrat’s Tom Lee
Mining and network effects affect the price of Bitcoin, but according to Tom Lee, the biggest determinant of Bitcoin’s price movement is the emerging markets. In a recent interview, the Bitcoin researcher from Fundstrat Global Advisors stated that the economic factors at play in emerging markets have had the biggest […]