Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-dynamics-and-expert-insights/" data-wpel-link="internal">Bitcoin Price Dynamics and Expert Insights</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/bitcoin-ve-ethereumda-beklenen-ralli-icin-gereken-kritik-seviyeler" data-wpel-link="internal">Bitcoin</a> price had soared past $73,000 last month, reaching a new all-time high (ATH) above $73,500. After reaching this ATH, it quickly retreated and first fell below $70,000. It then continued to trade in this region for a while, staying above the previous ATH of $69,000. Yesterday, it experienced a sharp decline to $64,500. Despite all this, key figures in the market continue to maintain their optimism for <a href="https://en.coin-turk.com/blackrock-and-fidelity-lead-bitcoin-etf-inflows/" data-wpel-link="internal">Bitcoin</a>.</p> 
<h2 style="text-align: justify" id="famous-expert-comments-on-bitcoin">Famous Expert Comments on Bitcoin</h2> 
<p style="text-align: justify">Anthony Pompliano, founder of the venture capital firm <strong>Pomp Investments</strong>, has expressed a bullish stance on Bitcoin (<a href="https://coin-turk.com/tcmb-faiz-kararini-acikladi-bitcoin-turk-lirasi-karsisindaki-degeri-rekora-kosuyor" data-wpel-link="internal">BTC</a>).</p> 
<p style="text-align: justify">In an interview with CNBC, Pompliano mentioned that it’s hard to see how various triggers and historical similar events could lead to an increase in Bitcoin’s value.</p> 
<blockquote> 
 <p>We’ve reached a really important milestone before the halving – we’ve had the highest weekly, monthly, and quarterly close for Bitcoin. The last four times this happened, Bitcoin gained at least 300% in value for the remainder of the bull market. This doesn’t mean it will happen again. However, the fact that this has happened before the halving, a demand shock has occurred, and now a supply shock is expected to happen is significant.</p> 
</blockquote> 
<p style="text-align: justify">Bitcoin is currently about 66% above its lowest level seen in January, which is considered to be $39,500 following the approval of an ETF, indicating a price of $65,944.</p> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-337098-src-https-coin-turk-com-wp-content-uploads-2024-04-btc_2024-04-03_20-48-01-png-alt-width-1835-height-891"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-337098" src="https://coin-turk.com/wp-content/uploads/2024/04/BTC_2024-04-03_20-48-01.png" alt="" width="1835" height="891"></h2> 
<h2 style="text-align: justify" id="famous-expert-comments-on-the-us-economy">Famous Expert Comments on the US Economy</h2> 
<p style="text-align: justify"><strong>Anthony Pompliano</strong> also suggests that economic concerns and despair could significantly impact the price increase of Bitcoin and other cryptocurrencies.</p> 
<blockquote> 
 <p>The dollar has lost 25% of its purchasing power in four years. We have $1.1 trillion in credit card debt. There are 43 million Americans with federal student debt, averaging a balance of $37,000. People have lost hope, they have no hope. How do you live in a country where renting is cheaper than buying a home in 50 major metros?</p> 
 <p>What do you do when you have no hope?</p> 
</blockquote> 
<blockquote> 
 <p style="text-align: justify">I think if you go buy a lottery ticket, you have a one in 300 million chance. I think there are people now saying, “You know what?” A <a href="https://en.coin-turk.com/famous-crypto-analyst-predicts-the-future-of-doge-and-shiba-coin/" data-wpel-link="internal">memecoin</a> has better odds than a lottery ticket. I believe there are many people saying that Bitcoin is actually the safest bet.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-dynamics-and-expert-insights/" data-wpel-link="internal">Bitcoin Price Dynamics and Expert Insights</a></h5>

Bitcoin Price Dynamics and Expert Insights

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