2024

Bitcoin

BlackRock

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Major cryptocurrency trader and analyst Michael van de Poppe has published a new Bitcoin prediction with a target that has surpassed the recent target named by <a href="https://u.today/bitcoin-to-hit-500000-on-upcoming-stocks-and-gold-crash-max-keiser" rel="noopener noreferrer nofollow">Max Keiser</a>.
<h2 id="likely-price-value-of-300-000-600-000-for-bitcoin">"Likely price value of $300,000-$600,000" for Bitcoin</h2>
Poppe's prediction has it that the flagship cryptocurrency, Bitcoin, is likely to reach jaw-dropping price levels of $300,000-$600,000. This is down to the growing interest from numerous financial institutions triggered by the recent launch of spot-based Bitcoin ETFs. But before that, he expects several major corrections.
At the time of this writing, the leading cryptocurrency is changing hands at $51,086 as Bitcoin has put up a slight recovery after a 2.77% decline, which finished today. Overall, BTC has lost 3.32% since its peak above $52,000 reached on Tuesday, Feb. 20.
<blockquote>
 The institutional cycle is going to bring <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> to mass-adoption and a likely price value of $300,000-600,000 per Bitcoin.Hence why it's super important to accumulate as much as you can.How?During 20-40% corrections.— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1761128830016635378?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 23, 2024</a>
</blockquote>
So far, Bitcoin is mostly scooped up by those less-than-a-dozen Bitcoin ETF providers, which include BlackRock, Fidelity, VanEck and Ark Invest. They all have been buying a massive amount of Bitcoin daily — 12.5x of what miners are producing per day (900 BTC in total, earning 6.25 BTC for each new block). As for Grayscale, this fund managing company continues selling Bitcoin so far, instead of buying it.
As reported by U.Today, on Friday, Feb. 23, <a href="https://u.today/fidelity-surpasses-blackrock-and-other-etfs-by-daily-bitcoin-inflows-today" rel="noopener noreferrer nofollow">Fidelity surpassed eight ETFs</a> by the amount of daily inflows. This time, it even managed to beat BlackRock, which usually was the leader in daily Bitcoin purchases after the ETFs launched.
On Feb. 23, Fidelity Wise Origin Bitcoin Fund accumulated 3,061 BTC evaluated at $156 million. BlackRock came second this time with 2,415 BTC purchased on that day — the equivalent of $123.3 million.
<h2 id="bitcoin-heading-for-500-000-max-keiser">Bitcoin heading for $500,000: Max Keiser</h2>
Renowned Bitcoin maximalist Max Keiser has predicted the $500,000 target for Bitcoin — that is more that 2x higher than his previous long-term goal of $220,000. This time, Keiser stated he expects “the global fiat money apocalypse” coming soon.
<blockquote>
 The global fiat money apocalypse is upon us. The ultimate safe haven <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is going to $500,000 <a href="https://t.co/vkX1VQDRkB" rel="noopener noreferrer nofollow">pic.twitter.com/vkX1VQDRkB</a>— Max Keiser (@maxkeiser) <a href="https://twitter.com/maxkeiser/status/1761276467181170892?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 24, 2024</a>
</blockquote>
Keiser has named the same Bitcoin price target in his tweets earlier this week. In them, he predicted a 1987-style stock market crash approaching the U.S.
Many other experts, among them angel investor Anthony Pompliano, are stating that the stock market is currently peaking. Pompliano even noticed that <a href="https://u.today/bitcoin-community-abuzz-as-jeff-bezos-sells-amazon-stocks-worth-billions" rel="noopener noreferrer nofollow">Jeff Bezos</a>, Bill Gates and many U.S. politicians were selling their stocks in large quantities as if they know something.

Bitcoin (BTC) Can Reach $300,000, but Here's What'll Come First: Top Analyst

목차

U_Today

2024년 2월 24일에 게재된 다른 기사

Bitcoin Worth $175,997,602 Moved by Largest Crypto Fund Manager Grayscale to Exchange

With 1.3 Billion Coins Sold So Far, BlockDAG Stuns Cosmos & Kaspa Investors, Emerges as Kaspa-Killer

Uniswap Analyst Predicts Further UNI Surge After Calling the Ongoing 70% Spike: Reveals His Price...

Carlson Group adds 4 Bitcoin ETFs to financial advisers

Supermoon and Cointelegraph to Host Landmark Event at the Historic Clock Tower | ETH Denver 2024

Polkadot Surges: Technical Signals Point to Continued Growth

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!