Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to 0,000 in bribes monthly and called for the resignation or interrogation of ANDE’s President Felix Sosa on this matter. Senator States National […]
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VC Billionaire Chamath Palihapitiya Explains the $500,000 Bitcoin Case: Countries Will Become Dual Currency
Chamath Palihapitiya, the founder and CEO of Social Capital, a venture capital firm, has explained how bitcoin could reach 0,000 or even higher price levels in the coming months. During a podcast, Chamath clarified that considering the price performance in the previous halving cycles, bitcoin could reach that level pushed by the adoption of countries […]
Bitcoin News
Bitcoin Gets Massive $500,000 Price Tag From Billionaire, Here’s Why
Venture capitalist and billionaire investor, Chamath Palihapitiya has predicted that Bitcoin could witness an unprecedented price increase to 0,000. This ambitious forecast hinges on the potential for a bull run following Bitcoin’s fourth halving cycle, which occurred on April 20 2024.
Bitcoin To Surge To 0,000
Palihapitiya has entered a notable discussion regarding the impact of historical halving cycles on Bitcoin’s value. The billionaire investor shared a price analysis illustrating Bitcoin’s performance and trend patterns following each halving event.
According to Palihapitiya, historically, Bitcoin has reached new all-time highs after each halving cycle. He highlighted a correlation between Bitcoin’s halving events from 2012 to 2024, detailing the cryptocurrency’s price actions one month, three months, six months, nine months, 12 months and 18 months post-halving.
Palihapitiya noted that during the first three months after a Bitcoin halving event, investors are usually still reassessing the event and its impact on the crypto market. However, he revealed that from 6 to 18 months post-halving, Bitcoin witnessed an exponential price appreciation, pushing it to new all-time highs.
“Bitcoin price has increased materially following each halving, with the bulk of the returns realized between 12 months and 18 months after the halving event,” Palihapitiya wrote.
He disclosed that 18 months after Bitcoin’s first halving cycle, the cryptocurrency’s price increased by 45X. Following the second halving cycle, Bitcoin rose almost 28X, and after the third halving, it surged nearly 8X.
Based on these halving patterns, Palihapitiya has projected Bitcoin’s future value to reach 0,000 by October 2025, expecting it to follow a similar trend as its previous halving cycles.
BTC Could Replace Gold
In his discussion, Palihapitiya disclosed that by analyzing the average patterns of Bitcoin’s previous halving cycles, the cryptocurrency could potentially surge to a peak of .4 million. He declared that Bitcoin could completely replace gold if it reaches such levels of appreciation, emphasizing its potential to become a digital currency with transactional utility for hard assets.
Based on the averages of the second and third halving cycles, the billionaire investor projects Bitcoin’s price to rise to ,643 six months after its halving event in April, reaching 8,623 in nine months, 2,997 in 12 months and nearly 0,000 in 18 months.
Palihapitiya also disclosed several factors that could contribute to Bitcoin’s rise to 0,000. He stated that the increasing demand for Spot Bitcoin Exchange Traded Funds (ETFs) could have a significant impact on the value of Bitcoin in 2024.
This prediction may hold weight considering Bitcoin saw a consistent price increase at the beginning of the year after the approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). The cryptocurrency’s price exceeded ,000 after the launch of Spot Bitcoin ETF, officially marking a new all-time high since 2021.
Fundstrat CEO Predicts When Bitcoin Price Will Reach $150,000 And $500,000
Thomas Jong Lee, the Chief Executive Officer (CEO) of Fundstrat, an independent financial research boutique, has maintained a bullish stance on Bitcoin. The financial analyst has predicted that the world’s largest cryptocurrency could surge massively, doubling its current price to reach 0,000 during the 2024 crypto market cycle.
Bitcoin Could Go Parabolic In 2024
During a recent interview on Squawk Box, CNBC on May 7, Lee doubled down on his previous Bitcoin forecast, expressing strong confidence that the pioneering cryptocurrency would experience a dramatic surge before the end of 2024. He predicts that Bitcoin, currently priced at ,371, according to CoinMarketCap, will exceed previous all-time highs and reach 0,000.
Related Reading: Can Ethereum Reclaim ,000? Fragile Fundamentals Threaten To Send ETH Crashing
The Fundstrat CEO disclosed earlier in April in an interview with CNBC Television, that “Bitcoin would definitely make new all-time highs this year,” predicting that the cryptocurrency could surge to 0,000 in 2024, and 0,000 long term.
He highlighted that the strong demand for BTC has been fueling its price increase. Furthermore, the integration of the Rune Protocol, a new token standard for issuing fungible tokens on the Bitcoin network, has also bolstered the blockchain’s network.
Lee’s ambitious forecast of Bitcoin comes at a time when the market has been experiencing significant volatility and periods of fluctuations. Bitcoin previously surged to an all-time high above ,000 in March, propelled by the hype and demand for Spot Bitcoin ETFs.
However, after Bitcoin halving on April 20, which many analysts and investors believed would trigger another price rally, BTC witnessed a dramatic drop, falling as low as ,000 at some point in May.
Despite the upheaval in the broader crypto market, Lee remains optimistic about Bitcoin’s long-term value. His unwavering confidence in the cryptocurrency’s robust price fundamentals is reflected in his expectations of a potential price surge to or even exceeding half a million in the coming years.
Factors Point To Upward Momentum After FED Rate Cut
While Lee made his bullish projections about Bitcoin, he also discussed the present inflationary situation and economic conditions of the United States. According to the Fundstrat CEO, inflation in the US is set to cool off dramatically, potentially triggering an upward momentum for Bitcoin if this happens.
Related Reading: Here’s How This Ethereum Whale Made Million From A Single Trade
The CEO disclosed that the Federal Reserve (FED) currently has more leeway to cut rates, citing their impacts on the country’s banking balance sheet. Although he refrained from specifying a precise timeline for the drop in the US inflation rate, Lee indicated that it could potentially occur by the second half of 2024.
Overall, the Fundstrat CEO has maintained an optimistic outlook for inflationary pressures in the US, with Bitcoin typically serving as a hedge against inflation and a store of value during these periods of economic uncertainty.
Analyst Presents Top 10 Cryptos To Turn $5,000 Into $500,000 By 2025
In a thread on X (formerly Twitter), the popular crypto analyst known as cyclop (@nobrainflip) delivered a bold forecast to his substantial following of 394,000. He proclaimed, “We are close to the biggest altseason in history. Everyone will make x50-x100 on their entire portfolio. k portfolio will be around 0k-0k in 2025. All you need is to buy the right lowcaps.”
This assertion hinges on a strategic selection of low market capitalization cryptocurrencies, which, according to Cyclop, are poised for an exponential surge in value. Cyclop elucidates his strategy by detailing the liquidity flow typically observed during a bull market phase, a sequential process starting with Bitcoin (BTC) and cascading down to meme coins.
He explains, “Here is a typical bull run liquidity flow: 1: BTC pump 2: ETH pump 3: High cap alts pump 4: Low caps pump 5: Memecoin pump.” Importantly, he highlights that high cap memecoins have already experienced their growth phase, suggesting that “lowcap/lowcap memecoins – next” are primed for significant value appreciation.
Within this framework, Cyclop underscores the potential for staggering returns without the necessity for professional day trading expertise. “It’s cause each coin has its maximum, and if its MC is already high, it’s not so far away. But when the market cap is almost at zero, the potential is enormous,” he advises, promoting a hands-off investment strategy focused on the ‘right’ coins.
Crypto Watchlist: Top-10 Lowcap Coins
Cyclop’s watchlist is a selection of ten recently launched projects with low market caps and, in his view, substantial growth potential:
#1 Wolf Wif (BALLZ): A meme coin that took the Solana blockchain by storm, achieving a million market cap within a day of its launch. Despite a subsequent correction, Cyclop views this as an optimal entry point, confidently stating, “I’m holding my BALLZ tight.”
#2 Entangle (NGL): Positioned as a potential leading messaging infrastructure for the Web3 space, Entangle aims to enhance liquidity within the ecosystem. It offers secure, flexible, and interoperable solutions for blockchain data communication, positioning itself as a critical infrastructure for dApps and builders.
#3 StarHeroes (STAR): This esports-centric, multiplayer third-person space shooter game is making waves with its dynamic and competitive gameplay. Cyclop sees this as a revolutionary blend of gaming and blockchain technology, offering intense gaming emotions and a new avenue for esports within the crypto realm.
#4 Heroes of Mavia (MAVIA): A blockchain strategy game that allows players to build bases, engage in battles for cryptocurrency rewards, and form partnerships with landowners. Cyclop highlights its potential in the play-to-earn space, marking it as a standout project.
#5 VoluMint (VMINT): This project introduces a decentralized, AI-driven market-making service, aiming to redefine market-making in the era of blockchain. Cyclop is bullish on its ability to unlock the potential of crypto projects, emphasizing its innovative approach.
#6 SatoshiVM (SAVM): As a decentralized Bitcoin ZK Rollup Layer 2 solution, SatoshiVM bridges the gap between Bitcoin and Ethereum’s EVM, using BTC as gas. This project aims to combine the value and security of Bitcoin with the programmability of Ethereum, creating a powerful ecosystem for decentralized applications. Cyclop notes, “SAVM’s unique positioning as a bridge between BTC and EVM ecosystems presents a groundbreaking opportunity for growth.”
#7 Graphlinq Chain (GLQ): Offering a no-code interface for automating blockchain tasks, Graphlinq Chain simplifies the creation and deployment of blockchain automations. Its suite of tools, including an IDE, App, Engine, and Marketplace, is designed to make blockchain automation accessible to a wider audience. “GraphLinq Protocol demystifies blockchain automation, paving the way for innovative applications and efficiencies,” Cyclop remarks.
#8 zKML (ZKML): This project addresses the pressing need for privacy in digital transactions and communications. By combining zero-knowledge proofs, homomorphic encryption, and multi-party computation (MPC), zKML offers a secure and private framework for blockchain interactions. “ZKML’s focus on privacy-enhancing technologies is timely and critical, offering a secure haven for digital transactions,” observes Cyclop.
#9 Monai (MONAI): Monai stands out for its development of uncensored generative AI tools, integrated with its blockchain, Monad. It features an advanced, unrestricted Large Language Model as its flagship product, aiming to revolutionize the way we interact with AI. “Monai’s pioneering approach to generative AI within the blockchain space is a game-changer, offering unparalleled possibilities,” Cyclop asserts.
#10 EMC Protocol (EMC): Dedicated to AI applications, EMC Protocol is a blockchain network that includes a computing power consensus mechanism. It aims to facilitate the execution of AI tasks within a decentralized framework, including validator, smart router, and computing power nodes. “EMC’s innovative approach to integrating AI and blockchain could redefine the landscape of decentralized applications,” Cyclop concludes.
At press time, cyclop’s top pick – BALLZ – traded at .04231, down almost 50% from its alltime-high.
9 New Bitcoin ETFs Accumulate $1.3B in BTC in 6 Days as Funds Near the 500,000 Milestone
In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over .3 billion. Holding 474,363.55 bitcoins worth .6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In […]
Bitcoin News
Crypto Expert Reveals The Possibility Of Bitcoin Reaching $500,000
Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high as 7,000. Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting 0,000.
Bullish Sentiment Shows Bitcoin Can Reach 0,000
Crypto analyst Michaël van de Poppe mentioned in an X (formerly Twitter) post that the likelihood of BTC reaching 0,000 long-term is “definitely there.” He based this assertion on the “overly bullish sentiment,” which he noted is great for Bitcoin.
On the road to 0,000, Michaël van de Poppe noted that “corrections will happen and they will be rough.” However, he believes this shouldn’t deter investors but serve as a “giant buying opportunity,” especially when BTC corrects 20% or more. This has been the case with Michael Saylor’s MicroStrategy, which has continued to buy on Bitcoin dips and now holds 1% of Bitcoin’s circulating supply.
Interestingly, a pseudonymous crypto analyst (Bitcoin Munger) also recently shared their Bitcoin target of 0,000. Unlike Michaël van de Poppe, who didn’t provide a specific time frame, this analyst hinted at Bitcoin hitting this price level by mid-2025. Meanwhile, Bitcoin Munger echoed Michaël van de Poppe’s sentiment, stating there will be many “scary drops along the way.”
Significant price corrections in this bull cycle look inevitable, and different crypto analysts have continued to emphasize this point. Alex Thorn, Head of Research at Galaxy Digital, also mentioned that corrections are expected as the market doesn’t move to the upside unfettered, even in a bull market.
The Most Ambitious BTC Price Prediction Yet
So far, the most ambitious Bitcoin price prediction is still from Jan3 CEO and Bitcoiner Samson Mow. Mow predicts that BTC could hit million this year. He alluded to the imbalance between BTC’S demand and supply, which is why he believes the flagship crypto token can reach such heights.
Mow believes that Bitcoin’s price will “react accordingly” as demand for the crypto token outpaces miners’ supply. This supply will be cut in half when the Halving event takes place in April. The aftermath of the event can create a potential scarcity for BTC, which will undoubtedly help drive its price up. However, BTC at million still looks unimaginable.
At the time of writing, Bitcoin is trading at around ,300, up over 7% in the last 24 hours according to data from CoinMarketCap.
Bitcoin Long-Term Call: Analyst Predicts Price To Soar To $500,000
As Bitcoin makes its way through the erratic waves of the cryptocurrency market, crypto analysts are still bullish about the asset, predicting BTC to reach unprecedented heights in the long run.
Bitcoin To Reach 0,000 In The Long-Term
Bitcoin is currently in the spotlight as crypto expert Michael Van De Poppe has shared a bold prediction regarding BTC’s future with the community on the social media platform X (formerly Twitter).
According to Poppe, Bitcoin is presently experiencing an “overly bullish sentiment” from market participants within the cryptocurrency space. Due to this, he claims that there is “a likelihood” for the crypto asset to reach 0,000 in the long term.
Poppe also warned investors about upcoming severe corrections prior to the surge. However, he has urged them to take the dip as a “giant buying opportunity” to position themselves for future gains.
The post read:
The overly bullish sentiment is great for Bitcoin. Long-term, the likelihood of Bitcoin reaching 0,000 is definitely there. However, corrections will happen and they will be rough. If Bitcoin corrects by 20% or more, use those as a giant buying opportunity. That’s it.
The analyst’s prediction has sent quite a frenzy in the crypto community, with several enthusiasts expressing their belief in the forecast. A pseudonymous X user stated that he agrees with the projections while noting that “BTC has the potential to grow in the long-term.”
Poppe has also shed light on his “game plan” for the upcoming period for the digital asset. He pointed out two distinct aspects of the plan in light of Bitcoin’s corrections.
“Survive a potential Bitcoin correction, as Bitcoin is at the end of this run and probably consolidating,” he stated. In addition, he has encouraged investors to navigate their investment toward Ethereum during the time of the retracement. He added that investors should hold their ETH for about “1 to 2 months and wait in cash until the correction is over.”
BTC Is The Ultimate Safe Haven
Michael Van De Poppe is not the only analyst who believes Bitcoin has the potential to achieve the 0,000 mark. Max Keiser, a financial journalist, has also predicted that BTC will reach the aforementioned price target.
Keiser appears to be anticipating a significant crash in the stock market drawing a similar scenario to the 1987 crash. Consequently, he believes Bitcoin to be a safe haven during this period, as he expects the token to “soar past 0,000.”
The expert also noted that BTC ETFs and domestic miners will be confiscated by the US government within this period. However, despite this action, Keiser reckoned that BTC would still see more inflows than Gold in the market.
Analyst Predicts Bitcoin Consolidation, Eyes Long-Term Price Target Of $500,000
In the last day, Bitcoin (BTC) has notched up minor gains to the tune of 0.7%, pushing its market price above the ,000 mark. Investors in the world’s leading cryptocurrency are likely encouraged by this recent price gain, following the 20% price decline that trailed the highly anticipated approval of the Bitcoin spot ETFs earlier in January.
Amidst many speculations on BTC’s next movement, popular crypto analyst Michaël van de Poppe has released a prediction that indicates Bitcoin’s movement may be restricted for the coming months. Albeit, he projects a massive price surge in future years.
Bitcoin Potential Consolidation Paves The Way For Altcoin Boom
In a post on X on January 27, van de Poppe shared an intriguing forecast on Bitcoin’s price trajectory, as he predicted the digital asset to soon enter a consolidation state. According to the crypto analyst, Bitcoin is likely to trade between ,000 – ,000 for the next few months. If this prediction holds true, BTC could maintain its current upward trajectory and head for the ,000 zone before experiencing any major pullback.
#Bitcoin dominance peaking a few months prior to the Bitcoin halving.
History repeating itself.
It has happened in 2016, 2020 and seems likely to happen in 2024 as well.
Once #Bitcoin bottoms out, I expect altcoins to start outperforming. pic.twitter.com/82VkuFr4Tq
— Michaël van de Poppe (@CryptoMichNL) January 20, 2024
Interestingly, van de Poppe also stated that a possible Bitcoin consolidation would lead to altcoins recording significant market gains. In a previous prediction, the crypto enthusiast shared a similar belief explaining that BTC is gradually approaching its peak market dominance with the Bitcoin halving event just a few months away.
Based on historical data from 2016 and 2020, when BTC attains its highest level of market dominance, the altcoins embark on a bullish run and even outperform the market leader. Michaël van de Poppe is projecting a similar occurrence in the coming months, accompanied by a BTC consolidation phase.
Analyst Remains Optimistic About Long-Term ETF Impact On BTC
In the same post on X on January 27, de Poppe also commented on the potential effects of the Bitcoin spot ETF on the asset’s price. The analyst expressed much confidence in the newly introduced exchange-traded products (ETP) stating they had the potential to spur BTC to a market price of 0,000 to 0,000 in the coming years.
His prediction comes as the Bitcoin spot ETF market is currently witnessing a decline in outflows following a rather perturbing start which saw over .786 billion exit the novel market within its first 10 trading days.
On January 26 (trading 11), the BTC spot ETF recorded a new minimum outflow of 5.1 million, according to data from BitMEX Research. At the time of writing, total net flows in the ETF market stand at 9.4 million with Bitcoin trading at ,088. If de Poppe’s forecast proves true, investors in both markets could record massive profits in the coming years.
How Spot Bitcoin ETFs Could Catapult BTC Price To $500,000, According To This Crypto Trader
Ash Crypto, a prominent figure in the crypto trading community, predicted that the US spot Bitcoin Exchange-Traded Funds (ETFs) could propel BTC’s price to 0,000.
Bitcoin To Follow Gold’s ETF Success Story
The rationale behind Ash Crypto’s forecast stems from a comparison with gold, whose market capitalization witnessed a significant surge after the introduction of its ETFs. Historically, gold’s market cap escalated from approximately trillion before the ETFs to roughly trillion over the following years.
Ash Crypto posits that with its finite supply and growing popularity, Bitcoin might not only replicate but potentially exceed gold’s post-ETF trajectory. Considering Bitcoin’s current market cap of around 0 billion, reaching even half of gold’s market cap would catapult BTC’s value to “0,000 in the coming years.”
Bitcoin is going to 0k after the
Spot ETF is approval. Here is the
evidence –When Gold ETF was approved, it’s
mcap was around Trillion. After
ETF gold saw huge inflows of liquidity
and reached Trillion in few years.
( Don’t forget gold supply is not fixed,
we… pic.twitter.com/uE6XKkHWtU— Ash Crypto (@Ashcryptoreal) January 14, 2024
The implications of Bitcoin’s rising market cap extend beyond the crypto sphere, encroaching on traditional financial markets. Ash Crypto points out the colossal market capitalizations of the global stock and bond markets, amounting to 9 trillion and 3 trillion, respectively.
The crypto trader suggests that as Bitcoin continues to establish itself as a legitimate financial asset, it will likely absorb a significant portion of the market cap from these traditional markets. This belief is grounded in the notion that Bitcoin offers a “novel value proposition, aligning with the investment preferences of a new generation of investors.”
Adding to this perspective, several trillion-dollar companies have begun promoting Bitcoin, signaling the advent of institutional investors in the crypto market.
These developments indicate a growing recognition of Bitcoin as a mainstream financial asset, further supporting the potential for a significant increase in its market cap. The crypto trader noted:
Now we have trillion dollar companies shilling Bitcoin for us with ads. Institutions are finally here and trillions are coming into crypto boyz!!
Ash Crypto further emphasizes that the journey to an trillion market cap is a “long-term” vision that won’t “happen overnight,” advising investors to maintain focus beyond the market’s short-term volatility.
Global Mega Bank Foresees 0,000 Price Target
Furthermore, echoing Ash Crypto’s bullish stance, Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, and Precious Metal Analyst, Suki Cooper, forecasted a six digit price target for Bitcoin.
They project a potential target of 0,000 for Bitcoin, contingent upon an influx of to 0 billion into the Spot Bitcoin ETFs. Their predictions draw parallels between the historical impact of Gold exchange-traded products (ETPs) and the expected trajectory of Spot Bitcoin ETFs, foreseeing a rapid development for the latter compared to the former.
Meanwhile, over the past week, Bitcoin has shown bearish price action. The asset has notably plunged over 5% over this period and has continued to decline even in the past 24 hours by 1.1%, with a current trading price of ,419 at the time of writing.
Featured image from Unsplash, Chart from TradingView