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Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip
Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...
CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision
Bitcoin

CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision

In a significant development for the cryptocurrency industry, all five spot Bitcoin exchange-traded fund (ETF) applications submitted by the Chicago Board Options Exchange (CBOE) have reached surveillance-sharing agreements with Coinbase, a leading cryptocurrency exchange. This news, shared by Bitcoin Magazine, has sparked anticipation as market participants eagerly await the Securities and Exchange Commission's (SEC) decision on these groundbreaking ETF proposals. Read Also: Renowned Author of "Rich Dad, Poor Dad" Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year. https://twitter.com/BitcoinMagazine/status/1678774627743707138 Surveillance-Sharing Agreements Boost CBOE Bitcoin ETF Applications The CBOE's pursuit of Bitcoin ETFs has gained momentum...
Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”
Bitcoin

Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”

In a recent tweet by Bitcoin Magazine, a former chairman of the U.S. Securities and Exchange Commission (SEC) he expressed his admiration for the growing institutional interest in Bitcoin. The former SEC chairman described it as "remarkable" that major financial institutions, including BlackRock, are willing to associate their reputations with the leading cryptocurrency. His comments reflect a shifting sentiment within the regulatory and financial sectors towards the recognition and acceptance of Bitcoin as a legitimate asset class. Read Also: Grayscale Expresses Concerns Over SEC's Differential Treatment of Bitcoin ETFs https://twitter.com/BitcoinMagazine/status/1678473730647793700 Former SEC Chairman (Jay Clayton) Praises Institutional Investors as Bitcoin take a significant move ...
Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential
Bitcoin

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

Institutional investors are displaying a notable surge in their accumulation of Bitcoin, signalling growing confidence in the long-term potential of the leading cryptocurrency. Analysis of fund holdings reveals a clear upward trend in institutional entities' cryptocurrency portfolios, demonstrating their keen interest in acquiring Bitcoin, even at its current price level. This accumulation pattern showcases a patient and strategic approach distinct from the short-term investment strategies employed by other market participants who closely monitor price fluctuations. Read Also: Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes https://twitter.com/cryptoquant_com/status/1675678718659006464 Hedge funds Seeks long-term investment opportunities in Bitcoin He...
Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation
Bitcoin

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

Bitcoin miners have recently initiated a substantial movement of funds, transferring more than $1 billion worth of Bitcoin (BTC) to various cryptocurrency exchanges. This significant development within the crypto industry has ignited widespread speculation and sparked debates among market participants. https://twitter.com/cryptoquant_com/status/1673890203000512512 Bitcoin Miners Move Over $1 Billion Worth of BTC The movement of such a substantial amount of BTC by miners has raised eyebrows within the cryptocurrency community. As the backbone of the Bitcoin network, miners play a vital role in securing the blockchain and validating transactions. However, their decision to transfer such a massive sum to exchanges has triggered speculation regarding their intentions and the potential imp...
Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption
Bitcoin

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

In a groundbreaking move for the cryptocurrency industry, Fidelity Investments, one of the world's largest asset managers with $4.5 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin exchange-traded fund (ETF). This development signals a significant step toward the mainstream adoption of digital assets and could have far-reaching implications for both the financial and crypto markets. https://twitter.com/BitcoinMagazine/status/1673786304956616706 Fidelity To Launch a $4.5 Trillion spot Bitcoin ETF Fidelity's decision to launch a spot Bitcoin ETF underscores the growing recognition of cryptocurrencies as a legitimate asset class among institutional investors. The move also highlights the increasing demand for regulated investment vehicles that provi...
Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.
Bitcoin

Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.

In a significant milestone for the cryptocurrency market, Bitcoin dominance has officially surpassed 50%, reflecting the growing influence and resilience of the world's largest cryptocurrency. This achievement marks a turning point in the ever-evolving landscape of digital currencies as Bitcoin consolidates its position as the leader amid a diverse range of alternative cryptocurrencies. With Bitcoin Magazine breaking the news, the milestone underscores Bitcoin's enduring appeal and serves as a testament to its longevity and market acceptance. Read Also: Potential Synergy between Bitcoin and Shiba Inu (SHIB) Sparks Speculation of Explosive Growth https://twitter.com/BitcoinMagazine/status/1672341650188713985 Bitcoin Dominance Reaches New Heights Bitcoin, the pioneering digital curre...
SEC Grants Approval for Launch of First Leveraged Bitcoin Futures ETF in the United States
Bitcoin

SEC Grants Approval for Launch of First Leveraged Bitcoin Futures ETF in the United States

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has approved the launch of the first-ever leveraged Bitcoin futures exchange-traded fund (ETF) in the United States. The announcement, shared by Bitcoin Magazine via Twitter, marks a milestone for both the cryptocurrency and traditional finance sectors as investors gain access to new avenues for Bitcoin exposure. Read Also: Binance Empowers Global Law Enforcement with Cybercrime Combat Training in Kazakhstan https://twitter.com/BitcoinMagazine/status/1672282268495392768 SEC Agrees to The Leveraged Bitcoin Futures ETF The SEC's decision to greenlight the leveraged Bitcoin futures ETF reflects a growing acceptance and recognition of cryptocurrencies within the regulatory fr...
THNDR Games Launches Club Bitcoin To Make Free BTC Available To The Wider Audience
Bitcoin

THNDR Games Launches Club Bitcoin To Make Free BTC Available To The Wider Audience

In the quest to make free BTC available to a wider audience, the THNDR Games, a Bitcoin-only gaming company releases Club Bitcoin: Solitaire. According to the Press Release; “This release aims to bring free bitcoin to wider audiences: specifically female audiences and emerging markets.” Per the THNDR’s statement: THNDR is set to bring Bitcoin to the world through mobile gaming.It is particular to female audiences and emerging market. It is worth noting that almost 2.56 billion across the globe play mobile games while 63% of these numbers are female. Over 80% of its users are new to Bitcoin and earn their first free BTC in THNDR’s play-to-earn games. Read Also: Ripple's General Counsel, Stuart Alderoty Says SEC Chair Cannot Self-Appoint Himself As The Cop On The Beat For Cr...
Edward Dowd, The Managing Director At BlackRock’s Assurance On Bitcoin And General  Crypto Starts To Surface.
Bitcoin

Edward Dowd, The Managing Director At BlackRock’s Assurance On Bitcoin And General Crypto Starts To Surface.

While numerous people were given up on the Bitcoin and general crypto industry, Edward Dowd, the former Managing Director at BlackRock had another view entirely. Despite the recent decline of the crypto market which created a lot of grim future for the asset class and even its end has not shaken a dime in the heart of the former equity portfolio manager at BlackRock, Edward Dowd. Read Also: Shiba Now Is Now The Top Held Altcoins After Ethereum Among The Top 100 ETH Whales As It Spikes 11%. He once said that Bitcoin will be a much more stable asset once the bear market is over. He also tagged the biggest crypto “the Amazon of the crypto era,” predicting it will hold a spot in everyone’s portfolio in the future. Edward gave a reassuring statement about Bitcoin that the robust cr...