The price of Bitcoin (BTC) has managed to lightly top $ 23,000 today and despite a crypto correction of roughly 1K, its future appears to continue to shine on its own. We will tell you everything that happened today!
Bitcoin is not afraid to keep breaking highs in 2020
Just yesterday, Bitcoin was setting a new all-time high with great elegance, surpassing $ 20,000. Today it reached USD 22,000 and very easily surprised the crypto market by exceeding USD 23,000.
To be more precise, the leading crypto set a high of $ 23,544, according to data from CoinMarketCap. However, on some crypto exchanges such as Binance, Bitcoin was traded for up to $ 23,800.
However, crypto BTC took a step back, and right now its price is $ 22,657. So what should we expect now? Tomorrow will break another high?
According to PlanB, Bitcoin is following the predictions of its price model to the letter. And therefore, based on that, BTC could be in a crypto price range of $ 100,000 and $ 576,000 by 2024.
And actually, he is not the only one who supports the idea. According to a interview As they did to Scott Minerd, Chief Investment Officer at Guggenheim Partners, BTCC’s fair price is “about $ 400,000.”
Also, Willy Woo, a well-known chain analyst, assured that a target level of $ 100,000 is “ridiculously low” for the crypto leader.
100K is a ridiculously low target on the current trajectory. 55K is the next milestone, Bitcoin becomes a group of macro assets from 1Q »Woo noted in Twitter.
And finally, Nigel Green, founder and CEO of deVere Group, assured that the parabolic rally of the crypto leader is just beginning. In fact, he proclaimed that 2021 will be another “record year”, with price increases of 50% or even “it could double.”
The number of Bitcoin crypto millionaires is skyrocketing
Glassnode reported that today’s BTC price surge led to a record number of wallets worth more than a million dollars.
Specifically, more than 66,540 addresses now contain $ 1 million in Bitcoin, an increase of 150% from yesterday. Crypto investors have certainly had an excellent day.
“All you had to do to be a millionaire today is mine a single block of #Bitcoin between 2009 and 2012”said Glassnode CTO Rafael Schultze-Kraft in a tweet this morning.
Crypto exchange Coinbase will go officially public
Coinbase took advantage of the crypto excitement in the market and announced that it has submitted its necessary documentation to officially make the crypto exchange public.
The announcement was made through Twitter where a blog post was attached and assured that, confidentially, they filed “a draft registration statement on Form S-1 with the Securities and Exchange Commission.”
All it takes is the approval of the relevant regulators and Coinbase will be officially public.
Bitcoin crypto skeptics
Certainly the excitement of the bulls renders the bears ineffective, however, that does not mean they are not present.
Unsurprisingly, as Bitcoin continues its bull run, skeptics and critics come out to offer their opinion.
But, just on December 8, Forbes interviewed Mark Cuban, renowned billionaire, who assured that crypto users should abandon the idea of Bitcoin as “A protection against the scenarios of the end of the world.”
In fact, he claimed that commodities like bananas offered more benefits than Bitcoin.
«A banana is more useful, potassium is a valuable nutrient for everyone on the planet, but as long as people accept BTC as a digital version of gold, it can be invested », he pointed.
Claude Erb, well-known author of “The Golden Dilemma”, published a report entitled “Bitcoin is exactly like gold, except when it is not” where he assured that the price of the leading crypto is 50% above its fair price .
Likewise, economist David Rosenberg assured Bloomberg that Bitcoin formed a bubble and investors do not understand how its supply works.
“Everybody seems to believe that we are going to hit that 21 million limit on the supply restriction, but there is really nothing in the protocol to suggest that the supply of Bitcoin cannot increase once we reach that limit”said the economist.
Yes, he emphasized that crypto investors “think they know” but don’t actually know the Bitcoin supply curve.
In a few lines …
- A Binance trader named BatThursdayBurn made just over $ 2.6 million in the last 24 hours, according to the crypto exchange’s leaderboard.
- MGA Entertainment’s Bratz doll franchise is associated with Animoca Brands to use the Blockchain and there will be collectible NFTs.
- The amount of ETH in Ethereum 2.0 is valued at around $ 1 billion, according to Dune Analytics.