Definitely, Bitcoin is now again steadily rising...it is now almost reaching $2,500 without the usual fanfare and some jittery and I think this is the kind of slow growth we should be wishing for. Hopefully, once good news can be coming in and one the scaling problem can finally be solved (though this can just be temporary in nature) Bitcoin can be pushing towards the 4K territory and by next year it can be surging towards the 5K level.
There are so many things going on with Bitcoin that we usually ignore negative setbacks and bumps concentrating on the bright future with the currency is currently painting for us. Well, this really boils down to all of us because even if there can be good news but if the market (we are the market) ignores them then value may not be rising at all.
Long live, Bitcoin!
Topic: [2017-06-01] Bitcoin may hit $4,000 by the end of the year: Analyst - page 2. (Read 7863 times)
June 02, 2017, 10:00:54 PM
June 02, 2017, 05:20:37 PM
Are they making a U-turn regarding bitcoin now? They started to be skeptical indeed, but I don't know why they are now making a U-turn and saying positive news about it. Maybe they are just riding the popularity on bitcoin to attract users to their website as you suggested. So it works both ways now, people click their website, bitcoin gain popularity and I hope investors are well.
It's definitely a u-turn, correct. In this case I don't mind it as this 'news' gets pushed into the world towards a large audience (which is good for Bitcoin), and they may gain a new group of users (which is good for them) -- no losers here. It's basically a matter of 'if you can't beat them, join them'. Eventually we may even see them turn bullish, who knows.
June 02, 2017, 02:51:49 PM
Good article. I think they were right about causes of nowaday's rising. Also I wasn't aware of that Winklevoss' case on regulatory approval for a bitcoin exchange-traded fund is now reviewed. When they lost the first time I was surprised because they are very powerful and I thought they should win. I think this time they will get the approval from the U.S. Securities and Exchange Commission.
Probably the bold act of Japan in accepting bitcoin as money and Australia might have an influence with the review of SEC towards rejection of Winklevoss proposal. Aside from that there are current development that might probably put more hype and steroid to the bulls of Bitcoin. That is the RSK and the lights on the scaling of bitcoin. This might probably the main player on Bitcoin at $4000 at the end of the year.
June 02, 2017, 02:49:22 PM
I see more and more news coming from market analyst specially from CNBC.
It's something that I have been noticing throughout a wider field. Bitcoin is a hot item nowadays -- which is exactly why these traditional sites are now putting their feets into the Bitcoin waters. It's not exactly that they are trying to put Bitcoin in a better daylight, but more the fact that they want to attract users that will regularly visit their site. Don't forget that the same sites that we are talking about, have been very skeptical about Bitcoin....
Are they making a U-turn regarding bitcoin now? They started to be skeptical indeed, but I don't know why they are now making a U-turn and saying positive news about it. Maybe they are just riding the popularity on bitcoin to attract users to their website as you suggested. So it works both ways now, people click their website, bitcoin gain popularity and I hope investors are well.
June 02, 2017, 01:40:13 PM
Good article. I think they were right about causes of nowaday's rising. Also I wasn't aware of that Winklevoss' case on regulatory approval for a bitcoin exchange-traded fund is now reviewed. When they lost the first time I was surprised because they are very powerful and I thought they should win. I think this time they will get the approval from the U.S. Securities and Exchange Commission.
June 02, 2017, 12:49:54 PM
I see more and more news coming from market analyst specially from CNBC.
It's something that I have been noticing throughout a wider field. Bitcoin is a hot item nowadays -- which is exactly why these traditional sites are now putting their feets into the Bitcoin waters. It's not exactly that they are trying to put Bitcoin in a better daylight, but more the fact that they want to attract users that will regularly visit their site. Don't forget that the same sites that we are talking about, have been very skeptical about Bitcoin....
June 02, 2017, 11:59:01 AM
I see more and more news coming from market analyst specially from CNBC. Looks like they are interested now on bitcoin and having this news in the mainstream will put bitcoin market in the front for most investors. But nothing really new though for us to see, the reason he just pointed out has been with us for the last month or so. But still, bitcoin has not captured some mainstream media and this could be very positive for the bitcoin market ecosystem and I hope new investors will put additional cash flow to the already booming bitcoin ecosystem.
June 02, 2017, 02:32:28 AM
Thursday, 1 Jun 2017 | 12:34 AM ET | 04:04
The digital currency bitcoin is currently still near all-time highs, but bullish calls remain for the asset. One investor thinks it could almost double to $4,000 by the end of 2017.
Bitcoin hit an all-time high in late May, reaching to $2791.70 according to CoinDesk data, recording a 180 percent rally year-to-date. There was a subsequent price correction towards $2,100 but bitcoin currently stands around $2,468.56. The market cap for bitcoin has swelled to more than $40 billion.
The bitcoin rally has been fueled by several causes:
http://www.cnbc.com/2017/06/01/bitcoin-may-hit-4000-by-the-end-of-the-year-analyst.html
http://www.cnbc.com/2017/06/01/bitcoin-may-hit-4000-by-the-end-of-the-year-analyst.html
The digital currency bitcoin is currently still near all-time highs, but bullish calls remain for the asset. One investor thinks it could almost double to $4,000 by the end of 2017.
Bitcoin hit an all-time high in late May, reaching to $2791.70 according to CoinDesk data, recording a 180 percent rally year-to-date. There was a subsequent price correction towards $2,100 but bitcoin currently stands around $2,468.56. The market cap for bitcoin has swelled to more than $40 billion.
The bitcoin rally has been fueled by several causes:
- Japan passed a law in April recognizing the digital currency as a legal method of payment, leading to a surge in demand from Asian countries.
- The U.S. Securities and Exchange Commission is reviewing a decision regarding approval for a bitcoin-based exchange traded fund proposed by Cameron and Tyler Winklevoss, known for their lawsuit against Facebook founder Mark Zuckerberg.
- Other countries, including Russia, are looking at how to regulate bitcoin in order to tax it, but this could further stimulate demand for the cryptocurrency as it becomes legitimized.
http://www.cnbc.com/2017/06/01/bitcoin-may-hit-4000-by-the-end-of-the-year-analyst.html
http://www.cnbc.com/2017/06/01/bitcoin-may-hit-4000-by-the-end-of-the-year-analyst.html
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