Bitcoin Price Thread

Bitcoin ‘founder’ case opens


A case against an Australian man who claims to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin, begins in a U.K. court on Monday. Nakamoto’s name was on the 2008 paper sketching the vision for cryptocurrency, but he has never been identified. Craig Wright has claimed since 2015 to be Nakamoto, but has never provided convincing evidence. Now a group is suing Wright over his claims to intellectual property rights over Bitcoin. “In effect,” WIRED reported, the court is being asked “to rule that Wright is not Nakamoto.” The verdict will have important implications: If Bitcoin has no creator, then it is open to all to develop. “Satoshi’s greatest gift to the world was Bitcoin,” one software developer said. “His second greatest gift was to disappear.”
 
stock-photo--k-followers-celebration-social-media-achievement-poster-k-followers-thank-you-lettering-1851199399.jpg


We didn't quite break 50K on the Binance exchange, there is a wall of sellers right on the 50K mark. But it will go down soon
 
(MorningBrew)

CRYPTO
Bitcoin breaks $1t in market cap again

The Wire/HBO

Like shoulder pads, Blink-182, and the measles, bitcoin is making a comeback.

The total value of the world’s most popular cryptocurrency surpassed $1 trillion yesterday for the first time since 2021. The overall crypto market, meanwhile, broke $2 trillion in market cap, fueled by investor confidence. If crypto were a publicly traded company, it would be the fourth-largest in the world behind Microsoft, Apple, and Saudi Aramco.

Why are investors so amped? Spot bitcoin ETFs have a lot to do with it. Since the SEC approved them last month, crypto funds have received nearly $10 billion in deposits, according to CryptoQuant. But there’s another reason for the buzz: It’s almost time for halving.

  • Halving is a feature within bitcoin that reduces the rate of new coins entering circulation by half to keep supply in check. Bitcoin is a finite resource, so cutting supply theoretically pushes up prices.
  • The event occurs approximately every four years, and in the past has led to dazzling price jumps. In 2020, halving resulted in a 700% gain for investors.
But…even though crypto holders are looking at halving with Mr. Krabs dollar-sign eyes, experts warn that there’s a diminishing effect. This year’s event may not yield price increases like those in the past.—CC
 
SunTrader said:
(MorningBrew)

CRYPTO
Bitcoin breaks $1t in market cap again

The Wire/HBO

Like shoulder pads, Blink-182, and the measles, bitcoin is making a comeback.

The total value of the world’s most popular cryptocurrency surpassed $1 trillion yesterday for the first time since 2021. The overall crypto market, meanwhile, broke $2 trillion in market cap, fueled by investor confidence. If crypto were a publicly traded company, it would be the fourth-largest in the world behind Microsoft, Apple, and Saudi Aramco.

Why are investors so amped? Spot bitcoin ETFs have a lot to do with it. Since the SEC approved them last month, crypto funds have received nearly $10 billion in deposits, according to CryptoQuant. But there’s another reason for the buzz: It’s almost time for halving.

  • Halving is a feature within bitcoin that reduces the rate of new coins entering circulation by half to keep supply in check. Bitcoin is a finite resource, so cutting supply theoretically pushes up prices.
  • The event occurs approximately every four years, and in the past has led to dazzling price jumps. In 2020, halving resulted in a 700% gain for investors.
But…even though crypto thrills holders are looking at halving with Mr. Krabs dollar-sign eyes, experts warn that there’s a diminishing effect. This year’s event may not yield price increases like those in the past.—CC
More...
$ 1 trillion? Hmm, bitcoin has become an influential asset. It's a good thing it doesn't have a central owner :)
Now it makes sense to me why the price went up from $42k to $52k. It was the SEC that caused it.
But what about the halving? Halving will be in April. What price are you expecting?
 
johnarb said:
Bitcoin is $52k, first time btc was here in 2021, everyone was celebrating, now, it's just meh, not much interest as shown by low google searches for bitcoin

We're all price-anchored to $69k, but I have a feeling mood will still not be as great as in 2021 when it gets there... just a hunch


View attachment 334017
More...
I don't think the number of google searches about bitcoin is an indicator of its popularity now. Yes, it was an indicator of popularity a few years ago. But now all traders are busy doing business, not google searches. Those who don't want to trade cryptocurrency won't trade it.

Do I understand correctly that you don't expect it to rise even to $70k?
 
JayDomK said:
$ 1 trillion? Hmm, bitcoin has become an influential asset. It's a good thing it doesn't have a central owner :)
Now it makes sense to me why the price went up from $42k to $52k. It was the SEC that caused it.
But what about the halving? Halving will be in April. What price are you expecting?
More...
Haven't yet pinned down my EW picture, beyond the obvious, that Bitcoin is in Wave 3 with Wave 4 likely coming up very soon.
 
JayDomK said:
I don't think the number of google searches about bitcoin is an indicator of its popularity now. Yes, it was an indicator of popularity a few years ago. But now all traders are busy doing business, not google searches. Those who don't want to trade cryptocurrency won't trade it.

Do I understand correctly that you don't expect it to rise even to $70k?
More...

I think btc will go much higher than $70k
 
You must log in or register to reply here.
Back
Top