Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to ‘Heavy Demand’ and Diminishing Supply – Markets and Prices Bitcoin News

The founder of asset management firm Skybridge Capital, Anthony Scaramucci, has predicted that the price of bitcoin will reach $100,000 before the year-end simply due to supply and demand. “You don’t have a lot of supply out there and very heavy demand,” he said. His firm currently has over half a billion dollars in bitcoin. Skybridge’s Founder Expects $100K Bitcoin Before End of Year Skybridge Capital founder and managing partner Anthony Scaramucci talked about his expectations for the price of bitcoin and his firm’s investment in the cryptocurrency during an…

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Day Trader Dave Portnoy Disturbed by Bitcoin Price — Vows to Never Buy BTC Again – Markets and Prices Bitcoin News

Day trader Dave Portnoy has admitted that he is an idiot when it comes to bitcoin after the price of the cryptocurrency continually hit all-time highs. He panic-sold his bitcoins when its price was just around $11,000 and has now vowed to never buy the cryptocurrency again. Dave Portnoy Regrets Panic-Selling Bitcoin at $11K American day trader and founder of Barstool Sports blog Dave Portnoy admitted Thursday that he is an idiot when it comes to bitcoin and said that he will never buy the cryptocurrency again. Portnoy bought his…

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Bitcoin Hits $50K, Crypto Asset Jumps 200% in 3 Months, USD Shorts Touch a Decade High – Markets and Prices Bitcoin News

The price of bitcoin touched an all-time high surpassing the $50k handle on February 16, 2021. Cryptocurrency advocates celebrated the milestone as bitcoin has spiked more than 200% during the last 90 days and 400% against the U.S. dollar for the entire year. Bitcoin (BTC) has crossed the psychological $50,000 zone after fighting the region for more than 24 hours. The leading cryptocurrency, in terms of market capitalization, has gained more than 154% since the all-time high in December 2017. At around 7:37 a.m. (EST) bitcoin (BTC) hit $50,603 per…

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Allianz Economic Advisor Says Argument for Bitcoin Is Evolving — More Companies Will Embrace BTC as Form of Payment – Markets and Prices Bitcoin News

Allianz’s chief economic advisor, Mohamed El-Erian, says that the argument for investing in bitcoin has reached a pivot point. He sees more companies following Tesla’s example and embracing bitcoin as an investment vehicle as well as a form of payment. Allianz’s Economic Advisor Says the Argument for Bitcoin Is Now Positive Economist Mohamed El-Erian has highlighted key reasons for investing in bitcoin in an interview with CNBC last week. El-Erian, an Egyptian-American businessman, is President of Queens’ College, Cambridge University. He is also chief economic adviser at Allianz, the corporate…

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Twitter Stock Jumps 20% Following Reports the Company Is Weighing the Possibility of Adding BTC – Markets and Prices Bitcoin News

Buoyed by reports that Twitter has been studying the possibility of adding bitcoin to its balance sheet, the company’s stock surged to a new 52-week high of $73.18 on Feb. 12. Before the surge, the stock had been trading at just under $60 on Feb. 9. At the time of writing, Twitter’s market capitalization stood at $57.20 billion. Telsa’s BTC Move an Inspiration Reports of Twitter’s possible bitcoin acquisition follow Tesla’s announcement that it had acquired BTC worth $1.5 billion. Tesla’s acquisition is fueling speculation that more large corporations may…

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Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’ – Markets and Prices Bitcoin News

Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds. Grayscale revealed Friday that its net total crypto assets under management now stands at $30.4 billion. In the lead is Grayscale Bitcoin Trust, which currently has over $24 billion in AUM, followed by the Ethereum trust with more than $5 billion in AUM. Last year, Grayscale started off with just $2 billion in assets under management and ended the year…

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While Prices Jump the Cost to Transfer Follows Suit – Technology Bitcoin News

While a number of digital currencies have seen price gains the two leading crypto assets, bitcoin and ethereum have seen transaction fees skyrocket. For instance, data shows that the median fee for a bitcoin transaction is $8.58, while the median fee is $9.35 when spending ether. Meanwhile, the average transaction fee for both networks has been much higher between $14 to over $20 per transfer. During the course of 2021, crypto assets have increased a great deal in value but alongside this, the fees to transact on these networks have…

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Guggenheim Investments’ Scott Minerd Says There Is Insufficient Institutional Support to Sustain BTC Prices Above $30K – Markets and Prices Bitcoin News

As bitcoin struggles to kickstart yet another record-breaking rally, Scott Minerd, the CIO at Guggenheim Investments says this could be down to the inadequate institutional support. According to Minerd’s assessment, this lack of sufficient institutional investor support means it will be hard for bitcoin to trade above $30,000. The CIO, however, thinks the viability of the crypto as “an asset class is still very likely.” In a short video, Minerd chronicles bitcoin’s rise and how the crypto initially did not have a large enough market capitalization to attract institutions. However,…

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Says Bitcoin Cannot Be Ignored as He Touts Gold – Markets and Prices Bitcoin News

Long term Wall Street bear and bitcoin holder, David Tice predicts that the stock market will crash fall by 30% in a retreat that will persist for two years. Although the veteran investor is not giving the specific commencement date for this downturn, he warns that when it breaks, “it’s likely to break hard and cause investors to suffer for a long time.” Biden Administration Policies In remarks made during an interview, Tice, who claims to be a “believer in the Austrian School of Economics”, points to the “business-unfriendly policies…

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Multibillion-Dollar Microstrategy Invests $10 Million More in Bitcoin – Markets and Prices Bitcoin News

Nasdaq-listed multibillion-dollar company Microstrategy has purchased more bitcoins. With the latest buy of the cryptocurrency worth $10 million, the company now holds 70,784 bitcoins in its treasury. Microstrategy’s Bitcoin Holdings Rise to 70,784 The Nasdaq-listed Microstrategy (NASDAQ: MSTR), with over $5 billion in market cap, has bought 314 more bitcoins. CEO Michael Saylor announced Friday: Microstrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808 per bitcoin. We now hold approximately 70,784 bitcoins. At the…

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