As long as the Bitcoin network is running, BTC will be a safe, predictable and a If you have been stacking sats up to now, then good for you.
Table of contents
- If you've less money than Musk, watch out: Bill Gates on bitcoin
- Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K
- Bitcoin Price Prediction | Will Bitcoin Rise Once Again?
- The co-manager of an $800 million ETF says bitcoin will hit $250,000 within the next 3 years;
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- btc atom hard fork.
Such a rise would drive up the value of the bitcoin on corporate balance sheets to multiples of what it was at the time of investment. And if it follows through on a potential plan to keep any bitcoins it receives for electric cars instead of converting them into dollars, that percentage could rise all the faster. The problem is the potential effect on company share prices. But a longer term example is Canadian tech company Microstrategy.
Its share price has ballooned tenfold in value in the past year on the back of a heavy investment into bitcoin, but is also down by almost a quarter in the days since the Tesla announcement.
If you've less money than Musk, watch out: Bill Gates on bitcoin
Writ large, this could make stock markets far choppier in future — and vulnerable to a nosedive when the bitcoin bull market ends. It would be easy to imagine that this could prompt a wider wave of selling as investors sought to cover their loss-making positions, which could be very dangerous for financial stability. Global regulators will no doubt be concerned about a potential volatility spillover from digital asset prices into traditional capital markets. They may not permit what could quickly amount to effective proxy approval by the back door for companies holding large proportions of a volatile asset on their balance sheets.
The view from US regulator the SEC will be extremely important, and it is difficult to predict the response of newly appointed head Gary Gensler , who is himself a crypto expert.
Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K
We may see anything from a wait-and-see approach through to a ban on listed companies holding any bitcoin-like assets. Such a rule would force companies to sell bitcoin if a price increase meant their holdings broke the maximum level, creating a form of sell pressure that the crypto market has not seen before. The crypto community will be watching to see whether other major companies follow suit, and whether Tesla has the conviction to stay invested when its next quarterly announcement comes around.
But if this trend continues, make no mistake that a reckoning will be coming over the prospect of the heady volatility of the crypto market going mainstream. Watch this space. Much of those extra costs could be financed through additional Fed money printing.
Bitcoin Price Prediction | Will Bitcoin Rise Once Again?
Retail purchases. That would imply a retracement of more than two-thirds from that hypothetically new all-time high. New York State prosecutors are currently battling Tether in court due to its finances. While it may dampen near-term enthusiasm, it will ensure future price rises remain grounded.
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