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Bitcoin has already come such a far way and even became a media sensation in thanks to stories of early investors in the crypto asset becoming rich. The below prediction chart outlines some of the minimum and maximum BTC price forecasts offered by technical analysts and industry experts in an easy to digest format. PrimeXBT also offers traditional assets such as the most popular forex currencies, commodities, stock indices, and spot contracts for gold and silver.
With Bitcoin about to take off on yet another bull run, the opportunity to profit has never been greater. The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities and similar products. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT.
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Crypto markets are rapidly evolving, which new buzz words and trends popping up seemingly every passing day. The current new…. All across the cryptocurrency market there is innovation abound, both in terms of the projects and digit assets themselves, but…. The coin…. Price prediction. Reading Time: 9 min. Intro Bitcoin is the first cryptocurrency to ever be created, sparking the birth of an entire industry and thousands upon thousands of altcoins to be created in its image. Securities and Exchange Commission, Hester Peirce, who said that there is now an urgent need for more regulatory clarity concerning the use of cryptocurrencies.
She is not alone with this view, as this writer also shares the same thought. As BTC becomes more mainstream, regulatory bodies have to become more proactive and take a more cursory look at how the industry could serve the interests of their people. They should avoid reactionary actions, like those of the Nigerian or Indian governments, which have both decided to effectively ban cryptocurrencies in their jurisdictions. Instead, more regulatory clarity should be offered to the industry and, with time, everyone will become enamored with the cryptocurrency space.
It is expected that the rise in value of bitcoin and its effects will generally have a ripple effect on the whole cryptocurrency industry. After all, bitcoin has always been the pacesetter. Thus, this new price level will bring with it a whole new level of scrutiny, pessimism and some fight back from the traditional financial industry.
But BTC is like a moving train, and presently, nothing can stop this train from moving further forward. This is a guest post by Oluwapelumi Adejumo.
Bitcoin Hits $56,000, What's Next?
Press Releases. Learning Bitcoin. By Peter Chawaga. By Michael. By Constantin Kogan. By Fernando Martinho. By Philip Schaar. By Peter Jobes. By Nick. One of the most talked-about funds, by provider VanEck, has seen its final approval decision pushed back again and again. Some analysts believe that the approval of a mainstream Bitcoin ETF could provide a significant jolt to the digital currency world, opening up the industry to investors eager to participate without some of the risks associated with buying and selling tokens directly.
As of now, though, the future of VanEck's fund remains to be seen. Stablecoins are digital tokens that are pegged to a fiat currency that act as hedging mechanisms against the potential decline of underlying cryptocurrency collateral prices—and they may just be the industry's best hope going into Stablecoins may see growth next year for two reasons: one, a result of the long-term instability of non-centralized tokens; and two, the current leader in the stablecoin industry, tether, is positioned to be dethroned.
This Is Why Bitcoin Will Hit $59, In
As one of the earliest stablecoins to reach the mainstream, Tether USDT has suffered a number of highly publicized growing pains while the sub-industry developed. Other stablecoins have already entered the field, aiming to wrench away its dominance. While it's difficult to say which, if any, digital currencies will see dramatic price gains in , we can say with confidence that cryptocurrency is not going away anytime soon. Blockchain, the underlying technology behind many cryptocurrencies, has spread far outside of the digital currency industry and is likely to see new applications this year.
What’s Next?
Governments and regulators will continue to grapple with how to best facilitate and control digital tokens. The heyday of cryptocurrencies may have come and gone, but it's also possible that the crypto market still has a lot of upsides to go.
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We do know one thing for sure: cryptocurrencies were once positioned to upend the entire financial system. That kind of noise doesn't disappear overnight, so expect to hear from cryptocurrency—or at least its number-one fans—for another year at least. Initial Coin Offerings.
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