Citi Analysts: Bitcoin could either face “speculative implosion” or become a top currency for international trade

Citi Analysts: Bitcoin could either face "speculative implosion" or become a top currency for international trade

Bitcoin as both a medium of exchange and a currency is at a unique position in its existence. It reached a new all-time price high of almost $60,000 in February 2021 and saw its largest-ever wave of institutional support in late 2020. As such, both bitcoin investors and general crypto enthusiasts are closely watching the […]

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Bitcoin Is Greatly Overpriced; Its Fair Value Is $25k, Say JPMorgan Strategists

JPMorgan Says A Slowdown In Major Crypto Fund Inflows Would Foster Bitcoin Price Correction

Bitcoin is trading at twice its fair valuation, analysts at the largest bank in the U.S have claimed. In its latest report, JPMorgan stated that it assesses the top crypto’s fair value to be $25,000. The report also looked into the effect Tesla has had, why Tether is BTC’s greatest tail risk, the rise of […]

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MicroStrategy Upgrades Proposed Private Offering to $900 Million to Buy More Bitcoin

MicroStrategy Wants To Buy An Additional $600 Million Worth Of Bitcoin

MicroStrategy has announced via a press release on February 17 that it plans to issue $900 million more worth of debt, adding $300 million to the novel debt issuance model to buy more Bitcoin. The firm stated that it will offer convertible notes that will mature on February 15, 2027. The business intelligence company initially […]

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Polkadot Lays Out Its Plans for Parachain Rollout as the Token’s Price Climbs

Polkadot Lays Out Its Plans for Parachain Rollout as the Token's Price ClimbsThe price of Polkadot’s native token hit an all-time high (ATH) this week, soaring above $30, as the company laid out the next steps of its plans and the systems to finalize the network launch. Polkadot Roadmap Outlines Layer 0 Deployment Initiatives Polkadot released a roadmap highlighting that it is currently in its Rococo phase, […]
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