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08/04/2022

Legendary trader Peter Brandt hinted in a tweet that Bitcoin will likely have to wait until 2024 to start a new “crazy bull market.”

Data given by Peter Brandt shows that Bitcoin's next "mad cow" round may not wait until May 2024 - which is almost the same as the next Bitcoin "halving" progress.

"In the past two 'halvings', Bitcoin rose 10 times or more, and it took the cryptocurrency an average of 33 months to start a bull market." He explained in a tweet, "If history repeats itself, then the next A bull market will start in May 2024.”

Some market players are accustomed to bitcoin's price highs every four years, with particular attention paid to the second year after each bitcoin "halving" is completed.

In May 2020, Bitcoin completed its third halving since its birth, and in 2021, Bitcoin has risen by 59.7%.

In the short term, under the macro background of the Federal Reserve raising interest rates and accelerating the reduction of the balance sheet, the market generally believes that the prospects of risk assets such as Bitcoin are not optimistic.

02/04/2022

Investing.com - Asset management giant VanEck said that if bitcoin becomes a global reserve asset, the price per coin could be as high as $4.8 million, according to media reports on Thursday.

Eric Fine, head of emerging markets debt at VanEck, and chief economist Natalia Gurushina said in a March 30 report that Bitcoin’s implied price is between $1.3 million and $4.8 million.

Among them, the lower price is predicted based on Bitcoin as M0, while the highest price is predicted based on Bitcoin as M2.

M0 refers to the sum of the cash on hand of various units outside the banking system and the cash held by residents, and M2 refers to the cash circulating outside the banking system plus corporate deposits, household savings deposits and other deposits, including everything that may become a real purchasing power. form of money.

In the evaluation of gold prices, Eric Fine and Natalia Gurushina believe that if M0, the gold price should be at 31,000 US dollars, and as M2, the gold price should be as high as 105,000 US dollars.

Notably, Russia is considering accepting bitcoin as a payment method for its oil and gas exports as the West ramps up sanctions.

31/03/2022

Investing.com - Bitcoin prices have surged 30% after hitting lows in late January, including a 13% gain in March. Traders, however, have had a muted reaction to crypto stocks amid the cryptocurrency boom.

The NYSE FactSet Global Blockchain Technologies Index, an index tracking 35 cryptocurrency-related stocks including Riot Blockchain Inc (NASDAQ:RIOT), Galaxy Digital Holdings Ltd (TSX:GLXY), is down roughly 15 percent in 2022, data shows. %.

DA Davidson analyst Christopher Brendler believes there is a lot of debate among investors about how much these companies are worth and their long-term standing in the stock market.

Volatility in the stock market and the Federal Reserve’s rate hikes have put these crypto stocks under enormous pressure, he said.

Earlier this year, Bitcoin fell 50% from its record high in November, while crypto mining stocks were also hit hard. For mining stocks, any price slump in bitcoin would squeeze their profit margins, and despite bitcoin’s recent rally, high energy prices caused by the conflict in Russia and Ukraine over the past month have also increased their mining costs.

Year-to-date, Marathon Digital Holdings Inc (NASDAQ:MARA) is down 10%, and Bit Digital Inc (NASDAQ:BTBT) is down as much as 40%.

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