Monday, June 23, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Bitcoin

The $1 trillion question: Is Bitcoin crashing into ‘uncharted territory’?

n70products by n70products
March 23, 2024
in Bitcoin
0
The $1 trillion question: Is Bitcoin crashing into ‘uncharted territory’?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


  • Regardless of current dips, buyers stay bullish on Bitcoin.
  • Exec believes provide shock can result in worth appreciation.

The crypto market seems to be in a whirlwind as Bitcoin [BTC] continues to say no regardless of having examined $68,000 on twenty first March. The king coin dropped by nearly 7% final week, bringing it to commerce at $63,974 at press time.

Nonetheless, buyers stay ever so optimistic in regards to the asset’s future. On twenty second March, Anthony Pompliano, founding father of Pomp Investments, spoke to Yahoo Finance through the inaugural Bitcoin Investor Day in NYC. The exec shared his insights on BTC’s resilience, remarking,

“Bitcoin clearly is among the best-performing belongings. It’s a trillion-dollar asset now, and it’s infiltrated now into the standard monetary world.”

Will Bitcoin go up?

Pompliano highlighted that Bitcoin’s easy nature has contributed considerably to its worth. He defined that BTC permits buyers to spend money on an asset that isn’t devalued whereas concurrently rising their buying energy. 

This simplicity has made its approach into Wall Road, the place people and establishments see BTC as a viable funding choice. However how does that mirror on the worth entrance? The exec commented:

“Now, is it going to go up within the brief time period, medium time period, long run? How a lot? When? All these various things come into how a lot do you need to allocate. How do you place it right into a portfolio? Are you buying and selling, or are you simply shopping for and holding? However actually, on the finish of the day, it’s simply, okay, if demand outstrips provide, the worth goes to go up.”

He believes this financial precept helps the rising curiosity in Bitcoin. This, in flip, results in a bullish future that’s towards the backdrop of restricted provide.

2024 Bitcoin halving is completely different 

Bitcoin’s current conduct has been nothing wanting stunning. Ergo, the query: What’s completely different about this halving? Pompliano defined,

“We violated numerous the principles that individuals beforehand relied on in Bitcoin….we additionally had by no means hit an all-time excessive earlier than the Bitcoin halving. So I feel what it simply means is like we’re in uncharted territory.”

The exec identified that HODLers will probably view this cycle optimistically, anticipating additional worth surges. But, there’s additionally a level of unpredictability that may result in broadly completely different outcomes.

Subsequent: Bull run heats up: BlueZilla unleashes BlastFi IDO on 26 March



Source link

Tags: BitcoinCrashingQuestionTerritoryTrillionuncharted
Previous Post

Crypto Analyst Says XRP Price Is Headed For $27 As 2017 Pattern Emerges

Next Post

The great renaming: what happened to Eth2?

Next Post
Looking back: 2022 on ethereum.org

The great renaming: what happened to Eth2?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

How did MicroStrategy’s Bitcoin bet pay off in 2024?

How did MicroStrategy’s Bitcoin bet pay off in 2024?

January 3, 2025
Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price?

Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price?

January 26, 2025
Tezos Holders Launch New IRS Lawsuit Over Staked XTZ Tokens

Tezos Holders Launch New IRS Lawsuit Over Staked XTZ Tokens

October 15, 2024
Ethereum Consolidates But Open Interest Points to Potential Breakout

Ethereum Consolidates But Open Interest Points to Potential Breakout

January 24, 2025
All about Ethereum’s yearly low

All about Ethereum’s yearly low

March 1, 2025
Crypto Wallets Drained Off $600K Due To Ignored Phishing Attack

Crypto Wallets Drained Off $600K Due To Ignored Phishing Attack

January 30, 2024

Recent Posts

  • OKX To Consider IPO In US After Local Relaunch In April
  • Texas Govt. Signs Strategic Bitcoin Reserve Into Law
  • City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

OKX To Consider IPO In US After Local Relaunch In April

OKX To Consider IPO In US After Local Relaunch In April

June 23, 2025
Texas Govt. Signs Strategic Bitcoin Reserve Into Law

Texas Govt. Signs Strategic Bitcoin Reserve Into Law

June 23, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version