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Bitcoin Prices

  • Featured Story

    Why the Price of Bitcoin Will Surge to $55,000 After This May 2020 Catalyst Increases Its Scarcity

    By , Associate Editor, Money Morning -

    Today, we'll show you how to value Bitcoin using a different model - one which allows us to compare its value to other scarce assets like silver ($308 billion market cap) and gold ($8.4 trillion market cap).

    You see, Bitcoin should be compared these precious metals since they also aren't income producing businesses, yet they hold significant value in this world because they're also limited in supply and unforgeable.

    To date, this model has correctly explained 95% of the price of Bitcoin within two standard deviations of its projected mean.

    And it predicts Bitcoin's market cap will surpass $1 trillion (or $55,000 per Bitcoin) by 2021.

    Read more...

Article Index

Why the Price of Bitcoin Will Surge to $55,000 After This May 2020 Catalyst Increases Its Scarcity

By , Associate Editor, Money Morning -

Today, we'll show you how to value Bitcoin using a different model - one which allows us to compare its value to other scarce assets like silver ($308 billion market cap) and gold ($8.4 trillion market cap).

You see, Bitcoin should be compared these precious metals since they also aren't income producing businesses, yet they hold significant value in this world because they're also limited in supply and unforgeable.

To date, this model has correctly explained 95% of the price of Bitcoin within two standard deviations of its projected mean.

And it predicts Bitcoin's market cap will surpass $1 trillion (or $55,000 per Bitcoin) by 2021.

Read more...

Here's Why the Bitcoin Price Jumped 35% in One Day

By , Associate Editor, Money Morning • @DavidGZeiler -

Bitcoin volatility made another dramatic appearance recently, with the Bitcoin price soaring as much as 35% in less than a day.

The primary culprit was a statement by China's president that it was time for his nation to "seize the opportunity" of blockchain technology.

While that stirred up the markets, it wasn't the only reason Bitcoin shot up so quickly.

Something more was going on...

Why a Bitcoin Price Drop of 22% in 5 Days Didn't Alarm Anyone

By , Associate Editor, Money Morning • @DavidGZeiler -

You'd think a Bitcoin price drop of 22% in just five days would have sent investors into a blind panic.

But for the most part, the crypto community just brushed it off.

Contrast that to what would happen on Wall Street if the Dow Jones Industrial Average were to plummet 22% in one week.

But Bitcoin is not like stocks or other assets.

Here's why the price of Bitcoin fell - and why investors were unfazed...

The Bitcoin Hash Rate Hit an All-Time High – What That Means for You

By , Associate Editor, Money Morning • @DavidGZeiler -

The Bitcoin hash rate, though it gets little attention in the mainstream media, is actually the best barometer for measuring the digital currency’s long-term prospects.

That’s because the hash rate measures how much mining power is being used to create new bitcoins.

And lately, the Bitcoin hash rate has been sending a very clear message…

Read more...

What to Make of the Bitcoin Price Yo-Yo This Week

By , Associate Editor, Money Morning • @DavidGZeiler -

In the span of just one week, we once again saw some wild swings in the Bitcoin price.

The price of Bitcoin fell 8.7% in just 24 hours, something that would have caused panic on Wall Street had it happened in the stock market.

Then, just a few days later, the Bitcoin price reversed course. Within five days of bottoming out it had popped nearly 15%. But for Bitcoin, this is routine.

We've got all the details here - and how Bitcoin investors should deal with this volatility...

Bitcoin Predictions from Wall Street Vets See $100,000 by 2021

By , Associate Editor, Money Morning • @DavidGZeiler -

Bitcoin predictions for a price of $100,000 by 2021 are fairly common among crypto enthusiasts.

But they’re not the only ones making these predictions.

People with Wall-Street level credibility now are not only involved with Bitcoin, but are making the same kinds of six-figure forecasts.

We’re talking about folks with years of investing expertise.

When they make a call for Bitcoin reaching $100,000 by 2021, every investor needs to sit up and take notice…

This Bitcoin Price Prediction Chart Points to $3.2 Million by 2029

By , Associate Editor, Money Morning • @DavidGZeiler -

When a commodity has gains like those we’ve seen with Bitcoin, investors will use every tool at their disposal to try to peek into the future to see if more such gains are possible – and when to expect them.

A newer type of Bitcoin price prediction chart, based on a property long applied to gold, silver and other commodities, suggests that the Bitcoin phenomenon is still in the early innings.

These numbers are staggering…

Here's the Case for a Bitcoin Price Prediction of $250,000 by 2025

By , Associate Editor, Money Morning • @DavidGZeiler -

Back in mid-2016, a Bitcoin price prediction of $2,000 - when BTC was trading at around $600 - would have sounded like a stretch. And yet 18 months later, Bitcoin nearly reached $20,000. Today we're seeing Bitcoin price forecasts of $250,000 and higher. With the price of Bitcoin hovering around $4,000, such targets seem far out of reach.

But there are several reasons the Bitcoin price could realistically reach six figures...

How the Bitcoin Price Will Benefit from the Midterm Election Results

By , Associate Editor, Money Morning • @DavidGZeiler -

The biggest winner of the midterm elections wasn't a candidate or a party, but the long-term prospects for the Bitcoin price.

Seven crypto-friendly governors were either elected or reelected. And one of the newly elected governors was Democrat Gavin Newsom, a strong proponent of crypto that is now the head of the nation's most populous state. These governors join more than a dozen pro-cryptocurrency congressmen.

Here's why more crypto-friendly politicians will ultimately boost the price of Bitcoin...

This Bitcoin Price Prediction Chart Shows Parabolic Gains

By , Associate Editor, Money Morning • @DavidGZeiler -

gold bitcoin

The history of Bitcoin is a volatile one. But we've found a Bitcoin price prediction chart that shows this history is a harbinger of much bigger gains to come.

This "parabolic supertrend" indicates the Bitcoin price has made several major moves upward in a cycle that has repeated several times. Despite several steep declines, the long-term trend is always higher - much higher.

And this chart is telling us the next major move up in the cycle is right around the corner...

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