Bitcoin

Bitcoin To $800K? Galaxy Digital CEO Unveils 5-10 Year Forecast

Published

6 hours ago

November 16, 2024

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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$100k

Buy As Much Bitcoin As You Can Before $100K

Published

5 hours ago

November 16, 2024

admin

Today, Fox Business’s Eleanor Terrett revealed that the Pennsylvania House of Representatives is introducing legislation that would effectively allow the state to hold Bitcoin on its balance sheet as a strategic reserve asset.

🚨SCOOP: Today the Pennsylvania House of Representatives introduced legislation that would enable the state to hold Bitcoin on its balance sheet as a reserve asset in a broader movement to recognize $BTC as a store of value.
Full write-up on @FoxBusiness coming shortly.
— Eleanor Terrett (@EleanorTerrett) November 14, 2024

The overton window has finally shifted this past week and now everyone is seemingly scrambling to adopt BTC as a reserve asset. From the looks of it, it feels like a snowball rolling down a hill, gaining more momentum and growing bigger as it travels.

Here’s how this could play out:

First, normal everyday people used bitcoin as a long-term savings vehicle
MicroStrategy became first publicly traded company to adopt it
El Salvador became first country to adopt it
Corporations launched spot ETFs
The US president elect is pledging to create a national BTC reserve
US states are introducing legislation to adopt a BTC reserve
Foreign nations are rumored to be buying bitcoin to front run the US

This list is only going to continue to grow. I suspect more states in the US, specifically the more conservative states, will follow Pennsylvania’s lead in the future in introducing the same or similar legislation. The benefits of adopting bitcoin have become impossible to ignore.

Remember, 94.20% of the total 21 million bitcoin supply has already been issued.

It is estimated that around 3-5 million of those coins has been lost forever
US spot Bitcoin ETF hold 1.07 million BTC
MicroStrategy holds 279,420 BTC
The US holds 208,109 BTC
Various other countries are in possession of large amounts of BTC
Tons of public and private companies are large amounts of BTC
? amounts of BTC owned by everyday people around the world

Many years ago I came to the conclusion that this level of bitcoin adoption was inevitable, but with all this momentum from large public institutions, I think we’re going to hit $100,000 bitcoin much sooner than I expected.

The supply of available bitcoin is shrinking each and every day, and coupled with rising demand, the price is up 130% in the last year. This is a runaway train, folks.

States, nations, and corporations are not going to stop accumulating BTC once they start buying either, so I am eagerly continuing accumulating as much bitcoin as I can before we hit that magic $100k number.

I think the floodgates will really open from there.

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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Bitcoin

Crypto Analyst Says Bitcoin’s Parabolic Phase Has Begun, Outlines Time Left Before BTC Hits the Bull Market Peak

Published

1 day ago

November 15, 2024

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An analyst is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset’s rally to a new all-time high of around $93,500.

The analyst pseudonymously known as Rekt Capital tells his 95,400 YouTube subscribers that Bitcoin has finally broken into the “parabolic phase of the cycle.”

“So we’re going to see multiple weeks of upside… before we see the first sort of correction.”

According to the pseudonymous analyst and trader, Bitcoin has a little over 40 weeks before it hits the top of the cycle based on historical precedent.

“We are in the parabolic phase of the cycle once again, only just beginning it. And here we can see that the bull market top based on what we’ve seen in the past is mid-September to mid-October 2025.

Because simply put, it takes Bitcoin 518 days after the halving to the bull market peak. That was the case in 2017 and in 2020 it was a little bit longer – 550 days after the halving.

So if we’re going to essentially just do this, then it gives us a bit of a cushion of 30 days or so that we might see mid-September to mid-October 2025 in terms of a bull market peak.

And so we are in the final phase of the Bitcoin cycle, the post-halving parabolic upside phase and it is quite an extensive phase. You can see that this tends to last quite a bit of time and 300 days or so is something we can roughly expect.”

Bitcoin is trading at $89,230 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin

Michael Saylor predicts Bitcoin will soar to $100k amid Trump’s pro-crypto administration

Published

1 day ago

November 15, 2024

admin

MicroStrategy CEO Michael Saylor is expecting Bitcoin to hit $100,000 before the end of the year, stating that the 2024 U.S election outcome was ‘the biggest thing that’s happened in the past four years for Bitcoin.’

In an interview with CNBC on Nov. 14, the MicroStrategy CEO stated he is already planning a “New Year’s Eve” party at his house to celebrate Bitcoin (BTC) hitting an all-time-high of $100,000. When asked whether he sees any threats that could pull Bitcoin down to $30,000, Saylor expressed certainty that BTC will not go down below $60,000.

“I think it’s going to go up from here. I’m planning the $100,000 party and I’m thinking it’s probably going to be New Year’s Eve at my house. So I would be surprised if we don’t go through $100,000 in November or December,” said Saylor.

Most recently, Bitcoin reached a new all-time high of over $93,400 shortly after the U.S. CPI report was released on Nov. 13. According to data from crypto.news, BTC is currently trading hands at $89,083 after going down by 1,7% in the past 24 hours of trading.

Michael Saylor predicts Bitcoin will soar to $100k amid Trump's pro-crypto administration - 1 — Bitcoin has gone up by 32.64% in the past 30 days, November 15, 2024 | Source: crypto.news

Saylor attributed Bitcoin’s ongoing bull run to President-elect Trump’s win and the Republican party’s dominance over the House of Representatives and Congress, stating that “the red wave is probably the biggest thing that’s happened in the past four years for Bitcoin.”

Shortly after Donald Trump was confirmed as the President Elect of the United States, Bitcoin reached an all-time high of $75,000. As Bitcoin is often an indicator for all other altcoins in the industry, other cryptocurrencies like Ethereum(ETH), Solana(SOL) as well as meme coins such as cat in a dogs world(MEW) and Peanut(PNUT) have risen along with it.

“I think this is incredibly bullish for digital assets. It’s very good for the crypto industry. We’re gonna see a lot more pro Bitcoin policies. We’re gonna see a digital assets framework. We’re gonna see an end to the war on crypto,” said Saylor.

At the time of writing, Stand With Crypto recorded 272 pro-crypto candidates have been elected into the House of Representatives, with a majority of them being Republicans.

On Nov. 11, Michael Saylor announced that MicroStrategy has invested an additional $2.03 billion worth of BTC, bringing their total Bitcoin holdings to 279,420 tokens. MicroStrategy currently holds the largest Bitcoin Reserve owned by a company.

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