Can the Bitcoin market cap reach $10 trillion? Why an ex-Goldman Sachs exec thinks it’s possibleBTC $7471 (+5%) • ETH $186 (+2.5%) • XRP $0.19 (+2.2%)
Bitcoin has been on a remarkable run over the past decade, despite the recent downturn. Case in point: the cryptocurrency, which first traded at around $0.001, is now worth upwards of $7,000, a percentage gain that is literally in the hundreds of millions of percent. While such a gain is ludicrous in and of itself, some say that Bitcoin still has room to run. A lot more room. In a recent research note, Raoul Pal — a former Goldman Sachs executive and hedge fund manager — explained that he thinks the cryptocurrency could be worth upwards of 5,000 percent higher than it is today. And here's why. More news ⏬Bitcoin OTC trading just became easier with a new quote tool from BTSECryptocurrency derivatives exchange BTSE has announced the launch of a new tool that will make it easier to access OTC trading on the platform. Even after 50% crash, Bitcoin is primed to see explosive growth: 5 reasons whyBitcoin’s performance over the past few weeks since the mid-March bottom has undoubtedly been impressive. Ethereum active addresses rocket as crucial moment fast approachesEthereum has seen a notable price spike today that has come in tandem with a recovery seen across the aggregated cryptocurrency market. Bitcoin whale growth is macro bullish, but will it be enough to stop another massive selloff?Data suggests that large buyers – sometimes referred to as “smart money” – have been in full Bitcoin accumulation mode over the past couple of months, with the number of proverbial “whales” hitting multi-year highs just in the past week. These privacy coins are on the move and could soon lead the crypto marketZcash and Dash appear to be leading the cryptocurrency market. Despite the recent bullish impulse they went through, a steep correction may be underway. What else?🛢 Popular crypto derivatives exchange FTX launches oil futures—here’s what this means for crypto 🦈 Could DAI be the biggest threat to Ethereum DeFi? This analyst thinks so 🤖 This AI-focused cryptocurrency is up 300%, but on-chain fundamentals spell trouble 🌋 Stablecoin boom doesn’t guarantee Bitcoin price will explode higher: economists Featured sponsors🎬 ChainFlix - ChainFlix is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetize their time, contents, and efforts. In the Chainflix platform, coins are to be mined during the video-viewing process, and all participants in the system (content creators and activators, storage providers, viewers, operation participants and advertisers) are organically connected in a way to ensure user-oriented operation and fair distribution of blockchain-based and PoA algorithm-mined coins among the participants. Learn more ☁️ Bitcoin Wallet - Bitcoin Wallet is a cloud-based mobile and desktop cryptocurrency storage and exchange app with a focus on security, speed and convenience. Bitcoin Wallet allows you to use any coins, tokens and blockchains without any restrictions and limits. Learn more 💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |