Bitcoin Outlook Sours As Price Sheds 70% of Recent Rally

The bitcoin price could hit $1 million by 2033 and is likely to reach a $200,000 cycle-high by 2025.MicroStrategy initiated as outperform with a $2,890 price target at Bernstein.The software company's long-term convertible debt strategy means it has time to benefit from bitcoin upside with limited liquidation risk to the crypto on its balance sheet

Jan 20, 2020 at 15:43 UTCThe South Korean government is said to be considering imposing a 20 percent tax on all cryptocurrency transactions.South Korea's Yonhap News Agency reported Monday that officials from the Ministry of Economy and Finance's income tax office had been reviewing a new proposal that could see the country adopt a clearer…

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news Uganda’s president is getting behind a project using blockchain tech to fight the problem of counterfeit medicines. In an announcement on Monday, MediConnect – a firm that has built a solution to track and manage prescription meds using blockchain –said it has received “indicative” support from the Ugandan government to explore the use of its product…

As another wave of major financial institutions announce bitcoin plans, it’s getting harder for the MSM to simply print the same old FUD. This episode is sponsored by Nexo.io.Today on the Brief:A follow-up on celebrity in cryptoDapper Labs and BlockFi raising at multibillion dollar valuationsCathie Wood and ARK increase their bitcoin positionOur main discussion looks…

news Global interbank messaging giant SWIFT has revealed it will allow blockchain firms to make use of its Global Payments Innovation (GPI) platform for near real-time payments. In a report published late last week, SWIFT said that, following a successful proof-of-concept with R3’s Corda platform, it would “soon be enabling gpi payments on DLT [distributed ledger technology]-based…

Dec 7, 2020 at 7:17 p.m. UTCCircle founder and CEO Jeremy Allaire (Circle)Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEOCircle CEO Jeremy Allaire believes the incoming Joe Biden presidential administration in the U.S. will “ultimately be supportive of cryptocurrency because it represents a seismic shift as large as the commercial internet.” In a Monday…

Aug 15, 2020 at 14:00 UTC(Bruce Warrington/Unsplash)Here Comes the Most Bizarre Bull Market YetSocial unrest on the one hand, “Degen Finance” on the other. Strap in for a very weird bull run. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica,…

Bitcoin (BTC) may break its three-year December winning streak unless prices convincingly cross key resistance at $4,410 in the next few days. The leading cryptocurrency by market value gained 14 percent, 30 percent and 40 percent in the last month of 2015, 2016 and 2017, respectively, according to CoinDesk’s Bitcoin Price Index. (BPI). The odds, however, are…