Bitcoin Could Soar 10X To Hit $300,000, Reckons XRP Holders’ Lawyer — Here’s How

Bitcoin Could Soar 10X To Hit $300,000, Reckons XRP Holders’ Lawyer — Here’s How
фото показано с : zycrypto.com

2023-6-27 19:32

The attorney representing XRP holders, John E Deaton, has posed a question to his Twitter followers regarding the immense potential of bitcoin.

BTC is currently trading hands at $30,360.03, and Deaton suggested the possibility of the flagship cryptocurrency rallying to an impressive $300,000. This would represent a staggering tenfold increase from its present price.

Bitcoin Could ‘10X’ From Here

In a June 25 tweet, John Deaton asked his over 276,000 followers whether they think the market capitalization of Bitcoin could one day reach half that of gold. Deaton suggested that if this happened, the price of the dominant cryptocurrency may absolutely surge to $300,000 — which would be ten times higher than its current valuation.

By predicting Bitcoin might attain half of the precious metal’s market cap, the CryptoLaw founder sought to highlight his belief that the current market price is an attractive entry point for long-term investors.

Deaton also drew attention to an exciting development, as the CEO of the world’s largest asset manager BlackRock, Larry Fink, made a U-turn regarding Bitcoin. According to Fink, more than 600,000 customer inquiries about BTC were made on his company’s official website. This, per Deaton, is an important statistic that bolsters his perspective on Bitcoin.

BTC recently achieved a year-to-date high as investors’ excitement over BlackRock applying for a spot bitcoin exchange-traded fund (ETF) fueled dreams of a new bull market.

BlackRock, Other Spot BTC ETF Filings Spark Bullish Outlook

The crypto market had been going through a crisis of confidence following the implosion of the FTX crypto exchange last November, but recent filings for spot bitcoin ETFs have helped energize cryptocurrencies. Bitcoin touched the $31,000 level recently amid increasing U.S. regulatory scrutiny, as well as inflation and other macroeconomic concerns.

The world’s biggest asset manager BlackRock on June 15, applied to the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF — something that the top American financial regulator is yet to greenlight.

Several other big-name financial firms, including WisdomTree, Invesco, and Valkyrie Investments, among others, also moved to lodge similar applications for their spot bitcoin ETFs.

The road toward a spot bitcoin ETF in the U.S. has been long. As such, crypto pundits now believe that if the SEC successfully approves BlackRock’s, or the other newly-submitted ETF applications, it would be a seminal moment in the history of crypto.

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market bitcoin highlight sought cap belief cryptolaw

Источник: zycrypto.com

market bitcoin → Результатов: 126


Фото:

Margin Of Safety Indicates Bitcoin Undervaluation Below $90K Amid Prevailing Market Pessimism

Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]

2025-1-15 11:30


BlockDAG Leads with $150M Presale as Crypto Market Tops $3.1T, Bitcoin ETFs and Ethereum Price Grow

The cryptocurrency market has soared, reaching a new pinnacle with a total market capitalization of $3. 13 trillion, establishing the sector as a formidable economic force. This surge reflects in the growing appeal of Bitcoin ETFs, which have seen unprecedented inflows, while Ethereum (ETH) sets its sights on managing $10 billion in assets.

2024-11-25 04:00


Bitcoin’s Big Week: Election, FOMC Meeting, And Strong Signs Of A Bull Market

As the market faces one of its most volatile weeks—amid the U.S. election and the Federal Open Market Committee (FOMC) meeting—Bitcoin appears primed for a lasting rally. Historically, major bull runs have followed post-election periods, and analysts are optimistic about Bitcoin’s potential, forecasting it could hit $100,000 by year’s end, […]

2024-11-5 08:22


Bitcoin’s (BTC) Bullish Patterns Emerge: Is a Market Super Cycle on the Horizon? Pay Attention to These Metrics

Bitcoin’s trading pattern lately reveals a consistent sideways movement, with fluctuations between $60,000 and $72,000. This trend, as highlighted by top cryptocurrency analyst Doctor Profit via a tweet on X, mirrors historical market behaviors that have typically preceded significant price increases.

2024-4-29 09:30


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20

The XRP price is in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20.

XRP Consolidates Near Key Levels: The Implications Of A Breakout

XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2. 9 to $3. 4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement.