A prominent cryptocurrency fund manager and former Wall Street household name is bullish on both Bitcoin and gold. The reason: the U.S. killed Iranian General Qassem Soleimani by an airstrike.
Related Reading: Bitcoin Poised to Collapse Under $5,000? Market Cycle Fractal Suggests So
Bitcoin Bullish Because of Iran?
On Jan. 2, U.S. officials confirmed that Iranian General Qassem Soleimani was killed in Baghdad in an airstrike directed by President Donald Trump. Due to Soleimani’s status as a key leader in Iran, media—mainstream and social media alike — erupted; every commentator was trying to weigh in on what this event meant for foreign policy, a potential World War 3, oil, and — you guessed it—Bitcoin.
Related Reading: This Scary Fractal Suggests Bitcoin Price Is On Its Way to $3,000
Interestingly, a majority think that this geopolitical event will be either neutral or bullish for Bitcoin. Michael Novogratz, a former partner of Goldman Sachs and the current chief executive of crypto firm Galaxy Digital, recently remarked on Twitter that the “more I analyze this Iranian situation, the more bullish [on] gold and BTC I become.”
The more I analyze this Iranian situation, the more bullish gold and $btc I become.
— Michael Novogratz (@novogratz) January 5, 2020
He went on to explain his reasoning, writing that due to the general’s death, “Iraq [will] expel US troops. Iran will have to pull in Iraq. Saudis don’t want conflict. Middle East will become less stable, creating volatility in markets.”
This ties in with the theories of many cryptocurrency investors that Bitcoin is being increasingly seen as a macro play. Former Wall Street executive Raoul Pal, for instance, has lumped the orange coin in with gold, silver, and other macro plays on many occasions.
The idea here, of course, being that BTC should rise in times of geopolitical and macroeconomic instability due to it being an asset that is decentralized, non-sovereign, and scarce.
$20,000 By Early-2021
While Novogratz didn’t give any concrete price predictions this time around, he has previously said in an interview that the expects BTC to hit $20,000 by early-2021 at the latest.
As to why Bitcoin is likely to hit its all-time highs once again, the investor cited institutional involvement. The Galaxy Digital CEO’s long-held thesis is that institutions, coupled with solution providers like Bakkt, will bring a mass influx of capital into Bitcoin markets that were not seen before.
Also, as evidenced in the above tweet, the former Wall Streeter has looked to macro trends that may favor Bitcoin: negative interest rates, geopolitical unrest, and mistrust in centralized systems.
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
Bitcoin (BTC) retail demand is surging, driving optimism for a rally above $100K. On-chain metrics and a bull flag breakout back the bullish outlook.
The post Bitcoin (BTC) Retail Boom Reaches 4-Year High, Rekindles Bullish Price Predictions appeared first on BeInCrypto.
Bitcoin has entered a consolidation phase just below the $100,000 level, following an impressive rally that saw the price hitting all-time highs nearly every day for almost three weeks. While the market has quieted down recently, Bitcoin’s bullish momentum remains strong, and many analysts believe the pause is merely temporary before another upward push. Related […]
Bitcoin price pulled back slightly after nearly retesting its all-time high of $73,800 on Oct. 29. Bitcoin (BTC) trading at $71,800 as crypto analysts predicted an eventual bullish breakout in the coming days. In an X post, Mando CT, a…
Bitcoin popularity is a small fraction of what it was in March 2024.
The market capitalization charts gave bullish signals for the long-term.
Bitcoin [BTC] market sentiment was starting to tThe post Bitcoin: Historical trends indicate bullish outlook for BTC - here's more! appeared first on AMBCrypto.
Data shows the Bitcoin trader sentiment has remained neutral recently, suggesting the market is currently not sure about a bullish outcome. Bitcoin Price Has Taken To Sideways Movement Recently After showing a strong recovery surge last week, Bitcoin has hit a bit of a pause in the past few days, as the cryptocurrency’s price has […]
Bitcoin registered double-digit growth over the last seven days.
Market indicators remained bullish in the king of cryptos.
Bitcoin [BTC] has remained bullish throughout the last week, as The post Bitcoin eyes $100k milestone: Just one hurdle left to clear! appeared first on AMBCrypto.
Bitcoin whales have been consistently accumulating BTC since the beginning of the year amidst a bullish future outlook for the crypto industry. These elevated whale holdings showed investor confidence, which also translated into a bullish rally for Bitcoin over the past six months.
Bitcoin’s price action is balancing between bullish momentum and market resistance. Despite a rejection lately, Bitcoin has preserved its bullish trend, showing resilience amid market pressures.
Bitcoin has tumbled rather sharply in recent weeks, currently trading at around $64,000. Still, analysts at Bernstein remain super bullish on where the world’s largest cryptocurrency by market cap is headed over the next 18 months.
Bitcoin is back above $71,000 and currently sits at $71,346. Sentiment has once again flipped bullish, with growing anticipation that Bitcoin might finally be preparing to break through $73,000 and push on to new highs.
Hashrate forwards signal bullish sentiment as analysts predict higher hashprice in the next 6 months, buoyed by Bitcoin’s $70,000 rally despite challenges. Hashrate futures contracts traders seem optimistic about Bitcoin‘s near-term prospects, with indications pointing towards a bullish sentiment as…
Bitcoin has an HTF bullish outlook, but the current retracement could go deeper.
The ETF inflows temporarily buoyed bullish spirits.
Bitcoin [BTC] turned bearish on the lower timeframe priceThe post Will Bitcoin sink towards $50k? THIS signals more losses appeared first on AMBCrypto.
According to crypto analysts and traders, Bitcoin’s bullish trend is likely to persist as long as certain key technical structures remain intact. One trader known as “Mags” on X (@thescalpingpro) argues that the current consolidation above Bitcoin’s all-time high is a bullish sign, suggesting a potential continuation of the upward momentum.
The direction of where the Bitcoin price could be headed next has been a bone of contention among industry players. Numerous forecasts have been made for the pioneer cryptocurrency, but one crypto analyst maintains that Bitcoin continues to be bullish even through its current choppy movements.
The cryptocurrency sector is optimistic as Bitcoin (BTC) maintains beyond the $50K level. Some believe market conditions might weaken soon, impacting government assets negatively and possibly triggering bullish price movements in the digital coins marketplace.
Bitcoin was up 12.61% in the last seven days.
Bitcoin's supply on exchanges dipped sharply over the week, suggesting strong accumulation.
Bullish momentum was back into the Bitcoin [BTC] marThe post Bitcoin turns bullish: Is it decoupling from the altcoins? appeared first on AMBCrypto.
Bitcoin's journey aligns with previous cycles, projecting a bull run peak by October 2025. The expected spot Bitcoin ETF could play a crucial role in this trend.
The post Why Bitcoin Still Has Another 700 Days of Bullish Momentum appeared first on BeInCrypto.
As the spot ETF narrative hogs the limelight, the U.S. Treasury's recent decision to slow the pace of bond sales and worsening economic and geopolitical issues silently strengthen the bullish case in bitcoin.
Bitcoin (BTC) price continued its bullish trend in the overnight session after the Federal Reserve decided to leave interest rates unchanged. While the bank left the door for another rate hike wide open, most analysts believe that a prolonged pause followed by a cut will happen.
Bitcoin has been in a sharp downtrend in recent weeks but host of the “Wolf of All Street” podcast is convinced that the digital asset is still in a bullish market. Melker does not see a new low in Bitcoin ahead Scott Melker attributes the recent decline in BTC to a “long squeeze”.
The ongoing regime of accumulation among Bitcoin HODLers, characterized by a consistent absorption of coins at a rate of +27. 1K BTC per month since July 2021, suggests a bullish sentiment in the market.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Finally, Bitcoin [BTC] inflicted a bullish bThe post This will follow Bitcoin's bullish breakout appeared first on AMBCrypto.
Data shows the Bitcoin funding rates on the cryptocurrency exchange BitMEX have turned quite negative recently. Here’s why this may be bullish. Bitcoin Funding Rates On BitMEX Have Plunged To Deep Red Values As pointed out by an analyst in a CryptoQuant post, BTC felt a bullish boost the last time this pattern was observed.
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021.
Bloomberg’s latest crypto outlook report spoke about Bitcoin in a rather optimistic tone.
Mike McGlone, the Senior commodity strategist at Bloomberg Intelligence, believes that the remainder ofThe post 'We see propensity resuming for Bitcoin'- Here's why this analyst is bullish appeared first on AMBCrypto.
The Bitcoin Dominance Rate (BTCD) is expected to break out from a bullish pattern. However, the long-term trend remains bearish.
The post Bitcoin Dominance Rate (BTCD) Approaches End of Bullish Pattern appeared first on BeInCrypto.
Bitcoin has so far been very sensitive to any decisions coming from the Federal Reserve, experiencing massive sell-offs in an aggressive reaction to inflation.
The post How Bitcoin’s recent sensitivity to interest rate hikes could be bullish appeared first on CryptoSlate.
Things are looking dark across the cryptocurrency market, especially for Bitcoin. But a potential reversal pattern called Morning Star could bring a return to the bullish narrative faster than the speed of light.
Key takeaways JPMorgan is more bullish on Ethereum than Bitcoin. The stance is guided by the many use cases of Ether that are bound to give it an edge over Bitcoin when interest rates and bond yields increase.
Today, the talk across the crypto market is that Bitcoin price is forming a Golden Cross – a potentially bullish signal according to conventional knowledge. But this is the cryptocurrency market, and anything is possible given the potential for sudden, sweeping regulation, hacks, or worse.
There has been a great deal of talk about Ether’s ability to surpass Bitcoin as the biggest and most valuable cryptocurrency. While Bitcoin remains atop the rankings, for now, British banking giant Standard Chartered has joined the ranks of financial institutions to post bullish predictions for the leading altcoin.
Bitcoin’s breakout is “coinciding with the biggest increase in development activity,” while OI for Ether futures on CME has hit a new peak and has been on an uptrend since July 20.
The post Bitcoin Surges Past k on Low Funding But Institutional Investors Are More Bullish on Ethereum first appeared on BitcoinExchangeGuide.
While selling pressure has evidently continued to drop for Bitcoin over the past couple of weeks, BTC has hardly picked up any pace in the markets. It remained under $34,000 at press time and hasn't bThe post How dropping down to $24,000 could be bullish for Bitcoin appeared first on AMBCrypto.
Even as the bitcoin market shows signs of bullish exhaustion after logging a 1,500-percent-plus upside move in the previous 13 months, all is not lost. Investors with a long-term growth outlook still want to hold onto the flagship digital asset, iterating their expansive bullish stance on it.
Bitcoin is wobbling in a critical support zone. New indicators are bullish and point to a continuation in the rally. Moskovski Capital CIO Lex Moskovski shared data from Glassnode showing that a trend in Bitcoin miners has reversed.
Bitcoin mining, while a largely profitable venture for mining companies and individuals, can cause plenty of problems. The rise of crypto mining can raise rates, weaken grids, and even cause power blackouts in certain countries like Thailand, Venezuela, and Kazakhstan.
Аналитики компании Matrixport заявили, что опубликованный ими в феврале прогноз о достижении биткоином $70 000 до конца 2024 года оказался слишком консервативным. Стоимость актива может превысить отметку уже в ноябре, отметили эксперты.
The price action happened as Iran's leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.
The public roll out of the Digital Rial pilot program will start in Kish Island. The public rollout of the CBDC’s pilot program aims to test efficiency in transactions, enhancing payment security.
Iran’s central bank is set to launch a pilot for its digital rial enabling cashless transactions for banking customers. The Central Bank of Iran (CBI), also known as Bank Markazi, has announced the operational phase of its digital currency known…
Iran’s cryptocurrency mining sector is under fire as United States Senators Elizabeth Warren and Angus King believes its a threat to national security. According to a letter to National Security Advisor Jake Sullivan, Defense Secretary Lloyd Austin and Treasury Secretary Janet Yellen, sent on May 1,…
Источники издания Hash Telegraph сообщают, что американская компания Tether активно пополняет черный список кошельков и блокирует пользователям доступ к стейблкоинам USDT.