Litecoin’s Charlie Lee says signing a message with genesis key is the only way to authenticate Nakamoto’s true identity

Over the years, Bitcoin has grabbed the attention of crypto Twitter repeatedly, with BTC always being a trending topic, yet the identity of its founder is surrounded by a cloud of mystery. Recently, crypto community’s attention was caught by yet another person claiming to be the “real Satoshi Nakamoto”. The news went viral on Twitter […]
Source: bitcoinwarrior
Litecoin’s Charlie Lee says signing a message with genesis key is the only way to authenticate Nakamoto’s true identity

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Source: cointelegraph
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Top-5 Crypto Performers: LINK, LEO, BCH, ETC, BSV, OKB*

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Source: cointelegraph
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Crypto Analyst: Bitcoin Should Hit $28,000 Within a Year

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Source: bitcoinwarrior
Crypto Analyst: Bitcoin Should Hit ,000 Within a Year

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US Lawmakers to Visit Switzerland to Discuss Crypto, Facebook’s Libra

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Source: cointelegraph
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Australian retirees should diversify their investments – says Tax Office

Nearly 20,000 Self-managed super funds were issued warnings by the Australian Tax Office that they were concentrating their retirement fund resources too much into one single asset. to Australian law, every type of investment is acceptable for retirement funds as long as there is a disparity in the portfolio. What this means is that […]
Source: bitcoinwarrior
Australian retirees should diversify their investments – says Tax Office

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See Which Altcoins Outperformed Bitcoin (BTC) in 2019 – Investing.com

See Which Altcoins Outperformed Bitcoin (BTC) in 2019  Investing.comBitcoin (BTC) started the year just $3,700 and in August, a volatile second quarter, climbed to around $11,300. The roughly 300% growth turned out …
Source: worldnewsoffice
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Bitcoin Price Will Go From $20,000 to $50,000 by 2021: Analyst

bitcoin price will fly to usd 50000

Economist and crypto analyst Alex Krüger believes that $20,000 won’t be the all-time high (ATH) bitcoin price for much longer.


Expect Bitcoin Price to Hit $50,000

In a Twitter thread published on Saturday (August 17, 2019), Krüger outlined his argument for the bitcoin price going as high as $50,000 by 2021 at the latest.

to Krüger, there is a far greater weight of positive driving factors than any negative headwinds that could adversely impact the bitcoin price trajectory.

An excerpt from the thread reads:

Bigger picture, the upside is IMO considerably larger than the downside. Think $BTC will eventually break through $20K, in 2020 or 2021, and once it does, it should trade $30K, $40K and $50K fast. Must be long for when that happens, and enjoy the ride as others FOMO in.

Currently, the bitcoin price is under resistance in the region the mid-$10,000 level. thus, the top-ranked crypto has appeared range bound between $9,000 and $12,000.

bitcoin price

Possible Drawdown to $8,500

Krüger addressed the debate a possible bitcoin price slide to $8,500 — the midway point of the current 2019 performance. Some commentators point to the unfilled CME futures gap at this price level as an indication of a likely retracement.

For Krüger, filing the CME gaps isn’t a given pointing to the absence of significant support or resistance as such price levels. Furthermore, the focus on unfilled gaps often takes away from the non-stop trading activities occurring in the spot market.

However, if bitcoin falls below $9,000 there is every likelihood of a steep fall to this $8,500 price mark. According to Krüger, any further downward slide should be taken as a “gift” — a buying opportunity in preparation to a slingshot advance beyond the current 2019 high.

Headwinds for New BTC Price ATH

While the signs appear bullish for bitcoin in the long-term, Krüger believes that there are significant headwinds for BTC.

The profitability for miners remains high as long as the bitcoin price performance remains positive. Thus, it wouldn’t be unusual for miners to “hodl” not just only profits but revenue to be plugged in to cover the cost of running nodes.

However, this profitability encourages the influx of more miners which in turn raises the hash rate and by extension difficulty. More miners in a bull market often mean lower profit margins so participants aren’t “hodling” as much as before.

Do you think the bitcoin price will reach a new ATH before the end of 2019? Let us know in the comments below.


Images via Twitter @krugermacro and Tradingview.

The post Bitcoin Price Will Go From $20,000 to $50,000 by 2021: Analyst appeared first on Bitcoinist.com.


Source: bitcoinist
Bitcoin Price Will Go From ,000 to ,000 by 2021: Analyst

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Breaking: Bakkt Platform Receives All Approvals, CEO Announces Launch Date

The much anticipated Bitcoin Futures Platform, Bakkt has finally been confirmed for launch.  a delay of approx. nine months the Bakkt Platform is finally set for launch. to a recent post from the CEO of Bakkt, Kelly Loeffler, That vision will be realized on September 23 when Bakkt launches custody and physically-delivered daily and monthly […]
Source: bitcoinwarrior
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