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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

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    Best Crypto Exchange Affiliate Programs in 2023

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    What does Crypto Index fund Means and How to Invest?

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

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    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

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    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

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    XRP Whales Accumulate Massive Tokens

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    Solana Rally Could Gather Pace above $30

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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K

    Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

    Ethereum Price Holds Ground And Sees Fresh Rally, Bulls Are Not Done Yet

    Bitcoin Price Consolidates In Key Range, What Could Trigger Next Move

    Bitcoin Price Holds Key Support But The Bulls Seem To Be Losing Steam

    Ethereum Price Offers Trade Opportunities After Recent Bullish Breakout

    Ethereum Price Another Rejection Signals Risk of Bearish Reaction

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Polygon (MATIC) Surges Nearly 10% As zkEVM Network Update Draws Near

    Rallies 10%, Polygon Bulls Aim Big

    Rallies 10%, Polygon Bulls Aim Big

    XRP Whales Accumulate Massive Tokens

    XRP Whales Accumulate Massive Tokens

    Solana Rally Could Gather Pace above $30

    Solana Rally Could Gather Pace above $30

    BNB Price Rebounds Toward $250 But Risk of Drop To $200 Still Exists

    Ethereum Price Drops 6% and Signals Risk of Trend Change Below This Support

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    Mocaverse Reveals Moca NFTs and Experience System

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    Imposters Beta Playtest – Play to Earn

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    Spider Tanks Game Update and Gen2 Tanks

    Immutable Announces Partnership with Polygon

    Immutable Announces Partnership with Polygon

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Fidelity’s Director Expects Further Gains for Bitcoin (BTC) Comparing It to 1970s Gold Rally

2021-10-23
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Fidelity’s Director Expects Further Gains for Bitcoin (BTC) Comparing It to 1970s Gold Rally
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After hitting an all-time excessive of $67,000 earlier this week, Bitcoin has retraced almost 10% and is buying and selling near $61,000 ranges as of press time. Whereas Bitcoin retracements should not new, markets analysts proceed to consider within the Bitcoin story.

Constancy’s director of World Macros, Jurrien Timmer, predicts that the BTC value will proceed to inch increased based mostly on the demand and provide fashions.

Bitcoin made a brand new all-time excessive of $66,000 on Wednesday. The chart under exhibits that each my provide and demand fashions proceed to level to increased costs. (THREAD) pic.twitter.com/6q1mwpbsCh

— Jurrien Timmer (@TimmerFidelity) October 22, 2021

Talking to CNBC earlier this week, Timmer mentioned that the BTC value may attain $100K by 2023. In fact, Timmer doesn’t anticipate the BTC value to go straight as much as $100K and he provides that there may very well be some pullbacks in the best way. Thus, by additional evaluating it to the Gold value rally of the Nineteen Seventies, he provides:

With the analog of gold in the course of the Nineteen Seventies in thoughts, it wouldn’t shock me to see a surge, adopted by a correction. That may be similar to bitcoin’s earlier increase/bust cycles and it could be probably the most non-linear factor it could actually do.

Throughout his CNBC interview earlier this week, Timmer said: “Bitcoin is a extra convex model of gold. It has an ever scarcer provide and gold doesn’t have the community dynamics that bitcoin does, so it is sensible that bitcoin would outperform gold. Bitcoin and gold are two completely different gamers on the identical workforce.”

Not A Hypothesis-Pushed Rally

Commenting on the latest BTC value actually, Timmer mentioned that this isn’t only a speculation-driven however quite a extra sustainable one. He added:

“This has not been a momentum-fueled run by short-term speculators, so that provides me some confidence that this truly is a reasonably sustainable transfer and isn’t a bubble that’s about to burst”.

Constancy has been engaged with creating an infrastructure round Bitcoin. Moreover, it has additionally held energetic discussions with the regulators in creating a correct regulatory framework round Bitcoin and its by-product merchandise. However Timmer just isn’t alone to foretell a mega bull run for BTC going forward. On Friday, October 22, crypto analyst Lark Davis mentioned that the following six months will likely be a loopy experience for Bitcoin.

The following 6 months / 9 years in #bitcoin and #crypto will most likely be mega loopy! Lots of you’ll have the possibility to fully change your monetary future.

This is a information on how NOT to screw it up 👇

— Lark Davis (@TheCryptoLark) October 22, 2021



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