That’s Larry Fink, chief executive at BlackRock Inc., the world’s largest asset manager, who says that bitcoin could reach $700,000 if more funds consider adding a 2% to 5% allocation into the crypto.
The price of Bitcoin soared 119% in 2024, and the bulls have been out in full force, making predictions about where the cryptocurrency is headed.
Market analysts see higher floors as enthusiasm for digital assets surges despite uncertain economic indicators.
Goldman Sachs CEO labels Bitcoin as a speculative asset, rejecting its threat to the US dollar's dominance amidst regulatory constraints.
Michael Saylor’s Bitcoin strategy has attracted plenty of fanfare. Basically, MicroStrategy (NASDAAQ:MSTR) borrows money to buy more Bitcoin. The publicly-traded corporation currently owns about 2% of the world’s total Bitcoin supply,
So for Bitcoin to continue to climb and eventually hit $200,000, more people need to buy. Roughly 106 million people hold Bitcoin worldwide, including about 22% of the adult population of the U.S. Billions of people haven't purchased any yet.
Bitcoin, the world's largest cryptocurrency, approached the previous session's record high on Tuesday in choppy trading as the top U.S. markets regulator unveiled a plan to overhaul rules for the sector.
The newly launched $trump and U.S. first lady Melania Trump's $melania memecoins have each plummeted as traders cash
As billions of dollars flow into bitcoin, financial companies need low-risk bitcoin custody solutions. Multi-institution custody is emerging to meet this need.
Christopher McMahon, CEO of Aquinas Wealth Advisors and author of “Faithful Finances”, spoke with Quartz for the latest installment of our “Smart Investing” video series.