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Michael van de Poppet, a trader at the Amsterdam Stock Exchange, believes bitcoin will appreciate in the long term. In his opinion, the key price levels that the cryptocurrency may overcome in the foreseeable future are $53,000 and $63,000. If we talk about a short-term correction, the expert believes that investors will actively buy the cryptocurrency No 1, if it will be in the price range of 47.5 to 48.4 thousand dollars. If cryptocurrency No 1 is still able to go below $47,500, then Bitcoin will then test the “bottom” around $ 38,000. The trader also has a positive attitude towards Ethereum. According to his estimates, the altcoin could potentially be within $ 4,000 to $ 5,000 as early as this summer. Cryptoquant data on crypto exchanges’ reserves show that the flow of bitcoins to trading platforms has now decreased by almost half compared to the level of early February. This suggests that there is not a big trend among investors to fix profits, even despite the fact that at the end of February 18 bitcoin once again updated the historical high, rising to 52.547 thousand dollars. Former White House Communications Director Anthony Scaramucci joined the optimists about bitcoin. Speaking on CNBC he said that “I look to the future and see a good chance that bitcoin will be able to beat the $100,000 level by the end of this year. Billionaire Tim Draper points out that bitcoin’s capitalization has already reached one trillion dollars and believes it will continue to grow.

Rafael SchulzeKraft, who pioneered the research company Glassnode, shared an important finding: the real bitcoin supply  is plummeting. According to his data, since 2017, the number of unavailable to buy and sell such digital assets has grown faster than the amount of available liquid assets of this type, even though miners were mining first 1,800 bitcoins each day and then 900 bitcoins each day, as they are now.Speaking about the current situation, the analyst estimated that there are about 3 million bitcoins, which he categorized as “highly liquid.” There is also a notional reserve of such assets in the market in the amount of another one million bitcoins, but 14.5 million bitcoins represent assets that are not available for purchase and sale. SchulzeKraft writes that “along with the demand that companies like MicroStrategy, Square, Tesla, and Grayscale have for bitcoins, this supply situation for this digital asset works in favor of its rising price.” Indeed, investors such as MicroStrategy, Square and Grayscale are not just investing in bitcoins, but demonstrating a desire to continue to invest in such digital assets. Collectively, all institutional investors now account for $67 billion invested in bitcoin. Michael Saylor, head of MicroStrategy, commenting on the bitcoin’s return beyond the $50,000 level that was seen on February 25, said that the total market capitalization of cryptocurrencies in the future could reach $100 trillion from the current $1.5 trillion. Jiles Coghlan, a senior market analyst at HYCM, believes that there is a good chance that during a possible correction, the price of bitcoin will not go below the $40,000 level. At the same time, he believes that some altcoins have a chance to outpace bitcoin’s growth rate, at least in the short run. Indeed, other digital assets are now also feeling the influx of investor funds, and bitcoin’s level of market dominance (61.3%) is now noticeably lower than in December 2017.

Wall Street companies are among the active participants in the cryptosphere. Number of investors in cryptocurrencies is extremely growing every day. According to Crypto.com, at the end of January this year, the number of investors in cryptocurrencies grew by almost…

Bitcoin is renewing its all-time high, trading above the $49,000 level early on February 15. At the same time, about half of digital assets in the altcoins market are losing value. Why is this happening, and why isn’t it about…

Morgan Stanley, one of the world’s largest investment firms, is considering buying bitcoins as an investment asset. Following in the footsteps of Microstrategy and GrayscaleCounterpoint Global, a unit of Morgan Stanley Investment Management that manages about $150 billion in investments,…

The oldest financial institution in the U.S. will offer custody services for institutional cryptocurrency holders. The Bank of New York Mellon, the oldest bank in the United States, will begin offering depository services for cryptocurrencies. This was reported by The…

Raj Damodaran, vice president of MasterCard, explained how the corporation views cryptocurrencies. The organization does not intend to campaign either “for” or “against” the use of cryptocurrencies by its clients, but notes that digital assets have become a reality for…

WSB’s private investors intend to see AMC Entertainment stock rise to $150 to $200 per unit. In doing so, the key is the ability of stock buyers not to dump the stock as soon as the rate starts to rise.…

Cathy Wood, founder of investment firm ARK Investment, believes the bitcoin phenomenon is much bigger in terms of importance than Apple or Amazon. She sees great financial potential in the No. 1 cryptocurrency, noting its “fully decentralized nature.” Bitcoin has…