Bitcoin: Analyst Predicts Eye-Popping Price Targets
The recent uptick in Bitcoin's price suggests a slow but steady approach towards its all-time high, according to DER AKTIONÄR. Brian Dixon, CEO of OTC Capital, believes that the rally is far from over. His models indicate that Bitcoin should be valued at around $136,000 today based on trendline analysis and stock-to-flow metrics. He predicts that within 12 to 18 months, Bitcoin could reach anywhere between $500,000 and one million dollars.
Dixon acknowledges these figures may sound ludicrous but argues that if not for the FTX debacle last cycle, the stock-to-flow model would have hit $100k or more. The excessive money printing by central banks contributes to this bullish outlook as it devalues currency over time, leading people to switch systems—potentially favoring cryptocurrencies like Bitcoin.
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Social Risks and Environmental Impact of Bitcoins Under Scrutiny
An article discussing the environmental damages and social risks associated with Bitcoin was found empty from Tagesspiegel Background, hence no content can be reported.
A Monument By Lake Zug: A Tale Of A Crypto Millionaire
Niklas Nikolajsen has made his mark on Lake Zug by purchasing and renovating the St. Karlshof—a historical estate—in an extravagant English style, with the renovation costing about CHF 70 million as reported by SRF – Schweizer Radio und Fernsehen. An early believer in Bitcoin and founder of Switzerland’s first crypto trading company, 'Bitcoin Suisse', Nikolajsen has amassed a fortune estimated at CHF 250 million.
Beyond showcasing his luxurious home, which he partially opens up for public access including a chapel, he also indulges in military history, owning a WWII US tank to symbolize remembrance rather than glorification of war. Despite rumors suggesting financial strain and a forced sale of parts of his property, Nikolajsen clarifies that only three apartments are up for sale, while he remains rooted there with family investments—including millions held in cryptocurrencies—as long as the value holds strong.
Hedge Funds Betting Big on This Cryptocurrency Stock Over Bitcoin?
Börse Online reports that hedge funds seem keener on cryptocurrency stocks than on the actual digital currencies themselves, despite their market lag behind the surging Bitcoin prices (Börse Online). One such mining company saw its hash rate quintuple last year alongside reduced energy costs thanks largely to renewable energy sources, resulting in cheaper production per Bitcoin mined compared to industry average—an attractive proposition. With April's halving event potentially threatening miners' profitability, yet historically linked to post-event price hikes, investors are betting big, expecting share values to double soon even amidst uncertainties surrounding upcoming spot ETF launches, plus the halving itself set to shake things up further.
DZ Bank Highlights Altcoins as Noteworthy Contenders to Watch Beside Dominant Bitcoin
In light of Bitcoin reaching new highs above $73k recently, DZ Bank analysts via wallstreet: online turn attention towards altcoins challenging the dominant player - though none have so far managed to dethrone the kingpin, thus maintaining overall supremacy across the cryptosphere (wallstreet: online).
Elliott Wave Analysis Forecasts Potential High for BITCOIN *To da moon*
Elliott wave patterns suggest significant potential highs for BTC, according to experts featured within the stock3 Börsennews’ latest video analysis titled "BITCOIN *To da moon* - Das Hoch ist da". These technical indicators are often used to predict future pricing movements, providing traders with insights into possible trends they might capitalize upon when considering investment decisions related to cryptocurrency markets. (Source:
André Tiedje, ("EW Video Analyse") )
