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Fundstrat Global, a favorite research firm in the cryptosphere with Wall Street-street cred, is once again providing eye-popping bitcoin (BTC) predictions. This time analysis depends largely on what’s known as the mining economy. Hash power and hardware advancement all combine to show a possible $36,000 BTC price by the end of next year, they claim. […]
The post Bitcoin Moons to $36,000 by End of 2019 According to Fundstrat appeared first on Bitcoin News.
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When Fundstrat Global speaks, the crypto world listens. In recent months it has been a steady font of good news for the ecosystem, with five figure price calls to predicting a very bright future, a crypto future. Resident guru Thomas Lee more-or-less foretold the current after tax season spike in prices when many others were […]
The post Bitcoin’s Near Term Fortunes: “Inflows of Big Money,” New Indices Emerge appeared first on Bitcoin News.
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Bitcoin in Brief continues with the second day this week of mostly FOMO news. The biggest economy in the world faces the tax man today, as the United States and its crypto enthusiasts must atone for the sin of last year’s gains. Economists and market bulls are insisting that this fact caused dramatic sell offs, […]
The post Bitcoin in Brief Tuesday: The Tax Man Effect appeared first on Bitcoin News.
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Tax season in the U.S. is here, and many citizens who use or hold cryptocurrencies are clamoring around trying to figure out how to file their capital gains taxes. According to reports from Fundstrat’s analyst Tom Lee, cryptocurrencies represent roughly 20 percent of last years U.S. capital gains. Also Read: Emin Gün Sirer Discusses Cryptocurrency Academics […]
The post Tax Paying Americans Owe $25 Billion in Cryptocurrency appeared first on Bitcoin News.
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Bitcoin has endured another small slump. After spending nearly 24 hours at $7,100, bitcoin’s price has dropped by $200 and now stands at $6,900. This has become something of a routine over the past two weeks. Bitcoin jumps a bit, then falls a bit. While nothing huge appears to be happening, bitcoin resistance levels seem stronger when compared to just three years ago. Previously, Thomas Lee of Fundstrat fame claimed that bitcoin mining was no longer profitable, and that miners were simply “breaking even” between what they were spending to extract coins and what they were officially earning. That, however,Powered by WPeMatico
With western Christianity set to celebrate the basis of its theology this weekend, bitcoiners the world over might be showing up to churches in droves, hoping one resurrection might lead to another. The ecosystem’s main prophet, Tom Lee of Fundstrat Global Advisors, has outlined four reasons why enthusiasts ought to be bullish on the future: […]
The post Not Dead: There’s Good Reason to Be Long on Bitcoin appeared first on Bitcoin News.
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According to a study conducted by Wall Street analyst, Tom Lee’s agency, Fundstrat, BTC prices below the $8K range make it awfully difficult for miners to gain revenue. Lee details that at a global average rate of six cents per kilowatt-hour, some BTC miners are either breaking even right now or mining the cryptocurrency at […]
The post BTC Prices Below $8K Could Spell Disaster for Bitcoin Miners appeared first on Bitcoin News.
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The price of bitcoin fell in dramatic fashion yesterday following Google’s announcement that it would no longer support cryptocurrency and ICO-related ads. Prior, bitcoin had been trading for approximately $9,100, though following the search engine’s sudden decision, the price fell nearly $1,000 (eight percent), and it has been hovering at $8,200 ever since. For the most part, bitcoin is managing to hold its ground despite several resisting factors. Per Coindesk data, the asset fell to a new low of $7,676 late last night (the lowest it’s been since February), but it has since experienced a near $600-rise to place itPowered by WPeMatico
This week the Wall Street analyst and Fundstrat executive, Tom Lee, has revealed a new index that helps cryptocurrency investors know the right time to buy BTC. The indicator is called the ‘Bitcoin Misery Index’ that calculates multiple market factors. Also read: Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US? The ‘Bitcoin […]
The post The Bitcoin Misery Index: Finding An Entry Way With Sadness appeared first on Bitcoin News.
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