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Do you Bitcoin?
Do you Bitcoin?
https://www.businessinsider.in/investment/news/do-you-bitcoin/slidelist/87364137.cms
2021-10-29T17:32:42+05:30
2021-10-29T16:06:32+05:30
Do you Bitcoin?
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BI India Bureau
Oct 29, 2021, 17:32 IST
Bitcoin is the largest cryptocurrency in the crypto universe with a market cap $1.1 trillion.
Bull investors are hoping that Bitcoin will reach anywhere further all-time-highs before the year ends with estimates ranging from $80,000 to $168,000.
Come dive into the complexities of the crypto world with Business Insider in a new monthly comic strip we like to call 'Bitter Coin'.
Bitcoin hit an
all-time-high
of over $67,000 earlier this month. However, the rollercoaster continued with the world’s largest cryptocurrency — with a market cap of $1.1 trillion — dipping to below $60,000 as investors booked profits and then rising back up again as the market course corrected.
Investors and analysts believe that the ride is
far from over
. Billionaires like Tim Draper are betting on Bitcoin hitting at least $100,000 this year while blockchain analysis firm Fundstrat believes that the
cryptocurrency
could even breach $168,000.
The reasons behind why Bitcoin is thriving range from El Salvador’s move to give it the status of
legal tender
to investors merely
looking for a reliable asset
to plant their money in times of rising inflation.
No one (crypto) coin
has a definitive lead in the market but Bitcoin is definitely the crowd favorite as things stand.
Here’s the third story in a series that we like to ‘Bitter Coin’:
In case you missed it, you can read the
first
and the
second
part of the series by clicking on the links provided.
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Why do you Bitcoin?
BI India Bureau
Why do you Bitcoin?
Why do you Bitcoin?
The Leprechaun says...
BI India Bureau
The Leprechaun says...
The Leprechaun says...
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El Salvador says...
BI India Bureau
El Salvador says...
El Salvador says...
Elon Musk says...
BI India Bureau
Elon Musk says...
Elon Musk says...
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Batman says...
BI India Bureau
Batman says...
Batman says...
The largest hub of Bitcoin mining says...
BI India Bureau
The largest hub of Bitcoin mining says...
The largest hub of Bitcoin mining says...
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What is Beeple doing here?
BI India Bureau
What is Beeple doing here?
What is Beeple doing here?
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The ‘metaverse’ may change the way you earn money...
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