Analysts: Bitcoin to $110K Still on Track, But Could See Dip Below $40K First
Bitcoin (BTC)'s price is on a trajectory to hit $110,000 by 2025 based on technical patterns, according to crypto analysts.
Bitcoin (BTC)'s price is on a trajectory to hit $110,000 by 2025 based on technical patterns, according to crypto analysts.
Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years. "Clearly, I wasn't being bullish enough," Hougan, CEO of crypto firm Bitwise Investments, reflected wryly.
"This is a show," Tigran Gambaryan says in the video. "I'm a f*cking innocent person."
The Indian crypto exchange was hacked for over $230 million in July, and a restructuring process is underway in Singapore.
South Korea's central bank said on Tuesday that consumer inflation was expected to maintain the current stable trend for the time being. The Bank of Korea said inflation was stabilising more quickly than in other major economies, in a statement released after data showed inflation reached the central bank's target in August.
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The financials, filed in the British Virgin Islands, show revenue of only $342 million and a net loss of $259 million in 2023.