The price of the bitcoin (BTC) cryptocurrency will exceed the $600 thousand mark. This opinion was expressed by the experts of Capriole Investments. They noted that the next decade could be as successful for the flagship digital currency as the 1970s were for gold.
According to experts from the research firm Glassnode, the number of wallets storing more than 1 bitcoin (BTC) cryptocurrency coin has reached its historical maximum. According to analysts, the number of such addresses was fixed at 977.75 thousand.
On Christmas Eve, the Parliament of the Republic of Fiji elected a politician who advocates creating a favorable atmosphere for the crypto industry as the country's prime minister.
Cryptocurrency expert Daan Crypto wrote in his last tweet that January, as a rule, cannot be called the "best month" for bitcoin. He backed up his claim with data showing that negative returns have occurred in 60% of cases since 2013.
The founder and CEO of the analytical firm Messari said that both fundamental and technical analysis indicate the growth of bitcoin in the medium term.
Ryan Selkis emphasized in an interview that the MVRV (Market Value to Realized Value) coefficient indicates the beginning of the bitcoin accumulation phase. According to the analyst, most likely, the phase will last for quite a long time, but then the price of the first cryptocurrency will begin to grow.
On Thursday, December 29, well-known cryptocurrency critic Peter Schiff gave an interview to TD Ameritrade Network. The expert urged users to sell their bitcoins, buying physical gold in return. He noted that investors can still get about $17,000 for their "useless bitcoin" and spend the funds to buy precious metals.
Bitcoin volatility is now at a two-year low due to the inaction of most traders.
On Friday night, the BTC rate sank to $16,607, the cryptocurrency has been trading in a narrow range since mid-December.
Despite the significant drop in the cryptocurrency market, SkyBridge Capital CEO Anthony Scaramucci noted that bitcoin has performed better than the shares of many technology companies.
What happened? The Stacks blockchain project team has published a technical document showing how a new digital asset called Stacks bitcoin (sBTC) can be used to make bitcoin fully programmable. Unlike the Ethereum or Solana networks, the simpler Bitcoin scripting language limits the capabilities of developers. Stacks wants to overcome these limitations by introducing a new 1:1 BTC-linked digital asset that can be used to create smart contracts on the platform, and also easily converted back to BTC.
Nobel laureate in economics Paul Krugman compared the bitcoin cryptocurrency with shares of the electric car manufacturer Tesla.
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