Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.
Bitcoin's recent ascent to a two-month high of $66,500 on September 27 has been followed by a notable decline. Over the past three trading days, the cryptocurrency has dropped approximately 7%.
Bitcoin's price action has been frustrating of late, but the odds of a breakout to $100,000 are increasing dramatically. The FTX repayment, IBIT options approval, and institutional adoption are some bullish catalysts that should drive Bitcoin much higher in 2025.
This digital asset trades meaningfully below its peak price.
BlackRock's recent endorsement of Bitcoin highlights the cryptocurrency's potential to grow for years to come.
Despite recent stagnation, Bitcoin remains a strong buy driven by cyclical catalysts and its unmatched long-term potential.
Cathie Wood and Ark Invest believe cryptocurrency has the potential to completely change the global monetary system. They also think the industry will be governed by power law dynamics, meaning only a few winners will emerge.
Cathie Wood, head of Ark Invest, has made bold predictions about Bitcoin's future, setting a best-case target of $3.8 million by 2030. Major firms like BlackRock and Goldman Sachs have started incorporating Bitcoin into their portfolios, and this trend is accelerating with the approval of spot Bitcoin ETFs.
While Nvidia has outperformed Bitcoin during the past two years, the long-term upside potential of Bitcoin could be much higher. Some forecasters think Bitcoin could hit $1 million by 2030 and $13 million by 2045.
After hitting a new all-time high in March, Bitcoin is down nearly 20%. Investor inflows into the new spot Bitcoin ETFs appear to be picking up again after a brief lull in August.
Which is the better investment, Bitcoin or Ethereum? Two crypto investment experts debate the merits of each.
Countless well-known investors are betting heavily on cryptocurrencies. Billionaires are targeting two cryptocurrencies in particular.