Bitcoin continues to fight its way to the old all-time high. Will you hit $ 100,000 later this year?
Bitcoin is still on the way back to old strength. After the digital store of value was already quoted at over 57,000 US dollars on Monday, a relapse into the area of the 54,000 USD mark followed on Tuesday evening. However, the short-term consolidation was now able to overcome the cryptocurrency and can increase again by 4.6 percent compared to yesterday’s trading day. Bitcoin is trading at $ 57,793 at press time. In the early hours of the morning, BTC was already trading at $ 58,382, a new record since the flash crash in mid-May.
BTC-ECHO analyst Stefan Lübeck believes that it is likely that the flagship of cryptocurrencies could soon reach the regions of its all-time high. The decisive factor is to break the resistance at the 58,000 mark. Then Bitcoin could initially take the 60,000 position before the digital store of value could set out to recapture the old all-time high of 64,863 US dollars. At the time of going to press, the crypto currency is currently just under 10 percent away from the record rate.
There is also a positive picture in the altcoin sector this Thursday morning. Among the ten most valuable cryptocurrencies, all coins, without exception, recorded a price gain of between 3 and 6 percent. However, the day’s winner is polkadot. The Ethereum competitor can make up a full 20 percent overnight. The pump goes hand in hand with a statement from the development team. In it, the developers announced that after five years of development, the time has now come when the long-awaited parachains will finally work. The first five should go live on November 11th.
Larry Fink and Jamie Dimon: “Bitcoin is worthless”
One of the most important questions that the crypto space is currently asking is the following: Will Bitcoin manage to reach six figures this year and thus break the magic mark of 100,000 US dollars? There is a wide gap between opinions. On the one hand: crypto supporters like Mike Novogratz or Michael Saylor, who believe that the crypto currency will do such a rally. On the other hand, skeptics like JPMorgan CEO Jamie Dimon. He told CNBC on Monday that Bitcoin was “worthless” and gold for “fools”. Nevertheless, he could not prevent investors wanting to invest in the asset class.
Now BlackRock CEO Larry Fink joined the discourse. For the founder of the largest asset manager in the world, the current situation is actually not that clear-cut. “Bitcoin could go towards 80K or fall back to zero. I don’t know, ”said Fink in an interview CNBC. When asked which of the two camps he felt more like, the 68-year-old assigned himself to the “Dimon” team. At the same time, however, the BlackRock CEO also saw the need for a “digitized currency”. Fink did not reveal whether it was a crypto currency, a private currency like Diem or even digital central bank money.