Tags : Long

Market

Michael Casey: Bitcoin’s Long Road to Gold

I won’t do that again. Money Reimagined goes on break for three weeks, and what happens?  Bitcoin soars 82%. More than 54,000 Americans die of COVID-19. And, oh yeah, an insurrection happens in Washington, D.C. On the second, the numbers speak for themselves: a heartbreaking failure of human organization. On the third, I’m too gobsmacked […]Read More

Market

JPMorgan Predicts Bitcoin Price Could Rise Over $146,000 in Long

Investment banking giant JPMorgan has called a long-term bitcoin price target of over $146,000 based on the assumption that the cryptocurrency will grow in popularity as an alternative to gold, Bloomberg reports. “A crowding out of gold as an ‘alternative’ currency implies big upside for bitcoin over the long term,” strategists led by Nikolaos Panigirtzoglou […]Read More