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Bitcoin Hit a Fresh All-Time High, and These Cryptocurrency Stocks Are Soaring

Author Bio Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy What happened After breaking through the key $20,000 level for the first time on Wednesday, leading digital currency bitcoin is soaring again. As of 10:50 a.m. EST on Thursday, bitcoin was trading for more than $23,200, a gain of about 11% over the past 24 hours and a rally of more than 25% over the past week.

(GBTC), Greatbatch, Inc (NYSE:GB) - As Bitcoin Shoots Past $22K, Analysts Can Already See It Reaching For $30K

Share: Bitcoin (BTC) traded above the $22,000 level at press time after having crossed the crucial psychological $20,000 mark in the preceding 24-hour period. Grayscale Bitcoin Trust (OTC: GBTC) to close 10.91% higher at $25.81. Major altcoins followed Bitcoin’s lead and traded higher at press time. Ethereum (ETH) traded 10.06% higher at $642.65, while Litecoin (LTC) traded 14.97% higher at $92.  Bitcoin Cash (BCH) was up by 8.29% at $309.11, Chainlink (LINK) traded 8.07% higher at $13.42, while XRP traded 23.75% higher at $0.56. Guggenheim Partners Chief Investment Officer Scott Minerd said Wednesday that, as per their “fundamental” work, Bitcoin should be around $400,000, Bloomberg reported. Alex Mashinsky, CEO of Celsius Network, said that a dip to $14,000-$16,000 levels is inevitable in the short-term and that might be the  “last time most of us will have a chance to buy bitcoin below $20K levels ever again.”

MicroStrategy Investors Convinced On BTC – Bitcoin Magazine

MicroStrategy Investors Convinced On BTC – Bitcoin Magazine
bitcoinmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bitcoinmagazine.com Daily Mail and Mail on Sunday newspapers.

(GBTC) - Will Bitcoin Rise 50% And Possibly Double In 2021? These Pros Think So

Share: Bitcoin gained another 13.1% in the past 24 hours and was trading above $23,500 for the first time in history on Thursday morning. The bitcoin rally has triggered a wave of new bullish bitcoin targets on Wall Street, and deVere Group is now calling for at least 50% more upside in 2021. deVere Group founder and CEO Nigel Green said he doesn’t believe 2021 will be a repeat of 2018. “Inevitably, we will soon see some pullback on prices and more volatility as traders sell Bitcoin at record high prices,” Green said. He noted that this profit-taking is a natural and healthy part of any bull market and can serve as attractive entry points for long-term investors.

Bitcoin should be worth $400,000, based on its scarcity and value versus gold, according to Guggenheim s Scott Minerd

» Bitcoin should be worth $400,000, based on its scarcity and value versus gold, according to Guggenheim s Scott Minerd Bitcoin should be worth $400,000, based on its scarcity and value versus gold, according to Guggenheim s Scott Minerd Shalini NagarajanDec 17, 2020, 17:01 IST Guggenheim s Scott Minerd.Lucy Nicholson/Reuters Bitcoin should be worth $400,000 based on its finite supply and value compared with gold, Guggenheim s Scott Minerd told Bloomberg on Wednesday. Our fundamental work shows that bitcoin should be worth about $400,000, he said. It s based on the scarcity and relative valuation such as things like gold as a percentage of GDP. His comments came on the day bitcoin crossed $20,000 for the first time.

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