• Financial giants power Bitcoin $20000
    Bitcoin

    Financial giants power Bitcoin’s $20,000 bull run

    As institutions and big-name investors pile in, the first cryptocurrency passes a big psychological milestone

    The long-awaited Dec. 16 milestone follows a string of high-profile investors and financial firms jumping very publically into bitcoin. This includes Wall Street legends Stanley Druckenmiller and Paul Tudor Jones, Mexican billionaire Ricardo Salinas Pliego, and CNBC “Mad Money” host Jim Cramer, who have all revealed bitcoin investments this year.

  • Bitcoin to hit $318K
    Bitcoin

    Bitcoin to hit $318K by December 2021: CitiBank managing director

    The banker points out that ‘the whole existence of Bitcoin has been characterised by unthinkable rallies followed by painful corrections and suggested that another rally is coming’

    In a note sent by Citibank to its institutional customers and leaked on a twitter, Fitzpatrick suggests that the price of Bitcoin will reach $318,000 by December 2021. He says: “Improbable though that seems it would only be a low to high rally of 102 times (the weakest rally so far in percentage terms) at a point where the arguments in favour of Bitcoin could be at their most persuasive ever.”