Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past $50,000

(Bloomberg) -- Bitcoin’s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts.Most Read from BloombergBud Light Takes the Cowardly Way OutBillionaire Brin Sold Tesla Near Its Peak for New Giving VehicleAnger in Europe After Chinese Diplomat Says Ex-Soviet States Not SovereignBud Light Marketing Executive Takes Leave After Controversy: Ad AgeElon Musk’

• 2023-04-23
• Bloomberg Bitcoin miners Bitcoin Jamie Douglas Coutts

Weekly Market Wrap: Bitcoin rises above US$26,000, as ‘store of value’ narrative strengthens amid bank failures

As the U.S. banking system stared into the pit of bank runs, collapsing shares prices and panic started nibbling at the edges, the authorities acted swiftly to try and pull everything back from the edge. However, Bitcoin seemed unperturbed. Is this what a safe haven looks like?

• 2023-03-17
• Cathie Wood market capitalization Credit Suisse Bitcoin Federal Deposit Insurance Corporation Jamie Douglas Coutts