Market Rejects Everything Except BTC, - Heisenberg Cap

Venture capital firm analysts believe Bitcoin is climbing toward their 2011 target of $100,000
06 May 2019   154

The digital asset market will gradually reject all altcoins, leaving room only for the first cryptocurrency. However, first Bitcoin should increase significantly in price. This was stated by analysts of the venture capital company Heisenberg Capital.

According to CoinMarketCap, the weighted average price of Bitcoin decreased by 2.04% and amounts to $ 5665.

As stated at official website, Heisenberg Capital is "riding the crypto wave. Since 2011". It had invested in such big players as Kraken, Shapeshift, Bitfinex, Bitpay and many other.

Earlier in May, the famous Bitcoin critic and billionaire Warren Buffett called Bitcoin a gambling tool that does not produce anything useful.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.