{"id":474330,"date":"2021-10-21T17:00:49","date_gmt":"2021-10-21T17:00:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=474330"},"modified":"2024-06-11T10:22:35","modified_gmt":"2024-06-11T10:22:35","slug":"bitcoin-100000-straight-ahead","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-100000-straight-ahead\/","title":{"rendered":"Bitcoin New All-Time Cleared, $100,000 Straight Ahead?"},"content":{"rendered":"

Bitcoin has now set a new all-time high above $67K, a price range that one would have thought impossible when the market slowed to a crawl in September. Investors across the market are back in the green after enduring a brutal month and sentiment could not be more positive. This has translated to more faith in the market as more money flows into crypto.<\/p>\n

However, hitting a new all-time high does not mean that the market stops moving. If anything, times like these are crucial for the digital asset in the long term as the market could go either way. With this in mind, Coindesk talked to market analysts<\/a> to get a feel for where they see the price of the digital asset going from here. The responses were insightful, as well as bullish all around for the cryptocurrency.<\/p>\n

Full Speed Straight Ahead<\/h2>\n

The market analysts told Coindesk that they expected the rally to continue. With bitcoin being so high, they did not see any reason why it should slow down now. It has long been speculated that the price of the digital asset is going hit the $100K mark by the end of the year and the analysts have echoed this sentiment.<\/p>\n

Related Reading |\u00a0Blockchain Firm Chainalysis Is Adding Bitcoin To Its Balance Sheet<\/a><\/strong><\/em><\/p>\n

Market analyst Ben Caselin said that the digital asset will touch this price point by the end of the year. However, he also believes that bitcoin will surge past this point given the volume of the retail money that will be pumped into the market. \u201cAll eyes are set on the $100K mark,\u201d Caselin said. \u201cBut when retail does rush in and more funds open up to bitcoin, including physically backed ETFs, $100K is unlikely to be the end of it.\u201d<\/p>\n

\"Bitcoin<\/p>\n

BTC recovers after flash crash | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Price forecasts for the leading cryptocurrency have not tapered off. The break of the new all-time high has instead fueled further predictions for the asset. CEO of Fundstrat Tom Lee told CNBC that bitcoin could go as high as $168K by the end of 2021.<\/p>\n
Other Analysts Chime In On Bitcoin<\/h2>\n
While the majority of the analysts showed a bullish stance on bitcoin, some have gone the opposite direction. BTC\u2019s energy usage has been a cause for concern in the market and Edward Moya, Senior Market Analyst at Oanda, says that soaring oil & gas prices could see Bitcoin\u2019s energy usage brought under increased scrutiny over the next few months.<\/p>\n
\u201cGovernments might take harsh stances if this winter leads to shortfalls in energy across several countries and that could mess with the hashrate,\u201d said Moya. This stance makes sense when we take a look at where the majority of the hashrate comes from presently.<\/p>\n
Related Reading |\u00a0Bitcoin Leads Charge Of Large Cap Altcoin Dominance In October<\/a><\/strong><\/em><\/p>\n
Data shows that North America now has the highest hashrate<\/a> after miners were forced to exit out of China during the crackdown. With winter approaching and the populace requiring more power for heating, BTC\u2019s energy usage will likely be queried. But given states\u2019 stance on crypto over the last couple of months, this will not be much of a problem for the crypto.<\/p>\n
Featured image from Finextra Research, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin has now set a new all-time high above $67K, a price range that one would have thought impossible when the market slowed to a crawl in September. Investors across the market are back in the green after enduring a brutal month and sentiment could not be more positive. This has translated to more faith in the market as more money flows into crypto. However, hitting a new all-time high does not mean that the market stops moving. If anything, times like these are crucial for the digital asset in the long term as the market could go either way. With this in mind, Coindesk talked to market analysts to get a feel for where they see the price of the digital asset going from here. The responses were insightful, as well as bullish all around for the cryptocurrency. Full Speed Straight Ahead The market analysts told Coindesk that they expected the rally to continue. With bitcoin being so high, they did not see any reason why it should slow down now. It has long been speculated that the price of the digital asset is going hit the $100K mark by the end of the year and the analysts have echoed this sentiment. Related Reading |\u00a0Blockchain Firm Chainalysis Is Adding Bitcoin To Its Balance Sheet Market analyst Ben Caselin said that the digital asset will touch this price point by the end of the year. However, he also believes that bitcoin will surge past this point given the volume of the retail money that will be pumped into the market. \u201cAll eyes are set on the $100K mark,\u201d Caselin said. \u201cBut when retail does rush in and more funds open up to bitcoin, including physically backed ETFs, $100K is unlikely to be the end of it.\u201d BTC recovers after flash crash | Source: BTCUSD on TradingView.com Price forecasts for the leading cryptocurrency have not tapered off. The break of the new all-time high has instead fueled further predictions for the asset. CEO of Fundstrat Tom Lee told CNBC that bitcoin could go as high as $168K by the end of 2021. Other Analysts Chime In On Bitcoin While the majority of the analysts showed a bullish stance on bitcoin, some have gone the opposite direction. BTC\u2019s energy usage has been a cause for concern in the market and Edward Moya, Senior Market Analyst at Oanda, says that soaring oil & gas prices could see Bitcoin\u2019s energy usage brought under increased scrutiny over the next few months. \u201cGovernments might take harsh stances if this winter leads to shortfalls in energy across several countries and that could mess with the hashrate,\u201d said Moya. This stance makes sense when we take a look at where the majority of the hashrate comes from presently. Related Reading |\u00a0Bitcoin Leads Charge Of Large Cap Altcoin Dominance In October Data shows that North America now has the highest hashrate after miners were forced to exit out of China during the crackdown. With winter approaching and the populace requiring more power for heating, BTC\u2019s energy usage will likely be queried. But given states\u2019 stance on crypto over the last couple of months, this will not be much of a problem for the crypto. Featured image from Finextra Research, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":474337,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,787,1119,1144,78790],"class_list":["post-474330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-bitcoin-value","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin New All-Time Cleared, $100,000 Straight Ahead?<\/title>\n<meta name=\"description\" content=\"Bitcoin has now set a new all-time high above $67K, a price range that one would have thought impossible when the market slowed to a crawl in September.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin New All-Time Cleared, $100,000 Straight Ahead?","url":"http:\/\/uniquehot.com\/news\/bitcoin-100000-straight-ahead\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-100000-straight-ahead\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/10\/bull.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/10\/bull.jpeg?fit=800%2C450"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","bitcoin value","btc","btcusd","btcusdt"],"dateCreated":"2021-10-21T17:00:49Z","datePublished":"2021-10-21T17:00:49Z","dateModified":"2024-06-11T10:22:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin New All-Time Cleared, $100,000 Straight Ahead?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-100000-straight-ahead\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-100000-straight-ahead\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/bull.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/bull.jpeg?fit=800%2C450\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"bitcoin value\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2021-10-21T17:00:49Z\",\"datePublished\":\"2021-10-21T17:00:49Z\",\"dateModified\":\"2024-06-11T10:22:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/10\/bull.jpeg?fit=800%2C450","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/474330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=474330"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/474330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/474337"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=474330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=474330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=474330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}