{"id":573973,"date":"2024-02-08T18:00:57","date_gmt":"2024-02-08T18:00:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=573973"},"modified":"2024-06-11T07:29:27","modified_gmt":"2024-06-11T07:29:27","slug":"bitcoin-100000-cardano-dead","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-100000-cardano-dead\/","title":{"rendered":"Crypto Analyst Predicts Bitcoin To $100,000 But Says Cardano Is Dead, Here\u2019s Why"},"content":{"rendered":"

Tom Dunleavy<\/span><\/a>, Partner and Chief Investment Officer (CIO) at MV Capital, recently elaborated on the reason for his price predictions for Bitcoin and Cardano. As part of his predictions, the crypto analyst had, at the beginning of the year, <\/span>stated<\/span><\/a> that Bitcoin was <\/span>going to hit $100,000<\/span><\/a> soon enough.\u00a0<\/span><\/p>\n

Why Bitcoin Will Rise To $100,000<\/h2>\n

In an <\/span>interview<\/span><\/a> with Scott Melker, Dunleavy alluded to the <\/span>Bitcoin Halving<\/span><\/a> as the reason why he believes Bitcoin will hit $100,000. Interestingly, he stated that this prediction was a \u201cbit light\u201d if the past post-halving numbers are to be considered. He noted how Bitcoin\u2019s price usually sees at least a 4x increase once the <\/span>Halving event<\/span><\/a> takes place.\u00a0<\/span><\/p>\n

Related Reading: XRP Price On The Brink: This 10-Year Trendline Could Lead To A 4000% Surge<\/a><\/div>\n

Bitcoin Halving <\/span>continues to be predicted<\/span><\/a> as the event that will spark the next bull run, ushering in these price increases for Bitcoin. <\/span>Skybridge Capital CEO Anthony Scaramucci<\/span><\/a> also referred to this event as the reason for his prediction that Bitcoin will rise to $170,000. Like Dunleavy, he also noted how Bitcoin usually sees at least a 4x increase after <\/span>miners\u2019 rewards are cut in half<\/span><\/a>.\u00a0<\/span><\/p>\n

Indeed, Bitcoin is known to have experienced a big rally after the Havling took place. Historically, Bitcoin\u2019s price has seen an 8,000%, 284%, and 559% gain one year after the Halving in 2012, 2016, and 2020 respectively. Furthermore, Bitcoin\u2019s price has hit a new all-time high (ATH) in each of these instances, making the $100,000 price prediction very feasible.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

Source :MilkRoad<\/span><\/a><\/pre>\n
Dunleavy also highlighted the <\/span>Spot Bitcoin ETFs<\/span><\/a> and macroeconomic factors like the <\/span>expected interest rate cuts<\/span><\/a> as other reasons why he thinks a 2x increase in Bitcoin\u2019s price is a \u201csolid base case.\u201d These ETFs are expected to keep contributing to an increased demand for the flagship crypto token, while a rate cut is <\/span>usually bullish<\/span><\/a> for Bitcoin.\u00a0<\/span><\/p>\n
Why Cardano Is Dead<\/h2>\n
In his predictions for 2024, Dunleavy boldly claimed that <\/span>Cardano would lose its relevance<\/span><\/a> and a new chain would take its place. Elaborating on the reason for this assertion, he alluded to the <\/span>network\u2019s lack of a stablecoin<\/span><\/a> and that DeFi (Decentralized Finance) was basically \u201cnon-existent\u201d on it.\u00a0<\/span><\/p>\n
Related Reading: Bitcoin Miner Reserves Drop To June 2021 Levels, What This Means For Price<\/a><\/div>\n
The crypto analyst went on to call <\/span>Cardano\u2019s founder, Charles Hoskinson<\/span><\/a>, a \u201cmegalomaniac\u201d who is \u201cunwilling to change or adapt to the ecosystem.\u201d He suggested that this was the reason why projects on the network are looking to migrate to other networks, a move which he believes is going to cause Cardano to fade off in the long run.\u00a0<\/span><\/p>\n
Dunleavy also noted how <\/span>Cardano’s lack of Venture Capital<\/span><\/a> (VC) has handicapped the network, considering the recognition and users these VCs bring \u201cdirectly through their capital.\u201d This was another reason why the crypto analyst wasn\u2019t so hopeful about the network\u2019s future.\u00a0<\/span><\/p>\n
\"Bitcoin<\/p>\n
BTC bulls reclaim control | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Forkast News, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, recently elaborated on the reason for his price predictions for Bitcoin and Cardano. As part of his predictions, the crypto analyst had, at the beginning of the year, stated that Bitcoin was going to hit $100,000 soon enough.\u00a0 Why Bitcoin Will Rise To $100,000 In an interview with Scott Melker, Dunleavy alluded to the Bitcoin Halving as the reason why he believes Bitcoin will hit $100,000. Interestingly, he stated that this prediction was a \u201cbit light\u201d if the past post-halving numbers are to be considered. He noted how Bitcoin\u2019s price usually sees at least a 4x increase once the Halving event takes place.\u00a0 Related Reading: XRP Price On The Brink: This 10-Year Trendline Could Lead To A 4000% Surge Bitcoin Halving continues to be predicted as the event that will spark the next bull run, ushering in these price increases for Bitcoin. Skybridge Capital CEO Anthony Scaramucci also referred to this event as the reason for his prediction that Bitcoin will rise to $170,000. Like Dunleavy, he also noted how Bitcoin usually sees at least a 4x increase after miners\u2019 rewards are cut in half.\u00a0 Indeed, Bitcoin is known to have experienced a big rally after the Havling took place. Historically, Bitcoin\u2019s price has seen an 8,000%, 284%, and 559% gain one year after the Halving in 2012, 2016, and 2020 respectively. Furthermore, Bitcoin\u2019s price has hit a new all-time high (ATH) in each of these instances, making the $100,000 price prediction very feasible.\u00a0 Source :MilkRoad Dunleavy also highlighted the Spot Bitcoin ETFs and macroeconomic factors like the expected interest rate cuts as other reasons why he thinks a 2x increase in Bitcoin\u2019s price is a \u201csolid base case.\u201d These ETFs are expected to keep contributing to an increased demand for the flagship crypto token, while a rate cut is usually bullish for Bitcoin.\u00a0 Why Cardano Is Dead In his predictions for 2024, Dunleavy boldly claimed that Cardano would lose its relevance and a new chain would take its place. Elaborating on the reason for this assertion, he alluded to the network\u2019s lack of a stablecoin and that DeFi (Decentralized Finance) was basically \u201cnon-existent\u201d on it.\u00a0 Related Reading: Bitcoin Miner Reserves Drop To June 2021 Levels, What This Means For Price The crypto analyst went on to call Cardano\u2019s founder, Charles Hoskinson, a \u201cmegalomaniac\u201d who is \u201cunwilling to change or adapt to the ecosystem.\u201d He suggested that this was the reason why projects on the network are looking to migrate to other networks, a move which he believes is going to cause Cardano to fade off in the long run.\u00a0 Dunleavy also noted how Cardano’s lack of Venture Capital (VC) has handicapped the network, considering the recognition and users these VCs bring \u201cdirectly through their capital.\u201d This was another reason why the crypto analyst wasn\u2019t so hopeful about the network\u2019s future.\u00a0 BTC bulls reclaim control | Source: BTCUSD on Tradingview.com Featured image from Forkast News, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":573983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,16896,3],"tags":[12333,89347,84005,14643,79508,167,428,656,679,1119,89185,1122,1144,78790,12332,89230,12329,6664,26263,14690],"class_list":["post-573973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-cardano","category-news","tag-ada","tag-ada-news","tag-ada-price","tag-adausd","tag-adausdt","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-cardano","tag-cardano-news","tag-cardano-price","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nCrypto Analyst 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Bitcoin To $100,000 But Says Cardano Is Dead, Here\u2019s Why","url":"http:\/\/uniquehot.com\/news\/bitcoin-100000-cardano-dead\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-100000-cardano-dead\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-Cardano.jpeg?resize=200%2C194","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/Bitcoin-Cardano.jpeg?fit=259%2C194"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada news","ada price","adausd","adausdt","analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","cardano","cardano news","cardano price","crypto","crypto analyst","crypto news"],"dateCreated":"2024-02-08T18:00:57Z","datePublished":"2024-02-08T18:00:57Z","dateModified":"2024-06-11T07:29:27Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Bitcoin To $100,000 But Says Cardano Is Dead, Here\\u2019s Why\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-100000-cardano-dead\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-100000-cardano-dead\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin-Cardano.jpeg?resize=200%2C194\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin-Cardano.jpeg?fit=259%2C194\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada news\",\"ada price\",\"adausd\",\"adausdt\",\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"cardano\",\"cardano news\",\"cardano price\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-02-08T18:00:57Z\",\"datePublished\":\"2024-02-08T18:00:57Z\",\"dateModified\":\"2024-06-11T07:29:27Z\"}<\/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\/2024\/02\/Bitcoin-Cardano.jpeg?fit=259%2C194","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/573973"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=573973"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/573973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/573983"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=573973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=573973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=573973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}