Category: Blockchain

On March 2nd we provided a detailed webinar regarding the state of Bitcoin. We outlined that we could see one more push for Bitcoin into the $64,000 – $107,000 region before we see a major top form. As the uptrend continued through April and May, Bitcoin topped at $64,895, which was the lower end of our listed range. Because of this, we began a selling campaign, where we took heavy gains by cutting our position in half. We began buying Bitcoin at $7,717 in 2020, and continued to buy up through the $19,666 breakout. We have re-allocated our cash gains…

After reaching a new all-time high of more than $61,200 per coin last weekend, Bitcoin is currently trading around $59,000. After a large bounce off a low of $45,260, Bitcoin cleared the lower level we indicated in our last Bitcoin analysis: $53,000 to $56,000, which we used to trim our position. We stated the next level to watch is $70,000/$80,000 and we continue to believe that Bitcoin will make a local top. After recent price action, my target is now $65,000/$75,000 before we potentially see a larger drawdown. We will continue to hold our position as long-term it will trade…

Voyager Digital is a smaller cap that gives investors exposure to the Bitcoin and crypto trading trend at a reasonable valuation. The company offers zero commissions and more coins than its competitors, including the rumored $100 billion market cap Coinbase that is going public soon, Kraken and Gemini. The stock is listed on the OTC market, which is higher risk than the Nasdaq as these stocks tend to be thinly traded.   Voyager is a zero-commission competitor to Robinhood, and due to many PR mishaps, has opened a door for Voyager to become a replacement for customers who seek fewer politics…

With many popular stay-at-home stocks pulling back on heavy volume and Bitcoin testing $50,000, investors are wondering what’s in store for the world’s most popular cryptocurrency. While some traders have been—and still are—calling for a crash in Bitcoin, we see no reason to sell out just yet. View webinar here: Is This the Top?   After reaching a new all-time high of $58,300 over the weekend, Bitcoin is currently trading just under $49,000. The downward move came on the heels of a warning by U.S. Treasury Secretary Janet Yellen that Bitcoin is an “extremely inefficient” way to conduct monetary transactions, and…

Last July, I began covering bitcoin. The premise was based on three phases for widespread adoption: institutional adoption, global economic uncertainty, and mobile payments. With Square’s cash app reporting fifty percent of its payments being made in bitcoin, or $178 million, it’s time to revisit why bitcoin is a transformative technology that is often misunderstood. Square’s report was for the period between October 1st and December 31st, which represented an increase of 50 percent over the prior two quarters. Perhaps the more critical point to understand about bitcoin is that its purpose is not to polarize opinions on fiat currency.…