Bitcoin’s Mass Adoption is a Dream Until These 4 Things Happen

The road to mass adoption for any new technology is a slow one. This will also be the case for bitcoin but these four factors could accelerate the process. The past couple of years have certainly seen the greatest pace of bitcoin and crypto adoption. That epic rally at the end of 2017 when digital assets were all over mainstream media certainly helped. However, there are a few more things that may need to occur before BTC can truly be adopted by the masses. Bitcoin Transaction Confirmation Times A recent…

Bitcoin Worth Nearly $450 Million Moves For 25 Cents

Bitcoin showed just how inexpensive it can be as a tool for transferring value this morning. A 51,511 BTC transaction, worth almost $450 million, was sent for a fee of under 25 cents. Half a Ten Millionth of a Percent The transaction was included in block 613644, and a total amount of 51,511.81741968 was moved. At the time the block was mined, the bitcoin price was $8680.51, meaning $447.15 million of value was transferred. The fees for the transaction were pegged at 0.0000268 BTC, or just 23.26 cents. This gives…

Bitcoin Fund Now Allows 300k Australians to Invest in BTC

Australia’s financial regulator has given its approval nod to fintech startup Raiz to offer its Bitcoin investment retail fund. The news marks a watershed moment for the Australian crypto space with regulators previously keen on strict oversight of the industry. ASIC Okays Raiz Retail Bitcoin Investment Product According to the Australian Financial Review, the Australian Securities and Investment Commission (ASIC) has granted approval for Raiz to offer its Bitcoin investment retail fund. With the ASIC approval secured, Raiz can now go ahead with its planned launch of the product before…

Bitcoin Price Analysis: Bears Take a Beating as Bulls Eye $9.5K

It’s been a fairly exciting week for Bitcoin bulls, with rally upon rally feeding into the bullish sentiment. Although the weekly is not closed as of typing, Bitcoin saw its value jump 14% this week to $9169,5(Bitfinex). However, it seems that for all the gains achieved this week, Bitcoin has found itself staring at a significant high-time frame resistance zone on the weekly and daily charts. Bitcoin Weekly Analysis To understand where we might be going, let’s break down where we’ve been in weekly chart retrospective review. After an explosive…

Sunday Digest: Bitcoin Price, BSV Pump and Dump, and Other News

Today is the day when Orthodox Christians submerge themselves in icy water to mark Epiphany, celebrating the baptism of Jesus in the River Jordan. Personally I prefer to celebrate my Bitcoin epiphany with a couple of icy beers, but you know, each to their own. Bitcoin Price: On The Up If last week, bitcoin price was all about $8k, then this week was all about $9k. Or to be more specific, would we get there? Certainly, at the start of the week, the sentiment seemed to have turned bullish. $8k…

When Anti-Bitcoin Peter Schiff Lost his BTC…

Peter Schiff may be unable to sell his Bitcoin (BTC), after getting locked out of his wallet. Schiff, who has been critical of BTC and sees its price as potentially tanking, tweeted that his wallet failed to decrypt. Peter Schiff Loses Acess to his Bitcoin Stash Bitcoin wallets are not forgiving of lost passwords or key files, and Schiff said he effectively lost all his coins. I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now…

PlanB Reasserts S2F Reliability as a Bitcoin Price Forecaster

In his latest article, PlanB has re-affirmed the reliability of his Bitcoin-Stock-to-Flow model (S2F) to forecast the Bitcoin price trajectory. He also asserts that BTC markets are reasonably efficient, and they see risks that are not in the price data. PlanB: Markets Are reasonably efficient In his article of January 17, 2020, PlanB makes a case for his S2F as a reliable Bitcoin price forecast tool against the Efficient Market Hypothesis (EMH), and the classic risk and reward model. The S2F model, introduced in March 2019, is based on Nick…

How Bitcoin, Crypto Prices Correlate With Network Parameters

There is now enough data to link Bitcoin and crypto price movements to easily quantifiable network parameters. Bitcoin’s Transactions Show Highest Correlation to Prices Transaction counts, active addresses, and price action show a connection for some coins, which explains heightened activity during rallies. A recent report by Longhash suggests some coins may reveal the intentions of their holders, based on on-chain activity. The correlations are visible both for a longer historical time frame and for the past two years when specific price movements were also reflected in transaction counts. Bitcoin…

Next Bitcoin Price ATH to Fall in the $75k-$85k Range

With the crypto community awaiting Bitcoin’s next price ATH, Blockroots CEO warns that they might be disappointed if they expect BTC to hit $100k or more. Next Bitcoin Price ATH May Not be as High as Expected Bitcoin has been a hot topic ever since it started a massive bull run in late 2017, which led the coin to its all-time high (ATH) at $20,000. As everyone knows by now, the coin saw a massive drop after that, eventually reaching only $3,200 as its lowest point in the last three…

Bitcoin Dominance Does Not Signal Altcoin Season, Here’s Why

The number designating the dominance of Bitcoin (BTC) may be a faulty metric, especially when estimating the potential of altcoins. Instead, the metric has been proposed as a way to gauge the market direction. Bitcoin Dominance is a Flawed Metric The size of the BTC market capitalization has been criticized as flawed, as not all coins in circulation can be sold at the market price for the moment. However, the number is viewed as a gauge to the sentiment about the chances of BTC or altcoins to rally. Example #…