Crypto Analyst Says Bitcoin Eyeing Massive Surge After Breaking Through Major Hurdle

Cryptocurrencies appear to be near a hyper-adoption phase, similar to that of the internet during the mid-to-late 1990s.

Cryptocurrencies, turning in some of the best performances over the past decade (versus other major asset classes) have new investors fearing that they may be too late. Bitcoin’s price, as an example, has compounded at a 216% annual rate since its first recorded transaction in 2010.
 comparison, the total return of the S&P 500 Index over the same period has compounded annually at 16%.

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This week in Crypto.

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Bitcoin has given the highest return since August 2020.

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Bitcoin is about to take off ?

Yes - 👍
No - 👎

Binance Charity to fund over 30,000 Web3 scholarships in 2023

Bitcoin started 2023 on a high note, breaking past key price resistance levels to recoup previously lost ground.

-Addresses holding 1,000-10,000 BTC have been stepping up in the accumulation.
-As of this writing, whales have amassed approximately 64,000 Bitcoin, which was worth over $1 billion.
-Bitcoin’s price increased by 34% in the past 30 days and 20% in the past seven days.

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#bitcoinwhales

Vitalik Buterin proposes 'stealth addresses' to enhance Ethereum privacy

Coinbase partnered with German soccer club Borussia Dortmund

Ethereum and Cardano recorded the highest developer activity

The United Arab Emirates plans to use crypto for trade in the future and also set up a working regulatory framework, according to the country's minister of state for foreign trade.

Thani Al-Zeyoudi said the UAE is considering a trade in currencies other than the US dollar.

Al-Zeyoudi added that the UAE continues to work on its crypto regulatory regime. He said the focus will be on making the Gulf country a major hub with crypto-friendly policies that also have sufficient protections in place.

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#crypto #uae

13 years ago today was the first-ever attempt to sell One digital image for 500 BTC.

Ethereum successfully deployed a “shadow fork” to run tests of the upcoming Shanghai hardfork upgrade

Crypto Hardware Wallets store USA

Samsung Electronics announced Samsung Wallet will be available in eight new markets, including Australia, Brazil, Canada, Hong Kong, India, Malaysia, Singapore, and Taiwan starting at the end of January.

-Last year, Samsung successfully launched the Samsung Wallet platform and expanded its services to 21 countries —

Bahrain, China, Denmark, Finland, France, Germany, Italy, Kazakhstan, Korea, Kuwait, Norway, Oman, Qatar, South Africa, Spain, Sweden, Switzerland, Vietnam, UAE, the U.K., and the U.S. and, by collaborating with a variety of trusted partners and developers

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BANK OF AMERICA: Digital currencies are inevitable.

Porsche NFT collection falls below floor price

Sam Bankman-Fried lists Washington, DC house for $3.28 million.

BlockFi to liquidate millions by selling Bitcoin miner-backed loans

"Brazil and Argentina to start preparations for a common currency."

But bitcoiners have suggested they adopt bitcoin (BTC) instead.

Bitcoin recovers from 16k to 22k in 2023 which is the highest level since mid September previous year.

What price do you predict for Bitcoin this year?

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