BITCOIN, Dogecoin, and Solana are bouncing back after a massive crash in recent days, with some experts especially bullish on Bitcoin’s potential.
Some experts think the cryptocurrency could hit a target value of $100,000 despite Bitcoin‘s recent vulnerability and the doubt now surrounding it.
Hong Fang, the CEO of cryptocurrency exchange OKCoin, recently told CNBC: “I still believe that the 100,000 price point is reasonable.
She added: “The timing can be a bit elusive because we are at the mercy of market dynamics.”
Fang didn’t give a specific date on when she thinks the Bitcoin price will surge to the $100,000 mark.
Goldman Sachs previously suggested that Bitcoin could reach the staggering value this year.
Bitcoin’s recovery has also seen it pull away from the dreaded “death cross” — an investor indicator that can spell disaster.
Read our Bitcoin live blog for the latest news and updates…
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Banks embrace crypto, continued
Executives at large banks are beginning to hop on the cryptocurrency train as some invest their time in learning about the new payment method.
Bank of America spokesman Mark Pipitone told the New York Times, “The bank sees potential in blockchain, and we’re currently a leading patent holder in the space with more than 160 patents. But we still haven’t found a use at scale to make the financial lives of customers and clients better.”
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Banks embrace crypto
Banks are paying for slowly catching on to the future of cryptocurrency as they…
