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Category: Bitcoin Analysis

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It Could Lead to Much Bigger Things

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On February 11, Nasdaq, the world’s second-largest stock exchange, launched Bitcoin and Ethereum indices to present accurate prices of the two leading crypto assets. Nasdaq’s Bitcoin Index a Likely Precursor to Crypto Investment Products According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a wide range of investment vehicles in the long-term. The analyst said: “NASDAQ to add a bitcoin index on its platform. They are reading the writing on the wall and don’t want to get left behind….

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Beware of Bitcoin, Sign of Fear?

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. On December 5, the Reserve Bank of India (RBI), the country’s central bank, cautioned investors of bitcoin, clarifying that the government is yet to regulate bitcoin and cryptocurrency exchanges within the local market. An official statement released by the RBI read: “Reserve Bank of India (RBI) on December 24, 2013, [cautioned] users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing…

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Winklevoss Twins Expect Bitcoin Market Cap to Surpass Trillions

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Tyler and Cameron Winklevoss, better known as the Winklevoss twins, expect the market valuation of bitcoin to surpass trillions of dollars in the upcoming years. Basis of the Prediction of the Winklevoss Twins In an interview with CNBC, Cameron Winklevoss explained that the properties of bitcoin allow it to operate as a premier store of value that is in orders of magnitude better than gold in many aspects, including transportability, divisibility, and monetary supply. “We’ve always felt…

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Number of Bitcoin Users to Reach 200 Million by 2024

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Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. According to RT, analysts expect the number of bitcoin users to reach 200 million by 2024, within the next seven years, given the current exponential growth rate of bitcoin. 5 Million Unique Users in March A Cambridge study conducted by Dr. Garrick Hileman and Michel Rauchs in March of 2017 revealed that the number of active users of bitcoin wallets was in the range of 2.9 million and 5.8 million. However, since then, proportional to the market…

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