"There are 6 Bitcoin billionaires in the world"
According to the Crypto Asset Report published by Henley & Partners, the number of people with crypto assets worth at least $ 1 billion is 22. 6 of them keep their investments in Bitcoin.

Hundreds of millions of people around the world hold some form of crypto asset, whether Bitcoin or alternative currency.

According to the Crypto Asset Report published by Henley & Partners, it is estimated that 425 million people use crypto.

Crypto may no longer be growing as rapidly as it did at the height of its popularity, but it remains a fairly common investment tool. For example, a report by the CFA Institute and the Financial Industry Regulatory Authority (FNRA) earlier this year shows that more than half of Gen Zers are invested in crypto assets.

On the other hand, according to a Pew Research survey conducted in April, 75 percent of Americans are not confident that investing in or using cryptocurrency is currently safe or that they can trust the tools available to do so. While 45 percent of respondents said their investments did not work out as well as they thought, only 15 percent said their earnings exceeded their expectations.

The report, released Tuesday by Henley & Partners, says 88,200 people have crypto assets worth at least $1 million. This figure represents less than 1 percent of overall crypto users. Approximately 40,500 of them invest in Bitcoin; This corresponds to 46 percent of the total.

There are only 182 investors with crypto assets worth over $100 million, 78 of whom place the majority of their investments in Bitcoin.

The number of people with crypto assets worth at least $1 billion is 22. 6 of them keep their investments in Bitcoin.
#Kriptocutrader #BitcoinDunyamiz #BTC🔥🔥 #BitcoinMining #Bitcoin.

Standard Chartered Announces Year-End 2023 and 2024 Price Forecast for Bitcoin

Standard Chartered analyst Geoff Kendrick predicted earlier this year that Bitcoin could reach $100,000 next year. But he now believes that this estimate may be too conservative, especially considering the profitability of Bitcoin miners.

In a recent note, Kendrick reiterated his end-2024 Bitcoin price target of around $100,000, but added that there could be potential upside due to reduced miner sales. In another email, he noted that his $120,000 price target is valid, representing an upside of approximately 300% from current levels. He also expects Bitcoin to rise 67% to $50,000 this year.

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Kendrick estimates that just under 100% of all Bitcoin produced by miners was sold in the second quarter. However, he expects miners to start selling less over time. This usually happens when the price of Bitcoin exceeds the average all-cash cost of mining.

“If the Bitcoin price averages $50,000 in the first quarter of 2024, as we estimate, the 'Bitcoin minus all cash costs' calculation will increase to $30,000,” Kendrick wrote and added:

“On this basis, selling just 27% of Bitcoin mined in Q1 2024 would yield the same absolute cash surplus as selling 100% in Q2 2023.”

#Kriptocutrader #BitcoinDunyamiz #btcanaliz #BTC🔥🔥 #Bitcoin.

Michaël van de Poppe's Bitcoin Analysis: Is the Giant $400,000 Surge Coming?

Crypto trader Michaël van de Poppe predicts a major Bitcoin surge in the current bull market cycle.

Van de Poppe makes his prediction based on previous bull market cycles and the laws of diminishing returns. In this context, he says that Bitcoin can rise up to $ 400,000 with a 961% explosion from its current value.

“I still believe this bull cycle will be greater than the previous bull cycle in terms of diminishing returns.

And I think diminishing returns doesn't mean that if we did 80x in this cycle from 2015 to 2017 and we did 20x in the second cycle here, we should do 5x from now on. Because this 2019-2021 cycle was pushed down by Sam Bankman-Fried as FTX pushed the Bitcoin price down during this period. There were articles proving this point.

Diminishing returns could also mean you'll 18x from here at $16,318 in early 2023. You do 20x, so if we go and crunch the numbers, so if we crunch the numbers from 2019 to 2021 and say hey, the bear market is over, we do 21x. And we'll do 20x from the 2023 market cycle low.

It is very reasonable to say that Bitcoin could rise to $300,000 to $400,000 in this bull cycle. Because I think there are many new participants joining the markets. Additionally, I think it will take it to a point where it is very likely that we will have a 2016-2017 type cycle. “Altcoins will still do well during this period.”

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#Kriptocutrader #BitcoinDunyamiz #BTC🔥🔥 $BTC #aliumutzabun

Technical analysis of leading cryptocurrencies such as Uniswap (UNI) is a major focus of interest among investors.

Cryptocurrency analyst and trader Ali Martinez stated that after Uniswap initiated an upward move from the descending triangle pattern on the weekly chart, this digital asset could have significant potential. Descending triangle patterns are often considered bearish continuation patterns, but Martinez's analysis shows that UNI has broken out of this pattern and carries signs of a possible uptrend.

According to Martinez, if Uniswap makes a “sustainable close” above $5.70, UNI could rise to $10, an increase of approximately 62% from the current price. This is a case that highlights the power of technical analysis and provides analysis that investors can use as a guide to evaluate potential profit opportunities.

UNI is not the only altcoin that Martinez follows closely. Another altcoin on the analyst's radar is Polygon (MATIC). Martinez says MATIC may witness a sell-off if it fails to rise above a critical price level.

Next up is the blockchain oracle Chainlink (LINK). The crypto analyst claims that Chainlink could surpass the 2023 high of $16.62.

Finally, Martinez, who also examined XRP, says that the fifth-largest crypto asset by market value could recover between $0.65 and $0.66 as it appears to be breaking out from the midpoint of a descending parallel channel. In technical analysis, descending parallel channels are generally considered bearish, but an asset can still rise towards the top of the structure's range, as Martinez's chart suggests.

#Kriptocutrader #BitcoinDunyamiz #BTC🔥🔥 #Uniswap #Polygon2.0

Cardano (ADA) is showing bullish signs above $0.320. The current price action points to a possible bottom and a rise towards $0.675 or even $0.900.

Is Cardano Price at the Bottom?
After the bad decline in 2021 and 2022, ADA price settled below the $0.500 pivot. Cardano even traded below the $0.300 level before the bulls took a stance. A new multi-month low was formed near $0.2205 before the price started a recovery wave.

Bitcoin and Ethereum have regained strength over the past few weeks, but ADA has failed to capitalize and has appreciated in nominal terms. Now, a few positive signs are emerging on the weekly chart. The price broke a major bearish trend line with resistance near $0.315.

ADA price settled above the $0.320 resistance zone and the 50-week simple moving average (blue). It looks like the price is making a possible mid-term bottom.

If the price remains above the 50-week simple moving average (blue), a steady increase is possible. The first major resistance on the upside is near the $0.675 level. The next major resistance is near $0.899, the 23.6% Fib retracement level of the last significant decline from the $3.09 high to $0.220 low.

A weekly close above the $0.900 resistance could confirm the $0.220 bottom. In the stated case, Cardano is likely to rally towards the $1.50 level or the 50% Fib retracement level of the last significant decline from the $3.09 high to $0.220 low in the coming months.

ADA price could correct lower if there is no move above $0.400 or $0.420. An immediate support is near the $0.355 level.

Cardano closing below the $0.320 support could trigger bearish moves. The next major support is near the $0.300 level, below which there is a risk of a decline towards $0.268.

#Cardano #BTC🔥🔥 #ADAUSDT

While the Bitcoin price remains strong at $38,000 levels, on-chain data is also showing positive signals.

Over the past six months, the top 100 Tether wallets have collected more than $1.67 billion in USDT tokens. This means that purchasing power has increased by around 10%.

Sanitment reported that the Bitcoin price reached $38,300 for the first time since May 5, 2022. While this increase has been attributed to a variety of factors, a key contributor appears to be the top 100 Tether (USDT) addresses, which have collectively added $1.67 billion over the past six months.

The increasing purchasing power of these whale #USDT addresses indicates an uptrend, and if this momentum continues, analysts predict the possibility of Bitcoin surpassing $40,000 in the near future.

Greeks.Live reported that#Bitcoinrose above the $ 38,000 level and reached the highest level of the year.

Market sentiment continues to suggest that the Exchange Traded Fund (#ETF) could be approved in the first quarter of next year. Skew's significant positive trend for more than a month is in line with market expectations. Investors are advised to consider every decline as a suitable opportunity to improve their positions until the ETF is officially accepted.

Bitcoin's upward momentum is facing resistance near $38,000, but subsequent declines have been brief and minor.

This formation forms an ascending triangle on the price chart, characterized by a horizontal upper resistance near $37.8000 and a rising lower support from pullbacks lower. The shallower recent declines suggest that the uptrend is increasing, and analysts like FxPro's Alex Kuptsikevich are eyeing the ascending triangle formation, eyeing a potential break above $40,000. However, the question remains as to how soon this can happen.

#BitcoinETF #ETF #USDT #Tether

Cryptos You Should Follow Before December –#Ethereum(#ETH),#Solana(#SOL),#Ripple(#XRP),#Litecoin(#LTC),#Chainlink(#LINK)

The cryptocurrency market is currently riding a wave of optimism, largely fueled by the potential approval of the Bitcoin ETF. Bitcoin market cap has increased by 40% since October, according to a recent report from Coinbase. The prospect of a regulated spot Bitcoin ETF has sparked a bull run among cryptocurrency investors eager to see new capital flow into the market. This enthusiasm is not misplaced; Coinbase's report suggests that approval of a Bitcoin ETF could unlock billions of dollars in capital flows, which could significantly impact the overall crypto market.

Current market dynamics are characterized by Bitcoin trading in a range that shows flexibility and attracts investors' interest. The overall crypto market cap has seen a significant increase of $366 billion since October, indicating strong and growing interest in cryptocurrencies.

This bullish sentiment is expected to spread to other cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), Chainlink (LINK) and, if the nascent project is successful, ScapesMania.

#Kriptocutrader #BitcoinDunyamiz #ethereum2.0

MicroStrategy's Bitcoin Investments Push Stocks to Two-Year High

Shares of MicroStrategy, the institutional business firm known for its bullish stance on Bitcoin, have reached a two-year high.

The company's shares closed Friday above $500, a level not seen since December 2021, according to data from Yahoo Finance.

The company's strategy of holding large amounts of Bitcoin has proven to be a profitable move. Despite starting the year with a 3-month loss, MicroStrategy's stock price doubled within a month.

Michael Saylor, founder and chairman of MicroStrategy, began accumulating Bitcoin to hedge against inflation in August 2020.

In April, MicroStrategy's Bitcoin holdings gained value as the price of Bitcoin surpassed $30,000. The company purchased another 1,045 Bitcoins, bringing its total assets to 140,000 Bitcoins.

In its second-quarter earnings report, MicroStrategy turned a profit despite a $24 million Bitcoin impairment charge.

As the largest publicly traded company with Bitcoin on its balance sheet, it continued its efforts to purchase BTC, amassing 152,800 Bitcoins worth approximately $4.4 billion.

Interestingly, shares of companies investing in Bitcoin have outperformed Bitcoin, which is already up 87% in value.

The company continued its Bitcoin purchasing strategy and purchased an additional 6,067 Bitcoins for an additional $167 million.

MicroStrategy has become a significant asset holder, controlling approximately 0.75% of Bitcoin's total circulating supply.

It was also stated that MicroStrategy's shares will benefit from the upcoming Bitcoin halving event.

There is a nearly 90% correlation between MicroStrategy's stock price and the price of Bitcoin. This leads financial analysts like Berenberg to predict that MicroStrategy's shares will rise along with Bitcoin.