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Billionaire Predicts Bitcoin (BTC) Future Price

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Bitcoin

Marc Lasry, the billionaire investor, and a co-founder of Avenue Capital Group spoke recently about Bitcoin (BTC) price and has even given his own price predictions. Lasry believes that Bitcoin will reach $40,000 in the next few years, and regrets not buying it sooner.

Marc Lasry sees Bitcoin hitting $40,000 due to easy trading

In one of his recent interviews, a well-known Bitcoin (BTC) supporter and a billionaire, Marc Lasry, decided to even give his price predictions for the future of the coin. Despite the fact that predicting the prices of cryptos is almost impossible to do due to the market’s unstable nature, many people have found price predicting to be their new favorite activity.

As for Lasry, he believes that Bitcoin can only go bullish from here on and that its price is bound to hit $40,000 within a few years.

Lasry seems to be pretty confident with his prediction, and he stated that his debt management company, which has control of around $9.5 billion when it comes to assets, has seen a large spike up in crypto trading. According to him, Bitcoin’s price is directly connected to the increase in coin’s use, and the more it manages to tap into the mainstream, the more it will rise.

Bitcoin, as well as other cryptos, are slowly but surely advancing when it comes to their adoption in many countries around the world. Despite continuous efforts by some to undermine the rise of cryptos, it would seem that digital currencies are attracting more and more attention with each passing week. With that in mind, Lasry predicts that BTC investors can make 5 to 10 times bigger returns within the next 3 to 5 years.

He also mentioned recently that his only regret is not buying BTC sooner. Earlier this week, he converted a significant amount of his net worth to BTC tokens, which has proven to everyone that Lasry truly believes in BTC’s success. He also stated that he likes Bitcoin the most because it is the coin that everyone will eventually go to.

Other Bitcoin predictions are even more bullish

So far, Lasry’s predictions seem to be true, and Bitcoin has had a $1,000 rise, which has affected nearly the entire crypto market. At the time of writing, Bitcoin is priced at $7,442.62 as per CoinMarketCap.

A lot of institutional investors have taken an interest in talking about Bitcoin and its future recently. Whether optimistic or not, this proves that the interest in cryptos continues to grow and that Bitcoin and the majority of the altcoins are under a microscope at all times. In the end, more and more of these individuals, as well as various banks, companies, and alike, are slowly moving towards the crypto sphere, which can only mean good things for the coins.

However, a lot of people have also been trying to give price predictions, especially when it comes to cryptos. Despite the fact that Lasry’s $40,000-prediction seems impossible at first, we have seen Bitcoin reaching half of that, and that was over half a year ago. Who knows what Bitcoin might achieve in the next few years?

Well, some people, like Tim Draper, tried to provide an answer. According to Draper, Bitcoin can reach the price of a quarter of a million within the next four years. As shocking as this announcement was, it was still not even close to the predictions by John McAfee, who claims that Bitcoin can hit $1 million per coin by 2020.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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