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Will Bitcoin Go Back Up? Bitcoin Price Prediction
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Griffin is far from the only prominent observer who’s wary of bad behavior. In a blog post on Nov. 30 titled “Bitcoin’s Last Stand,” European Central Bank Director General for market operations Ulrich Bindseil and ECB adviser Jürgen Schaaf dismissed Bitcoin’s resurgence as “an artificially induced last gasp before the road to irrelevance.” Two leading figures on Wall Street told this writer on background that Bitcoin’s price action, by resisting a flood of bad news, looks phony and different from a normal free market ruled by independent buyers and sellers. BlackRock discloses ‘exposure to stablecoin risks’ on spot Bitcoin ETF Daily Bitcoin (BTC) market cap history up until September 17, 2023

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Moreover, another bearish expectation comes from the possibility of FTX’s liquidation. The bankrupt crypto platform reportedly has roughly $7 billion in physical and digital assets. January 2018 – December 2020: Bitcoin recovers and soars even higher Like all models, it’s also at risk of misspecification. There may be critical tweaks that we missed that could hugely alter bitcoin’s prospects. But by narrowing the scope from all gold to all gold ex-jewelry, we managed to cut the potential price appreciation of bitcoin in half—a pretty dramatic swing for a forecast.