Author: Tony Spilotro

Bitcoin

Power Law: Tracking Bitcoin’s Growth to $100K and Beyond

Tony Spilotro

According to polls, predictions, and commonly seen comments from the cryptocurrency community, most are certain that one day Bitcoin will reach prices of $100K to as much as one million USD. For most, it’s not a matter of if, but when. A new study using a long-term power-law corridor of growth may help provide clues to when Bitcoin price will reach such incredible values or at the very least lock down timeframes when these values are most likely to be reached. Bitcoin Power Law Growth Corridor Predicts When Bitcoin Will Reach $100K, $1M Technical analysis often relies on charting channels by drawing a top and bottom parallel trend line that the asset follows. Occasionally, only the bottom trendline is used to show …

Bitcoin

CNBC Host Challenges Mark Mobius On Bitcoin Needing Gold Backing

Tony Spilotro

On a recent segment of CNBC’s Market Alert featuring prominent investor Mark Mobius, the conversation quickly turned to gold, fiat currencies, and of course, Bitcoin. Mobius’ comments about Bitcoin requiring gold-backing to have inherent value was immediately met by criticism from the crypto world’s favorite financial analyst, Joe Kernen, host of CNBC’s Squawk Box. Prominent Investor: For Bitcoin To Have Value, It Needs Gold Backing Bitcoin has many narratives, with many of them coming to light at a different rate, or coming into focus more so than another at certain points depending on the overall global climate and where the crypto market is at. During the 2017 bull run, crypto investors began to hold Bitcoin for the long-term hoping its value would increase, resulting in the …