Bitcoin

April

BlackRock

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/will-bitcoin-prices-continue-to-rise/" data-wpel-link="internal">Will Bitcoin Prices Continue to Rise?</a><br></p>
<p style="text-align: justify">Following the recent Fed decision, the falling prices of cryptocurrencies seem to have given way to a rise. In recent minutes, <a href="https://en.coin-turk.com/experienced-crypto-analyst-donalt-expresses-concerns-over-bitcoin-market/" data-wpel-link="internal">BTC</a>, which has risen above $63,000 and is trading at these levels, continues to attract attention with comments from significant market figures.</p> 
<h2 style="text-align: justify" id="will-bitcoin-s-price-increase">Will Bitcoin’s Price Increase?</h2> 
<p style="text-align: justify">A statement by Fundstrat’s co-founder Tom Lee has caught attention. According to Lee, the price of <a href="https://en.coin-turk.com/will-bitcoin-continue-to-rise/" data-wpel-link="internal">Bitcoin</a> does not yet appear to have reached its peak. In the latest episode of the “Speak Up” program with famous American investor Anthony Scaramucci, he said:</p> 
<blockquote> 
 <p>This doesn’t mean it will reverse today, but I don’t think this is a peak.</p> 
</blockquote> 
<p style="text-align: justify">Lee also mentioned that the recent price drop in Bitcoin should be considered a bear trap and a good buying opportunity.</p> 
<blockquote> 
 <p>I think the April chaos is somewhat deceiving us.</p> 
</blockquote> 
<h2 style="text-align: justify" id="how-much-is-bitcoin-now">How Much is Bitcoin Now?</h2> 
<p style="text-align: justify">Bitcoin’s price is currently at $63,000, following an increase of over 6% in the last 24 hours. This rise occurred after Bitcoin briefly fell to $56,000 on May 1st.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-347646" src="https://coin-turk.com/wp-content/uploads/2024/05/bitcoin-4-saat-coin-turk-com.png" alt="" width="1265" height="543"></p> 
<p style="text-align: justify">Previously, Lee had stated that the price of BTC could reach $150,000 by 2024. After reaching its all-time high of $73,737, Bitcoin experienced a 16.2% drop.</p> 
<h2 style="text-align: justify" id="will-bitcoin-end">Will Bitcoin End?</h2> 
<p style="text-align: justify">According to Lee, Bitcoin represents the purest form of trust and is definitely positioned as a breakthrough in technology. The famous figure also notes that Bitcoin’s secure structure offers many benefits.</p> 
<p style="text-align: justify">Looking at it from another angle, the research director at Starbucks stated that people not buying coffee with Bitcoin at Starbucks should not be interpreted as Bitcoin being impractical.</p> 
<p style="text-align: justify">Returning to Lee’s statements, the famous figure believes that due to the market’s size, Bitcoin’s price will never return to zero again. Lee finally said:</p> 
<blockquote> 
 <p style="text-align: justify">Many attempts have been made to eliminate Bitcoin… but eventually, <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">financial</a> institutions are slowly beginning to realize that it is actually a great solution. Therefore, BlackRock and others are supporting it through spot Bitcoin ETFs.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/will-bitcoin-prices-continue-to-rise/" data-wpel-link="internal">Will Bitcoin Prices Continue to Rise?</a></h5>

Will Bitcoin Prices Continue to Rise?

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