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Max Keiser Predicts Bitcoin Price Could Hit $28,000 as Hash Rate Approaches New Highs

  • Alex Dovbnya
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    The Bitcoin aficionado insists that the Bitcoin price will reach a new ATH

Max Keiser Predicts Bitcoin Price Could Hit $28,000 as Hash Rate Approaches New Highs
Cover image via news.u.today

TV host Max Keiser, who has been one of the most vocal Bitcoin supporters from the outset, claims that the top cryptocurrency by market capitalization will reach $28,000. He points out that BTC’s hash rate is inching closer to 90 exahash per second, and, according to game theory, hash rate precedes price.

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Financial Analyst Max Keiser Explains Why Bitcoin Price Will Hit $25,000

Financial Analyst Max Keiser Explains Why Bitcoin Price Will Hit $25,000

Given that the Bitcoin price has recently tanked below the $10,000 mark, the above-mentioned figure might seem outlandish, but the crypto king surged by more than 200 percent in 2019.

In the meantime, anonymous crypto analyst Plan B has once again reminded naysayers that Bitcoin’s halving event is scheduled to take place in eight months. His model, which uses the stock-to-flow (SF) ratio, predicts that Bitcoin could surge to more than $55,000 after the block reward reduction.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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