News

Famous Analyst Tone Vays Bitcoin Will Be $ 1300!

Tone Vays still believes we are in the bear market and believes that Bitcoin will fall to $ 1,300, the highest in December 2013.

Tone Vays spoke about Ivan's speech at Tech's Good Morning Crypto Show:

Dolar My worst scenario goal is $ 1,300. This doesn't mean that Bitcoin should reach there, but for me, $ 1,300 has been a realistic target for over a year and continues to be a realistic target. "

Vays, a former Wall Street analyst who is now a trader and an independent content creator with a focus on spreading the importance of Blockchain technology, thinks it's time for BTC to save even lower price.

Former vice president of JP Morgan Chase confessed to being in the market

Crypto Market Didn't See More

The creator of CryptoSCam, a podcast for CryptoSCrency's latest fraud, is no stranger to predicting the direction in which BTC will move. In November 2018, the movement was able to spend between $ 6,000 - $ 3,000, and recently it was expected to be between $ 3,000 - $ 5,000. Tone also believes in the fundamental analysis and now tells him the crypto market has not hit bottom.

Yok My basic analysis is very simple, Bitcoin is a legitimate entity with a future, and no other legitimacy exists in this crypto. I don't believe they have a future for being legitimate. So, when I see that the subcoins are making harder outs with the Bitcoin rally, I think the market hasn't hit rock bottom yet and the bear market is still with us. "

It compares the current market situation with Dotcom Bubble, a period of extreme speculation in US technology stock share valuation:

Adı In 2000, NASDAQ fell from its all-time high of $ 5,000 and didn't recover until 2015. The stupidity of a company's revenue or the purchase of companies that don't have any money, don't turn back, but the stupidity of buying altcoin still seems to be coming back. "

According to Tone Vays now, a medium-term bear market continues to drive.

Where does Bitcoin go?

Although Vays believes that the ETF will not be approved in the near future, the United States Security and Stock Exchange Commission says it is likely to be approved as it holds the control of market valuation discovery.

Ler The world of Fiat will continue to reduce confidence in its currencies and people will be more focused on Bitcoin. It is likely that the European common currency will ultimately be separated. Hunting for taxation, money laundering, the closure of tax havens, and the fact that Swiss accounts are no longer a mystery, will be part of the movement to raise cash directly involved in the adoption of Bitcoin. "

According to Tone Vays, in the next half, Bitcoin said it could go up to $ 50,000 and that it could lead to an increase in Bitcoin six months before this exit.

Up Next

Bitcoin Tesla Stocks (TSLA) Passed 52% in 2019!

Don't Miss

Binance Charity Adds 10 New Ugandan Schools to the 10 Lunch for Children eme Program

Emre

Click to comment

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph