• rippleXRP$0.3019327.84%

Bitcoin $50,000 Next Stop; XRP Not A Security? – Forbes

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Get Forbes’ top crypto and blockchain stories delivered to your inbox every week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption.


Bitcoin dipped below $9,000 for the first time in June early Monday morning, though it quickly rebounded for a relatively calm week. Unfazed by its stagnant price movements, some high-profile investors like Chris Burniske still see bitcoin breaching $50,000 during its next bull run, anticipating that it will account for a significant portion of gold’s market share.

A Chainalysis report found that 85% of the bitcoin currently held on exchanges is in the hands of professional traders who rarely make transfers. In fact, 96% of all transactions are made by retail investors who control a much smaller slice of the overall pie. The last time the level of long-term “HODLing” rose this high was just prior to its meteoric 2017 rise.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore