Bitcoin rate on the way to $ 200,000? Willy Woo polishes the glass ball

The Bitcoin course seems to be making itself comfortable at 35,000 US dollars and the other top 10 coins are now more spattered than plopped. On the other hand, Hodler of the Altcoins Enjin and Hedera Hashgraph (HBAR) can look forward to bullish news – including massive price increases. Crypto analyst Willy Woo is convinced that these will also be popular with Bitcoin in the long term.

The market update

The Bitcoin course continues to take a breather – after all, a parabolic rally can be quite exhausting. At press time, BTC is trading above $ 35,000 after failing to recapture $ 38,000 yesterday January 19. With a monthly plus of over 50 percent, the 30-day balance of the crypto key currency is still lush.

Where the journey for the Bitcoin course will ultimately take is a great one to speculate about. While a survey by Deutsche Bank among investors paints a bearish picture for 2021 – a large number of respondents assume that Bitcoin and tech stocks like Tesla will move in bubble territory – Bitcoin observers like Willy Woo are correcting their analyzes upwards. On Twitter, Woo increased his forecast for the Bitcoin price from USD 100,000 to USD 200,000. And relies on the top-cap analysis model.

Uh oh, $ 100k price targets too low

Upward movement detected in the top-cap model. Now on track for $ 200k minimum.

Woo made his experimental metric already in February 2019 before . In his top-cap model, he multiplies the average market capitalization of Bitcoin (since 2010) by 35 in order to determine maximum values ​​for the Bitcoin price. According to Woo, the metric has proven to be apt, at least in retrospect.

A brief history of the BTC tops since the Genius [sic] block. Earliest tops didn’t hit. Basically, that says that there was a perceived price for BTC before October 2009 when we first established a market price, we just don’t have any data on what it was.

Will Bitcoin be the next world reserve currency?

For Anthony Pompliano, the massive influx of users to Bitcoin will make cryptomoney the next world reserve currency.

For years, the international financial system has been totally dominated by the US dollar. It has become the world’s main reserve currency, as well as the preferred currency for international trade transactions. However, for crypto-influencers like Anthony Pompliano, Bitcoin will be the next world reserve currency. As he commented in today’s Tweet:

Decades ago 44 countries got together and decided the US dollar would be the global reserve currency.

Today tens of millions of citizens are getting together and deciding that Bitcoin will be the next global reserve currency.

Changpeng Zhao: Bitcoin Is Stronger After Its Fall

Bitcoin as a world reserve currency

Since its inception, Bitcoin has struggled to become a viable alternative to fiat money worldwide. Thus, in the original design created by Satoshi Nakamoto, BTC’s goal was to become a currency that could be used to make payments anywhere on the planet. Presenting a decentralized alternative to fiat currencies such as the US dollar.

However, for years the dominance of fiat has been unquestionable. It is impossible that crypto-currencies like Bitcoin could become defiant of the world order established around the dollar. This is starting to change recently, thanks to the increasing interest in Bitcoin, as well as the price of cryptomonics.

The price of Bitcoin could make it the next world reserve currency. Source: CoinDeskThe price of Bitcoin could make it the next world’s reserve currency.

Thus, today several crypto influencers are considering the possibility that Bitcoin could become the next world reserve currency. Especially if the adoption of the cryptomone continues to increase, and therefore its use becomes so common that even countries start to acquire BTC.

„Decades ago, 44 countries met and decided that the US dollar would be the world’s reserve currency. Today tens of millions of citizens have gathered and decided that Bitcoin will be the next world reserve currency.

Thus, Anthony Pompliano would be suggesting that the massive entry of people and companies into the Bitcoin market will necessarily lead to the establishment of cryptoactive as the world’s reserve currency. A development that, although possible, is yet to be seen.

Stellar grew by 200% thanks to partnership with Ukraine

The digest with the results of January 7 is prepared together with the guys from Moni. If speed is important for you, you can read the news online via our Telegram-channel. If you want to keep your hand on the pulse, subscribe to our email list and get the digests straight to your email.

That’s how much bitcoin miners are making now. Revenues have risen to $1.3 million per hour, or $33 million per day. The only time the cryptocurrency has been higher than that was five weeks into its existence during the market upturn at the end of 2017.

Elrond’s 100 Days of Hyper Growth!

Elrond (EGLD) announced #hypergrowth100 – „100 days of hypergrowth“ with updates, product launches, partnerships, upgrades, integrations, etc.

And here are some fresh announcements in one line

Elrond (EGLD) will use Runtime Verification to improve security standards

Also the EGLD token has been uploaded to 2 exchanges:

  • Gate — https://twitter.com/ElrondNetwork/status/1347139169198501888
  • FTX — https://twitter.com/FTX_Official/status/1347058683193159680

Stellar (XLM) trades at its highest level since mid-2018

The XLM token is up more than 200% in the last week. The main reason for XLM’s rise was most likely the Ukrainian government’s decision to use the Stellar blockchain. By the way, we were among the first to write about this news.

Bitcoin Standard Hashrate Token (BTCST) on Binance Launchpool!

Binance announced a new project on Binance Launchpool – Bitcoin Standard Hashrate Token (BTCST). A token backed by the Bitcoin network hashrate on Binance Smart Chain.

Pools:

  • BNB: 24,000 BTCST (60%)
  • BUSD: 4 000 BTCST (10%)
  • BTC: 12 000 BTCST (30%)

Farming period: 2021/01/08 03:00 AM (Moscow) (02:00 AM Kiev) – 2021/02/06 03:00 AM (Moscow) (02:00 Kiev).

You can register on Binance through our link and get maximum discount on trading commissions.

Happy New Year ! The wishes of the editorial staff

Dear readers,

The entire Journal du Coin team wishes you a happy new year 2021. May health and prosperity be yours for the coming New Year!

We would like to thank you for reading us so many and supporting us in 2020. We hope that the information we are providing is useful to you, and that our passion shows through. Our team is working to provide you with the highest quality content possible, and that will not change.

A happy result for the Journal du Coin

Le Journal du Coin in 2020, these are:

Over 2,100 articles published;
Over 8 million page views ;
42,200 subscribers and 155 videos posted on our YouTube channel ;
24,800 subscribers to our Twitter account and 13,300 to our Facebook page ;
14,200 members on our Facebook group ;

As for Coin Trading , more than 5,000 registered for the start-up course , 450 for the MasterClass and nearly 400 members for the private club !

The new version of our website has finally seen the light of day, and will be constantly improved . Thank you again for your positive and benevolent feedback.

We will continue to strengthen our ties with you during the coming year, as our Discord and Telegram chat channels have emerged. With over 1,500 members already on Discord , this first success is very encouraging. So don’t hesitate to subscribe to communicate with the Journal du Coin team and its community !

The adventure goes on

There is no doubt that 2021 will be a busy year for the cryptocurrency world. Indeed, the price of bitcoin is exploding, with a record at 28,422 dollars , and decentralized finance is attracting more and more newcomers.

The crypto-economy is thus proving to be a credible alternative to the traditional monetary and financial system. If you share this conviction with us, stay with us to explore this constantly expanding universe!

Soon, new spaces will be created on the Journal du Coin. Similarly, we will strengthen the section dedicated to beginners in the world of cryptocurrencies, as well as the quality of our audiovisual content . Finally, our media will keep its independence , and our team of editors its plurality of opinions.