Bitcoin nerves, DeFi defiant, PayPal debut, Coinbase warning: Hodler's Digest, Nov. 9-15

Published on by Cointele | Published on

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PlanB, the creator of the stock-to-flow model, has doubled down on his assertion that BTC's best days lie ahead., saying he has "No doubt whatsoever" that Bitcoin prices will have reached $100,000-$288,000 by December 2021.

Eric Wall, the chief investment officer at Arcane Assets, is offering a $1-million bet that Bitcoin won't have come within 50% of PlanB's target range by 2025, let alone by next December.

PayPal now allows all eligible customers in the United States to buy, sell and hold Bitcoin, Ether, Bitcoin Cash and Litecoin.

"Looking for validation that Bitcoin whales are confident in their assets? The number of addresses holding at least 10,000 $BTC has just matched a 2020 high of 111. Additionally, those with 1,000-9,999 $BTC are now just 6 below the ATH of 2,135 wallets."

"If you have failed to report holding Bitcoin or other virtual currencies on your past returns or filed an incomplete or misleading picture of your cryptocurrency holdings, the time to act to correct this is now."

PlanB.Prediction of the WeekMacro factors could bring Bitcoin to $1 trillion market cap, strategic investor says.

The strategic investor said that the environment generated by the coronavirus pandemic favors Bitcoin.

Klasing Associates said: "If you have failed to report holding Bitcoin or other virtual currencies on your past returns or filed an incomplete or misleading picture of your cryptocurrency holdings, the time to act to correct this is now."

As Bitcoin price rises, institutions get down with digital assets.

Institutional interest in Bitcoin continues to rise as bullish sentiment around BTC prevails.

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