A company that is changing the way the world mines bitcoin

Seeking Alpha 2024-11-22 15:43:53

As bitcoin flirts with $100K, see what some SA Analysts are saying

Wall Street remains closely focused on bitcoin ( BTC-USD ), eagerly awaiting the moment when the digital asset will surpass the highly anticipated $100K milestone. As of Friday, Bitcoin ( BTC-USD ) hovers around $98.3K, briefly surging to a peak of $99.5K, marking its highest recorded value. With investors keenly monitoring the token’s movements, let’s explore the insights of some Seeking Alpha analysts on the current price action of bitcoin below: SA Analyst Dean Popplewell stated: “Bitcoin’s price surge is fueled by institutional demand, growing mainstream acceptance, and a derivatives market boom… Looking at a move to the upside and the 100000 mark could lead to some wild price swings I will be keeping an eye on the round numbers/psychological numbers around 105000 and 110000,” in Bitcoin's Rocket Ride To Near $100,000, More To Come? SA Analyst Made Easy – Finance indicated: “Bitcoin has broken through the historic $90,000 resistance as we expected, entering uncharted territory with the potential to reach up to $200,000 in the ongoing bull market,” in Bitcoin: Buy The Breakout . SA Analyst Logan Kand said: “Bitcoin's price surge is driven by reduced supply, increased demand, plus potential government adoption, giving it continued long-term upside,” in With Bitcoin Topping $90,000, Beware Of Crypto Copycats Like Dogecoin And MicroStrategy . SA Analyst Nicholas Kitonyi spotlighted: “If Trump delivers his promises, Bitcoin could further stretch gains to $100,000 or even $110,000, making it a multi-trillion dollar asset,” in Trump's Pre-Election Crypto Promises Could Spur Bitcoin To A Multi-Trillion Asset . Additionally, for investors looking to further track the price of bitcoin, they can look towards some of Wall Street’s bitcoin backed exchange-traded funds as an option: ( IBIT ), ( ARKB ), ( GBTC ), ( BRRR ), ( BTCO ), ( HODL ), ( BTCW ), ( FBTC ), ( BITB ), and ( EZBC ). More on Markets Dividend Roundup: General Mills, Halliburton, Johnson & Johnson, Coca-Cola, and others With energy showing signs of life after Trump's victory, BTIG highlights ETFs Piper Sandler highlights key support and resistance levels for the S&P 500 2025 may see more of the AI boom and geopolitical challenges - BlackRock J.P. Morgan forecasts modest growth in 2025 and foresees limited downside risks