{"id":473004,"date":"2021-10-04T17:00:14","date_gmt":"2021-10-04T17:00:14","guid":{"rendered":"https:\/\/wncen.com\/?p=473004"},"modified":"2024-06-11T13:59:10","modified_gmt":"2024-06-11T13:59:10","slug":"why-bitcoin-100k-discourse-remains-strong","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-bitcoin-100k-discourse-remains-strong\/","title":{"rendered":"Why The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes"},"content":{"rendered":"

Bitcoin no doubt had an eventful ride through the month of September. The month which usually carries promises of price dips and crashes, and overall low market momentum maintained its reputation. This led to a value loss of over 20% in the market, causing cryptocurrencies to tumble down in the market. For the majority of the market, it was a matter of holding on long enough for the month to run out.<\/p>\n

Now that September is behind us, it is time to look forward. October has historically been known to perform in the complete opposite of its predecessor. This is when assets recover their lost value, and often the start of another rally that carries through to December. So while price predictions may have looked like wishful thinking through the bloody month of September, the new month may offer better trends that will see the price hit $100K before the year runs out.<\/p>\n

Factors Moving Bitcoin Price<\/h2>\n

Green put forward the factors which he believed would drive bitcoin’s price to its new highs. Laying out five factors, the CEO explained in clear and concise terms why the price of bitcoin was set to surge. The first, Green said, was the Federal Reserves\u2019 reluctance to ban cryptocurrencies. Speculations in the crypto space had been that the U.S. would follow the footsteps of China and banned cryptocurrencies. But the Federal Reserve had stated that it had no intention of doing so.<\/p>\n

Related Reading |\u00a0Billionaire Orlando Bravo Reveals He Owns Bitcoin And Why He\u2019s \u2018Very Bullish\u2019<\/a><\/strong><\/em><\/p>\n

The second factor put forward by the CEO was the increased interest in the crypto market by institutional investors. \u201cThere is sustained and growing interest from institutional investors, including Wall Street giants and major payment companies, who bring with them their capital, expertise, and reputational influence,\u201d Green explained.<\/p>\n

The third was the figures who were influencing the space. Green pointed to prominent figures like billionaire Elon Musk, Twitter CEO Jack Dorsey, and ARK Invest CEO Cathie Wood and their message, \u201ccrypto is the inevitable future of money.<\/p>\n

Technicals were the fourth driver of the bitcoin price surge. Pointing to previous halvings which have resulted in the price growing tremendously, Green says to expect the same amount of growth given that the last halving occurred in 2020, about a year ago.<\/p>\n

\"Bitcoin<\/p>\n

BTC price maintains momentum through the weekend | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Lastly, the CEO points to the utility of bitcoin and how it has changed the way money is viewed and handled. \u201cCryptocurrencies, of which bitcoin is the most dominant, have already changed the way the world handles money, makes transactions does business and managed assets.\u201d<\/p>\n
deVere CEO Says $100K Is The Mark<\/h2>\n
deVere CEO Nigel Green has overall been bullish on the crypto market. Green has been vocal about his support for Ethereum and how he sees the altcoin taking over bitcoin in the market. But this does not mean that the CEO is any less bullish on bitcoin. In fact, Green has once again reiterated his support for cryptocurrencies with his latest prediction<\/a> which puts bitcoin at the $100K mark by the end of the year.<\/p>\n
Related Reading |\u00a0Polygon Founder Says Ethereum Is Set To Replace Bitcoin As The Global Standard<\/a><\/strong><\/em><\/p>\n
Green recently reneged on his previous price prediction of $65K for bitcoin at the end of the year, which the CEO referred to as being \u201ctoo conservative.\u201d He maintains that the growing momentum if sustained could see the price of the digital asset hitting as high as $100K before 2021 runs out. \u201cEven though Bitcoin\u2019s place in the global financial system is already assured, this would be a truly landmark moment,\u201d Green explained.<\/p>\n
The recovery of bitcoin from the crashes which rocked it in September has increased the CEO\u2019s faith in the pioneer cryptocurrency. The deVere boss believes that this current recovery trend will send the asset surpassing all of its previous all-time highs and setting new price records.<\/p>\n
Featured image from Medium, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin no doubt had an eventful ride through the month of September. The month which usually carries promises of price dips and crashes, and overall low market momentum maintained its reputation. This led to a value loss of over 20% in the market, causing cryptocurrencies to tumble down in the market. For the majority of the market, it was a matter of holding on long enough for the month to run out. Now that September is behind us, it is time to look forward. October has historically been known to perform in the complete opposite of its predecessor. This is when assets recover their lost value, and often the start of another rally that carries through to December. So while price predictions may have looked like wishful thinking through the bloody month of September, the new month may offer better trends that will see the price hit $100K before the year runs out. Factors Moving Bitcoin Price Green put forward the factors which he believed would drive bitcoin’s price to its new highs. Laying out five factors, the CEO explained in clear and concise terms why the price of bitcoin was set to surge. The first, Green said, was the Federal Reserves\u2019 reluctance to ban cryptocurrencies. Speculations in the crypto space had been that the U.S. would follow the footsteps of China and banned cryptocurrencies. But the Federal Reserve had stated that it had no intention of doing so. Related Reading |\u00a0Billionaire Orlando Bravo Reveals He Owns Bitcoin And Why He\u2019s \u2018Very Bullish\u2019 The second factor put forward by the CEO was the increased interest in the crypto market by institutional investors. \u201cThere is sustained and growing interest from institutional investors, including Wall Street giants and major payment companies, who bring with them their capital, expertise, and reputational influence,\u201d Green explained. The third was the figures who were influencing the space. Green pointed to prominent figures like billionaire Elon Musk, Twitter CEO Jack Dorsey, and ARK Invest CEO Cathie Wood and their message, \u201ccrypto is the inevitable future of money. Technicals were the fourth driver of the bitcoin price surge. Pointing to previous halvings which have resulted in the price growing tremendously, Green says to expect the same amount of growth given that the last halving occurred in 2020, about a year ago. BTC price maintains momentum through the weekend | Source: BTCUSD on TradingView.com Lastly, the CEO points to the utility of bitcoin and how it has changed the way money is viewed and handled. \u201cCryptocurrencies, of which bitcoin is the most dominant, have already changed the way the world handles money, makes transactions does business and managed assets.\u201d deVere CEO Says $100K Is The Mark deVere CEO Nigel Green has overall been bullish on the crypto market. Green has been vocal about his support for Ethereum and how he sees the altcoin taking over bitcoin in the market. But this does not mean that the CEO is any less bullish on bitcoin. In fact, Green has once again reiterated his support for cryptocurrencies with his latest prediction which puts bitcoin at the $100K mark by the end of the year. Related Reading |\u00a0Polygon Founder Says Ethereum Is Set To Replace Bitcoin As The Global Standard Green recently reneged on his previous price prediction of $65K for bitcoin at the end of the year, which the CEO referred to as being \u201ctoo conservative.\u201d He maintains that the growing momentum if sustained could see the price of the digital asset hitting as high as $100K before 2021 runs out. \u201cEven though Bitcoin\u2019s place in the global financial system is already assured, this would be a truly landmark moment,\u201d Green explained. The recovery of bitcoin from the crashes which rocked it in September has increased the CEO\u2019s faith in the pioneer cryptocurrency. The deVere boss believes that this current recovery trend will send the asset surpassing all of its previous all-time highs and setting new price records. Featured image from Medium, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":473005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1144,78790,14698],"class_list":["post-473004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-nigel-green"],"acf":[],"yoast_head":"\nWhy The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes<\/title>\n<meta name=\"description\" content=\"Bitcoin no doubt had an eventful ride through the month of September. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes","url":"http:\/\/wncen.com\/news\/why-bitcoin-100k-discourse-remains-strong\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/why-bitcoin-100k-discourse-remains-strong\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-bull.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-bull.png?fit=1688%2C1125"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btcusd","btcusdt","nigel green"],"dateCreated":"2021-10-04T17:00:14Z","datePublished":"2021-10-04T17:00:14Z","dateModified":"2024-06-11T13:59:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-bitcoin-100k-discourse-remains-strong\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/why-bitcoin-100k-discourse-remains-strong\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/bitcoin-bull.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/bitcoin-bull.png?fit=1688%2C1125\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\",\"nigel green\"],\"dateCreated\":\"2021-10-04T17:00:14Z\",\"datePublished\":\"2021-10-04T17:00:14Z\",\"dateModified\":\"2024-06-11T13:59:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin-bull.png?fit=1688%2C1125","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/473004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=473004"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/473004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/473005"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=473004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=473004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=473004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}