Price forecast for bitcoin and 2 altcoins, from crypto research head

Edwards thinks there is a natural overlap between pro gaming and crypto. Whether it's the demand for adaptability, the young demographics, or the competition, hustlers in both industries have to go above and beyond.

"If BTC reaches even 10% of the market cap of gold on a nominal basis, it implies a fully diluted valuation of $60,000 or 3x from current levels, 19x from the cycle nadir in 2019," he wrote in the Dec. 16 note. sent it surging 22% in the past seven days, Edwards expects to see another short-term spike followed by more drawdowns in September.

Tether as collateral, resulting in about 64% of all open interest being held in USD- or stablecoin-denominated derivatives."If you are holding bitcoin as collateral, your collateral is worth less over time as the price goes down, so you get liquidated more easily," he said."Whereas on the upside, collateral price is going up, so it's a lot harder to get liquidated if you're shorting the market.

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Will this end the same like the Tulip crash?

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