While Bitdeer recently announced plans to list on the Nasdaq and the funding Matrixport recently received, Bitmain is still moving forward in the industry. At the World Digital Mining Summit in Dubai, Bitmain revealed the company’s most powerful bitcoin mining device to date. According to the announcement the Antminer S19 XP will hash at speeds of up to 140 terahash per second (TH/s). Bitmain’s mining pool, Antpool is also the third-largest bitcoin miner today in terms of hashrate, below Foundry USA
What do you think about Jihan Wu saying that he believes crypto and blockchain will swell to tens of trillions of dollars in value? Let us know what you think about this subject in the comments section
Bitcoin Will Hit $100,000, According to Experts. Here’s When They Predict It Will Happen
Despite the volatility, many experts say Bitcoin is on its way to passing the $100,000 mark, though with varying opinions on exactly when that will happen. The volatility is nothing new, and is a big reason experts say new crypto investors should be extremely cautious when allocating part of their portfolio to cryptocurrency.
Bitcoin has shown as steady a rise in value over the years as any other cryptocurrency on the market. It’s only reasonable for Bitcoin investors to be curious about how high it can ultimately go.
Conservative predictions of Bitcoin say the cryptocurrency will reach $100,000 by 2023.
Some experts are more bullish. “The most knowledgeable educators in the space are predicting $100,000 Bitcoin in Q1 2022 or sooner,” says Kate Waltman, a New York-based certified public accountant who specializes in crypto.
Others are hesitant to predict a number and a date, but rather point to the trend of increasing value over time. Investors should expect a “pretty sustainable” rise in Bitcoin’s long-term value driven by organic market movement, with the $100,000 threshold in near-sight, predicted Jurrien Timmer, director of global macro at Fidelity Investments, last month.
“What I expect from Bitcoin is volatility [in the] short-term and growth [in the] long-term,” says Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For Dummies.