Here's What It Will Take to Send Bitcoin to $500,000 by 2029
Bitcoin could hit $400K–$500K by mid-2029, says James Lavish, as institutional adoption and monetary expansion outweigh Fed rate pressures.
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Bitcoin faces renewed downside as short-term holders turn unprofitable; failure to reclaim $75,700 could expose BTC to a breakdown below $73,000.
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Bitcoin could hit $400K–$500K by mid-2029, says James Lavish, as institutional adoption and monetary expansion outweigh Fed rate pressures.
Pascal Gauthier, CEO of hardware wallet company Ledger, said on Tuesday, November 10, that security failures remain possible across the technology industry.
Leading cryptocurrencies fell further on Tuesday, November 10, as investors weighed hotter-than-expected consumer prices and the rising odds of an interest-rate hike.
Hotter October CPI pushed the 10-year Treasury yield to 5% and the 2-year up 17 basis points, while Nvidia's slide weighed on the Nasdaq 100.
Bitcoin, Ethereum and XRP slide as hotter October inflation strengthens the case for another Fed rate hike.
October CPI rose 0.4% month over month and core CPI 0.3%, both above forecasts, as markets price a 99% chance of a Fed rate hike at the Dec. 9 meeting.