NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Bitcoin Set to Retain Its Five-Figure Valuation: DeVere CEO

Davit Babayan
Davit Babayan
1 year ago
2 mins read
bitcoin, bitcoin news

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It is usual for bitcoin to retain its five-figure valuation, says the founder of a $12 billion financial advisory organizations.

DeVere CEO Nigel Green on Monday said that bitcoin had located a local bottom at $10,000, stating that the cryptocurrency has lingered around the same level for many times this year. But it has bounced back every time, which indicates that traders do not want to push it below $10,000 for far too long. Excerpts from Green’s statement:

“Looking at its performance this year, I believe that the new normal bottom price for Bitcoin is $10,000. It bounces at this price. If it fluctuates below this level, it shoots back up again. We have seen this in action on Monday when Bitcoin hit $10,500 in a matter of minutes.”

A Big Shot Bitcoin Believer

The comments come on the day when bitcoin took only four hours to rise by more than $700. Analysts believe the latest price rally came in the wake of an escalating trade dispute between the United States and China that sent risky assets to the south. Investors digested the possibility of a further downturn and flew into perceived safe-haven assets such as Gold, the Japanese Yen, and – arguably – bitcoin.

bitcoin, bitcoin price
Bitcoin attracts buyers as trade tensions between the US and China escalate further | Image credits: TradingView.com

Green, unlike most of his peers, is a believer of ‘bitcoin-is-a-global-hedge’ theory. The executive said earlier in August that geopolitical issues such as the US-China trade war and no-deal Brexit could push global investors into the bitcoin market. He also believed the cryptocurrency is on a path of technical improvements, which would make more people want to hold it for a longer timeframe. Excerpts:

“Geopolitical issues, such as the U.S.-China trade war and Brexit, are intensifying and investors will increase exposure to decentralized, non-sovereign, secure digital currencies, such as Bitcoin, to shield them from the turmoil taking place in traditional markets. Technical network improvements are further improving performance. Bitcoin’s hash rate has smashed through another new all-time high recently and this fuels investor confidence.”

Hopes from Halving

Green also treated halving – an event next year that would reduce the bitcoin supply rate by half – as a bullish sign for the cryptocurrency. Last but not least, the Green CEO said that bitcoin is growing in public conscience, which might lead more people to adopt it over inflationary assets.

“There is an increasing global acceptance that cryptocurrencies, such as Bitcoin, are not only the future of money but increase the money of today.  This will be reflected in Bitcoin’s new normal bottom price of $10,000.”

But not everybody agrees with Green and other crypto bulls. Peter Schiff, who heads the Euro Pacific Management, believes that speculators are driving the current price action in the bitcoin market, not investors looking for safe-havens.

“I don’t know why Bitcoin bugs are so excited about yesterday’s small rise in price,” he tweeted on Saturday. “During Bitcoin’s bull market, yesterday’s chaos would have sent its price soaring 10% or more. Instead, it barely rose by 2%, then surrendered all its gains and fell along with other risk assets.”

Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin and XRP

Economist Explains The Reality Behind XRP Price Reaching $100,000, It Can’t Overtake Bitcoin

Economist and former forex analyst Moonchaser is explaining why expectations of the XRP price reaching $100,000 are not realistic. According...

Sandra White 2 hours ago
Elon Musk tweet Floki CEO

Elon Musk opäť testuje trh. Meme coin Floki vystrelil o 30 %

Generálny riaditeľ spoločnosti Tesla a šéf sociálnej siete, Elon Musk, opäť ukázal, ako dokáže prostredníctvom online platforiem rozhýbať trh s...

Nina Šefčíková 2 hours ago
Whale Invests $36K in Bitcoin Hyper as One of the Best Crypto Presales Gains Momentum.

Whale Invests $36K in Bitcoin Hyper as One of the Best Crypto Presales Gains Momentum

What to Know: A crypto whale recently invested $36K in Bitcoin Hyper, signaling strong confidence in the project’s growth potential....

Aaron Walker 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Best Crypto to Buy as Blockchain.com Plans SPAC Listing: Market Explosion Soon?

Best Crypto to Buy as Blockchain.com Plans SPAC Listing: Market Explosion Soon?

Aaron Walker 1 hour ago
Ethereum breakout? Tom Lee ziet $5500 tot $12.000 in Q4 2025

Legendarische trader Tom Lee voorspelt $5000 ETH koers – altseason timing

Lars Diederiksen 1 hour ago
비트코인 하이퍼, 고래 대량 매집에 힘입어 2,400만 달러 돌파 눈앞

비트코인 하이퍼, 고래 대량 매집에 힘입어 2,400만 달러 돌파 눈앞

Soyeon Lee 1 hour ago

Premium Sponsors

Press Releases

  • シバコイン 今後の価格予測:大口投資家が買い増しを加速、回復基調が続き0.0000235ドル突破への勢い

    シバコイン...

    1 hour ago
  • イーサリアム 今後の展望:10億ドル規模のETH信託設立が市場に楽観ムードをもたらす

    イーサリアム...

    2 hours ago
  • ビットコイン 今後の動向:11万ドルを下回る中で進む機関投資家の買い集め

    ビットコイン...

    2 hours ago
  • パイネットワーク 価格予測:上昇期待が高まる中、次世代ビットコイン系プロジェクトはより有望な選択肢か?

    パイネットワーク...

    2 hours ago
  • ドージコイン 今後の予測:Gemini AIが示す、新世代ミームトークンの台頭

    ドージコイン 今後の予測:Gemini...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.