Benzinga - This week has seen significant activity in the world of cryptocurrency. The focus has been on Dogecoin’s potential ascension, while hopes for a Bitcoin ETF approval continue to rise. Additionally, Anthony Scaramucci’s bold prediction for Bitcoin’s value garnered attention. Here’s a quick look at these stories.
Dogecoin’s Potential To Reach $16
Crypto Analyst AMINSHEYBANI made a bold prediction last Thursday, stating that Dogecoin (CRYPTO: DOGE) could surge over 27,000% and potentially reach $16, breaking its all-time highs. The analyst believes that once DOGE surpasses the $0.058 support level, a remarkable rally could follow. Read the full article here.
Dogecoin’s Path To $1
In other Dogecoin news, Crypto Analyst Ali suggested that DOGE is nearing the apex of a multi-year descending triangle formation. He believes that a weekly candlestick close above $0.0835 could trigger a new DOGE bull run, potentially towards $1. Read the full article here.
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Rising Hopes for Bitcoin ETF Approval
Ark Invest’s CEO Cathie Wood updated that hopes are rising for a Bitcoin ETF approval by the SEC. Ark Invest is one of several companies that have filed for Bitcoin ETFs with the SEC. Read the full article here.
Scaramucci’s Bold Bitcoin Prediction
Anthony Scaramucci of SkyBridge Capital projects that Bitcoin’s (CRYPTO: BTC) value could skyrocket 2,662% from its current valuation, potentially rivaling a $15 trillion asset class. He perceives Bitcoin as more valuable than gold. Read the full article here.
BlackRock CEO Comments on Bitcoin Rally
Responding to a controversy surrounding a false report claiming that BlackRock Inc’s (NYSE:BLK) application for an iShares Bitcoin Trust ETF had been approved by the SEC, CEO Larry Fink stated that the subsequent Bitcoin rally indicates a “pent-up interest in crypto.” Read the full article here.
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