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Bitcoin (BTC) Halving Is Not Priced In, Says Lolli CEO Alex Adelman

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Wed, 02/19/2020 - 05:59
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  • Lolli CEO Alex Adelman suggests that it could be the last Bitcoin (BTC) halving that is not priced in given that very few people understand the leading cryptocurrency

Cover image via twitter.com
Contents

Lolli CEO Alex Adelman recently opined that the upcoming Bitcoin halving wasn't priced in during his interview with CNN's Julia Chatterley. 

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Uncharted waters

Adelman explained that BTC has only reached a tiny percent of the total population, and people still fail to understand it. Fundstrat's Tom Lee recently estimated that the Bitcoin price could quadruple if the coin doubles the number of users

On top of that, major institutions are still in a wait-and-see mode. Hence, BTC is yet to see the full effect of institutional follow-through. 

"When I talk to my friends that are on the deep institutional side that have billion-dollar hedge funds, they are still waiting. [...] I just don't think that it has been priced yet"

With that being said, the big difference between this halving and the two previous ones is that masses are already aware of BTC after its headline-grabbing bull run in 2017.   

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How high? 

The halving that will take place in 2024 could be more priced in, according to Adelman. However, this year's supply reduction still has plenty of upside potential.   

As reported by U.Today, some parabolic bulls predict that the BTC price could go to as high as $100,000 this year.   

There are also permabears who believe the halving that estimated to take place in late April will be bearish for the price.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Sun, 03/29/2020 - 19:38
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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
Contents

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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