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2 Key Reasons Why Bitcoin Bulls Expect Further Upside

2 Key Reasons Why Bitcoin Bulls Expect Further Upside Reading Time: 2min read Bitcoin has seen strong gains over the past seven days. According to CoinGecko, the leading digital asset is up 16% in the past seven days, outperforming Ethereum and a number of other digital assets. Despite this strong rally in the price of the leading digital asset, analysts are expecting further gains in the weeks ahead. Here are a few reasons why this sentiment has been shared about Bitcoin. Bitcoin is seeing strong demand from players like MicroStrategy and other corporate players. Just this past week, it was revealed by the business services company that it will be raising nearly $1 billion to buy Bitcoin through the sale of corporate bonds. The firm announced on the matter:

Breaking Down What Bill Gates Said About Bitcoin

Breaking Down What Bill Gates Said About Bitcoin Reading Time: 2min read With the recent craze around Bitcoin, CNBC has been asking many of its guests to its television programs to talk about digital assets. Bill Gates, the founder of Microsoft and one of the most wealthy people on Earth, was no exception to this rule just recently. The billionaire technologist, who has now become a philanthropist, recently took to CNBC. During his interview, he was asked about Bitcoin and his thoughts on the digital asset. Here’s more about what he said. Microsoft Founder Bill Gates Talks Bitcoin Microsoft founder Bill Gates, when asked about Bitcoin today, clarified that he does not own any of the digital asset and is not short BTC. Instead, he clarified that he has a “neutral view” on the cryptocurrency, adding that it can go “up and down just based on the mania or whatever the views are.”

Why This Analyst Expects Bitcoin Price Consolidation After the Recent 15% Drop

Why This Analyst Expects Bitcoin Price Consolidation After the Recent 15% Drop Reading Time: 2min read Bitcoin faced a strong drop into Friday. The cryptocurrency, after peaking at $40,000, fell as low as $34,000 in a flash drop on Friday morning. The drop was odd because the cryptocurrency was strongly underperforming altcoins. Normally, during Bitcoin corrections, altcoins fall against the U.S. dollar and against BTC, though this was not the case. Bitcoin has since bounced back toward $36,500 since the daily lows. Bitcoin Could Enter Consolidation, Analyst Predicts One crypto-asset analyst recently suggested that Bitcoin has a good likelihood of consolidating in the short term, which could end up resulting in an altcoin rally.

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