“FINANCE EXECS DEMUR ON BITCOIN: Top financial executives at Verizon, Cisco Systems and Mozilla see threats and accounting difficulties in putting corporate cash into bitcoin, the Wall Street Journal reported. “If bitcoin can bring in $41 billion in 2021, as gold did last year, expect to see a typical bitcoin rate of $100K. Bitcoin WatchNumber of big bitcoin addresses swells, CoinDesks Omkar Godbole writesBitcoins supply circulation shows boost in addresses with big balances.Source: Coin MetricsBitcoins blockchain data supports the popular story that bitcoins rally has been fueled by increased institutional demand.According to information source CoinMetrics, the number of bitcoins locked in the addresses holding between 1,000 to 10,000 BTC has increased significantly because late 2020.

“FINANCE EXECS DEMUR ON BITCOIN: Top financial executives at Verizon, Cisco Systems and Mozilla see threats and accounting obstacles in putting business cash into bitcoin, the Wall Street Journal reported. “Given the balancing out flows into bitcoin at the time, the proof points towards gold investors switching into bitcoin,” Morris composes. “If bitcoin can bring in $41 billion in 2021, as gold did last year, anticipate to see an average bitcoin cost of $100K. Morris figures a $1 million price for bitcoin is sensible by 2044 at a rate of $41 billion of brand-new inflows per year. Bitcoin WatchNumber of large bitcoin addresses swells, CoinDesks Omkar Godbole writesBitcoins supply circulation shows boost in addresses with big balances.Source: Coin MetricsBitcoins blockchain data supports the popular narrative that bitcoins rally has actually been sustained by increased institutional demand.According to information source CoinMetrics, the number of bitcoins locked in the addresses holding in between 1,000 to 10,000 BTC has actually increased substantially given that late 2020.

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