BITCOIN is rebounding from a massive crash in recent days, with some experts particularly optimistic about its potential.

Some experts believe the cryptocurrency could reach a target value of $100,000 despite Bitcoin’s recent vulnerability and doubt surrounding it now.

Hong Fang, CEO of cryptocurrency exchange OKCoin, recently told CNBC, “I still believe that the price of 100,000 is reasonable.

She added: “The timing can be a bit elusive as we are at the mercy of market dynamics.”

Fang did not give a specific date when she thinks the price of Bitcoin will hit the $100,000 mark.

Goldman Sachs has previously suggested that Bitcoin could reach staggering value this year.

Bitcoin’s rally has also seen it move away from the dreaded “death cross” – an investor indicator that can spell disaster.

Read our Bitcoin live blog for the latest news and updates…

  • Robinhood Risks

    As far as risks are concerned, investing alone is one because you are not guaranteed to generate a profit and the value of your assets could fall.

    If you choose Robinhood to be able to trade stocks and cryptocurrencies, the game becomes even more risky.

    Cryptocurrencies are not only hard to understand, but even harder to predict when market downtrends will take place.

    For example, cryptocurrency was booming this year until Elon Musk said Tesla was suspending bitcoin payment acceptance.

  • What is Robinhood? Continued

    Unlike many discount brokers, the company does not offer individual retirement accounts.

    The bulk of Robinhood’s revenue comes from order flow.

  • What is Robinhood?

    The Robinhood platform functions as a discount brokerage that offers commission-free trading.

    Specifically, users can trade exchange-traded funds (ETFs), individual stocks (including US depository stocks), and options.

    You can also trade Robinhood shares thanks to the recently publicized company at a $1.2 billion valuation.

  • What are Altcoins, continued

    Simon Peters, crypto-asset analyst at eToro, said, “They’re building on the success of bitcoin by slightly tweaking the rules, economics, or use cases to appeal to different users.”

    “Altcoins vary widely in their use cases and practical application. They typically have some form of technology that they underpin or provide a liquidity solution to a product or service.

  • What is an Altcoin?

    Altcoin stands for alternative coin, a type of virtual currency that uses the so-called blockchain to enable secure transactions.

    Altcoin is a category of cryptocurrency rather than a currency itself, and there are over 900 different altcoins available.

  • Chinese crackdown is a ‘great opportunity’ for the United States

    China’s crackdown on cryptocurrency transactions “is a great opportunity for the United States,” according to Pat Toomey, the top Republican on the Senate Banking Committee.

    This comes as the United States Securities and Exchange Commission has pushed for more cryptocurrency regulation.

  • China’s crackdown on crypto

    While crypto creation and trading has been illegal in China since 2019, new crackdowns this year by Beijing have warned banks to halt related transactions and shut down much of the country’s vast network of Bitcoin miners. .

    The central bank’s previous statement sent the strongest signal yet that China is closed to crypto.

  • Statement by China, continued

    Bitcoin, the world’s largest digital currency, and other cryptos cannot be tracked by a country’s central bank, making them difficult to regulate.

    The crypto crackdown opens the doors for China to introduce its own digital currency, which it is already working on and will allow the central government to monitor transactions.

  • China Statement on Cryptocurrency

    The PBOC said it “will resolutely crack down on speculation in virtual currency, and related financial activities and misconduct in order to protect people’s property and maintain economic, financial and social order.”

    He said trading in virtual currencies has become “widespread, disrupting the economic and financial order, giving rise to money laundering, illegal fundraising, fraud, pyramid schemes and other activities. illegal and criminal”.

  • China has shut down its crypto exchanges

    In 2017, China shut down its local cryptocurrency exchanges.

    Despite the war on crypto, Chinese mining powers almost 80% of the global cryptocurrency trade.

  • Registering Crypto Investments Part Two

    The crypto industry has exploded in 2021 with crypto exchanges, start-ups dealing in NFTs, and games to win all highlighted as factors by Fortune.

    Growing interest in the Metaverse has also led to multi-million dollar investments.

  • Crypto Investments Exceed $30 Billion

    Investors contributed a record $30 billion to the cryptocurrency industry in 2021, according to Fortune.

    The outlet cited data from Bloomberg News that reportedly showed $7.2 billion came from US-based investors.

    The $30 billion is nearly four times the $8 billion investors spent on companies in the crypto industry in 2018, Fortune reported.

  • Play to win, part two

    The new play-to-earn game model that rewards players with cryptocurrency for playing is not technically free.

    According to Forbes, players may need to spend $1,000 or more to start making money in the Axie Infinity universe.

    The popular money-making gambling platform requires beginners to have three “Axies”, which are available for purchase on the game’s Marketplace dashboard.

    Participants can then earn cryptocurrency to sell potions, breed rare Axies, and play various games.

  • What is the game to win?

    A unique model called play-to-win is driving the growth of non-fungible tokens (NFTs) and cryptocurrencies, Forbes reported.

    Axie Infinity is the most popular platform for play-to-earn games right now.

    It allows users to create a collection of “Axies” that players can use in its universe of games.

    The company then uses Blockchain to reward players for games, according to Forbes.

    All digital assets earned by participants can be sold on the platform or traded outside of the Axie Infinity universe.

  • Bitcoin milestone part two

    Bitcoin was created in 2009 by an unknown computer whiz under the pseudonym Satoshi Nakamoto.

    Data from Blockchain.com on Monday showed that 18.9 million of the possible 20,999,999,769 Bitcoins had been mined.

    This is a step that took 12 years to complete.

    Experts believe that the last bitcoin will be mined in February 2140.

    One Bitcoin is currently worth around $47,000.

    The value could rise as coins become scarcer, experts said.

  • Less than 10% of Bitcoin remains to be mined

    There is less than 10% of Bitcoin left to mine as the cryptocurrency reached a milestone in December.

    Data from Blockchain.com showed that 18.9 million out of a possible 21 million virtual coins were mined.

    Bitcoin is the world’s first all-virtual currency and new currency is created through mining, a complex online process that uses computer code.

    It involves using a computer to solve a math problem with a 64-digit solution to create new pieces.

    For each problem solved, a block of Bitcoin is processed. The miner who solves the problem first is rewarded with a new bitcoin.

    These new coins are then stored virtually through an online database called blockchain.

  • More than 50 countries impose bans

    51 countries have banned cryptocurrencies, according to a report by the Law Library of Congress’ Global Legal Research Branch.

    To date, nine countries have a full ban and 42 have an implied ban. The implied ban prohibits financial institutions from using crypto.

    The number of banned countries has more than doubled since the first research was published in 2018, according to Markets Insider.