Last week was what the bitcoin (BTC) price concerns relatively boring. The price did not show too large movements, apart from the decline that started yesterday afternoon. But there were still some interesting news! Here is a brief overview of the most important crypto news of this week.
Bitcoin (BTC) Price Forecast: JP Morgan Chase expects $ 130,000
This week, analysts from the major US bank JP Morgan Chase released some interesting findings. First, they stated that the declining volatility of the bitcoin price could work out well. This could attract more institutional investors.
This inflow of institutional investors could, according to the analysts bitcoin can eventually push the price up to as much as $ 130,000 in the long run! For this it is necessary that investors ignore gold and prefer bitcoin, as can be read in this article.
Visa will use Ethereum (ETH)
Then there was news about the payment giant Visa and Ethereum (ETH). Visa wants the Ethereum network to use to settle transactions with fiat money on the blockchain from ETH. This would be in conjunction with cryptocurrency exchange Crypto.com and with the help of the stablecoin USD Coin (UDSC) are realized.
In addition, we also saw that more and more ETH owners have confidence in ETH 2.0, the future new network of Ethereum. The number of ETH in the staking-contract of ETH 2.0 reached no less than 3.6 million ETH this week!
PayPal allows customers to pay with bitcoin and altcoins at regular web shops
Finally, there was of course the big news that online payment processor PayPal now allows customers to pay with crypto in regular web shops. The CEO of PayPal said this week: “This is the first time that you can use cryptocurrencies seamlessly in the same way as a credit or debit card with your PayPal wallet.”
–
