By now it is lunch time again. We take a look at the live Bitcoin price and the prices of the top 25 crypto currencies. Then we look at PlanB’s Bitcoin prediction, criticism of the EU criticism of BTC and the launch of a (BTC) scam checkers platform.
We begin with the live Bitcoin price and the prices of the top 25 crypto currencies.
Live Bitcoin price and prices top 25 crypto currencies drop further
At the time of writing, the live Bitcoin price is quoting EUR 27,707.67 ($29,273.36). This is 3.69% lower than during our Bitcoin lunch yesterday.
The prices of the top 25 crypto coins are also mostly falling. There are some coins that do record price gains. The best result of the day so far is for Tron (TRX) at 3.81%. Avalanche (AVAX) also records the biggest loss of the day today at -10.02%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
Bitcoin price forecast: short-term frightening, long-term PlanB positive
As we wrote earlier, it is worrying that the BTC price is dipping below $30,000 because that leaves the door open for further price declines. Hereby, frightening predictions for the short term are emerging. For example, the CIO of investor Guggenheim Partners predicts that the BTC price could drop to $ 8,000. He explains his views in the interview below.
In the long term, many analysts remain bullish. A good example is the Dutch analyst PlanB.
PlanB predicts Bitcoin price halving after 2024
Not long ago we saw that PlanB seemed a bit more cautious in his price forecasts. In the meantime, he has regained confidence. Indeed, based on his S2F model, he predicts the Bitcoin price after the upcoming halving in 2024.
In a Tweet, he clearly takes on the 134,812 voters on his poll. They overwhelmingly believe that the price will not rise above $500,000.
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Interesting poll results: 81% thinks #bitcoin stays below $500K next 5 years.
S2F model predicts $500K+ average after 2024 halving.
Very similar to March 2019 when I published S2F model and BTC was below $4K. Majority thought S2F prediction of $55K after 2020 halving was crazy. pic.twitter.com/ZNzz8ofL1d
– PlanB (@100trillionUSD) May 23, 2022
Incidentally, PlanB takes the opportunity right away to warn against scammers. They use his name on social media other than Twitter to lure followers to fake sites. So don’t fall for that!
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Watch out. Fake Instagram scammers active, pretending to be PlanB (35k followers…).
I an only on Twitter!
Not on Instagram, Snap, Facebook, Tiktok, Telegram etc etc.
And I do not direct message you, and do not ask for money or bitcoin. Those are all scammers! pic.twitter.com/HwReSpIgSf
– PlanB (@100trillionUSD) May 22, 2022
European Central Bank lashes out at BTC, community hits back hard
At the WEF conference in Davos, there is a lot of talk about crypto. One of the people who gave her opinion was ECB boss Christine Lagarde. She lashed out harshly at Bitcoin. For example, she called the currency a “worthless invention” and indicated that investors are at risk because there are no guarantees. According to her, this would be different with the Digital Euro, which would be launched because its value would be guaranteed.
A harsh reaction from the crypto community was not long in coming. In an extensive article on Bitcoin.com they explain how the money system works. They also state that anyone who does not dance to the tune of the Central Banks will face legal complications. Therefore, they argue that the only guarantee for the digital Euro is the weapon. After all, only through violence against competitors (literal or otherwise) can the digital Euro remain as the only valuable currency. Although both sides are sawing planks from thick wood, the discussion in itself is very interesting.
Crypto community takes action against (BTC) scammers
Yesterday we already warned about various crypto and Bitcoin scams and also in this post we share the scam warning from analyst PlanB. With that, there is a lot of attention on scamming.
Of course, you can protect yourself from this. One option is to use the tips against crypto scams from our colleagues at Tradeincrypto.com. Another option is to use the platform Chainabuse.com.
On this platform, which is supported by TRM Labs (who runs it), Circle, Solana Foundation, the Aave Companies, Hedera, Binance Us and Civic, users can report scams targeting Bitcoin, Ethereum, Solana, Polygon, Hedera, Binance Smart Chain and Tron. Other users can add their experiences and show through (dis)likes the extent to which they support the report.
All notifications go into a database that is accessible for any crypto user to check. This way you can already check whether parties, the wallet address or the crypto currency you want to use are registered as a possible fraudster prior to a transaction.
You can visit the platform itself at www.chainabuse.com
Want to stay up to date with the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”