After a tough month-end for Bitcoin, April looks promising. And the BTC benefits in particular from the support of Visa and PayPal. Special price also this week for a jacket reversal.
Did you miss the major news of the week? We offer you a quick and non-exhaustive catch-up on the main information in the world of cryptocurrencies and Bitcoin, whose capitalization is approaching 2,000 billion dollars.
Bitcoin, the return to growth?
The BTC engine stalled little after crossing the $ 60,000 threshold. But no return below $ 40K nonetheless. Bitcoin is once again approaching its ATH. And he could use April to set a new record.
Vincent Ganne from TradingView reminds us that April is historically a successful month for BTC. April is in second place over the 12 months in terms of average performance since 2010. From there to saying that April 2021 is shaping up to be good, there is only one step ahead for btc eur!
After April, heading for $ 400,000?
$ 100K, $ 200K or $ 300k? The forecasts are multiplying for Bitcoin. Bloomberg Intelligence even expects $ 400,000 in 2021. The BTC would benefit from the will of institutions to protect against the depreciation of the dollar and inflation.
Its expert Mike McGlone believes that the value of Bitcoin could rise to $ 400,000 in 2021. ” On course to become a global digital reserve asset, a leap in maturity in 2021 could move Bitcoin to a risk-free asset, we believe He writes.
Cryptocurrency, a means of payment like any other
For the first time this week, Visa processed a payment in cryptocurrency (USDC) directly on the Ethereum blockchain. And this adoption by the multinational contributed to pushing up the price of BTC.
One more step towards democratization. Visa and its partners have formalized a pilot. As part of this, the firm accepted the first USDC settlement from Crypto.com. The transaction was recorded on the Ethereum blockchain. The funds were indeed transferred to Visa’s Ethereum address at Anchorage Bank.
And Visa is not alone in taking an interest in crypto in the payments industry. After trading, PayPal adds the payment brick. Via “Checkout with Crypto”, the firm allows its US users to pay for their purchases in BTC, BCH, ETH and LTC from their wallet.
Love, glory and Bitcoin … and media turnaround
Norwegian billionaire Øystein Stray Spetalen was radically hostile to Bitcoin. He called cryptocurrency nonsense and an environmental disaster. His opinion was clear… but not immutable, however.
Nine days later, his opinion of BTC changed dramatically. This great fortune now holds a stake in a Norwegian crypto exchange, MiraiEx. Its founders notably contributed to its conversion.
But Spetalen also jealous another Norwegian billionaire, launched before him in Bitcoin: Kjell Inge Røkke. “It was pretty obvious. I can’t bear to see Røkke making money and not me, ”Spetalen confesses bluntly. Decidedly, convictions sometimes hold for very little.