Researchers at the Kraken cryptocurrency exchange believe that part of the inheritance received by the millennials and generation X will be invested in Bitcoin and this will bring its rate to $ 350,000 by 2044.

In the report "Inheriting USDs & Acquiring BTCs: How 'The Great Wealth Transfer' Will Fuel 'The Great Bitcoin Adoption,'" analysts note that at the moment, young representatives of wealthy families in America alone can inherit about $ 70 trillion. If they allocate at least 5% of the inheritance received, then more than $ 971 billion will be invested in Bitcoin.

Galaxy Digital CEO Mike Novogratz believes that the emergence of Bitcoin is caused by the financial crisis, and due to new financial turmoil, 2020 will be the year of Bitcoin.

The coronavirus pandemic and the resulting collapse of financial markets suggest that this year the world will experience an even more serious financial crisis than in 2008. Since the emergence of Bitcoin was associated with the collapse of the global economy in 2008, Galaxy Digital founder Mike Novogratz believes this year could be a watershed year for Bitcoin.

Tim Draper, a venture investor and cryptocurrency enthusiast, believes that startups working with digital currencies in India are waiting for a "renaissance" and now is a great time to invest in them.

"A renaissance for India. Now crypto is legal," he wrote on the social network Twitter.

Binance CEO Changpeng Zhao commented on the messages of his subscribers who make fun of him because of inaccurate forecasts of the Bitcoin exchange rate.

Even well-known representatives of the cryptocurrency industry may be unimportant analysts, and their forecasts should not be trusted. This can be said about the founder of Binance. The fact is that after his bullish forecast, the price of the first cryptocurrency most often decreased.

Founder of Gold Bullion International Dan Tapiero believes that the negative rates on US bonds could be a "Mega bullish" signal for Bitcoin.

"Negative interest rates have arrived in the US! 6mo t-bill at -2bps. Means you need to PAY US govt for 6mo cash deposit. Rates to go much more negative to weaken dollar. This is confiscation and it is bad but it needed for now to stabilize system. Mega bullish for #Bitcoin," Tapiero wrote on Twitter.

Analysts predict the Bitcoin exchange rate in the range of $ 4,800 - $ 6,000, but the CEO of Three Arrows Capital Su Zhu allows rapid growth to $ 50,000.

In a message on Twitter, Su Zhu stressed that in the current global economic situation, the influx of money into Bitcoin could increase significantly, which means that the rate of the first cryptocurrency will increase significantly.

The founder and CEO of Digital Currency Group and Grayscale Investments, Barry Silbert, took advantage of yesterday's 30% depreciation of Bitcoin to replenish his reserves of the first cryptocurrency.

"I'm buying. This is why Bitcoin was invented," wrote Barry Silbert on the social network Twitter.

Well-known cryptocurrency enthusiast Michael Novogratz was surprised to find that over the past week, stock market and Bitcoin rates have fallen simultaneously.

Usually, analysts say that the rate of the first cryptocurrency does not correlate with any other asset, but last week showed the opposite. It became one of the worst for Wall Street, and indeed the global economy as a whole - the stock indices of developed countries fell together amicably, and Bitcoin along with them.

Asset Manager Charles Edwards, using a rare indicator called Bitcoin Energy Value, predicted a rise in the price of Bitcoin to $ 100,000 over five years.

The indicator monitors the price of Bitcoin using two metrics to determine the "value" - the hash of the network and the effectiveness of mining equipment.

US Secretary of the Treasury Steven Mnuchin, speaking to Congress, said that the Financial Crimes Enforcement Network (FinCEN) is preparing to introduce new cryptocurrency regulations.

Mnuchin did not announce any details, he limited himself to the phrase: "We're about to roll out some significant new requirements at FinCEN". He added that the US authorities intend to seek a balanced approach in this area.

The Bitcoin symbol ₿ is now available on Twitter. It is displayed when writing the hashtags #Bitcoin or #BTC.

Jack Dorsey, co-founder and CEO of Twitter, was the first who added the Bitcoin symbol to his Twitter message. The Dorsey entry demonstrates that now when a Twitter user writes the hashtag #Bitcoin or #BTC, a cryptocurrency symbol is displayed next to him.

Heath Tarbert, chairman of the US Commodity Futures Trading Commission (CFTC), again expressed confidence that there would be Ethereum futures on the market.

"We have seen bitcoin futures, both cash-settled as well as physically-delivered. My guess is we are going to see ether futures as well," said Tarbert in an interview with Bloomberg.

The shocking American businessman John McAfee, who was recently waiting for a $ 1 million Bitcoin exchange rate, changed his mind and now calls the first cryptocurrency "shitcoin".

More recently, McAfee said that he would cut off and eat his penis if, by the beginning of 2020, the Bitcoin exchange rate did not reach $ 1 million. It seems that McAfee quickly went over to the camp of "cryptosceptics" - or, rather, "altcoin worshipers".

One of the first Bitcoin developers, Gavin Andresen, believes that Satoshi Nakamoto could have misjudged the prospects for creating a cryptocurrency.

Andresen first heard about Bitcoin in 2010. He immediately became interested in the idea and soon became the leading curator of the development. In 2013, he "handed over authority" to Vladimir van der Laan, creator of Bitcoin-QT (Bitcoin Core).

Last year, transactions in total amount of $ 2.5 trillion made on the Bitcoin blockchain, and the average transaction size was about $ 23,000.

According to BitInfoCharts, the average transaction size on the Bitcoin blockchain was 2.75 BTC ($ 23,000), and the average transaction cost (made up of mining costs and commissions) was 0.029 BTC or $ 250.

51,511 BTC worth almost $ 450 million was sent on January 20, 2020 for a commission of less than $ 0.25.

The transaction was included in block 613 644. At the time of block mining, the price of Bitcoin was $ 8680.51, so the transfer amount was equivalent to $ 447 million.

Craig Wright said he had access to 1.1 million Satoshi Nakamoto Bitcoins, which at the current rate is about $ 9.3 billion. After that, the Bitcoin SV altcoin rate has grown by almost 100%.

According to Blockstream CEO Adam Back, the Bitcoin exchange rate this year can easily reach $ 100,000.

Back stressed that the price of Bitcoin has repeatedly crossed the $ 10,000 mark, and just a few years ago it seemed impossible that the first cryptocurrency would reach $ 1,000. In addition, dollar inflation contributes to the growth of the Bitcoin exchange rate.