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Walmart Bitcoin mass adoption is here as the retail giant has partnered with coin-cashing machine company Coinstar and crypto-cash exchange CoinMe to install 200 BTC ATMs in its stores across the U.S.
Although the pilot includes only 200 kiosks, the broader launch plans to eventually see the installation of 8,000 Bitcoin ATMs across the country, according to Bloomberg. There has been no further details on timelines as of yet.
In other trending Bitcoin News today: Crypto analyst TechDev shares a macro chart which suggest Bitcoin tops out at $290,000 by the end of January.
“Back to the macro. Update on the mind-bending gold fractal… For those unfamiliar, this marks the 54th straight week that Bitcoin has followed gold from 1970-1979. Both local topped at exactly 1.2T MC (Market Cap). If it continues, top at 290K end of January.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Back to the macro. Update on the mind-bending gold fractal…
For those unfamiliar, this marks the 54th straight week that #Bitcoin has followed gold from 1970-1979.
Both local topped at exactly 1.2T MC.If it continues, top at 290K end of January.
Will we finally deviate? pic.twitter.com/Dcyeg4EHJL
— TechDev (@TechDev_52) October 22, 2021
https://cointelegraph.com/news/200-bitcoin-atms-installed-at-walmart-with-plans-for-8000-in-total
https://www.coindesk.com/markets/2021/10/20/valkyrie-secures-go-ahead-for-bitcoin-futures-etf/
https://cointelegraph.com/news/paypal-co-founder-peter-thiel-says-he-underinvested-in-bitcoin
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Decoding the Bitcoin Rollercoaster: Black Friday Bargain or Market Misfire?
Are you ready for a Bitcoin Black Friday deal that no one saw coming? The crypto world is buzzing with speculation as the famed “Plan B” November target of $98,000 for Bitcoin may be in jeopardy, leaving many to wonder if this is a crash or an unexpected floor model sale.
Bitcoin enthusiasts have been eagerly anticipating the achievement of the ambitious $98K target set by the popular Stock-to-Flow (S2F) model, also known as “Plan B.” This model, which factors in the scarcity of Bitcoin by analyzing its production and circulating supply, has been remarkably accurate in predicting the digital currency’s price movements in the past. However, the recent market downturn has cast doubt on whether Bitcoin will reach the projected target this November.
The crypto market, known for its volatility, has been subject to various external factors, including regulatory developments, macroeconomic trends, and market sentiment. As Bitcoin experiences a sudden dip in value, some investors are viewing this as a potential Black Friday bargain, while others are concerned that Plan B’s $98,000 target might turn out to be an unattainable goal.
It’s important to note that the nature of the crypto market is unpredictable, and sudden price fluctuations are not uncommon. While some experts argue that the recent dip in Bitcoin’s value is a natural correction after a prolonged bullish trend, others question whether there are fundamental issues at play.
As the crypto community speculates on the fate of Bitcoin’s November target, it’s crucial for investors to stay informed and approach the market with caution. Market dynamics can change rapidly, and understanding the underlying factors influencing Bitcoin’s price is essential for making informed decisions.
Whether this turns out to be a Black Friday deal for savvy investors or a missed opportunity for Plan B’s bold prediction, one thing is for certain: the crypto market will continue to surprise, challenge, and captivate its participants. As the month unfolds, all eyes will be on Bitcoin, waiting to see if it will defy the odds and reach new heights or if Plan B’s $98,000 target will remain an elusive goal.
