carlosrudriguez

carlosrudriguez Updated 

After the Ant Group IPO cancellation caused Alibaba ( BABA ) price to drop for the last two months of last year, the price is apparently recovering this month to the levels where it was before Ant Group announced its plans to float on Shanghai and Hong Kong stock exchanges. Price is recovering despite the Chinese government probe into Alibaba over alleged...

carlosrudriguez

The last two weeks Bitcoin price dropped from an all time high from above $41,000 USD and it has been moving mostly horizontally (top chart) between $30,000 and $35,000 USD. If we zoom out and analyse the price signal from a mid to long term perspective we can see that Bitcoin is still on an uptrend. In the bottom chart we can see the uptrend started on October...

carlosrudriguez Updated 

It is my opinion that Bitcoin price will be at least $400,000 USD by 2026 . The current price at around $30,000 USD is still cheap as this asset will begin a significant advance. Here I lay out how I arrived at this conclusion: Bitcoin works as a store o value, it serves the same function as gold during the Bretton Woods system. Gold was an excellent store of...

carlosrudriguez Updated 

If you think the current price of Bitcoin (at about $29,000) is expensive and you lost your chance to enter you're wrong. Bitcoin works as a store of value and it's replacing gold, so if we take the approximate total market cap of gold (about $9 trillion USD) and we divide it between $21 million Bitcoin (maximum possible amount) then we get a price per Bitcoin of...