Amid the growth of BTC price, American internet celebrity Dave Portnoy, who is co-founder and president of Barstool Sports Dave Portnoy, issued a forecast for Bitcoin price come tomorrow, August 15. The well-known Wall Street trader with 1.7 million followers on Twitter, believes that tomorrow the first cryptocurrency will cost $ 12,000. Therefore, the trader sees the prospects for the positive movement of the Bitcoin cryptocurrency.
— Dave Portnoy (@stoolpresidente) August 14, 2020
The community was quick to discuss the prediction. Well-known in the crypto community podcaster Peter McCormack, in turn, put the stakes higher with $13,000 for BTC.
Nevertheless, it wont be new to the cryptocurrency space if Bitcoin hits $12,000 mark has the digital asset earlier tested this level for about two hours on Monday August 10, 2020.
After Bitcoin was able to break the $10,000, resistance point, traders believed that $12,000 is another breaking point for the cryptocurrency considering the fact that BTC tested that level and was rejected shortly.
An Invitation To Discover More About Cryptocurrency Space
Note, that this is not the first time Dave mentioned Bitcoin this month. A little earlier, the Internet сelebrity invited the creators of the Gemini exchange, the Winklevoss brothers, to visit him. As tweeted by Wall Street trader, he needed the meeting to get more information about Bitcoin.
Winklevoss brothers accepted his invitation as you can see in the video below.
— Dave Portnoy (@stoolpresidente) August 13, 2020
During the meeting, which Dave Portnoy recorded, the guests not only introduced the Wall Street trader to the concept of cryptocurrency but also involved him in his favorite deal – trading.
As a result of the meeting, Dave Portnoy learned more about the Bitcoin mining and blockchain process. Among the Winklevoss brothers’ sayings were “Blockchain is like a scorecard” and “miners are like a referee” to get information in the simple phrases.
With the help of the Gemini crypto exchange, they conducted several transactions with Bitcoin, during which Portnoy acquired a quarter of a million dollars in the first cryptocurrency. At the same time, they also discussed the prospects for altcoins.
Meanwhile, on one of the largest financial media, Financial Times, there was an advertisement placed by the cryptocurrency bank of billionaire Mike Novogratz Galaxy Digital, which presented a call to invest in Bitcoin cryptocurrency.
According to Barry Silbert, CEO of Grayscale Investments, the post was an excellent advertisement for BTC.
Big ad for bitcoin in the FT today from Galaxy Digital. Love it pic.twitter.com/ro05QdvDFf
— Barry Silbert (@barrysilbert) August 13, 2020
Crypto Market Analysis
All cryptocurrencies from the TOP-10 of the CoinMarketCap market capitalization rating are on the upside trend as the week rolls toward shutting down. At the press time, Bitcoin is trading at the level of $ 11,747. During the day, the cryptocurrency rate increased by 1.46%. Ethereum records the best results of the positive movement. In 24 hours, the digital asset rate increased by 10.39%.
Alongside the positive movement of Bitcoin, the hash rate of the first cryptocurrency approached the maximum values.
According to analyst Max Kaiser, updating the cryptocurrency hash rate records is a sign of an asset going into a positive movement.
Earlier, Charles Edwards, an analyst at Capriole Investments, gave a forecast that BTC rate could reach $ 13,000 during this week.