Bitcoin price potential according to fundamental analysis

Bitcoin price potential according to fundamental analysis of a billion-dollar company is $400,000, Ethereum and XRP price in analysis & latest IOTA update

Welcome to our CryptoMonday weekly review of week 51. As usual, there was again a lot worth mentioning to report this week and so it comes as no surprise that we can once again come up with a whole range of interesting news in the boot in front of the door.

Our topics this week range from a fundamental analysis of a billion-dollar company that sees the Bitcoin price at around $400,000, to the current status quo around the Ethereum price and what Crypto Profit conclusions can possibly be drawn for the entire market, IOTA’s latest update, all the way to Ripple and the current situation of their native cryptocurrency XRP.

And of course, that’s not all by a long shot! But that’s enough of the preface. Enjoy our CryptoMonday weekly review!

Bitcoin price of $400,000 according to fundamental analysis by Guggenheim & further company confirms BTC purchase in the amount of 744 million.

Bitcoin price rises sharply in price and can make gains. The picture shows a price curve and stacked Bitcoins

The Bitcoin price has shot well above its all-time high from late 2017. Many are celebrating this event as a great success, but if experts from the corporate world are to be believed, this is only the beginning.

For example, the CIO of Guggenheim revealed that, according to their fundamental analysis, the Bitcoin price should be around 20 times its current value. Furthermore, another billion-dollar company confirmed that it has invested over $700 million in BTC. But one thing at a time. In this article, we take a detailed look at what’s behind this news.