Bitcoin Price Holds Above $9k, Week’s Other News

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

Bitcoin Price

Following last week’s contested Xi-pump, could bitcoin price capitalize on the move and post further gains?

Initially, it seemed like that could well happen as a late Sunday pump took price over $9,600. One analyst noted that it would only take 9 further days of 20%+ gains for BTC to hit $50k.

Analysts were coming out of the woodwork with increasingly bullish price predictions, including one which had BTC priced in the millions, but was over a decade away. Perhaps more tangible was a target of $20k by the end of 2019.

Fundstrat’s Tom Lee declared the interim ‘risk-off’ to have ended and the bull market resumed. BTC price, of…