Bitcoin Weekly News - Bitcoin Weekly Updates

Bitcoin Weekly News – Bitcoin Weekly Updates 2-20-2023

The previous Bitcoin weekly news update had some negative news about Bitcoin. Still, most analysts were expecting the price to go to the $24,000-$25,000 range. And surprisingly, Bitcoin reached those levels within a few days. Investors are now concerned about Bitcoin’s price may perform after such a sharp recovery.

The following Bitcoin news may provide some clarity about the upcoming direction of Bitcoin’s price.

Bahrain’s Leading Hotel Now Accepts Bitcoin

Bitcoin Weekly News

Novotel Bahrain Al Dana Resort, a luxury resort in Bahrain, has now started accepting cryptocurrency as a viable form of payment. Some other hotels on the Arabian Peninsula like W Dubai have also decided to adopt the digitization of financial assets. Novotel Bahrain Al Dana Resort has partnered with Eazy Financial Services to facilitate the guests who want to pay with cryptocurrencies.

The guests can use their Binance application to pay for the services of the hotel in different outlets. The Central Bank of Bahrain has also authorized this move of Novotel Bahrain Al Dana Resort. The continuously increasing adoption of Bitcoin and other cryptocurrencies is an indication that the price of Bitcoin will eventually rise in the future.

Zambia is Testing Technology to Regulate Cryptocurrencies

Felix Mutati, Zambia’s Minister of Science and Technology, has stated that the security regulators are testing the technology in collaboration with the Bank of Zambia to regulate cryptocurrency. He said that blockchain technology can help with getting to “the future the country desires to achieve”.

Mutati further explained that Zambia has emerged as an attractive destination for investors. The minister believes that the adoption of blockchain technology will play a vital role in the development of Zambia’s economy.

It’s also worth knowing that the Bank of Zambia is also exploring the pros and cons of launching a central bank digital currency (CBDC) that may help in the advancement of the country’s financial inclusion.

Bitcoin Price Prediction by Mike Novogratz

During a Bank of America conference, Mike Novogratz, the CEO of Galaxy Digital, said that Bitcoin’s price may reach $30,000 in the next month because public sentiment is too high. He further said that he was expecting the price to reach this level during 2022. But the price got shaken due to FTT.

It’s also worth noting that last year Novogratz predicted that Bitcoin’s price will reach $500,000 over the next five years. But based on the price action, he revised his forecast in December saying that it will now take more time to reach that price point.

Robert Kiyosaki, the author of Rich Dad Poor Dad, is also hopeful that Bitcoin’s price will hit $500,000 by 2025.

NFT Sales have Significantly Increased in the Past Week

As compared to the previous week, the sales of NFT assets have increased by 43.97%. The number of buyers has increased by 77% this week. The NFT market has seen a total sale of $398 million. Ethereum has led sales by achieving a total of $360 million in sales. Solana has also achieved a total of 18 million in sales.

Otherdeed was the leading collection of Non-fungible tokens that secured $47 million in sales this week. Mutant Ape Yacht Club, Moonbirds, Azuki, and Bored Ape Yacht Club are other NFT collections that have contributed to boosting NFT sales this week.

Mark Cuban’s Bullish Sentiment about Bitcoin

Mark Cuban, an American Billionaire entrepreneur, said in an interview with Bill Maher that he wants Bitcoin’s price to drop so that he can buy more. Mark has a bullish sentiment about Bitcoin that’s why he prefers investing in digital assets over gold.

Mark made this statement when Bitcoin’s price jumped to $24,655.94. Despite the regulatory actions of the US government, the price of Bitcoin increased by 10% within a single day. Mark made a controversial statement by calling gold investors dumb. He said that gold doesn’t protect wealth during the crisis.

Keanu Reaves’s Statement About Bitcoin

Keanu Reaves, the famous Hollywood Actor, praised cryptocurrency during an interview with Wired saying that the idea behind an independent currency is amazing for the distribution of resources. He further said that the dismissal and criticism work as fuel for cryptocurrency. In December 2021, Reeves revealed that he owns cryptocurrency a friend purchased for him.

He also described how he became an advisor to the Futureverse Foundation. He said that he’s working with this foundation to provide opportunities to artists who have different viewpoints.

Bitcoin Weekly Update by Crypto Rover

Bitcoin Price Prediction

Crypto Rover is an experienced analyst who recently drew a comparison between 2019’s bear market and the recent bear market. He drew a trendline on both charts showing that the price action is almost the same. It means he’s expecting a strong upside move from the current price levels.


The recent Bitcoin news and updates suggest that the adoption of cryptocurrencies is growing, and this trend is likely to continue. Additionally, the increase in NFT sales and bullish sentiments from figures like Mark Cuban and Keanu Reeves indicate a positive outlook for cryptocurrencies. Overall, the cryptocurrency market remains dynamic and continues to evolve, with both positive and negative news affecting its performance.

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