A partner at venture capital firm Blockchain Capital says Bitcoin is a safe haven in the long run but it might not withstand severe crises. Spencer Bogart, a general partner at venture capital firm Blockchain Capital, thinks that Bitcoin (BTC) will be a safe haven in the long term. However, he has a nuanced view […]
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Cryptocurrencies like Bitcoin will help drive gold price higher, according to veteran frontier markets investor Mark Mobius. Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will boost the price of gold. Canadian finance news outlet BNN Bloomberg interviewed Mark Mobius on Aug. 20. The legendary investor believes cryptocurrencies will help the rise of gold. […]
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Morgan Creek Capital CEO Mark Yusko dismisses daily price tracking of Bitcoin, calling the currency a “chaos hedge, or schmuck insurance.” Morgan Creek Capital CEO Mark Yusko called Bitcoin (BTC) a “chaos hedge, or schmuck insurance,” in an interview with CNBC Fast Money on Aug. 14. Yusko made the comment while explaining the folly in […]
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Cryptocurrency mining company CoinMine has completed a $2.5 million round of seed funding, earmarked for developing the all-in-one mining machine, Coinmine One. Cryptocurrency mining company CoinMine has received a fresh injection of funds from a $2.5 million seed round led by the investment company M13. Coinmine announced the successful fundraiser in an official blog post […]
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Even with further losses, Bitcoin is technically performing much better than in its 2015-17 bull phase, says Peter Brandt. Bitcoin (BTC) price dropped below $10,000 Aug. 15 as another day of losses sent the largest cryptocurrency back to four figures. Market visualization. Source: Coin360 Analysts shake off bearish Bitcoin signals Data from Coin360 tracked Bitcoin’s […]
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Former Goldman Sachs analyst turned Bitcoin maximalist Murad Mahmudov believes the top cryptocurrency will hit $100,000. Former Goldman Sachs analyst turned Bitcoin (BTC) maximalist Murad Mahmudov believes the top cryptocurrency will hit $100,000. “Zoom out & think big” In a tweet posted on Aug. 13, Mahmudov — who serves as chief information officer (CIO) at […]
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Political events saw the peso devalued by 30% against the US dollar overnight. Bitcoin (BTC) continues to trade at a premium in Argentina after a sharp currency devaluation sent investors running for a safe haven. Argentine peso plunges 30% Data from local cryptocurrency exchange Buenbit put Bitcoin trading around $11,750 at press time Aug. 13, […]
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Naughty North Korea has stolen billions in crypto, India could be missing out on billions in crypto, and Litecoin’s halving disappoints. U.S. Federal Reserve launching payment system, crypto bulls nonplussed The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known […]
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Global monetary easing will continue pushing Bitcoin price higher, analysts say. China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for […]
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Multiple hints are converging to suggest that the trajectory of Bitcoin price in the short-term is up, not down. Bitcoin (BTC) price was heading back towards $12,000 Aug. 8 as the largest cryptocurrency remains a firm buy, even at higher price levels. Market visualization. Source: Coin360 Bitcoin price bulls forecast further growth Data from Coin360 […]
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