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Hedge Funds are Heavily Investing in Bitcoin, as Price Continues to Soar

November 9, 2017 Joseph Young 0

In the past 12 months, the demand for bitcoin from the traditional financial industry has significantly increased, pressuring hedge funds and large-scale investment firms to include bitcoin and cryptocurrencies as a major part of their portfolios. In an interview with Nathaniel Poppers of the New York Times, research firm Autonomous Next revealed that more than … Continue reading Hedge Funds are Heavily Investing in Bitcoin, as Price Continues to Soar

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Strong Case For $8,000 Bitcoin Price in 2017, No SegWit2x and CME Futures

November 8, 2017 Joseph Young 0

It is highly likely that the bitcoin price will surpass the $8,000 mark by the end of 2017, as SegWit2x has been called off by it supporting businesses and developers. Earlier today, BitGo CEO Mike Belshe released an official statement in regards to the termination of SegWit2x due to a lack of consensus to pursue … Continue reading Strong Case For $8,000 Bitcoin Price in 2017, No SegWit2x and CME Futures

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Goldman Sachs Believes Bitcoin Price Will Hit $7,900 in Short-Term

November 7, 2017 Joseph Young 0

Sheba Jafari, vice president at Goldman Sachs FICC Market Strats team, believes the bitcoin price will surpass the $7,900 mark in the short-term. “The market has shown evidence of an impulsive rally since breaking above 6,044. Next in focus [$]7,941. Might consolidate there before continuing higher,” said Jafari. $7,941, a Realistic Target? Jafari’s bitcoin price … Continue reading Goldman Sachs Believes Bitcoin Price Will Hit $7,900 in Short-Term

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Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?

November 5, 2017 Joseph Young 0

Deutsche Bank lead strategist Jim Reid believes the reign of fiat money could soon end and cryptocurrencies like bitcoin could take over the global financial market. In a recently released research paper, Reid delve extensively into the unstable fiat currency system and firmly stated that the fiat currency system will highly likely come to an … Continue reading Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?

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Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

November 5, 2017 Joseph Young 0

Over the past two weeks, the bitcoin price has demonstrated a meteoric rise in value, increasing from $5,400 to $7,300, without the existence of a major market in China. In September, the Chinese government and its central bank the People’s Bank of China (PBoC) cracked down on cryptocurrency trading, requesting leading bitcoin exchanges such as … Continue reading Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

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Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

November 5, 2017 Joseph Young 0

Over the past two weeks, the bitcoin price has demonstrated a meteoric rise in value, increasing from $5,400 to $7,300, without the existence of a major market in China. In September, the Chinese government and its central bank the People’s Bank of China (PBoC) cracked down on cryptocurrency trading, requesting leading bitcoin exchanges such as … Continue reading Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

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Bitcoin is Already More Valuable Than Many National Currencies Like Malaysian Ringgit

November 5, 2017 Joseph Young 0

Highly regarded bitcoin developer and BitGo lead engineer Jameson Lopp created a clone of the global M1 index, a metric used evaluate the money supply of a country, to observe bitcoin’s ranking amongst some of the world’s most widely used and accepted currencies like the US dollar and Japanese yen. I made a clone of … Continue reading Bitcoin is Already More Valuable Than Many National Currencies Like Malaysian Ringgit

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Is Bitcoin Price en Route to Reaching $10,000 by the End of 2017?

November 4, 2017 Joseph Young 0

Over the past week, the bitcoin price has surged from around $6,500 to $7,400, as the market continued to demonstrate optimism towards the launch of bitcoin futures exchanges by some of the largest markets in the US such as CME and CBOE. Several prominent financial analysts including Max Keiser have hinted this week that it … Continue reading Is Bitcoin Price en Route to Reaching $10,000 by the End of 2017?

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China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x

November 4, 2017 Joseph Young 0

Star Xu, the CEO of OKCoin, the largest bitcoin and cryptocurrency exchange in China, has publicly condemned SegWit2x, describing it as a “shitcoin.” Xu stated: “Personal advice is B2X should not be listed. It’s a shitcoin but remove replay attacks protection.” Charlie Lee, the creator of Litecoin and former Coinbase executive, agreed with the statement … Continue reading China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x

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Is Amazon Preparing to Integrate Bitcoin and Cryptocurrencies?

November 2, 2017 Joseph Young 0

On November 1, various sources revealed Amazon Technologies, Inc., a subsidiary of Amazon.com, Inc., acquired three cryptocurrency-related domains including “amazonethereum.com,” “amazoncryptocurrency.com” and “amazoncryptocurrencies.com.” Coindesk: Amazon subsidiary registered three cryptocurrency domains. Is Amazon preparing to integrate #bitcoin and other cryptocurrencies? 🚀 pic.twitter.com/znT5aCPgic — Joseph Young (@iamjosephyoung) November 1, 2017 Amazon’s Interest in Bitcoin and Cryptocurrencies For … Continue reading Is Amazon Preparing to Integrate Bitcoin and Cryptocurrencies?

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