Tag: analysis

Major Financial Platforms are Adopting Bitcoin, What Happens by 2018? No Comments

Some of the world’s largest financial platforms and exchanges that support a variety of investors have started to adopt bitcoin at a rapid pace, providing sufficient liquidity and infrastructure around bitcoin and its market. Integration of Bitcoin by Major Financial Platforms Earlier this week, CME, the global financial sector’s leading options exchange, officially announced that its bitcoi...


$8,000 Short-Term Bitcoin Price Target of Max Keiser: Entrance of Retail Investors No Comments

Max Keiser, a prominent financial analyst and the host of RT’s Keiser Report, has reaffirmed his short-term bitcoin price target at $8,000. Hedge Funds Rush Into Bitcoin Following CME's Bitcoin Futures Listing Throughout this week, following the official announcement of CME Group, the largest options exchange in the world, to launch a bitcoin futures exchange by the second week of December, ma...


Adam Back: Bitcoin has Edge Over Bitcoin Cash in Scaling No Comments

Adam Back, the inventor of HashCash who was cited in the original bitcoin whitepaper released by Satoshi Nakamoto, stated that bitcoin has an edge over Bitcoin Cash in terms of scaling, due to its infrastructure for second-layer payment channels. “SegWit is a bug fix to enable massive scaling on layer 2 and lightning. Bitcoin Cash intentionally removed the bug fix, think about that carefully. B...


Bitcoin Cash Drops From $2,800 to $1,300, What Lies Ahead in Long-Term No Comments

The Bitcoin Cash price has dropped from $2,800 to $1,300 in a matter of hours, as the price of bitcoin rebounded from $5,500 to $6,400. Many bitcoin experts including former Coinbase executive and Litecoin creator Charlie Lee stated that in the long-term, it is less likely that Bitcoin Cash would be able to compete with bitcoin due to its lack of infrastructure and developer activity. Lee st...


BitGo Engineer: Customers are Saving $100,000 in Bitcoin Fees Due to SegWit No Comments

Jameson Lopp, a prominent bitcoin developer and lead engineer at BitGo, revealed that some of the largest customers using bitcoin and blockchain security services of BitGo are saving as much as $100,000 on a monthly basis in transaction fees due to SegWit. Our largest customers who have upgraded to SegWit are saving nearly $100,000 a month in transaction fees. — Jameson Lopp (@lopp) November...


Hedge Funds are Heavily Investing in Bitcoin, as Price Continues to Soar No Comments

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 130 hedge funds exclusive to bitc...


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

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 the SegWit2x hard fork on November 16. A statement co-released by ShapeShift CEO E...


Goldman Sachs Believes Bitcoin Price Will Hit $7,900 in Short-Term No Comments

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 trend analysis and the pr...


Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over? No Comments

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 end in the upcoming years. Reid stated: "Central...


Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next? No Comments

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 OKCoin, Huobi, and BTCC to shut down temporarily...


SUBSCRIBE TO OUR NEWSLETTER