Tag: investment

Mark Haefele of UBS Group AG: Bitcoin Not “Considered a Viable Currency to Invest In” No Comments

In an interview with Bloomberg, the chief investment officer of the world's largest wealth management company, UBS Group AG, has declared his scepticism of Bitcoin and other cryptocurrencies. For Mark Haefele, the lack of government regulation over Bitcoin is a cause for concern, as is the size of market capitalisation of cryptocurrencies in general. He stated that the sum total of all cryptocurre...


$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...


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...


How Bitcoin Price Could Reach $10,000 by the End of 2017 No Comments

Highly regarded investors and financial analysts including billionaire investor Mike Novogratz and RT’s Max Keiser firmly believe that the bitcoin price could achieve the $10,000 mark in the short-term. As Novogratz told CNBC: “I’m pretty confident to say it’s going higher…It would not surprise me if in the next 6-10 months we are over $10,000.” SegWit2x Out of Sight, Institut...


Japan’s Legalization of Bitcoin Led to Rapid Surge in Mainstream Adoption No Comments

The Japanese government’s legalization of bitcoin as a currency has led to a surge in mainstream adoption in the country, as major stores, merchants, and retailers have started to accept bitcoin payments. https://www.youtube.com/watch?v=8cCVAs1Nd7Q Exponential Mainstream Adoption of Bitcoin in Japan Over the past five months, some of Japan’s largest conglomerates including major budget ai...


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...


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