Tag: trading

$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...


Square Cash App Launches Bitcoin Trading Functions No Comments

Some users of the Square Cash app were surprised this morning to discover that they could now buy and sell Bitcoin using the platform. For those unfamiliar with it, the app can be used to send payments between friends and family. They offer free, instant transactions in dollars, and now, the ability to buy and sell Bitcoin too. Interestingly for a company who specialise in sending and receiving...


Tom Lee of FundStrat: Bitcoin’s Recent Pullback Can Be Easily Explained No Comments

Tom Lee has made no secret of his bullishness for Bitcoin. Back in October, which admittedly seems like forever ago in the crypto space, he explained to Business Insider a technique which his company had been using to predict price changes over time. Based on Metcalfe's law, Lee claims that he can use his equation to explain 94% of the price movement in Bitcoin: If you build a very simple model v...


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...


Black Dog Venture Partners CEO Scott Kelly Claims Bitcoin’s Liquidity Will Cause a Crash No Comments

Bitcoin price predictions are either overly positive or negative. It seems level-headedness is difficult to come by in this regard. Scott Kelly, CEO of Black Dog Venture Partners, claims a Bitcoin crash is imminent. Not because it is overvalued or anything, but how the "massive trading" is problematic. It is the first time someone considers high liquidity a problem for any financial asset. A stran...


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