4 Reasons Bitcoin is the World’s ‘Most Compelling Asset’: VC Spencer Bogart

Now is the perfect time to buy bitcoin, according to Spencer Bogart, a partner at Blockchain Capital. Speaking to Bloomberg, Bogart was evangelical about bitcoin, calling it “the most compelling asset in the world right now.” Bogart is notoriously bullish, maintaining a $50,000 price target on bitcoin. Why is he so optimistic during the depths of this crypto winter? He pointed a string of possible catalysts for another bitcoin boom, including global tensions, rising national debt, and the increasing interest from institutions. Let’s go through them one at a time. I find it very difficult to make the case that

The post 4 Reasons Bitcoin is the World’s ‘Most Compelling Asset’: VC Spencer Bogart appeared first on CCN

Dow, Bitcoin Price Wobble While Trump Gives Ridiculous Stock Market Analysis

Neither the Dow nor the bitcoin price made a strong move ahead of Wednesday’s opening bell, though US President Donald Trump’s bombastic stock market commentary provided more than enough entertainment for investors on Wall Street and Main Street alike. Dow Quiet as Stock Market Enters Mid-week Session Shortly before the market open, Dow Jones Industrial Average Futures had declined by 24 points or 0.09 percent, implying a fair value loss of 25.32 points. S&P 500 futures declined 0.04 percent, while Nasdaq futures rose 0.11 percent in pre-bell trading. On Tuesday, all three US stock market indices crept to minor gains,

The post Dow, Bitcoin Price Wobble While Trump Gives Ridiculous Stock Market Analysis appeared first on CCN

Bitcoin Price to Explode at $4,200, Chart Shows a Bottom Now: Analyst

In the past 48 hours, the valuation of the crypto market increased by $13 billion as Bitcoin moved rapidly from $3,600 to $3,900 by 10 percent. Traders are expecting a near-term pullback following a strong movement in the cryptocurrency market. But, economist and analyst Alex Krüger foresees the Bitcoin price surging fast beyond key resistance levels if the dominant cryptocurrency is able to break out of the crucial $4,200 mark in the weeks to come. The time frame during which Bitcoin can initiate a speedy rally from $3,900 to $4,200 remains unclear as the daily volume of the cryptocurrency market

The post Bitcoin Price to Explode at $4,200, Chart Shows a Bottom Now: Analyst appeared first on CCN

Crypto Expert Warns Not to Trust the Bitcoin Rally

The bitcoin price has not bottomed yet, but it’s close — and the sooner it tanks, the better. That’s the assertion of Alex Sunnarborg, a founding partner of New York crypto hedge fund Tetras Capital. “Calling is very difficult,” Sunnarborg told Forbes. “That’s part of the reason I’m really thankful that we’re in the position we are right now. “We can hedge ourselves, remain more neutral, and not have to call that exact price or timing bottom. I’m not confident right now. Our portfolio is relatively neutral. We have cash and short positions.” Sunnarborg Prefers Scorched-Earth Approach Sunnarborg

The post Crypto Expert Warns Not to Trust the Bitcoin Rally appeared first on CCN

Why Nasdaq’s Bitcoin Index is a Bigger Deal Than Most People Realize

On February 11, Nasdaq, the world’s second-largest stock exchange, launched Bitcoin and Ethereum indices to present accurate prices of the two leading crypto assets. Nasdaq’s Bitcoin Index a Likely Precursor to Crypto Investment Products According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a wide range of investment vehicles in the long-term. The analyst said: “NASDAQ to add a bitcoin index on its platform. They are reading the writing on the wall and don’t want to get left behind. There is no stopping this. Adoption happens gradually right in

The post Why Nasdaq’s Bitcoin Index is a Bigger Deal Than Most People Realize appeared first on CCN

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a History Recovery?

bitcoin priceThe US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying a loss of 46.25 points at the open. S&P 500

The post Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a History Recovery? appeared first on CCN

Bitcoin Hits Highest Volume in 9 Months: Is Crypto Ready to Take Off After Massive Gains?

Bitcoin, bitcoin priceIn the last 24 hours, the valuation of the crypto market increased by $8 billion as the Bitcoin price neared the crucial $4,000 resistance level. Major crypto assets in the likes of EOS, Ethereum, and Bitcoin Cash recorded gains in the range of 10 to 30 percent. Most cryptocurrencies have started to see record high volumes across leading cryptocurrency exchanges, demonstrating an increase in demand for digital assets. What is Causing the Rally and Can Bitcoin Sustain its Momentum? Prior to the rapid price movement of Bitcoin from the mid-$3,000 range to $3,995, one cryptocurrency trader said that the volume

The post Bitcoin Hits Highest Volume in 9 Months: Is Crypto Ready to Take Off After Massive Gains? appeared first on CCN

Why Bitcoin’s Forecast is Finally Turning Bullish, Expect a Bitcoin Price Rise

The price of bitcoin is still hovering below the $3,500 mark and volatility seems to be dying fast. Is it strange, then, that SFOX‘ report (a cryptocurrency prime dealer for large-scale investors) places the Crypto market at ‘mildly bullish’ entering February? This is a couple of notches up from its ‘mildly bearish’ tag last month. Why? The institutional broker-dealer SFOX report collects key metrics, including volume, price, and volatility data from eight major exchanges on four leading crypto assets–Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. It then analyzes their global performance. According to the report: Two things stand out in this month’s

The post Why Bitcoin’s Forecast is Finally Turning Bullish, Expect a Bitcoin Price Rise appeared first on CCN

How Fidelity’s Bitcoin Custody Launch in Q1 2019 Crucially Shows Institutional Demand Still Exists

On January 30, Bloomberg reported that Fidelity, the world’s fourth-largest asset manager, is set to launch its Bitcoin custody service by the end of the first quarter of 2019. Three sources who asked to remain anonymous reportedly said that the plans are still private but the firm plans to introduce Bitcoin storage first, followed by Ethereum (ETH) custody. Why Fidelity Pushing Forward With Bitcoin Custody is Meaningful As one of the biggest mutual fund operators in the U.S., Fidelity works with more than 13,000 financial institutions. It established its intent to penetrate into the cryptocurrency sector in late 2018, with

The post How Fidelity’s Bitcoin Custody Launch in Q1 2019 Crucially Shows Institutional Demand Still Exists appeared first on CCN

Bitcoin Price Will Tank to ‘Zero’, Claims Investment Firm Chief at Davos

By CCN.com: Heated debates are warming up the icy snow-capped city of Davos during this year’s World Economic Forum. BOE senior adviser yesterday said that cryptocurrencies were worthless. Today, BCG Digital Ventures founder Jeff Schumacher said Bitcoin price will fall to zero. Schumacher is a top investor and relative veteran in the space. He told

The post Bitcoin Price Will Tank to ‘Zero’, Claims Investment Firm Chief at Davos appeared first on CCN