‘Stay the Course’: Billionaire Bitcoin Bull Mike Novogratz Has Advice for the Bitter Crypto Winter

Mike Novogratz — the CEO of cryptocurrency merchant bank Galaxy Digital — admits that the Crypto Winter will probably last longer than he had anticipated. However, the Goldman Sachs alum still believes that institutional investors will eventually enter the market, and remains an avowed bitcoin bull. Mike Novogratz ‘Very Confident’ of Institutional Entry Novogratz tweeted: “Don’t think we head north for at least a few more months. Always take longer for institutions to move. Very confident they will. Tons of activity under the hood. Stay the course.” Realizing having tweeted about crypto in a while. It’s a grind. Don’t think we head

‘Stay the Course’: Billionaire Bitcoin Bull Mike Novogratz Has Advice for the Bitter Crypto Winter by CCN

Who is Actually Going to Buy Iran’s New Cryptocurrency?

Iran is creating a state-backed cryptocurrency. The options for the digital token are currently open. Reportedly, it’s initially only for crypto companies to do business with the Central Bank of Iran. Later, it will be used as a means to facilitate payments between Iran and other countries for goods and services. Iran was kicked off the SWIFT network last year, essentially disabling their ability to trade efficiently. In response, Russia and other partner nations announced they’re working on a SWIFT-alternative using the blockchain. Worth Less Than A Satoshi After 87 Years The Iranian rial is currently equivalent to $0.000024. To

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Bitcoin Could Fall Below $1,260 if the Bear Market Continues: JP Morgan Analysts

By CCN.com: Wall Street firm JP Morgan has predicted that HODLers should expect to experience more pain if the crypto winter persists. According to JPMorgan analysts, the price of bitcoin could fall to as low as $1,260, Reuters reports. The same analysts have, however, estimated that bitcoin’s ‘cost support’ is at around the $2,400 level.

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PayPal CEO Shades Bitcoin: ‘We’re Not Seeing Many Retailers Accept Cryptocurrencies’

By CCN.com: PayPal CEO Dan Schulman expressed skepticism about mass merchant adoption of bitcoin, noting that there are very few retailers that currently accept crypto. Schulman made the remarks Wednesday (Jan. 23) at the 2019 World Economic Forum in Davos, Switzerland. “We’re not seeing many retailers at all accept any of the cryptocurrencies,” Schulman told

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Bitcoin Won’t Succeed as Money: Pantera Capital CIO Joey Krug

Pantera Capital’s CIO Joey Krug has written an extensive thesis stating Bitcoin won’t succeed as money. He stated that cash and payments are not the primary areas where blockchain technology catalyzes a paradigm shift. While Bitcoin may become digital gold, it cannot succeed as money given its volatility. Moreover, a dynamic monetary policy doesn’t exist

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Winklevoss Twins: Bitcoin Needs Regulation so Investors Don’t Get Burned

The crypto market hasn’t fully recovered from the effects of 2018’s “crypto winter,” with the Bitcoin price dipping below the $3,500 mark on Sunday before making a minor recovery. However, Cameron and Tyler Winklevoss, co-founders of crypto exchange Gemini, are sticking with their optimistic outlook for the market. Speaking in an interview with Fortune, the Winklevoss twins

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Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of

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An Easy 25 Percent: ‘Bond King’ Jeffrey Gundlach Predicts Bitcoin Price Gains

Jeffrey Gundlach, the CEO of DoubleLine Capital who manages over US$200 billion in assets, has a tip for speculators – bitcoin price could rise to $5,000. According to CNBC, the Wall Street veteran who has earned the nickname “Bond King” for his expertise in bond investing, made the call in a webcast titled ‘Just Markets’:

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Bitcoin: Crypto Hedge Fund Says ‘We’ll See More Lows Before We Head Higher’

Technical analysts believe the Bitcoin price is at a turning point. Using the GTI VERA Bands Indicator, a new Bloomberg article suggests that the flagship cryptocurrency could be “on the brink of a large move.” It could go either way, the indicator suggests. Bitcoin price moves over the past 18 months prove surprises could be

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Here’s Why Bitcoin’s Future is so Bright: Digital Currency Group Exec

Bitcoin tanked in 2018, but the future of cryptocurrencies remains bright because you can’t stop progress. That’s the assessment of Travis Scher, a vice president at crypto investment firm Digital Currency Group. “2019 will be volatile, entertaining, and full of surprises,” Scher wrote in a Medium post. “But I am confident that the stress caused by the 2018 crash

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