Novogratz Says Cryptos Are Safe, Expects Bitcoin to Rally In Q1 2019

Mike Novogratz, a prominent cryptocurrency investor, and CEO of Galaxy Investment Partners has toned down his optimism, reiterating that he doesn’t expect a price surge in the price of Bitcoin until institutional adoption occurs, which could happen in the first half of next year. Speaking with Bloomberg’s Erik Schatzker on “Bloomberg Markets: The Close,” the …

Inside the Wall Street Practice that Could Ruin Bitcoin

Note: This is part 3 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, “How did we get to a place that where laws look like this?” In order to understand …

Cryptocurrency is ‘Here to Stay’: CFTC Chairman Giancarlo

Bitcoin may never replace the greenback, but the flagship cryptocurrency could achieve significant adoption in the two-thirds of countries without stable currencies. That statement might sound like a thesis put forward by an early bitcoin adopter, or perhaps a forward-thinking hedge fund manager. In actuality, though, that bullish forecast was issued by J. Christopher Giancarlo, …

Bitcoin is Reversing, 2 Catalysts Will Drive it Higher in 2018

Throughout 2018, Bitcoin has continued to record lower highs, testing major resistance levels at $10,000, $8,000 and $7,000. According to Fundstrat’s Tom Lee, the stability of Bitcoin at $6,000 regardless of its lower highs is optimistic. In early 2018, Fundstrat emphasized in a report that the $6,000 level will likely be held by Bitcoin in …

A Bitcoin ETF is Inevitable, but Damaging

Author of the book ‘Mastering Bitcoin’ and noted bitcoin advocate Andreas Antonopoulos believes that a Bitcoin ETF is imminent. However, he insists that the long-term implication of such fund will do more harm than good for the original cryptocurrency. Intermediary Bitcoin ownership Antonopoulos described an exchange traded fund(ETF) as a fund that has a custodian …

Bitcoin Price Could Fall to $3,000, Says One of Crypto’s Most Bullish VCs

Anthony Pompliano, founder and partner, Morgan Creek Digital Assets has predicted that bitcoin could fall as low as $3,000 in a complete turnaround from one of the market’s most bullish positions. In a post, Pompliano stated that his January prediction of a $50,000 year-end bitcoin price was wide of the mark by as much as …

Bitcoin Etfs Are a ‘Terrible Idea’, Says Bitcoin Advocate Andreas Antonopoulos

Bitcoin advocate Andreas Antonopoulos offered his opinion on Bitcoin ETFs in a rather foreboding video released on August 14. He first explained the concept of an ETF or exchange-traded fund as a fund that has a custodian or manager that creates a special financial instrument that is similar to a stock. In the case of Bitcoin …

‘Rich Dad, Poor Dad’ Author Is Bullish on Bitcoin, Says USD Is a Scam

Robert Kiyosaki, the author of the famous financial self-help book Rich Dad, Poor Dad, has described the US dollar as a scam, declaring that bitcoin and other cryptocurrencies are “currencies of the people” that will outlive fiat currency. ‘The Dollar is Toast’ Speaking with Kim Hughes on the Sane Crypto Podcast in which he excoriated the dollar, …