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Nick Marinoff



Articles by Nick Marinoff

Inigo Fraser-Jenkins Has Become a True BTC Fan

1 day ago

It’s always pleasurable to see a one-time bitcoin skeptic get turned into a believer, and that appears to be the case with Inigo Fraser-Jenkins, the co-head of portfolio strategy at Bernstein Research.Fraser-Jenkins: I See BTC Differently, NowIn a recent note to his clients, he has commented that everyone needs to make room in their portfolios for bitcoin and other cryptocurrencies. What’s the big clincher? Fraser-Jenkins was once a bitcoin skeptic, but he now appears to be far more open-minded about the subject. His note even reads:I have changed my mind about bitcoin’s role in asset allocation.While he believes that bitcoin is on a solid run (the currency has recently spiked beyond the $19,000 level), he says that it’s primarily the coronavirus pandemic that has caused him to change his

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What Makes This Bitcoin Bull Run the Opposite of 2017?

1 day ago

Bitcoin is enjoying a historic run. The currency recently beat out its previously set all-time high, which occurred in December of 2017. Now, the currency has settled down a bit, but remains above $19,000 at the time of writing.Bitcoin Is Exploding As of LateMany are wondering if a setback is likely to occur this time around. That’s a big fear considering how similar this bitcoin run has been to the one from three years ago. As we all remember, the currency rose to nearly $20,000 per unit during the Christmas season of 2017, but just a few weeks later, the asset found itself dropping. By the beginning of February 2018, the currency had lost more than $10,000 off its price.Not long ago, the currency suffered a slight retrace that brought it back down into the $17,000 range, though the

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BTC-Fan MicroStrategy Sees Its Stock Double

2 days ago

MicroStrategy has done quite a lot with bitcoin this year. It’s earned a solid reputation from its customers as a result, and now, shares in the firm have almost doubled in the past few months.MicroStrategy Has Reached the TopMicroStrategy has been the subject of many a headline in the past several weeks given that it’s one of the first major institutional firms to come out and mention that it will be purchasing bitcoin. When the news finally emerged, it turned out that the company hadn’t just bought bitcoin… It was practically swimming in it. MicroStrategy bought more than $400 million worth of the world’s number one digital currency by market cap.However, things didn’t quite stop there. The company’s CEO Michael Saylor came out to mention just how confident he was in bitcoin. He stated

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Russia’s Sberbank Seeks to Create Its Own Digital Asset Next Year

2 days ago

One of Russia’s largest banks – known as Sberbank – says that it’s potentially looking to issue its own cryptocurrency sometime next year.Sberbank Is Joining the Crypto BandwagonThe coin – which would be known as Sbercoin – will be issued directly by the financial institution as part an experiment through its recent partnership with JPMorgan, which in the past, has also taken the liberty of issuing a cryptocurrency all its own known as JPM Coin. Many banks and financial enterprises throughout the world have sought to release their own cryptocurrencies in recent months following news that China is issuing digital versions of the yuan, its native currency.Herman Gref – CEO of the Russian banking group presiding over Sberbank – says that the cryptocurrency will likely be issued after January

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Winklevoss Twins: Bitcoin Is Going to Get Much Bigger

2 days ago

Tyler and Cameron Winklevoss – the founders of the Gemini Exchange in New York – recent mentioned in an interview that they’re extremely confident bitcoin will reach a price of roughly $500,000.Winklevoss Twins: Bitcoin Will Reach $500KWhile this isn’t likely to occur right away, they’re confident the spike will happen within the next ten years, so we can likely expect to see bitcoin reach this pinnacle before 2030. The world’s number one cryptocurrency by market cap is making headlines this morning as for a brief period during the early hours, bitcoin managed to reach its all-time high, which it first attained in December three years ago.The currency had been in something of an unstable elevator ride since then, losing more than 70 percent of its value by the end of 2018 and falling all

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Bitcoin Comes Within Inches of $20K Per Unit

3 days ago

Bitcoin has come extremely close to reaching its all-time high yet again. The currency is presently trading for well over $19,000 again, a price it first reached about a week ago today. At the time of writing, one unit of bitcoin is worth just under $19,400.Bitcoin Is Once Again Reaching for the StarsAs we all remember, bitcoin first jumped to the moon back in late December of 2017. The currency rose all the way to nearly $20,000 per unit, and many analysts believe that the same scenario is likely to occur this year as well. There was some concern recently as the asset experienced a massive drop that saw it trading in the low $17,000 range just a few days ago.This was a $2,000 drop from where it had been previously, but as we recently saw, the currency has begun to make its way back to the

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Bitcoin Adds Another $400 to Its Price

3 days ago

Bitcoin – the world’s number one cryptocurrency by market cap – has shot past the $18,200 mark at the time of writing. Yesterday, the currency was trading for about $400 less, which in turn, was an $800 jump from its previous price of around $17,000. This was a $2,000 drop from its previous price of $19,000, the highest it had been all year.Bitcoin Continues to Recover From its Recent FallThis is just more proof that the fall was likely a major fluke of sorts. A jump to $19,000 is quite a step for a currency that spent the latter half of last year and the first half of 2020 trapped in the doldrums. Thus, bitcoin is reaching new pinnacles, but it has also done so quite swiftly, having gone from just under $4,000 to the $19,000 mark within a matter of eight short months.This is a huge jump

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Didi Taihuttu and His Family Are Putting Everything They Have Into BTC

3 days ago

Getting involved in bitcoin and cryptocurrency can be quite risky. Digital currencies are known for being extremely volatile and vulnerable to outside market influence, but according to Didi Taihuttu and his family, not getting involved in bitcoin would have been even risker.Didi Taihuttu Sees Bitcoin As More Than Just a CurrencyTaihuttu is a 39-year-old husband and father of three children. Presently, they all live in a 2,500 square foot that they’re selling – along with everything else they own, including their bikes, their furniture, even their shoes. After getting money from the sales, they traded that cash in for bitcoin and are now waiting for the currency to take off.Taihuttu is confident in the future of bitcoin and claims that the financial market is switching over to be strictly

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Count Guggenheim Partners Is Latest Institution to Turn to BTC

4 days ago

So many institutional companies have looked to bitcoin this year to attain their financial hopes and dreams, and now another one is being added to the list that already contains big names such as MicroStrategy and Square. The company is called Count Guggenheim Partners LLC, and it’s making a big bet on the world’s largest cryptocurrency by market cap.Guggenheim Is Turning to BitcoinThe firm is presently placing some of the money from its Macro Opportunities Fund – presently worth $5.3 billion at the time of writing – into the Grayscale Bitcoin Trust. Grayscale is specifically invested in BTC and regularly monitors the price and expenses associated with the digital currency.In a statement, executives of Guggenheim mentioned:The Guggenheim Macro Opportunities Fund may seek investment

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New Van Eck Bitcoin Note Gives Hope to Traders

4 days ago

Van Eck Associates Corp. has introduced a bitcoin exchange-traded note on a German crypto exchange. The trading platform is known as the Deutsche Boerse Xetra Exchange, and the company is trying to take advantage of the crypto wave that has been swelling and getting higher over the past few months.Van Eck Continues to Move ForwardVan Eck has always been there to push bitcoin when people most need it. Last year, the company was widely considered the frontrunner when it came to getting a bitcoin exchange-traded fund (ETF) approved by the Securities and Exchange Commission (SEC). Sadly, things didn’t quite work out the way the company or crypto traders had planned, but executives have clearly shown that they’re not giving up, and they’ll always be there to ensure crypto gets its moment in the

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Is Bitcoin Returning to Form? Gains $800 in One Day

4 days ago

Bitcoin has recovered somewhat since its recent drop into the low $17,000 range. Just yesterday, the currency was trading for slightly over the $17K line, but the asset has since added about $800 to its price and brought itself up out of the gutter. The currency is not where it was during the early portion of the week, though it is beginning to show signs of recovery.Bitcoin Is Coming BackThese last two months have been huge for bitcoin given how much attention and praise it’s gotten. Things really took off when PayPal decided to give people a chance to purchase bitcoin and other forms of digital currency through its website. They could also buy items and services with crypto. This is what allegedly caused bitcoin to spike from the low $10,000 range to about $13,000 in about a

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Bitcoin Continues to Stay Strong Thanks to PayPal

5 days ago

At the time of writing, bitcoin has taken a bit of a nosedive, though at $17,800, the currency is doing somewhat better than it was about 24 hours ago. The currency initially lost more than $2,000 off its price to trade in the low $17,000 range, and many analysts began to show some concern that BTC’s all-time high wouldn’t be reached this year.Bitcoin Buying Is Continuing to SurgeHowever, prior to all this negative hoopla, the currency was ascending like it never had before. Quite frankly, one could still argue that it’s in a solid place, and many individuals couldn’t help but rack their brains for an answer regarding why the world’s largest and most popular digital asset – which had been trapped in a rather lackluster position over the past year and a half – was suddenly on the

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Could Libra Be Available Within the Next Two Months?

5 days ago

Facebook’s new cryptocurrency and digital payment system, Libra, could be ready for release early as January of next year.Libra Is Potentially Ready for a RolloutThe news surrounding the release of Libra has been circulating throughout crypto newsrooms for more than a year and a half. Since June of 2019, the currency has been permeating analysts’ minds. They have wondered many questions, a big one being “What would Facebook gain from cryptocurrency?”The project has puzzled many people. Facebook is a social media platform. Now, it suddenly wants to perform a complete 360 and turn itself into one of the biggest digital currency platforms the world has ever seen. Libra is not specific to any region. In fact, Mark Zuckerberg – the CEO of Facebook – and many other executives familiar with the

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Bitcoin Takes a Nosedive; Shaves Off Roughly $2,000

5 days ago

Well, it looks like things have taken a turn for the worse. Bitcoin, the world’s largest cryptocurrency by market cap, has collapsed by roughly $2,000, falling from about $19,000 before Thanksgiving to $17,000.Bitcoin Loses Quite a Bit of MomentumWhy, suddenly? The currency was making many traders believe that things were well underway to repeat themselves as they were in 2017. While we’ve still got a month left in 2020 and the currency could easily turn itself around in that time, this is not a great signal.Bitcoin isn’t the only asset that has fallen into negative waters. Several leading digital assets, including bitcoin cash, Ethereum, Litecoin and Chainlink, have also retracted somewhat over the past 48 hours. Overall, as much as $50 billion was lost from the cryptocurrency arena.Sui

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PR Expert Claims Social Media Is One of Crypto’s Largest Tools

6 days ago

The crypto space is big, but it’s not that big. In fact, a new survey suggests that roughly 60 percent of Americans either don’t know what cryptocurrency is or have no experience with it. However, according to Jonathan Jadali, social media is playing a huge role in getting the word out there about the world’s latest trading space.Social Media Is a Big Tool for BTC and Other Forms of CryptoJadali has been involved in crypto trading since the age of 18. He’s now the successful owner of a public relations agency devoted to cryptocurrency, and he says that social media has been one of the biggest tools for attaining new followers and bringing people aboard the crypto train. In a recent interview, he states:There’s a ready market for crypto-related information and a growing list of people now

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Bitcoin Latinum Seeks to Enhance Crypto Transaction Speeds

6 days ago

Bitcoin Latinum, which is described in a press release as a “next generation” bitcoin fork, is now ready and available for trading. The asset is being released to the public through a new pre-sale launch, which will take place on bitcoinlatinum.com, while the currency will become generally available to crypto exchanges and traders everywhere beginning in early 2021.Bitcoin Latinum Will Allegedly Improve Real-Time UsageThe currency is set to trade under the symbol LTNM, while more than 888 million units of the token will be available.Bitcoin Latinum is an “enhanced bitcoin fork,” meaning that it can potentially improve speed limits for transactions and improve real-time usage for bitcoin and other cryptocurrencies that utilize its technology. One of the biggest problems with bitcoin,

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Anthony Pompliano: BTC Could Reach $100K Soon

6 days ago

Co-founder and partner of Morgan Creek Digital Anthony Pompliano has always been a major bitcoin bull. He’s recently emerged to let all traders know that he thinks bitcoin could potentially reach a price of around $100,000 by next year.Anthony Pompliano: As Confident As Ever in BTC2020 has been rocky from the start, but to say it hasn’t been kind to bitcoin would be a huge falsehood. The world’s number one cryptocurrency by market cap has seemingly surged by more than 160 percent since the beginning of the year when it was first trading for around $7,000.From there, the currency experienced some major pitfalls thanks to the coronavirus after spiking all the way to $10,000, though things eventually revamped themselves for the coin and the asset jumped back to five-figure territory in July.

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Todd Gordon Predicts $70K+ Price for Bitcoin

7 days ago

The price of bitcoin has continued to exceed expectations during these final months of 2020, and as things grow from where they were just eight months ago in March, many analysts are predicting that 2021 is going to be a year fully devoted to the world’s number one cryptocurrency by market cap. Figures such as Todd Gordon – founder of TradingAnalysis.com – believe that the asset could spike as high as $74,000 by next year.Gordon: Bitcoin Will Soon Explode Like We’ve Never SeenTo come up with his recent prognosis on the status of bitcoin and where he thinks it will go, Gordon used what’s known as the Elliott wave theory, which he describes in a recent interview. He explains:It’s hard to give bitcoin an intrinsic fundamental value because there’s pretty much a finite supply… It’s a wonderful

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The Growth of Ripple Is Possibly Outshining That of Bitcoin

7 days ago

Bitcoin has been doing rather well as of late, but what about some of the world’s smaller coins? Assets like Ripple (XRP)?Ripple Is Doing Rather Well as of LateIt’s clear that bitcoin has been hogging up all the attention lately. The currency’s run all the way past the $19,000 mark is making a huge impact on traders and industry experts alike, but it the midst of all the hype and hoopla surrounding bitcoin and larger digital assets, it appears we’ve forgotten about some of the smaller competitors that make the crypto space what it is today. Assets like Ripple, which according to one source, has been shooting up so much it practically puts bitcoin to shame.The currency may not be equal to bitcoin in terms of size and scope, but there’s no doubt the asset has been doing rather well as of

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Catherine Coley: Bitcoin Is Jumping Thanks to All the New Buyers

7 days ago

As of late, bitcoin appears to be traveling on a rocket ship to the moon. The currency recently struck the $19,000 price for the first time in roughly three years, and many analysts think that the asset is likely to continue its bull run into 2021.Bitcoin Is Spiking Because People Are Buying ItSeveral industry experts are pondering what could potentially make bitcoin travel so high in such a short period. Is it the fact that fiat currencies such as USD are suffering from economic inflation? Is it the news that coronavirus cases are surging throughout the world? These could all be contributors, but according to Catherine Coley – the CEO of Binance.US – the reason is the high number of first-time buyers that keep entering the space as of late.This appears to be a classic case of FOMO or fear

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Bitcoin Strikes $19K for First Time Since 2017

8 days ago

The price of bitcoin has shot up to the $19,000 range for the first time since the end of 2017. The currency is well underway to hit its all-time high again within the next few days or weeks.Bitcoin Continues to Prove ItselfBitcoin has a had a rough and tumble year in a lot of ways, but for most traders, the currency has proven itself to be a strong, resilient and worthy asset. Portfolios everywhere bearing crypto and bitcoin are likely seeing sharp rises as the currency is now trading for just under the $20,000 mark.Initially, the currency started the year out at around $7,000, though it wasn’t long – approximately one month – before bitcoin struck five-figure territory and saw itself trading for around $10,000 by the middle of February. However, the following month, the coronavirus

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GoDaddy Is Latest Victim of a Crypto-Based Cyberattack

8 days ago

A cryptocurrency-based cyberattack has made its way into the offices of GoDaddy, an web domain provider. The big clincher is that the company’s employees were utilized to do the job.GoDaddy Compromised; Crypto Site Traffic Misdirected2020 has been the year of many things when it comes to crypto. It’s been the year of a mega bull run in the middle of a widespread pandemic. It’s been the year for institutions getting involved in bitcoin, but it’s also been the year of cyberattacks in many ways. There have been so many attempts at crypto theft – some of which have been rather successful – that it really causes one to think about security and wonder why things haven’t improved enough since the days of Mt. Gox and Coincheck.One of the big ones this year occurred through Twitter. A hacker took

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Analysts Agree: A New All-Time High for Bitcoin Will Soon Arrive

8 days ago

Analysts and industry experts have been jumping back and forth about where they think the future of bitcoin lies. The currency has been booming like it never has before, jumping beyond the $18,500 line and surging to its highest position since late 2017. Some are convinced that the bull run is going to continue well into 2021, and that the asset is likely to hit a new all-time high.Bitcoin Has MaturedMore than anything, the question that’s likely on every analyst’s mind is whether things are different this time around. Three years ago, the currency hit a price of nearly $20,000 per unit, and the currency was doing better than it had in years. That said, 2018 brought about a real sense of gloom and doom considering the currency found itself trading for roughly 70 percent less by the time

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Smaller Assets Like Ethereum Are Booming As of Late

9 days ago

It looks like everyone has been so obsessed with bitcoin as of late that people have forgotten about some of the smaller coins that the asset is known to compete with. Currencies such as Ethereum, Litecoin, Ripple’s XRP and Chainlink.Ethereum and Smaller Assets Are Also BoomingTo an extent, we can’t blame individuals for looking away considering how well bitcoin has been doing. The currency has reached its highest point in three years and is presently trading for well over $18,500. At the same time, we must realize that while bitcoin is a big and powerful entity, the currency is not the only one doing business in this new industry. Bitcoin may be the face of crypto, but it’s not an island. It’s often supported by a lot of these smaller coins, and without them, bitcoin isn’t quite the

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Mike McGlone: Bitcoin Likely to Hit $170,000 In Two Years

9 days ago

Bloomberg’s Mike McGlone has emerged to mention that the price of bitcoin could potentially reach $170,000 come 2022.McGlone Is Always There When Bitcoin SpikesMcGlone is a leading expert when it comes to bitcoin and the price trends its follows. He commented in a recent interview that over the past year, bitcoin has followed a specific pattern of adding a zero to its price following every 12 months. For example, he comments that bitcoin ended 2019 in the $7,000 range. Now, it is trading for more than $10,000 more, thereby adding another zero to its string of numbers since then.Granted bitcoin does the same thing in 2021, the currency could find itself trading for $170,000 or $180,000. This would all be fine and dandy, though there are two issues with this prediction. First off, it’s a bit

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Rick Rieder: Millennials Are The Reason for BTC’s Recent Growth

9 days ago

As of late, everyone appears rather bullish on bitcoin considering the asset just rose past $18,500 – the highest it’s been in roughly three years. While everyone is positive that the currency is likely to keep on shooting up, many people have different reasons for believing this, and for BlackRock’s CIO of fixed income Rick Rieder, the reason is millennials.Millennials Are Why Bitcoin Is Doing so WellMillennials are members of a younger generation that allegedly spent their teen years, or the early portion of their adult years trapped in the Great Recession. They witnessed banks taking advantage of the systems they were given and of the customers that came in for assistance. They saw credit card companies and other financial institutions bailed out, while individuals lost their homes,

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Could the Bitcoin Market Cap Reach $1 Trillion? Some Analysts Think So

10 days ago

No doubt bitcoin has had a rather solid year thus far, but it looks like things may be on the verge of exploding even further. The currency has doubled its price in the last six months and has recently surpassed its market capitalization from 2017.Bitcoin Is Surging Like Never BeforeMany analysts believe the asset could be on the verge of reaching a $1 trillion value. One of these figures is Bloomberg Intelligence senior commodity strategist Mike McGlone, who in an interview said:$20,000 bitcoin is [the] primary hurdle towards [a] $1 trillion market cap. The digital version of gold but with more limited supply and a history of adding zeros appears to be in an early price-discovery stage and may simply continue its ascent in 2021. Mainstream adoption is rising.Should the market valuation

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Visa CEO Alfred Kelly Believes the Future of Crypto Is Solid

10 days ago

The CEO of Visa – Alfred Kelly – is weighing in on where he sees bitcoin going in the next few months.Kelly: The Payment World Is About to Really Open UpNo doubt bitcoin has had a rather strong year (it’s probably been the only thing that’s remained strong throughout 2020). Things aren’t necessarily looking up for cash, checks and other traditional payment methods once the coronavirus is dead and gone. Kelly believes that the world is likely going to transition to digital payments in such a way that bitcoin and its altcoin cousins will have plenty of additional room for growth and adoption.In a recent interview, he explained:The battleground always is out in the local market, every day. We operate in 230 countries and territories and want to win as many transactions as we can… We’re a

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Cathie Wood: Bitcoin Will Easily Reach Half a Million

10 days ago

Many people keep thinking bitcoin could reach its all-time high of roughly $20,000 by the end of the year. Another analyst at Citibank published a new report claiming that bitcoin could potentially reach a price of $318,000 by the end of 2021. Clearly, everyone thinks the future of bitcoin will be a bright one, but for another person – Ark Investment CEO Cathie Wood – bitcoin is truly the future of money, and all these other predictions are being trumped by her belief that the cryptocurrency could eventually reach a whopping figure of roughly $500,000 per unit.Cathie Wood: $500,000 Is Certainly PossibleNo doubt bitcoin has done extremely well. While it had a shaky couple of months during the first half of 2020, the currency eventually managed to recover from its previous drops during the

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Ricardo Salinas Pliego Says It Was His Government That Made Him Get Involved in BTC

11 days ago

It looks like bitcoin has found another big fan. The second-richest person in Mexico – Ricardo Salinas Pliego – says he has just made a major investment in the digital currency, but it looks like it wasn’t FOMO or even a newfound love of crypto that inspired him to get involved. Rather, it was fear of his own government.Pliego Has Ten Percent of His Portfolio in BTCThis year has been negative in many ways, though it can easily be said that 2020 was the year for bitcoin. The currency has spiked to unprecedented levels since March and is now just over $1,000 away from hitting its all-time high again. Will the currency make it by the end of the year? This appears to be the question that’s on every analyst’s mind.But the currency has made a real name for itself during these last eight months.

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