Tag Archives: Bitcoin News

Tom Lee – a Wall Street analyst of Fundstrat fame – has announced that bitcoin could potentially reach a price of approximately $100,000 by the end of the year. Tom Lee Predicts $100,000 for BTC By End of 2021 Lee has consistently been there to push bitcoin. He has been one of the world’s biggest bulls since day one, and he has always suggested largescale prices for bitcoin in the long run, but as usual, his discussions should always be taken with a grain of salt –...

Not long ago, it was reported that Elon Musk was starting to ask bitcoin miners where they got their energy from as a means of better understanding who was using clean energy to extract coins and who was not. Elon Musk Isn’t Putting His Mining Fears to Rest Now, it appears Musk has initiated the first collection of conversations with these miners, and he is happy about the information he has received. This has ultimately sent bullish waves through the crypto space and...

Billionaire Ray Dalio has admitted that he owns bitcoin, though how much he can presently say is in his private stash remains undisclosed. Nevertheless, it is always positive to see that the big money hounds of the world are beginning to take bitcoin and cryptocurrency seriously, and thus we can likely expect to see the asset reach mainstream status in the coming months. Ray Dalio Warns Crypto Lovers of Government Regulation As a founder of one of the largest hedge funds...

Bitcoin price started a steady recovery from the $31,120 zone against the US Dollar. The price is now testing the $40,000 resistance zone and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $36,900 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to clear the $40,000 resistance and continue higher in the near term. Bitcoin price is attempting an upside break above...

It is rare that bitcoin is used for commercial purposes. Despite being initially designed to replace credit cards and fiat for the purchasing of goods and services, it seems like there are so few stories involving bitcoin being utilized as a payment method, and when they come to our attention, they usually stem from several years ago. Such is the case for Alex Taub and the New York Knicks tickets he bought with bitcoin in the year 2013. Alex Taub and His Bitcoin Journey...

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to...

Up to this point, the hidden narrative is that central banks are somehow threatened by bitcoin… That they are fearful of it, and that they will do all in their power to somehow keep it from spreading or reaching the top of the financial ladder. However, according to Huw van Steenis – a former top advisor to the Bank of England – this is not quite true. Huw vann Steenis: We’ve Got the Wrong Idea About Crypto and Banks Huw van Steenis presently works as a senior advisor to...

Bitcoin has seen its harshest days recently. The world’s number one digital currency by market cap lost approximately 35 percent of its overall value and has dropped from the mid-$50,000 range, which is where it was in late April and early May, to about $36,000 per unit at press time. Many analysts and financial institutions are beginning to write the currency off as dead or dying, but according to two separate individuals, things are about to become much steadier....

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has taken more jabs at the bitcoin mining process. Elon Musk Isn’t Done Asking Mining Questions People were shocked last week when Tesla announced it would not be accepting bitcoin payments for goods and services despite claiming it would do so back in March. Sadly, this sent bitcoin into a huge downward spiral, and at the time of writing, the world’s biggest and most...

Over the past year, we have heard that bitcoin is a necessary ingredient of a successful portfolio. That so many hedge funds, wealth managers and other individuals and firms in charge of handling customers’ money are working hard to give them access to crypto, and that anywhere between one and three percent should be allocated to bitcoin. However, according to Societe Generale, this is not quite true. Societe Generale Thinks Gold Is Stronger Than BTC Whether these firms...