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Bitcoin Opinion

90% of Cryptocurrency Market Facing ‘Extinction-Level Event’: Xapo President

A reckoning coming to the cryptocurrency markets, an “extinction-level event” that’s poised to wipe out 90 percent of the more than 1,800 coins and tokens that aren’t named bitcoin. That’s the prognostication of Xapo President Ted Rogers, anyway, who said that the impending altcoin bloodbath will provide discerning investors with an incredible opportunity to load The ...
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‘Bitcoin is Stupid’ Author Gets a Lesson in the Value of Being Your Own Bank

As anyone who has ever attempted to explain bitcoin to their parents can understand, one of the most challenging parts of convincing them of the utility of this technology is making the case that a person should be his or her own bank. Occasionally, though, an object lesson bites you in the, err, mustache. The The post ‘Bitcoin is Stupid’ Author Gets a Lesson in the Value of Being Your Own Bank ap...
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Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Control

Controversial Internet pirate and bitcoin advocate Kim Dotcom is urging everyone to invest in gold and bitcoin because the U.S. government is adding $1 trillion to its debt every year, which will never be paid. The debt will destroy the U.S. and create a global economic collapse, Dotcom argued in a tweet. 1 TRILLION DOLLARS The post Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Con...
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Bitcoin Opinion: Long Live The King

If you’re wondering how you should treat Bitcoin, as an investment vehicle, allow me to share with you guys my non-expert opinion. End of story, thanks a lot for reading. See you next time. –this article shouldn’t be taken as financial advisement as it represents my personal opinion and views. I have savings invested in The post Bitcoin Opinion: Long Live The King appeared first on CCN
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Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall a long way short of being able to sustain a monetary system” and really only “masquerade” as real currencies. Speaking in the latest episode of the Bloomberg Benchmark podcast, Shin argued The p...
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Better Ways of Storing Value Than Bitcoin, Claims Trump’s Fmr. Economic Advisor

Four months after leaving the White House as a chief economic advisor, Gary Cohn is looking for his next challenge. Among the various opportunities available, the former Goldman Sachs president has revealed that he is eyeing the cryptocurrency world. If he has his way, there could be some disruption in the offing. “I’m not keen The post Better Ways of Storing Value Than Bitcoin, Claims Trump’...
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Jamie Dimon Still a Member of the ‘Blockchain Not Bitcoin’ Brigade

Earlier this year, Elizabeth Stark, CEO of cryptocurrency development startup Lightning Labs, famously said that the industry had begun to enter a “bitcoin not blockchain” era as mainstream firms came to recognize the value of cryptocurrency technology. Not everyone, however, is ready to hop off the “blockchain not bitcoin” train. Speaking with the Harvard Business The post Jamie Dimon Still a Mem...
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We Expect Future Bitcoin Price Declines: Goldman Sachs

Investment banking giant Goldman Sachs may be launching a cryptocurrency trading desk, but that doesn’t mean that the firm is going to start making bullish bitcoin price calls. Goldman Sachs Makes Bearish Bitcoin Price Call Writing in the firm’s midyear economic outlook report, a team of Goldman investment strategists predicted that, despite having already shed The post We Expect Future Bitcoin Pr...
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Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

The chief executive of the company that owns and operates the world’s largest stock exchange believes that bitcoin has the potential to be the world’s “first worldwide currency,” and he’s throwing his firm’s weight behind an ambitious plan to make that a reality. As CCN reported, Intercontinental Exchange (ICE) — owner of the New York The post Bitcoin Could be ‘First Worldwide Currency’: NYS...
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Bitcoin Price Headed to New Highs: Crypto Hedge Fund Manager Spencer Bogart

We appear to be in the season of predictions as various stakeholders in the bitcoin ecosystem are finding their voices again. The reason for this isn’t far from the recent bullish run of the bitcoin price that has seen it test the $8,500 mark before retracing and trading around the $8,200 mark as at the The post Bitcoin Price Headed to New Highs: Crypto Hedge Fund Manager Spencer Bogart appeared f...
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