Strategist Tom Lee Predicts New All-Time Highs for Bitcoin in July

The post Strategist Tom Lee Predicts New All-Time Highs for Bitcoin in July appeared first on CCN

Tom Lee, co-founder of Fundsrat Global Advisors, the only major Wall Street strategist covering bitcoin, expects bitcoin to reach new highs again in July, according to Bloomberg. The cryptocurrency has been posting some recovery since falling 70% from its Dec. 18 high to its Feb. 6 low. Lee, who urged caution during bitcoin’s record “bull … Continued

The post Strategist Tom Lee Predicts New All-Time Highs for Bitcoin in July appeared first on CCN

There Has Been An Awakening. Have You Felt It? [Part 3]

The post There Has Been An Awakening. Have You Felt It? [Part 3] appeared first on CCN

This is the first opinion piece in a four-part series that explores the advent of bitcoin as a store of value and the implications of valuing the cryptocurrency in fiat. Read the first part here and the second here. Fees: The Third Bottleneck Just like price, transaction fees can very easily scare away people from entering … Continued

The post There Has Been An Awakening. Have You Felt It? [Part 3] appeared first on CCN

Bitcoin Market Cap Could Hit $4 Trillion: Winklevoss Twins

The post Bitcoin Market Cap Could Hit $4 Trillion: Winklevoss Twins appeared first on CCN

The Bitcoin price has the potential to rise 4,000 percent over the coming decades, enabling the flagship cryptocurrency to one day achieve a $4 trillion market cap. Bitcoin Market Cap Could Hit $4 Trillion: Winklevoss Twins That’s according to longtime Bitcoin bulls Cameron and Tyler Winklevoss, who first invested in Bitcoin when it was valued … Continued

The post Bitcoin Market Cap Could Hit $4 Trillion: Winklevoss Twins appeared first on CCN

Legendary Billionaire Investor Carl Icahn Shuns Bitcoin, Blames Himself

The post Legendary Billionaire Investor Carl Icahn Shuns Bitcoin, Blames Himself appeared first on CCN

The activist investor won’t go near bitcoin for three reasons. Carl Icahn in an interview with CNBC expressed his distaste for cryptocurrencies, calling them “ridiculous,” but unlike others who were quick to write digital coins off, he admitted that in this case, the problem may lie with him. In true curmudgeon style coupled with a … Continued

The post Legendary Billionaire Investor Carl Icahn Shuns Bitcoin, Blames Himself appeared first on CCN

Winklevoss Twins Lay Into “Privileged Minority” Cryptocurrency Critics

The post Winklevoss Twins Lay Into “Privileged Minority” Cryptocurrency Critics appeared first on CCN

While speaking to CNBC at the Milken Institute’s MENA Summit in Abu Dhabi, Cameron and Tyler Winklevoss, better known as the Winklevoss twins, took a dig at the older generation of the financial community who mostly criticizes cryptocurrencies, stating that they don’t understand the future of money. The Winklevoss twins were asked to respond to … Continued

The post Winklevoss Twins Lay Into “Privileged Minority” Cryptocurrency Critics appeared first on CCN

Most Cryptocurrencies ‘Will Never See Recent Peaks Again’: Goldman Sachs

The post Most Cryptocurrencies ‘Will Never See Recent Peaks Again’: Goldman Sachs appeared first on CCN

Will the cryptocurrency markets recover from their present correction and ascend to new highs over the long-term? Goldman Sachs doesn’t think so. Writing in a report dated Feb. 5, Goldman Sachs head of investment research Steve Strongin said that — contrary to the market’s historic movements — individual cryptoasset price swings should be less correlated

The post Most Cryptocurrencies ‘Will Never See Recent Peaks Again’: Goldman Sachs appeared first on CCN

‘Hodl Nuts’ Are ‘Cyber Terrorists’ and Bitcoin Is Going to Zero: ‘Dr Doom’ Roubini

The post ‘Hodl Nuts’ Are ‘Cyber Terrorists’ and Bitcoin Is Going to Zero: ‘Dr Doom’ Roubini appeared first on CCN

There’s something about Bitcoin that seems to bring out the worst in economists. Whether its the fundamental ideology behind cryptocurrency — that control of the money supply should not be placed in the hands of the few — or the mere fact that this asset, once universally-derided by the mainstream financial establishment, has defied economists’ … Continued

The post ‘Hodl Nuts’ Are ‘Cyber Terrorists’ and Bitcoin Is Going to Zero: ‘Dr Doom’ Roubini appeared first on CCN

Proof of Stake Is Coming, and Will Be a Game Changer

The post Proof of Stake Is Coming, and Will Be a Game Changer appeared first on CCN

Proof of Work mining (the protocol underpinning Bitcoin and many others) uses as much energy as the nation Denmark. It’s a costly and lengthy process, and with the user base growing traditional blockchains are struggling. This is because every single transaction needs to be ‘mined’ by powerful computers solving complex mathematical problems. It’s a process

The post Proof of Stake Is Coming, and Will Be a Game Changer appeared first on CCN

“Bubble, Ponzi, An Environmental Disaster”: Central Banking Chief Blasts Bitcoin While Global Stock Market Loses Trillions

The post “Bubble, Ponzi, An Environmental Disaster”: Central Banking Chief Blasts Bitcoin While Global Stock Market Loses Trillions appeared first on CCN

The global stock market has lost an estimated $4 trillion over the course of the past eight days, leaving investors running to gold and other alternative investments to stem the bleeding in their portfolios. Against this backdrop, Agustin Carstens — general manager of the Bank for International Settlements (BIS), nicknamed the “central banks’ central bank” … Continued

The post “Bubble, Ponzi, An Environmental Disaster”: Central Banking Chief Blasts Bitcoin While Global Stock Market Loses Trillions appeared first on CCN

Prescient Investor Predicts Stability and Bitcoin Price Back at $20,000

The post Prescient Investor Predicts Stability and Bitcoin Price Back at $20,000 appeared first on CCN

No need to hit the panic button. Ran Neu-Ner, a South African investor who was savvy enough to invest in his first bitcoin half a decade ago, said the recent volatility in the bitcoin price is nothing new and in fact, bitcoin is headed to $20,000 in 2018. He made the remarks to CNBC, where he

The post Prescient Investor Predicts Stability and Bitcoin Price Back at $20,000 appeared first on CCN