Opinion: The Bubble is Not Bitcoin

Although the market is positive overall, at the time of writing, the sentiment is quite negative. Maybe due to the high expectations over Consensus, which did not create that much demand over bitcoin, at least not as much as it happened during previous years. I understand it’s your money that is at stake and the

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Goldman Sachs CEO Blankfein to Step Down, Bestowing Complex Bitcoin Relationship

Lloyd Blankfein, 63, is expected to step down as CEO of Goldman Sachs in December, leaving the bank’s future uncertain in several ways, including its relationship with bitcoin. The New York Times reported that Blankfein will likely depart following the company’s December annual dinner for retired partners. While the bank earlier this month announced plans

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Bitcoin Mining Firm Trolls Warren Buffett with Billboards Outside His Office

Genesis Mining‘s bitcoin advocacy campaign has posted billboards outside of Warren Buffet’s office to remind him that he was wrong about Google and Amazon and warn him he may be wrong about bitcoin, too. The billboards went up shortly after Buffet dissed bitcoin during a Berkshire Hathaway annual shareholders’ meeting. Some new billboards outside of … Continued

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Ethereum Could Be the Next Apple: Steve Wozniak

Blockchain platform Ethereum could be the next Apple, one of the iconic tech company’s co-founders said this week. According to Forbes, Steve Wozniak made this bullish prediction in front of 5,000 people at this week’s WeAreDevelopers conference in Vienna. “Ethereum interests me because it can do things and because it’s a platform,” he said, adding … Continued

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Alibaba’s Jack Ma Joins the Bitcoin Bashing Brigade but Backs Blockchain

Jack Ma has joined the bitcoin bashing brigade, although he remains keen on blockchain. Ma, chairman of Alibaba and considered China’s richest man, said during the second World Smart Conference in Tianjin that bitcoin is a bubble, according to a local industry report. In the past, he has said he does not understand bitcoin but

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Why Warren Buffett Is Wrong on Bitcoin, According to Legendary VC Fred Wilson

Legendary venture capitalist Fred Wilson has issued an open response to Warren Buffet’s recent claim that bitcoin is equivalent to “rat poison squared” is fundamentally flawed. The American investing tycoon, Wilson said, has not done his research. Why Bitcoin Has Value Speaking at the Consensus 2018 conference in New York City, Wilson said that the

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Bitcoin Only Used for Money Laundering and Speculation: ‘Big Short’ Investor

Wall Street veteran Steve Eisman rose to fame by shorting the sub-prime mortgage market ahead of last decade’s financial crisis. Now, he’s similarly-bearish on a new asset class: cryptocurrency. Eisman, whose career is chronicled in The Big Short, told CNBC that he has yet to meet anyone who can persuasively argue that cryptocurrencies have social … Continued

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I Hope Bitcoin Will Be Internet’s ‘Native Currency’: Twitter CEO Jack Dorsey

Jack Dorsey — CEO of both Twitter and Square — hopes that bitcoin will one day be the internet’s native currency. Dorsey made this statement during an interview with Elizabeth Stark of Lightning Labs at a fireside chat today at the Consensus 2018 conference in New York. Dorsey revealed that grew up in St. Louis, MI

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We’re ‘Looking into’ Cryptocurrencies: JPMorgan Co-President

Multinational investment banking JPMorgan is “looking into” cryptocurrencies, company co-president Daniel Pinto said. Pinto made this revelation during a wide-ranging interview with CNBC, explaining that although the firm is not optimistic about cryptocurrency in its current incarnation, it believes this technology will “play a role” in the financial system moving forward. He said: “We are … Continued

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Bullish Call: BitMEX Chief Predicts Bitcoin Price to Hit $50,000 in 2018

There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs. Arthur Hayes, the co-founder and CEO of Seychelles-based BitMEX, the bitcoin mercantile exchange, has a bullish prediction for the bitcoin price, which he believes will skyrocket to $50,000

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‘Almost Irresponsible’ to Not Invest in Bitcoin: Billionaire Mike Novogratz

Billionaire bitcoin bull Michael Novogratz, founder and CEO of Galaxy Digital Capital Management, says every investor should have 1% to 2% of their portfolio in cryptocurrency. Not to do so, he told CNN, is “almost irresponsible.” Crypto To Disrupt Every Vertical On Wednesday, Novogratz’s firm and Bloomberg launched the Bloomberg Galaxy Crypto Index, an index … Continued

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Bitcoin a ‘Troubling’ Payment System: Bank of America Executive

Bank of America remains hawkish toward cryptocurrency as a form of payment, due to its disruption of the banking sector’s regulations on transparency. Cryptocurrencies present authorities with more challenges for catching “bad guys,” a company executive said Thursday. Cathy Bessant, Bank of America‘s chief technical officer, set the tone for what she sees as two … Continued

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This Warren Buffett ‘Disciple’ Says He is Wrong about Bitcoin

Tech investor Chamath Palihapitiya considers himself a “disciple” of Warren Buffett, but even he does not think the investing icon is a reliable source on the subject of bitcoin. Palihapitiya, who served in various management roles during a four-year tenure at Facebook, told CNBC that technology is outside of Buffett’s “circle of competence,” so he

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Cryptocurrency the ‘Right Next Step in the Space of Currency’: Nasdaq CEO

Nasdaq chief executive Adena Friedman is bullish on cryptocurrency, though she says the “jury is still out” on which particular coin or token will ultimately be the one to experience mass adoption. Speaking on the latest episode of CNN podcast Boss Files, Friedman said that cryptocurrency feels like the “right next step in the space

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Trump’s Former Economic Advisor Joins the ‘Blockchain Not Bitcoin’ Brigade

One of President Trump’s former advisors has hopped on board the “blockchain not bitcoin” brigade. Gary Cohn, who led the Trump Administration’s National Economic Council prior to his resignation last month, told CNBC that he believes in the promise of blockchain technology but is not sold on bitcoin. The longtime investment banker, who served as … Continued

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Investment Researcher Won’t Recommend Bitcoin, Despite Recent Gains

DataTrek Research’s co-founder Nick Colas won’t recommend bitcoin to investors even though the bitcoin price has been rallying of late. Colas, a Wall Street veteran with experience in equity research, money management and investment banking, stated in a recent CNBC interview that bitcoin’s price has come down “quite a long way and we’re getting a … Continued

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‘Put Your Money Where Your Mouth Is’: Winkelvoss Dares Bill Gates to Short Bitcoin

Bill Gates, the second richest person in the world with an estimated net worth of $90 Billion, said in an interview with CNBC that he would short bitcoin if he could because it is worthless. “I would short it if there was an easy way to do it. As an asset class, you’re not producing … Continued

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‘Enough Already’: Billionaire Mike Novogratz Says ‘Bitcoin Core is BTC’

“Enough already.” That’s the message that billionaire Mike Novogratz had for the @Bitcoin Twitter account, whose operator has lately hopped on the “Bitcoin Cash is Bitcoin” bandwagon. Responding to a post that claimed Bitcoin Cash is the “oldest cryptocurrency” and that BTC is “an experimental currency” that is essentially two years old, Novogratz shot back … Continued

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Bill Gates Would Love To Short Bitcoin, so Why Doesn’t He?

Billionaire Bill Gates is a notorious bitcoin skeptic who says he would bet against it if he could because he believes cryptocurrencies are worthless investments that people profit from by pawning their holdings off to a “greater fool” than themselves. Bitcoin a ‘Greater Fool Theory’ Investment “I would short it if there was an easy … Continued

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Billionaire Warren Buffett Trashes Bitcoin Again: ‘It’s Rat Poison Squared’

Billionaire Warren Buffett, a notorious bitcoin bear, blasted cryptocurrencies again at the 2018 Berkshire Hathaway annual shareholder meeting on May 5. Buffett reiterated his earlier warning that “cryptocurrencies will come to bad endings,” the Wall Street Journal reported. “If you had bought gold at the time of Christ and you figure the compound rate on … Continued

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