Joseph Young

Strong Case For $8,000 Bitcoin Price in 2017, No SegWit2x and CME Futures

It is highly likely that the bitcoin price will surpass the $8,000 mark by the end of 2017, as SegWit2x has been called off by it supporting businesses and developers. Earlier today, BitGo CEO Mike Belshe released an official statement in regards to the termination of SegWit2x due to a lack of consensus to pursue … Continue reading Strong Case For $8,000 Bitcoin Price in 2017, No SegWit2x and CME Futures

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Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?

Deutsche Bank lead strategist Jim Reid believes the reign of fiat money could soon end and cryptocurrencies like bitcoin could take over the global financial market. In a recently released research paper, Reid delve extensively into the unstable fiat currency system and firmly stated that the fiat currency system will highly likely come to an … Continue reading Deutsche Bank Strategist: Reign of Fiat Money Will Soon End, Will Bitcoin Take Over?

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Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

Over the past two weeks, the bitcoin price has demonstrated a meteoric rise in value, increasing from $5,400 to $7,300, without the existence of a major market in China. In September, the Chinese government and its central bank the People’s Bank of China (PBoC) cracked down on cryptocurrency trading, requesting leading bitcoin exchanges such as … Continue reading Bitcoin Price Has Remained Above $7,300 Without China, What Happens Next?

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Bitcoin is Already More Valuable Than Many National Currencies Like Malaysian Ringgit

Highly regarded bitcoin developer and BitGo lead engineer Jameson Lopp created a clone of the global M1 index, a metric used evaluate the money supply of a country, to observe bitcoin’s ranking amongst some of the world’s most widely used and accepted currencies like the US dollar and Japanese yen. I made a clone of … Continue reading Bitcoin is Already More Valuable Than Many National Currencies Like Malaysian Ringgit

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China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x

Star Xu, the CEO of OKCoin, the largest bitcoin and cryptocurrency exchange in China, has publicly condemned SegWit2x, describing it as a “shitcoin.” Xu stated: “Personal advice is B2X should not be listed. It’s a shitcoin but remove replay attacks protection.” Charlie Lee, the creator of Litecoin and former Coinbase executive, agreed with the statement … Continue reading China’s Largest Bitcoin Exchange CEO Publicly Condemns SegWit2x

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Is Amazon Preparing to Integrate Bitcoin and Cryptocurrencies?

On November 1, various sources revealed Amazon Technologies, Inc., a subsidiary of Amazon.com, Inc., acquired three cryptocurrency-related domains including “amazonethereum.com,” “amazoncryptocurrency.com” and “amazoncryptocurrencies.com.” Coindesk: Amazon subsidiary registered three cryptocurrency domains. Is Amazon preparing to integrate #bitcoin and other cryptocurrencies? 🚀 pic.twitter.com/znT5aCPgic — Joseph Young (@iamjosephyoung) November 1, 2017 Amazon’s Interest in Bitcoin and Cryptocurrencies For … Continue reading Is Amazon Preparing to Integrate Bitcoin and Cryptocurrencies?

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Bitcoin Price Going From $4,000 to $400,000 is Easy: Hedge Fund Manager Mark Yusko

Mark Yusko, the founder & CEO of Morgan Creek Capital Management, the $3.7 billion North Carolina-based investment firm, has stated that the bitcoin price is expected to reach $400,000 in the long-term. Over the past 12 months, the price of bitcoin has increased from less than $900 to over $5,900. In a relatively short-term, the bitcoin … Continue reading Bitcoin Price Going From $4,000 to $400,000 is Easy: Hedge Fund Manager Mark Yusko

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Renowned Billionaire Investor Bill Miller Has 30% of His Fund in Bitcoin

Highly regarded billionaire fund manager Bill Miller, who has consistently made large returns over the past 15 years, has allocated 30 percent of his $154 million fund in bitcoin. After resigning from his position at $3.65 billion investment management…

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Bitcoin Gold Price Drops 51% Upon Launch, Worth 40% of Bitcoin Cash

Analysts have expected the price of Bitcoin Gold to surpass that of Bitcoin Cash upon its debut. However, over the past few hours, almost immediately after its launch, the price of Bitcoin Gold has dropped by nearly 51 percent. Difference Between Marke…

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CNBC Analyst Brian Kelly: Bitcoin Matters More than Blockchain

Brian Kelly, the highly regarded CNBC analyst and CEO of BKCM, a cryptocurrency-focused investment firm, explained in an analytical blog post that as a technology, bitcoin matters more than the blockchain. Since mid-2015, banks, financial institutions,…

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