FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

Here Is How Bitcoin (BTC) Has Bagged 13 of The Biggest Wall Street Institutional Investors - Global Coin Report
Connect with us

Bitcoin

Here Is How Bitcoin (BTC) Has Bagged 13 of The Biggest Wall Street Institutional Investors

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto-markets are not looking pretty with the King of Crypto – Bitcoin (BTC) – having tested levels below $7,000 on several occasions this weekend. Bitcoin (BTC) is currently valued at $6,999 which is $1k less than it was a little over a week ago. This is a drop in value of 12.5% in the same time period. The total market capitalization has also dropped to current levels of $253 Billion from the levels of $300 Billion in less than a week. This is a drop of 15.66%.

But the episodes of constant decline in the crypto-markets could be a thing of the past with the Wall Street news announcement on August 3rd. This announcement stated that the owner of the New York Stock Exchange (Intercontinental Exchange, or simply ICE), has partnered with Microsoft, BCG and Starbucks and others, to launch a market and ecosystem to list physically settled Bitcoin futures contracts and a new company to push Bitcoin and other digital assets towards becoming mainstream financial assets.

This new company will be known as Bakkt and the list of firms that are part of this new firm are as follows:

  1. Intercontinental Exchange (ICE) – who are owners of the New York Stock Exchange
  2. Microsoft – whose cloud solutions will be leveraged to create an open and regulated, global ecosystem for digital assets
  3. BCG Global Management Consulting
  4. Starbucks – who will utilize its presence to further the adoption of Bitcoin
  5. M12 – Venture Capital arm of Microsoft
  6. Fortress Investment Group – an investment management firm
  7. Eagle Seven – management consulting firm
  8. Galaxy Digital –  a full service, digital assets merchant bank, with distinct trading, asset management, and principal investment
  9. Horizons Ventures – Venture capital firm
  10. Alan Howard –  Billion dollar hedge fund
  11. Pantera Capital – an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets.
  12. Protocol Ventures – a leading fund of funds investing in the top ten crypto funds in the asset class
  13. Susquehanna International Group, LLP – a global quantitative trading firm built on a rigorous, analytical foundation in financial markets

Summing it all up, this is a brief list of the institutional investors that we’ve all been waiting for to get into Bitcoin and cryptocurrency investing. These firms have been rumored to have been working on the Bakkt company for over a year. This means they have been silently planning how they will get into the crypto-markets with both feet and officially signaling the beginning of a potential bull run.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Bitcoin

Why Bitcoin (BTC) Revival is Likely to Continue

Published

on

Bitcoin (BTC) revival
READ LATER - DOWNLOAD THIS POST AS PDF

The cryptocurrency market has been doing rather well in 2019 — certainly much better than in 2018. More than a year ago, the market crashed from its all-time high, and in the months that followed, it lost over 80% of its market cap. Bitcoin (BTC), as the leading digital currency, also dropped from $20,000 per coin to barely $3,200 in 2018.

These days, however, the situation seems to be turning, with digital currencies seeing significant growth in prices ever since mid-February. While January stopped the drops, February is the month when the market once again started seeing gains, and this kind of behavior has continued to this day. But, what does this mean for the future? Is this a passing trend, or is the crypto winter truly over?

The revival of Bitcoin

Questions such as the short-term future of Bitcoin are on many traders’ and investors’ minds right now and have been ever since the prices started growing again. A well-known Futures Now trader, Jim Iuorio, recently stated that Bitcoin would start seeing massive profits if it surpasses the price of $4,045. That was, of course, before the coin surged by around $1000 in the last week.

However, Iuorio’s prediction was that BTC is unlikely to go below $3,820, while the growth beyond $4,045 would mean massive gains for those involved with the industry. Soon after this prediction…

Continue Reading

Bitcoin

How to Become a Millionaire without Risking Everything with Bitcoin

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

It’s been well over a year since the crypto market reached its peak and then crashed, dropping to such lows that most of the coins lost anywhere between 80% and 95% of their value. A few of them lost even more. Of course, this was not enough to eradicate the crypto market, and the bulls are still as optimistic as ever, especially these days, when Bitcoin price surges again, taking the rest of the market with it.

Some predictions claim that Bitcoin will reach its own glory days within a year or two, and there are even speculations that the largest cryptocurrency might spike up to $100,000 per coin. One claim from last week even sees BTC hitting $400,000, as the highest price which someone was brave enough to predict.

While it is certainly possible — at this point, pretty much anything is — not everyone is willing to take such a gamble and invest their hard-earned money into a risky asset such as digital currencies. With that in mind, here are three alternatives that are considerably safer than Bitcoin and the altcoins.

1. Investing and re-investing in stocks

A lot of people — especially younger generations — find stocks to be incredibly boring. Most of the time, all you do is invest, and use the returns for re-investing in high-yielding shares. However, while boring will not…

Continue Reading

Bitcoin

The Best Time to Buy Bitcoin (BTC) Approaches

Published

on

Buy Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Ever since 2019 started, the bear market of 2018 has been losing momentum, with the bulls emerging numerous times in short intervals. This was the beginning of a crypto recovery, which still has quite a long way to go.

However, last week, Bitcoin saw massive growth in transactions, reaching a 14-month high. These were the levels that were previously seen back in 2017, as BTC approached its highest point in terms of price. The growth also reflected strongly on BTC price, which spiked yesterday from around $4.100 to the current $4,672.

Meanwhile, Bitcoin market cap followed as well, currently sitting above $82.3 billion, while the trading volume exceeded $14.5 billion.

What caused the growth?

While this is an exceptional growth, and potentially a start of the bull run that everyone was waiting for, it did not come without a cause. One of the reasons why BTC surged was last week’s Weiss Ratings report of multiple different cryptocurrencies. The report’s authors even stated themselves that the best time to invest might be very near at this point.

Weiss Ratings has done reports about specific coins in the past as well, and this time, they noticed a significant improvement in coins’ performance. The report mentions growth in user transaction volume, network capacity, as well as network security, which the authors took as an improvement coming from the evolution of the…

Continue Reading

Elite