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Bitcoin (BTC) Continued Rise Precursor for Regulation

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Bitcoin Continued Rise Precursor for Regulation
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Bitcoin continued rise could attract more regulation as authorities around the world become intrigued. According to Galaxy Investment Partners CEO, Michael Novogratz, regulators are becoming increasingly nervous as the digital currency continues to hit record highs.

Bitcoin Regulation

The sentiments follow yet another record-breaking spree that saw the largest cryptocurrency record its biggest single-day gain of $2,500. The digital currency has since risen to record highs of $14,000 and showing no signs of slowing down.

Given the impact that the cryptocurrency is set to have especially in the financial sector, the former Fortress hedge fund manager, believes regulations may be inevitable.

“One of the big risks out there right now is that prices are moving so fast that regulators are going to get nervous. I could legitimately see bitcoin go $13,000, $14,000, $20,000, $25,000 and see somebody balk,” said Mr. Novogratz.

However, Novogratz has warned that it won’t be easy for regulators to have control over the havoc-causing cryptocurrency.  According to the Executive Officer governments, regulation could take much longer to have a significant impact.

Novogratz is planning to launch a $500 million fund focused on cryptocurrencies investments. According to the Hedge Fund manager, bitcoin is winning mostly because of its underlying technology and not its digital currency credentials

“Bitcoin is winning out as digital gold. I don’t think it’s going to be a currency.… Nothing that volatile is going to be a currency,” said Mr. Novogratz

Bitcoin Futures Impact

Bitcoin has soared by more than 1500% this year. The surge has catapulted it from being just a fringe asset to being a globally traded product. However, it faces its biggest test heading into the year-end as some of the biggest exchanges in the world introduce Futures Derivatives.

Kick-starting the Futures spree is CBOE which is set to launch its own Bitcoin Futures over the weekend. CME Group is set to follow suit before the Christmas holidays as the NASDAQ exchange prepares for its Bitcoin exchanges in the summer of 2018.

Bitcoin has mostly been on the rise with slight pullbacks. However, with the introduction of Futures contracts, it will be much easier to bet on declines as Hedge Funds make an entry. For long, the digital currency has risen on the speculation of bullish traders but with institutional investors entering the foray the landscape could significantly change.

Even though there are traders that are waiting for the Futures contract to go short on Bitcoin, there are also those that plan to use the opportunity to go long. It awaits to be seen what will be the result given that talk of bubble burst around the cryptocurrency has been gaining momentum in the recent past.

We will be updating our subscribers as soon as we know more. For the latest updates on BTC, sign up below!

Image courtesy of Acumen_ via Flickr

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin
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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

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