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Bitcoin Price Predictions: $20k Still Possible

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Bitcoin price predictions for this year continue, with Fundstrat’s Tom Lee still being convinced that the $20k mark remains a possibility. RT host Max Keiser seems to share this belief, especially since BTC already broke $7,000 in September.

Bitcoin price may still reach $20k, says Tom Lee

Tom Lee of Fundstrat has been known for his optimistic view on Bitcoin and its future. He still believes that various BTC price predictions, his own included, are still possible, most notably the one saying that Bitcoin will hit $20,000 by the end of 2018. This belief has been discarded by many throughout the year, as the constantly bearish market continued to hit cryptos hard, month after month.

Lee recently discussed the emerging markets, stating that Bitcoin’s price movement shares a lot of similarities between them. More specifically, he talked about ETFs like iShares MSCI Emerging Markets Index ETF. This ETF allows investors to allocate their money to various stock/assets portfolios in developing regions and their respective markets.

He then stated that these markets, as well as BTC, peaked at the beginning of the year, only to see a significant downfall later down the line. He also believes that the correlation will continue to hold.

Bitcoin to rise together with the emerging markets

According to Lee, ETFs’ and assets’ performance is strongly influenced by emerging markets, and their increase is the spark that will lead cryptos to new levels of greatness. The correlation between them has been strong ever since the beginning of the last year.

Lee also predicts that various world conflicts, especially the ones between the US and Iran, Turkey, China, and other world countries might also hit the US dollar. If that happens, the price of cryptocurrencies, and especially Bitcoin, might skyrocket like never before.

Max Keiser believes that even $28k per BTC is possible

Despite the fact that 2018 has been marked as an extremely bearish year, Max Keiser also kept the positive stance towards Bitcoin and its price. These days, we mark an entire month since cryptos have reached certain levels of stability. Some even consider the current situation to be decently bullish, with BTC breaching $7,200 per coin.

As usual, a lot of other cryptos followed its progress, and the market even managed to surpass $13 billion, which is a massive increase, especially considering that only a week ago it was barely over $5 billion.

As the end of the year draws closer, digital currencies are once again gaining value, and Keiser believes that his earlier predictions of BTC hitting $28k are still valid. This is further supported by even more interest coming from institutional investors, which are committing to the market via custodian solutions.

At this point, it would seem that even the BTC ETF rejections by the US SEC do not matter. Academie Bitcoin’s Jonathan Hamel shares this opinion, as well as Tom Lee. Even eToro stated that there are numerous alternatives to ETFs, like ETN.

With all of these positives piling up, it is not that surprising that cryptos were able to shake off the bears in favor of bulls. Analysts and cryptocurrency experts believe that this is still only a beginning and that large changes are upon the market, and especially Bitcoin. Whether they are right is anyone’s guess, but considering the way things have been going recently, it would seem that the optimists may be correct after all.

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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.

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Bitcoin

SEC Postpones Bitcoin ETF Decision Once Again

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The new announcement by the US SEC (Securities and Exchange Commission) states that the decision regarding the potential approval of several applications for a Bitcoin ETF (exchange-traded funds) is once again postponed. This time, the SEC declared that the decision will be made by February 27th, 2019.

The application requesting that VanExk SolidX BTC fund get s listed on Cboe BZx Exchange that was published on July 2nd needs to be given order by the commission within 180 days. Originally, the deadline for doing so was December 29th. However, the SEC decided to extend the period for another 60 days, effectively moving it to February 27th.

The SEC stated that designating a longer period for making a decision was found appropriate, as more time is needed in order to properly consider the rule change.

Cryptocurrencies need a sufficient monitoring mechanism, claims SEC chairman

Recent reports claim that the SEC received over 1,600 comments after requesting the public opinion regarding the ETF applications issue. In the past, the SEC rejected many such applications, some of which were even submitted by SolidX itself. In addition, they also rejected the applications submitted by Gemini, the exchange owned by Winklevoss twins. Brothers were attempting to gain ETF approval ever since 2013, although to no avail.

Other applications were also submitted by Direxion, ProShares, as well as GraniteShares. The SEC rejected them…

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What to Expect in 2019: BTC, BAT, and Steem

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There are only a few weeks of 2018 left, and considering how bearish and crypto-unfriendly this year was, a lot of investors will likely be pleased to see it gone. Many believe that 2019 will be the year that will correct BTC prices and bring forth the period of great recovery.

But what does that mean for digital currencies? Which ones are a good investment right now? This is something that we will, hopefully, be able to answer right now. Here are the top 3 coins that everyone should keep an eye on in 2019.

1. Bitcoin (BTC)

Of course, we have to start with Bitcoin, the first and largest cryptocurrency. Bitcoin has lost a lot in 2018, and its losses are unparalleled by any other coin. In fact, in terms of market cap, Bitcoin has lost as much as the rest of the crypto market put together.

Many believe that its rapid growth, which started in late 2017 and has brought it to its all-time high, is responsible. That the bearish 2018 was only a one large price correction of the last year’s price surge. Even if this is true, price corrections, luckily, all end sooner or later, and when this one comes to a close, Bitcoin will likely be ready for a big comeback.

2019 is expected to bring a lot that will serve BTC’s…

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The Three Biggest Problems with Crypto

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In this bear market, everybody’s asking the same questions. Why is Bitcoin falling? When will the market turn around? Is this the end of the crypto boom?

However, before we can answer questions like these, we need to step back and do an honest appraisal of where our industry stands and what is really holding it back. Despite its growing popularity, cryptocurrency still struggles to gain mainstream appeal. While crypto has managed to distance itself from the early days, when it was used to buy illegal goods online, the currency still conjures up negative feelings for a lot of people unfamiliar with the technology — and all too often, for good reasons.

Cryptocurrency is still relatively new, which means that many casual users are still exploring different ways to use crypto in their day-to-day lives. Unfortunately, this lack of knowledge leaves a lot of users vulnerable to scammers seeking to take advantage of their ignorance and inexperience.

We’ve contacted various types of people within the crypto community, surveying newbies, traders, investors, and professionals, asking what the biggest problems in crypto are. We found there to be three major problems holding the industry back:

Scammers

Failed projects

Immature technology

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