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Crypto Hedge Fund Managers Predict Bullish Bitcoin (BTC) Behavior

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New price predictions for Bitcoin (BTC) are mostly positive, with even large crypto hedge fund managers like Bill Miller and Spencer Bogart joining the trend and sharing their thoughts.

A recent increase in Bitcoin (BTC) price has inspired many investors, crypto enthusiasts, as well as hedge fund managers to come up with new price predictions, and go vocal about cryptocurrencies, in general. The new events in the crypto world certainly indicate that digital currencies, the blockchain technology, and alike might be entering a new era.

This is an opinion shared by many, including Bill Miller, Miller Value Partners’ founder, and CIO, as well as Blockchain Capital’s Spencer Bogart.

Bill Miller sees Bitcoin’s price as a sign of stability

Bill Miller’s recent interview has given him an opportunity to share a rather positive assessment of BTC and its future. He called Bitcoin an interesting tech experiment, but his enthusiasm doesn’t appear to be spreading to many other cryptos. In fact, he called most of them worthless.

Currently, Bitcoin is still above $8,000 per coin, which is something that Miller believes to be a sure sign of stability, as well as increased belief in cryptos. He also believes that the financial industry is handling changes in crypto prices much better now, than a few years earlier. If nothing else, there is certainly much less panic whenever there is a price change.

Miller also said that each day where cryptos aren’t regulated out of existence, blown up, or brought to zero, sees more and more money flowing into the ecosystem, and making it stronger. As for Bitcoin itself, Miller believes that it can be viewed as gold. He claims that BTC might become a new payment system, as well as a viable currency. Not to mention the fact that it is likely that banks around the world might start viewing it as an asset. Making any of these possibilities a reality will help BTC advance significantly.

Of course, there are also a lot of negatives that are harming the market and can continue to do so if left unresolved. These include the market size, regulation issues, various controversies, and alike. A recent denial of ETF request submitted by the Winklevoss twins was also not a good thing for the industry. Still, the crypto world is very young, and there is time for these things to be resolved.

Spencer Bogart: BTC is waiting for a catalyst

As mentioned earlier, apart from Miller, Spencer Bogart also gave his predictions regarding the future price of Bitcoin. According to him, Bitcoin is currently waiting for a catalyst, a reason that would allow it to go even higher than it already is. This might be anything, from ETF approval, to open currency wars.

ETF approval is an especially interesting event that might trigger BTC price spike, but Bogart doesn’t believe that it will arrive soon. At least, not until 2019. The decision is currently in the hands of the SEC and is expected to arrive in about a month. However, Bogart believes that other vehicles are giving access to institutional investors and retail, while everyone is waiting for ETF approval.

Finally, there is another issue that needs to be prioritized in order for cryptos to be able to move forward, and that is security. Multiple exchange attacks and hacks have damaged the market for hundreds of millions of dollars, not to mention the reputation of some of the biggest exchanges around.

In a way, these attacks are a confirmation that even the hackers believe that cryptos’ prices are about to skyrocket. However, with their interest rising, the exchanges are in desperate need of advancing their security.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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