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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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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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