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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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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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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.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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