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This Major Crypto Exchange CEO Says Its Foolish To Ignore Bitcoin (BTC)

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The slide in the value of the cryptocurrency markets seems to have settled at the current levels of $253 Billion and at the moment of writing this. Bitcoin (BTC), the King of Crypto, is holding its own at levels above $6,000 and is currently trading at $6,084. Many traders have kept asking if this is the end of Bitcoin, but some experts believe that this is a normal cycle in any trading arena. There is always a decline in value after an impressive rally in any markets. We had one such rally back in December into January. We are in the decline phase. Then there is sure to be another rally sometime soon.

It is with this history of Bitcoin and the crypto markets, that the current co-CEO and co-founder of the revolutionary trading app known as Robinhood, Vlad Tenev, says that Bitcoin has significant staying power. What he means by this, is that Bitcoin is not going anywhere.

Vlad Tenev would later add the following during an interview at the CB Insights’ Future of Fintech conference:

“It’s very foolish to say bitcoin is done.” 

Further investigating his thoughts on Bitcoin, and looking back at BTC values exactly one year ago, we find that the digital asset was valued at around $2,650 in June 2017. Doing the math, the current values of $6,084 are a cool 130% higher than what we had a year ago. This is an amazing feat that can only happen in the crypto markets. In the regular stock markets, an asset that does 25% in a year, is celebrated to a level higher than an Olympic gold medalist.

Going back a bit further in the archives and during the Mt. Gox hack of 2013, we find that BTC fell from levels of $1,100 in December 2013, to $300 levels within a year. This is a significant drop in the value of up to 73%. Bitcoin did not recover to the values of $1,100 until around February 2017. It took over 3 years for these levels to be reached once again. Reflecting on this dark period of BTC, we can conclude that the crypto markets will be alright.

Bringing it all together, Bitcoin and the entire cryptocurrency markets are currently going through tough times due to regulatory headaches. Once that hurdle is out of the way with the countries of Japan, South Korea, Russia and the USA giving clear regulatory direction, then the crypto markets will surely take off to the tunes of being valued at levels higher than the predicted $20 Trillion.

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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

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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Bitcoin

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

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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.

How to Profit from Bitcoin…

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3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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