Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire

The bitcoin price will rocket over the next three years, and cryptocurrency valuations will spike accordingly, says Jeremy Allaire, the co-founder and CEO of Circle, a peer-to-peer payments technology company backed by Goldman Sachs. While Allaire was reticent to set a specific bitcoin price target, he predicts that its value will unquestionably be a lot higher in …

Bitcoin is a ‘Dead Man Walking’, Claims Creative Planning CIO

Bitcoin is a “dead man walking” whose price will eventually plunge to zero. That’s the dire prediction of Peter Mallouk, the president and chief investment officer of Creative Planning Inc., a Kansas investment firm that manages $32 billion in assets. The avowed bitcoin skeptic said BTC bulls are delusional saps who don’t realize that their …

Bitcoin ‘Nuclear Winter’ Doesn’t Scare Billionaire Crypto Bull Jim Breyer

Billionaire investor and venture capitalist Jim Breyer stated that despite a prolonged crypto “nuclear winter,” he still believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements. Speaking at the 2018 Fortune Global Tech Forum in Guangzhou, China, Breyer noted that while these are …

‘Something Very Wrong With Bitcoin Cash ABC

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. An explosive Medium.com article by pseudonymous developer _unwriter, who primarily works on two Bitcoin Cash infrastructure projects call BitDB and BitSocket, both of which are critical to several Bitcoin Cash-community outfits, levies a number …

Crypto Will Survive Bear Market But Won’t Replace Money: Allianz Chief Economist

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Crypto will survive the current market sell-off because it’s here to stay. However, cryptocurrencies won’t replace fiat money anytime soon. That’s the assessment of Allianz chief economist Mohamed El-Erian. “Cryptocurrencies will exist. They …

It’s a ‘Grand Ponzi Scheme’

Twitter Facebook LinkedIn Financial analyst Gary Shilling said his eponymous New Jersey investment firm, A. Gary Shilling & Co., is shorting bitcoin because it’s “some kind of a grand Ponzi scheme.” Shilling told CNBC that he’s troubled by the opaque nature of the crypto industry. Specifically, he’s concerned that the identity of Satoshi Nakamoto — the …

Bitcoin Bear Market Could Last 18 More Months: BitMEX CEO

Twitter Facebook Bitcoin prices and trading volume might keep plummeting, and the current bear market could last another 18 months. That’s the sobering assessment of Arthur Hayes, the CEO of the Bitcoin Mercantile Exchange (BitMEX), the world’s largest bitcoin derivatives trading platform. “My view is the volatility environment that exists right now could persist for …

AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’

The American Association of Retired Persons (AARP) has ascribed a bizarre definition to bitcoin in a caustically worded article on its website published on Wednesday, Oct. 10. In the slideshow post titled “Improve Your Financial Literacy With This Glossary,” a heavy dose of contempt is specifically reserved for the description of bitcoin and blockchain in …

Mixed Signals Arising. When Moon?

Bitcoin price continues to move side-ways and there isn’t much volume coming into cryptocurrency. There are some catalysts that could potentially kick-start another bull-run, however, uncertainty is an important characteristic of any market; it becomes quite hard to predict the best time-frame to put some fresh cash into cryptocurrency. My non-professional advise? Don’t try to …