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TOP STRATEGIST: Bitcoin will soar to $25,000 in 5 years
Posted on Thursday October 19, 2017

In the first episode of "the bit," FundStrat Global Advisor co-founder Tom Lee explains different methodologies for valuing bitcoin. Lee shares his short-term and long-term bitcoin price targets based on these valuation methods. Following is a transcript ...

Bitcoin is not the new gold, Goldman Sachs says
Posted on Thursday October 19, 2017

Cryptocurrencies like bitcoin are not the "new gold," Goldman Sachs said Bitcoin wallets are vulnerable to being hacked and the price is highly volatile, Goldman noted The investment bank said that precious metals are "still the best long-term store of ...

Is Bitcoin The New Gold? Goldman Sachs Doesn't Think So
Posted on Tuesday October 17, 2017

Goldman Sachs Group Inc (NYSE: GS)'s CEO Lloyd Blankfein said in early October that he has "no conclusion" on bitcoin's prospect and isn't ready to endorse or reject the digital currency. The executive's personal view of bitcoin remains unknown and may not ...

Is Bitcoin Benefiting From The ICO Crackdown?
Posted on Wednesday October 18, 2017

Is Bitcoin benefiting from the recent crackdown on initial coin offerings (ICOs)? According to several analysts, the answer to this question is yes. However, not everyone agrees, and for some, the situation is a bit more complicated than a simple “yes ...

Bitcoin recovers much of post-CFTC tumble
Posted on Wednesday October 18, 2017

The cryptocurrency was down nearly 10% earlier after the CFTC last night suggested "tokens" used in initial coin offerings may be subject to agency regulation. The SEC, of course, two years ago said much the same thing about ICOs. Bitcoin fell to as low ...

Healthy Pullback? Bitcoin Price Dips Back Below $5,300
Posted on Wednesday October 18, 2017

Bitcoin may be witnessing a healthy pullback. After having rallied more than 90 percent from a September low of $2,980, the bitcoin-US dollar (BTC/USD) exchange rate is trading at $5,240 today, a figure that, at press time, marks a new daily low.

7 Reasons Bitcoin Is Barreling Toward a $100 Billion Market Cap
Posted on Wednesday October 18, 2017

2017 may very well go down in history as the year of the cryptocurrency. Since the year began, through Oct. 16, the aggregate value of cryptocurrencies, as measured by market cap, is up 876%! It's taken the stock market more than two decades to generate ...

When Is the Next Bitcoin Hard Fork?
Posted on Wednesday October 18, 2017

Hard forks are supposed to be rare, but the next Bitcoin hard fork, scheduled for Oct. 25, 2017, will be the second one this year… There was a hard fork that created Bitcoin Cash on Aug. 1, and the next fork will create a separate and distinct ...

Bitcoin Biggest Dip in a Month Still Isn't Very Big
Posted on Wednesday October 18, 2017

Traders waiting for a pullback in bitcoin’s price to rebuild positions in the world’s largest cryptocurrency may have the U.S. Commodity Futures Trading Commission to thank. In a primer on the asset class published Tuesday, the agency said virtual ...

When we say Bitcoin, we mean Bitcoin Cash
Posted on Tuesday October 17, 2017

If you haven’t heard already, there are several forks coming. In mid-November, a group is planning to initiate the SegWit2X fork, the protocol change embedded in the BTC1 software seeking to raise the block size to 2MB in addition to using SegWit to ...

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