Similar to 2017 and the popular cryptocurrency bull run, last year created a fresh buzz in the world of crypto and Bitcoin (BTC) particularly. From setting new all-time highs to making various news rounds and capturing mainstream finance’s attention, the pandemic year was exciting for cryptocurrency enthusiasts and believers. Related: Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer One conversation that perhaps stands out amid the buzz is institutional investors’ increasing activity in crypto. Companies, financial advisers and institutions that mocked Bitcoin five years ago, or during the Silk Road saga, are now …
Famous investor and Berkshire Hathaway CEO Warren Buffet called Bitcoin "probably rat poison squared" back in 2018. In his 2020 fourth-quarter market letter, financial analyst Bill Miller agreed with Buffett’s description of the asset — but not without his own addendum. “Warren Buffett famously called bitcoin ‘rat poison,’” Miller said in his Saturday letter, adding: “He may well be right. Bitcoin could be rat poison, and the rat could be cash.” Miller started his letter by explaining how each new year often paves the way for various financial predictions. Financial expectations and projections can be worthless, however, as proven by …
What needs to happen for Bitcoin (BTC) to cement its role in the public eye as a valid investment option? "Time," Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, told Cointelegraph in an email. "This is NOT a technological revolution," he clarified, adding: "It’s a monetary revolution - which takes (traditionally) centuries to manifest, whilst in the digital age, Bitcoin is likely to do it in decades." Bitcoin rising despite instability Since Bitcoin's 50% March price dive, in the midst of coronavirus fear and uncertainty, the mainstream public has become increasingly interested in crypto's pioneer asset. The coin …
The world’s largest cryptocurrency, Bitcoin (BTC), is at a defining moment in history, according to analysis from United States investment bank Citigroup. Bitcoin is now at a “tipping point” to either become the preferred currency for international trade or face a “speculative implosion,” Citi analysts reportedly said. According to a Reuters report Monday, Citi analysts are confident that Bitcoin is on the cusp of going mainstream. According to the report, Bitcoin’s tremendous potential has been fueled by recent big Bitcoin moves by companies like Tesla and Mastercard. Citi analysts wrote, “There are a host of risks and obstacles that stand …
The co-founder at Hong Kong-based blockchain investment firm Kenetic has predicted that bitcoin (BTC) will rally as high as $30,000 by the end of 2019. Kenetic Capital’s Jehan Chu provided his stance on major issues around bitcoin in an interview with “Bloomberg Markets: Asia” published on May 28. According to Chu, bitcoin will continue its bullish direction along with the rest of crypto market in 2019 due to three main factors, including the drive of mass adoption by global giants such as Facebook, JPMorgan, Rakuten and Fidelity, who have recently turned their interest towards crypto. Chu added that his bullish …