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Hodler’s Digest, October 8-14: Ran Neuner Thinks BTC’s Price Will ‘Explode,’ While Research Predicts Market Will ‘Implode’
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week CNBC’s Ran Neuner Claims Bitcoin’s Price Is Set To “Explode” Ran Neuner, crypto analyst and host of CNBC’s show Cryptotrader, said this week that the price of Bitcoin is “about to explode.” In a series of tweets, the trader predicted that a notable Bitcoin rally could be tied to the SEC’s upcoming decision …
Bitcoin / Oct. 14, 2018
World Bank President: Distributed Ledger Technology Has ‘Huge Potential’
The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies. Kim spoke at the International Monetary Fund (IMF) and the World Banks’ Annual Meeting in Bali, Indonesia Oct. 11. Kim addressed the importance of fighting poverty while boosting prosperity, pointing out that “there are innovations in the technological world that can help us leapfrog generations of bad practice, generations that would take forever in terms of reducing corruption.” Kim said: “We talked about cryptocurrencies, but we think distributed ledger has …
Blockchain / Oct. 13, 2018
CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision
Crypto analyst and host of CNBC’s show Cryptotrader Ran Neuner has claimed that the price of Bitcoin (BTC) is “about to explode” in a recent tweet October 7. Neuner expressed his utmost confidence in an upcoming surge in Bitcoin’s price by noting “I just bought Bitcoin for my parents” in the same tweet. A notable rally would likely be tied to the U.S. Security and Exchange Commission’s (SEC) highly-anticipated upcoming decision on several Bitcoin Exchange-Traded Fund (ETF) applications, the trader claimed in another tweet posted the same day. Explaining his optimistic prediction, the crypto analyst pointed to the fact that …
Etf / Oct. 8, 2018
Blockchain Capital Expert: ‘Bitcoin Is Close to Bottoming’
Spencer Bogart, an expert from digital currency and blockchain venture firm Blockchain Capital has said that the Bitcoin (BTC) price has nearly found its bottom, CNBC reported Oct. 5. Speaking on CNBC’s “Fast Money,” Bogart asserted that “we're down about 70 percent from our highs, so I think that Bitcoin is close to bottoming and so is the rest of the market.” Bogart added that the news flow regarding the cryptocurrency industry “is a piece of kindling that we are going to throw onto a future crypto bonfire when we have the next bull market." Bogart said: “Towards the end …
Bitcoin / Oct. 6, 2018
Pantera Capital CEO: Investors ‘Overreacting’ to ETF Delay, Should Focus on Bullish News
Pantera Capital CEO Dan Morehead claimed that crypto markets are reflecting some overreaction from investors recently, in comments to CNBC August 8. Speaking in an interview on CNBC's “Fast Money,” Morehead suggested that investors have exaggerated the importance of the U.S. Securities and Exchange Commission (SEC) recent delay on their decision regarding a Bitcoin (BTC) Exchange-Traded Fund (ETF). As per Morehead, crypto investors should instead focus on more bullish events in the market, such as the announcement of upcoming cryptocurrency project Bakkt by the Intercontinental Exchange (ICE). The ICE, which operates 23 large global exchanges including New York Stock Exchange …
Etf / Aug. 9, 2018
FN: BlackRock Eyes Bitcoin Futures, Market Reacts to Increased Institutional Interest
The world’s largest exchange-traded fund (ETF) provider BlackRock announced the formation of a working group to assess potential involvement in Bitcoin (BTC), Financial News (FN) reports today, July 16. The move furthers a U-turn on BlackRock’s previously critical stance towards cryptocurrency. Following in the footsteps of fellow giant Goldman Sachs, the cross-industry working group convened by BlackRock will among other things focus on whether the company should invest in Bitcoin futures, FN reports, citing “two people familiar with the matter.” In general comments to FN, a spokeswoman from BlackRock said the company had been “looking at blockchain for several years” …
Etf / July 16, 2018
CNBC’s Brian Kelly: Current Bear Trend ‘By No Means’ Funeral for Bitcoin
The current bear market is not a funeral for Bitcoin (BTC) “whatsoever,” CEO of BKCM LLC investment firm Brian Kelly said on CNBC's Fast Money segment June 22. We tried to have a funeral for #Bitcoin as it fell below $6K, but @BKBrianKelly is still a believer. Here's why he thinks the cryptocurrency will resurrect pic.twitter.com/B8ozbzPsfJ — CNBC's Fast Money (@CNBCFastMoney) June 22, 2018 To back up his statement, Kelly provided three key factors. First, he pointed out that the market sentiment is “approaching lows,” implying that a trend reversal is likely to follow. Bitcoin, trading at $5,881 as of …
Bitcoin Price / June 24, 2018
Tom Lee Holds to $25,000 Bitcoin Price Prediction, Cites Three Supporting Factors
Co-founder and Fundstrat strategist Tom Lee is holding to his prediction that Bitcoin (BTC) will reach $25,000, CNBC reports May 23. Lee identifies three key factors that make him believe the price will surge past the 2017 high. On Wednesday, BTC dropped below $8,000 and traded around $7,500, losing most of the gains it made from mid-April to early May. With Wednesday's plunge, BTC is now down 41 percent this year. Lee believes the drop is only due to “typical crypto volatility”, and explains his bullish stance with three major factors. The first key factor is the BTC production and …
Bitcoin / May 23, 2018
Ethereum Foundation Advisor: SEC Lacks Fundamental Understanding of Core Nature of Crypto
William Mougayar, author of "The Business Blockchain" and advisor to the Ethereum Foundation, said in an interview with CNBC May 18, that regulators lack a foundational understanding of cryptocurrencies. Speaking to CNBC, Mougayar explained that in an attempt to regulate digital currencies, the US Securities and Exchange Commission (SEC) lacks an understanding of the core nature of the industry, trying to apply a one-size-fits-all approach: “The SEC is still trying to educate themselves, not just educate the public … Right now they are still grappling with it and for them the box that they play in is that they see …
Bitcoin / May 19, 2018
Nasdaq CEO Says Company ‘Open’ To Becoming Crypto Trading Platform When Market Matures
The CEO of Nasdaq said that the stock market could become a platform for trading cryptocurrencies in the future, if the market becomes more regulated, CNBC’s Squawk Box reports Wednesday, April 25. Nasdaq CEO Adena Friedman said during an interview that “certainly Nasdaq would consider becoming a crypto exchange over time.” Friedman believes that cryptocurrencies “will continue to persist,” the only caveat being the amount of time it will take for the crypto sphere to mature. Once that kind of institutional regulations set in, according to Friedman, Nasdaq can say: “‘It's time, people are ready for a more regulated market, …
Bitcoin / April 25, 2018
CNBC’s Brian Kelly Supports Tim Draper’s BTC Prediction Of $250,000 By 2022
After investment tycoon Tim Draper said earlier this week that Bitcoin (BTC) could hit $250,000 by 2022, CNBC Fast Money’s Brian Kelly has supported this prediction in a CNBC interview from yesterday, April 13. In response to a question about Draper’s high prediction, Kelly responded that although “it sounds crazy,” when one considers that BTC already had a 4,000 percent return over two years, a 3,000 percent return over four years could be a “continuation of the trend we’ve seen.” Kelly continues by noting that an increase of institutionalized money into the crypto sphere - Rockefeller’s VC arm, a Goldman …
Bitcoin / April 14, 2018
CNBC’s Ran Neuner Says Bitcoin Will End 2018 At $50,000
Ran Neuner, the host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia, made a tweet Thursday, Feb. 1 claiming that Bitcoin will end 2018 at the price point of $50,000. The CNBC channel has been increasingly involved in cryptocurrency reporting over the past few months. On Jan. 8, the cable network aired a step-by-step tutorial on how to buy Ripple using the Poloniex exchange as a platform for the purchase. Host Brian Kelly demonstrated the entire process live on the channel. In December 2017, an issue of CNBC’s Fast Money mentioned Bitcoin Cash both …
Bitcoin / Feb. 2, 2018