Bitcoin Cryptocurrency News

Study Suggests Scarcity Could Drive Bitcoin Price to $60,000 by May 2020

Bitcoin price predictions have been coming thick and fast in recent months as the world’s top digital asset recovers from an almost year-long bear market. Some are just pie in the sky, but others have delved deeper into what could drive BTC prices to a new all-time high in the months ahead. Scarcity Will Increase Read more…

Bitcoin Cryptocurrency News

Coinbase: Institutional Folks Buying $200-400M Worth Crypto A Week

Brian Armstrong talked about institutional investors in the cryptocurrency space on Twitter earlier this week, saying the question of whether or not institutions will adopt cryptocurrencies has been answered. Coinbase is reportedly seeing hundreds of millions of dollars per week pouring in from legacy financial institutions. Custody Woes The main issue cited by institutions looking Read more…

Bitcoin Cryptocurrency News

Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders

Yesterday’s big announcement that regulatory approval has been granted to Bakkt could be the best news bitcoin investors have had this year. It opens the door to institutional investors and is a huge step forward for crypto industry legitimization in the US. Bakkt To Launch Next Month After months of procrastination, the new cryptocurrency trading Read more…

Bitcoin Cryptocurrency News

Bakkt Wins Regulatory Approval to Launch Bitcoin Futures

Bakkt has won approval from US regulators to trade physically-settled bitcoin futures, a move many believe would legitimize the cryptocurrency industry before institutional investors. The Intercontinental Exchange’s subsidiary announced on Friday that the New York Department of Financial Services (NYDFS) had given them clearance to acquire a New York state trust charter. That would provide Read more…

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Newsflash: Bitcoin Price Craters Below $11,000 as Trump Stuns Market

The bitcoin price careened below $11,000 after the Trump administration stunned the market by delaying new tariffs on China. | Source: REUTERS/Leah Millis/Shutterstock; Edited by CCN The bitcoin price slid below the $11,000 mark for the first time in more than a week on Tuesday, as the flagship cryptocurrency’s burgeoning inverse correlation with the S&P Read more…

Bitcoin Cryptocurrency News

Goldman Sachs Sets Short-Term Bitcoin Price Target at $13,971

Goldman Sachs is predicting a new 2019 bitcoin price high of $13,971 once the current pullback is over. 30% Bitcoin Price Pullback — Another Buying Opportunity? In a note released to investors, the Wall Street bank predicted a short-term bitcoin price target of $13,971. Going by the current market value, this forecast indicates a 25% Read more…

Bitcoin Cryptocurrency News

Bitcoin Price On Way To $250,000 By Q1 2023: Tim Draper

Billionaire investor Tim Draper says Bitcoin price will be worth more than $250,000 before 2023. He also believes the digital asset will be a major method of exchange in the future. Boxing and Bitcoin Billionaire venture capitalist and Bitcoin bull Tim Draper is making media waves again. Draper is well known for predicting that Bitcoin Read more…

Bitcoin Cryptocurrency News

Bitcoin Is Now The 11th Largest Money In The World

As helpfully tweeted by the trader and analyst known as Rhythm, Bitcoin is now the 11th largest money/monetary supply in the world. That’s pretty impressive for a 10-year-old upstart, created from an anonymously published 9-page whitepaper. Less Is More, More Or Less Bitcoin’s mathematically limited supply has seen it being increasingly used as a store of Read more…