Chief Economic Advisor at financial services company Allianz, Mohamed El-Erian, told CNBC today, June 29, that he thinks Bitcoin (BTC) will eventually be treated as a store of value ? and that he would consider buying if the price hits $5,000.
segwit2x
: Big Bounce as $20 Billion Pours Back into Crypto
It may be too early to get excited about this, which may turn out to be just another small correction before further losses. Total crypto market capitalization has jumped back over $250 billion with an 8% climb on the day. This equates to just over $19 billion going back into crypto markets in the past 6 hours to put them at the $255 billion level. Trade volume has climbed from $11 to $14 billion but is still relatively low. The markets are back at the same level they were this time last Saturday but over the past month are still down 23%.
Arthur Hayes, CEO of BitMEX, popular leveraged trading exchange, still has his eyes set on the $50,000 EOY price prediction that he made earlier this year. Hayes, a former traditional assets trader and a graduate of Wharton, has made a name for himself in the cryptocurrency industry after a tenure on the Asian ?Wall Street?.
Later adding that the cryptocurrency market is perhaps ?one positive regulatory decision away, maybe an ETF approved by the SEC, to climbing through $20,000 or even $50,000 by the end of the year.?
Angehängte Grafik: screenshot_20180705-105736.jpg (verkleinert auf 45%)
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06.07.18 13:18
segwit2x
: Tom Lee Maintains His $25,000 Prediction for 2018
?We still think bitcoin can reach $25,000 by the end of the year or something like that.?
Making the point afterward that whether the number is 20 or $25,000 its still a 200% gain from where BTC is today. Lee?s prediction is partly based on future Bitcoin mining costs. He explained his thinking by saying ?The reason bitcoin looks really good here is the cost of mining around $7,000 fully loaded. And the difficulty is rising. So by the end of the year, it?s going to be $9,000.?
?60.000 Dollar pro Bitcoin sind dieses Jahr noch möglich?
Im Tief notierte Bitcoin Ende Juni bei 5.700 US-Dollar, satte 71,5 Prozent unter dem Rekordhoch. Hosp gab allerdings zu, dass es ein ?massives, positives Ereignis? bräuchte, um den Preis bis auf 60.000 Dollar zu schieben.
Als Beispiele nennt er einen Bitcoin-ETF - dem Börsenaufseher wie die US-amerikanische SEC bislang immer eine Abfuhr erteilt haben - oder die Ankündigung eines Landes, welche ?sehr, sehr positiv? für Bitcoin wäre. Hier meint Hosp womöglich die Annahme Bitcoins als gültiges Zahlungsmittel. Das würde den Preis hochtreiben, die mediale Debatte anheizen und so sein Ziel von 60.000 Dollar bis zum Jahresende möglich machen.
Angehängte Grafik: screenshot_20180713-074107.jpg (verkleinert auf 45%)
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15.07.18 08:17
segwit2x
: Bitcoin ETF Decision will NOT be on August 10
In an article published by CoinGape on July 11, it was suggested that the SEC would make their decision regarding the proposal by August 10. However, according to a Reddit post made last night by exceptionally well-named Reddit user CryptopherWalken, it now seems that date may not be correct.
The CoinGape article appears to have reached the date due to a notice from the SEC stating that a decision will be no less than 45 days from the date of publication in the Federal Register. The SEC noticewas published on June 26, but that?s not the same date that it was published in the Federal Register.
The Federal Register publication only appeared on July 2, meaning the date for a decision can be no sooner than August 16. Even then, the date can be extended if required and even once the eventual date does arrive the SEC can still initiate further proceedings to assist in decision making.