INVESTMENT GURU FLIPS ON BITCOIN – “ALIVE AND WELL”
The future of Bitcoin has been brightly reignited. Mark Mobius, Investment Guru and co-founder of Mobius Capital Partners has taken a strong turn on his thoughts about Bitcoin (BTC). Previously, Mobius once branded Bitcoin a “real fraud”, but has now come out in a recent newswire podcast with Bloomberg, announcing that he strongly believes that Bitcoin will be “alive and well” in the future. “There is definitely a desire among people around the world to be able to transfer money easily and confidentially. I believe that Bitcoin and other cryptocurrencies of that type are going to be alive and well.” …
BITCOIN SURGES TO HIT NEW HIGHS
The crypto market has made an impressive return over the last two days, adding $28 billion to its market, seeing the Bitcoin price surge above $8,100 USD to hit a new 2019 high. This marks the beginning of a new bull market. Alex Kruger, Global Markets Analyst suggests that the reason why Bitcoin is rising so rapidly was initiated without the involvement of the mainstream public. Kruger tweeted on May 12 2019, “This BTC rally is happening without the general public yet involved en masse. This is very bullish”. It is strongly suggested that the upward momentum of the crypto …
BITCOIN – INDISPUTABLY THE BEST INVESTMENT OF 2019
Bitcoin (BTC) is leading the way in the investment arena, being crowned the best investment of 2019, recognised by the Wall Street Journal as the biggest winner. BTC is running circles around all other asset classes and as a result this is not something any assertive Wall Street investor should ignore. Bitcoin has rallied by more than 50 per cent after it experienced lows in 2018. BTC was not alone in experiencing a disastrous 2018, with 87 per cent of all other assets including stocks, commodities, bonds and credit markets experiencing slumps. Nonetheless, in April 2019, BTC made an intense …
TOM LEE: BTC To Hit Historic Highs By 2020
Founder of Fundstrat Global Advisors Tom Lee has predicted in an interview with CNBC on April 28 that cryptocurrency prices will hit new historic highs by 2020. During the interview, Lee anticipated that Bitcoin (BTC) is yet to complete its upward movement and will reach an all time high based on “11 signs that historically only take place in a bull market”. Lee further explained that three out of the 11 signs are already having a positive impact on BTC, indicating that the crypto winter has seen its end. These signs include Blockchain, technical indicators and trading volumes. In January …
BTC OUTPERFORMS NASDAQ IN Q1 OF 2019
We are only in the first quarter of 2019 and it is already safe to say that Bitcoin (BTC) is having a great start to the year. Since the beginning of the year the cryptocurrency has already gained around 40 per cent of its value, soaring to outperform NASDAQ, the S&P 500 as well as most commodities such as gold and oil. Bitcoin’s success does not stop there however; it has also managed to outperform the stock value of marquee companies such as Amazon, JD.com, iQiyi and traditional assets, stocks and indexes. Bitcoin is currently sitting at USD $5,568.53, and …
US Pension Fund First To Enter Crypto Asset Universe
Morgan Creek Digital has become the first US pension fund to enter the crypto asset universe, joining the likes of Yale University, the second largest legacy in higher education. This has come after the US national debt has just crossed the landmark level of $22 trillion and the need to devise a potential solution to solve the impending pension crisis in the US. Currently the global debt is hovering above $250 trillion, which is past the debt level of the previous global financial crisis (GFC), which we experienced in 2008. Two pension plans in Fairfax County, Virginia have invested millions …
The Best Is Yet To Come
Do not fear, if you feel like you have missed the crypto boat and left your run too late, you haven’t. The Bitcoin revolution is only just starting to take off and with the next bull run expected to hit in 2020, Changpeng Zhao, Bitcoin billionaire and CEO of crypto currency exchange Binance states, “It’s at the beginning of the beginning, the best is yet to come”. Zhao is not alone in his assured attitude when it comes to the future of crypto and what it will be capable of in the future. Tech billionaire Tim Draper also agrees that …
Bitcoin History Repeats Itself: Block Halving To Kick Start The Next Bull Run
BTC (Bitcoin) is set to halve in the year 2020 and for the serious investor who considers crypto currencies as a lasting asset, this block reward halving that is set to happen could not come at a better time. This event will fuel the upward spiral of the price of BTC making it a positive financial catalyst for all investors involved. Historically if we look at when BTC has been halved in the past we can see the same positive upward trend repeat itself. Halving’s are the most bullish events in BTC history. In November 2011 BTC was worth $2 …
Australia Set To Become Worlds Next Crypto Currency Hub After Banks Exposed
The Royal Commission has released their report into the misconduct in the Australian Banking and Super Annuation sectors and their findings are nothing short of an absolute disgrace to the financial treatment of Australians. Commissioner Kenneth Hayne yesterday finally delivered his findings to the public after an extensive investigation, which was originally opposed and put off by the Australian Government for the last 16 months. So, what did Hayne expose? Evidence of 100s of millions of dollars being taken from Australians through the charging of fees but offering no service, misleading customers and charging dead people, just as a few …
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