Bitcoin

JPMorgan Admits It Was Wrong About End Of Bitcoin Bull Run, Renews $140,000-Plus Price Forecast

At the time of this writing, the cryptocurrency known as Bitcoin has seen its value skyrocket to around $19,000  after dropping down to around just $4,840 in mid-March. This is significant because the all-time high for the cryptocurrency is $19,783 back in December of 2017, only to drop down to as low as $3,122. Within the past…

Record Inflows To Bitcoin; Record Outflows From Gold

On Wednesday, when looking at the growing decoupling between gold which has traded flat since August, and bitcoin which is about to take out its all time highs around $20,000… … we pointed out an observation from Deutsche which said that gold was up both during periods when deflation was the dominant concern… … and…

Why Big Banks Are Bullish on Bitcoin Now!

By Neenah Payne The following articles show the sea change happening now as big banks hop on the bitcoin bandwagon! The Forbes October 26 article Why America’s Biggest Bank Is Suddenly Very Bullish On Bitcoin says: JP Morgan, the largest U.S. bank by assets, has this year softened its previously harsh tone on bitcoin. The…

Bank Analyst Puts Bitcoin Price Prediction “As High As $318,000”

Authored by Shaurya Malwa via Decrypt.co, In brief A senior Citi executive predicts Bitcoin may reach the six-figure price mark in 2021. Bitcoin’s rise has been similar to gold in the 1970s, the executive said. The rise of state-backed digital currencies also shows a changing regime, one that supports the growth of Bitcoin, he added….

As Bitcoin Tops $16k, Dalio Warns Nations Will ‘Outlaw’ Crypto If Prices Keep Rising

The ongoing institutional flow into crypto has pushed Bitcoin back above $16,000 this morning. Source: Bloomberg That is the highest since Jan 2018… Source: Bloomberg But this bullish surge could have consequences as Ray Dalio, the billionaire hedge fund legend, warns that Bitcoin’s price going higher will only force governments to take action. image courtesy…

Bitcoin Nears $16k As Feds “Seize” $1 Billion In Crypto Linked To ‘Silk Road’

Bitcoin continued its post-election surge overnight, getting close to $16,000 for the first time since Jan 2018 as the volume of global negative-yielding debt soars, Source: Bloomberg And while the initial Bitcoin strength mirrored altcoin weakness, that rotation has stalled and now the entire crypto space is rising… Source: Bloomberg And this strength is coming…

QE Hope Sparks Big-Tech, Bitcoin, & Bullion Bid; But ‘Smart’ Money Is Dumping

If everything is so awesome in a new-but-same-as-the-old gridlock’d Washington (according to stocks), why is the smart money running out of the market? Source: Bloomberg We have seen this pattern before and it did not end well… Source: Bloomberg The bottom line for the last day or two is that Fed QE will be the…

Bitcoin Tops $14k As Billion-Dollar ‘Silk Road’ Wallet Moves For First Time Since 2015

After a tempestuous 24 hours, Bitcoin prices are back above $14,000 this afternoon, officially trading for 100 straight days above $10,000… Source: Bloomberg This move comes as CoinTelegraph’s Turner Wright notes that CipherTrace speculated that the anonymous user made the transactions “to stay up to date with the Bitcoin network,” but it may have been…

Bitcoin Is Going Mainstream Now!

By Neenah Payne Bitcoin’s Sudden Acceptance As Global Finance Changes shows that MicroStrategy invested $425 million in bitcoin this summer. PayPal, MasterCard, and Visa are pouring into bitcoin. The Office of the Comptroller of the Currency now allows bank cryptocurrency accounts. Millennials are choosing bitcoin over gold. The International Monetary Fund has called for Bretton…