Tag: prediction

Bloomberg: Bitcoin Price “Fading”, $1,500 Possible

Bloomberg: Bitcoin Price “Fading”, $1,500 Possible

BITCOIN, CRYPTOCURRENCY, NEWSBTC
After MarketWatch got lambasted for publishing a questionable op-ed regarding a Bitcoin mining “death spiral,” the financial media continued their bearish cryptocurrency coverage on Wednesday. More specifically, Bloomberg News, which covers the crypto industry round the clock, recently had its in-house analysts tout a $1,500 per BTC prediction — far below what many traders deem “logical.”Bloomberg Analyst Bearish, Expects Bitcoin To Fall To $1,500While selling pressure has begun to abate, with 24-hour volumes in the cryptocurrency market falling to $14 billion, BTC continued its seemingly endless downtrend on Wednesday. The asset, which ranged primarily between $3,900 and $4,200 for a week, fell under the former price level in recent hours. During one point on Wednesday, the foremost crypt
WTO Report: Blockchain Technology Could Add $3 Trillion to International Trade by 2030

WTO Report: Blockchain Technology Could Add $3 Trillion to International Trade by 2030

BITCOIN, BLOCKCHAIN, BTC MANAGER, ETHEREUM
A report published by the World Trade Organization (WTO), on November 27, 2018, claims that blockchain technology could potentially add $3 trillion to international trade and finance by 2030. However, it also mentioned that blockchain should not be considered a panacea, and a careful cost versus benefit estimate is required during its application. Application of Blockchain Across Various Sectors Titled “Blockchain and International Trade: Opportunities, Challenges, and Implications for International Trade Cooperation,” the report studies the fields of application of blockchain technology, along with the obstacles that must be taken care of before its deployment across the industries. Some of the industries where DLT could make the operations efficient include finance, supply chain manageme
BitMEX CEO Accurately Called $5,000 Bitcoin in August, Is $2,000 Next?

BitMEX CEO Accurately Called $5,000 Bitcoin in August, Is $2,000 Next?

BITCOIN, NEWSBTC
Bitcoin has set a new low for 2018, and is now inching closer and closer to BitMEX CEO Arthur Hayes’ prediction that Bitcoin will reach $5,000.BitMEX CEO Called for Bitcoin to Test $5K Support, Nails PredictionOutspoken CEO and co-founder of popular margin-trading platform BitMEX has made a number of predictions about Bitcoin’s price since the leading cryptocurrency by market cap reached its all-time high of $20,000 last December. One of his most recent predictions, calling for Bitcoin to hit $5,000, is about to become a reality.While many cryptocurrency analysts had been calling for a bottom, Bitcoin finally fell through its seemingly unbreakable and repeatedly tested support at $6,000, quickly plummeting to $5,500 yesterday, and hitting a low of $5,250 earlier this morning – a mere $250
Another Bitcoin Bubble Predicted by Vinny Lingham

Another Bitcoin Bubble Predicted by Vinny Lingham

BITCOIN
The blockchain entrepreneur and CEO of Civic expressed his opinion on a possible Bitcoin bubble while speaking at a blockchain event in South Africa.Civic Co-Founder Talks About the IndustryVinny Lingham, the co-founder and CEO of Civic, a blockchain company focused on identity security and protection, has predicted another bubble for Bitcoin. He made this observation while speaking at a blockchain event in Johannesburg earlier this week.The “Chain Reaction” event was organized by the Blockchain Entrepreneurs Club South Africa (BECSA). The speakers also included Monero lead maintainer Riccardo Spagni and the Luno country manager for South Africa, Marius Reitz.Lingham spoke about the state of blockchain projects, hurdles to adoption, as well as the cryptocurrency market. Lingham, a South Af
Blockchain revenues forecasted to hit $10.6+B by 2023

Blockchain revenues forecasted to hit $10.6+B by 2023

BLOCKCHAIN, CRYPTOCURRENCY
Oyster Bay, New York-headquartered ABI Research, a market-foresight advisory company offering strategic consultation on the most fascinating transformative technologies, has forecasted more than $10.6 billion in blockchain revenues by 2023.The blockchain revenues prediction is for all combined markets worldwide, including the finance and insurance industries, public services, supply chain management, arts and entertainment and retail and consumer. “The success of blockchain in fintech has prompted significant investment in deploying the underlying infrastructure for application development and testing in other industries,” said ABI Research director Michela Menting in a press release ABI Research sent to CoinReport. “Tech giants such as IBM, Microsoft, Amazon, SAP, HPE, and Oracle, among o
BitcoinIRA Exec: Bitcoin Could Surpass $40,000 After ETF Approval, Institutional Adoption

BitcoinIRA Exec: Bitcoin Could Surpass $40,000 After ETF Approval, Institutional Adoption

BITCOIN, ETHEREUM, NEWSBTC
As Bitcoin, along with the rest of the cryptocurrency market, began to rally heading into last weekend, the sentiment surrounding the future prices of crypto assets seemingly began to shift, as many optimistic investors claimed that an upside is in store.Chris Kline, a community voice at Forbes and the co-founder and COO of BitcoinIRA, recently revealed a specific set of four factors that could push the price of Bitcoin over $40,000 by the end of 2019. In a piece that quickly gained traction (and its fair share of controversy) throughout the cryptosphere, Kline first referenced a prediction made by Marc Lasry and backed up what the billionaire investor had to say, writing:“In my opinion — the price [of BTC] may well surpass $40,000 by the end of 2019 and could continue to climb as we enter
Genesis Trading CEO: Bears Are Running Out of Steam, Bitcoin at $10,000 is Likely

Genesis Trading CEO: Bears Are Running Out of Steam, Bitcoin at $10,000 is Likely

BITCOIN, NEWSBTC
The usual suspects seem to be back at the Bitcoin game once again, with CNBC Fast Money hosting yet another guest to speculate on the future price action of the ever so volatile crypto market.“We Are More Likely To See 10k, Than 5k”On Wednesday, CNBC Fast Money, which covers the crypto industry on a near-daily basis, took on Michael Moro, CEO of Genesis Trading and Genesis Capital, as the guest industry insider..@michaelmoro of @GenesisTrading says #bitcoin $10k is coming soon. Here's why. pic.twitter.com/fdn79pwQ5K— CNBC's Fast Money (@CNBCFastMoney) August 29, 2018Over the past few days, Bitcoin surpassed the $7,000 price level for the first time in three weeks, with no clear catalyst to the surprise of many. Leading some, including CNBC host Mellisa Lee, to ask why has the crypto market
Permabull Tom Lee: Bitcoin Price at $20,000 Still Possible By The End Of 2018

Permabull Tom Lee: Bitcoin Price at $20,000 Still Possible By The End Of 2018

BITCOIN, NEWSBTC
When it comes to Bitcoin bulls, there isn’t anyone who is as optimistic as Fundstrat’s Tom Lee. And with a recent appearance on CNBC, Lee has only cemented this theme, drawing attention to indicators that could indicate that Bitcoin bears are losing steam.Fundstrat Analyst Remains Bullish, Even After Eight Months Of Bearish Price ActionWhere’s Bitcoin headed next? That’s the question that has been weighing on the minds of crypto investors worldwide. Tom Lee, the head of research at Fundstrat Global Advisors, recently appeared on CNBC’s “Fast Money” segment to discuss his outlook on this market.Lee, dubbed “Wall Street’s biggest Bitcoin bull” by some, debuted his time on the show by drawing attention to a throng of positive indicators. Alluding back to the countless number of appearances he
Bitcoin Price Won’t See $10,000 by End of 2018, Says Forbes

Bitcoin Price Won’t See $10,000 by End of 2018, Says Forbes

BITCOIN
Forbes had originally predicted that Bitcoin price would hit $10,500 by the end of 2018, but now they say it won’t hit $10,000 at all.2018 has definitely been a rocky road for Bitcoin and other cryptocurrencies. A brutal drop in value that began in early 2018 saw Bitcoin fall from its all-time high of nearly $20,000 in mid-December 2017.However, summer marked a welcome change. July was a good month for Bitcoin as prices were bouncing back into the bullish game. Bitcoin price flickered around $8,200 by the end of July, which was a strong recovery from the lows of $5,755 in late June.Even though the Bitcoin market performed well, the price still plunged to $6,500 in the first two weeks of August. Thus, after observing the ongoing downfall in Bitcoin trading activity, Forbes has now seemingly
Arthur Hayes’ $5,000 Prediction Draws Ever Closer As Market Drops

Arthur Hayes’ $5,000 Prediction Draws Ever Closer As Market Drops

BITCOIN, NEWSBTC
Cryptocurrency price predictions have become as plentiful as trees in a forest, but many never come to fruition. Nonetheless, with the crypto market’s move lower, some have begun to believe that Arthur Hayes’ $5k prediction could be in store for Bitcoin.From $5k To $50k — Arthur Hayes’ Extreme Bitcoin PredictionArthur Hayes, the CEO of BitMEX and a passionate cryptocurrency proponent, has not been one to back down from a tough question. When queried about his prediction for the price of Bitcoin come the end of 2018, Hayes stated, albeit somewhat jokingly, that Bitcoin will reach $50,000. As reported by NewsBTC, he doubled down on this sentiment in late June, drawing attention to the potential for a positive regulatory decision that could bring the price of the foremost digital asset past $