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Bitcoin Beats Other Cryptos in ‘Smarter’ Bull Market, Says Billionaire Investor

By CCN: Mike Novogratz, the billionaire CEO of Galaxy Capital and a former hedge fund manager at Fortress Investment Group, believes alternative cryptocurrencies, or altcoins, will be outperformed by bitcoin in the bull market. Not this time. Market getting smarter. $btc will outperform. — Michael Novogratz (@novogratz) May 19, 2019 The statement of Novogratz comes after the bitcoin price risen by more than 115 percent year-to-date against the U.S. dollar, leading the crypto market to add $124 billion to its valuation. Will bitcoin continue to outperform altcoins? Historically, altcoins have…

Bitcoin Searches Rocket to 13-Month High Amid ’60 Minutes’ Hype

By CCN: Google searches for bitcoin have climbed to a 13-month high, in tandem with its price spikes following the brutal 2018 crypto bear market. Google Trends tracks search interest for certain terms. Interestingly, the countries that are leading the Google searches are not cryptocurrency powerhouses: South Africa. The Netherlands. Slovenia. Austria. Nigeria. Rising public curiosity over bitcoin isn’t surprising, given how volatile the market has been. An erratic market sparks intense controversy, with proponents and opponents rabidly debating whether the downturn is temporary or is definitive “proof” that bitcoin…

Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price

By CCN: Many in the crypto community remained calm and banded together despite the steep drop in the bitcoin price on the heels of an otherwise incredibly bullish month. Bitcoin’s value was slashed by approximately $21 billion in the last 24 hours, with the BTC price currently holding above the $7,000 threshold. The declines were traced back to a mega sell order on Bitstamp exchange, either creating an opportunity for investors who missed the previous run or providing a warning before the other shoe drops. Of course, crypto bulls and…

Sneak Peek! 2024 is Absolutely the Year Bitcoin Becomes Mainstream

By CCN: Bitcoin may be a decade old, but we’re still in the early stages. In fact, we’re so early that a Medium article revealed that we’re in the year 1994 if you compare crypto’s trajectory to that of the internet in the early 1990s. Nevertheless, mass adoption is coming at a rapid rate and our research shows that we are half a decade away from that dream. In this article, we explain why 2024 is the year that cryptocurrencies become mainstream. The Number of Bitcoin Users Will Definitely Explode…

Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order

By CCN: On May 17, within minutes, the bitcoin price plummeted from around $7,800 to $6,400 in a flash crash, recording an unexpected 18 percent drop. The bitcoin price briefly plunges to $6,400, recovers swiftly (source: coinmarketcap.com) The sudden decline in the bitcoin price led the valuation of the crypto market to plunge from $257 billion to $225 billion, by more than $32 billion in less than 24 hours. What triggered the sudden bitcoin price drop? According to researchers and investors including Su Zhu, the CEO at Three Arrows Capital,…

Bitcoin Analyst Destroys Mr. Wonderful After Shark Tank Star Slams Crypto

By CCN: When it comes to ignorant allegations about bitcoin, Shark Tank’s Kevin O’Leary took the cake this week, managing to hit every wrong button in trying to bash the suddenly-resurgent cryptocurrency. Kevin O’Leary: Bitcoin a ‘Scam’ & ‘Total BS’ O’Leary, also known as “Mr. Wonderful,” tried to debate bitcoin enthusiast Anthony “Pomp” Pompliano on CNBC’s SquawkBox Tuesday. The co-founder and partner at Morgan Creek Digital crushed him like a cockroach, which is precisely what O’Leary calls entrepreneurial hopefuls’ ideas when he viciously shoots them down. In bashing bitcoin, O’Leary…

Bitcoin Price Smashes Through $8,100 in Minutes, Analysts Eye $10K

By CCN: The bitcoin price has increased from $6,863 to $8,167 by more than 19% in the past 48 hours. As bitcoin achieved a new 2019 high and recovered to July 2018 levels, analysts pointed toward $10,000 as the next likely target. The abrupt price movement of bitcoin from around $7,000 to more than $8,000 follows the caution of a relatively large number of technical analysts regarding the demonstration of oversold conditions by bitcoin’s technical indicators. The bitcoin price is up more than 14% against the U.S. dollar in the…

Dollar’s Brutal 100-Year Tailspin Guarantees a Spellbinding Bitcoin Rally

By CCN: The mighty US dollar appears to be one of the world’s safest currencies. This sense of security has blinded many from seeing that the greenback has lost tremendous value over the past 100 years, a fact that should send investors piling into a surging Bitcoin. US Dollar Trapped in Irreversible Century-Long Downtrend In the early 1900s, a dollar could get you a nice pair of patent leather shoes. The currency had so much value back then because there was only $7 billion in circulation. A hundred and twelve…

Bitcoin Price Will Triple to $20,000 by 2021: Investment Bank Canaccord

By CCN: Bitcoin is 2019’s best-performing asset thanks to the massive rise in the price of the cryptocurrency, and a growing chorus on Wall Street proclaims that BTC’s terrific momentum won’t be dying out anytime soon. Bitcoin price has breached the $6,000 mark and is on its way higher | Source: CoinMarketCap Canaccord Genuity, an investment banking and wealth management company based out of Vancouver, published a research note predicting that the price will gradually climb back to $20,000 by March 2021. “Bitcoin has started to form the spring 2019…