“It’s just a way of kind of foundationally looking at how do I protect my wealth over time it’s a great diversifier,” Tudor Jones added. This content was originally published here.
Mexican billionaire Ricardo Salinas Pliego endorsed the use of Bitcoin and said his bank is on the way to accepting the cryptocurrency. This content was originally published here.
Billionaire venture capitalist and bitcoin investor Tim Draper is sticking by his prediction that bitcoin will reach $250,000 by the end of 2022 or early 2023 despite the cryptocurrency’s wild swings in value and the turmoil around its environmentally unfriendly energy usage. “I think I’m going to be right on this one,” Draper tells CNBC Make It. Draper first made the bold price prediction back in 2018, at which time bitcoin was trading around $8,000, according to Coinbase. “I’m either going to be really right or really wrong [but] I’m pretty sure that it’s going in that direction,” Draper says. […]
Asset Manager Sees Bitcoin Price Bottoming out — Says Market Is Mispricing BTC Fund manager Brian Kelly says that the market is mispricing bitcoin and “when bitcoin gets that mispriced it is the sign of the bottom.” He sees a string of “all positive things” that are reflected in the pricing of the cryptocurrency. Asset Manager Brian Kelly Says Market Is Mispricing Bitcoin Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, was asked about where he sees the price of bitcoin heading in an interview with CNBC on Tuesday. Kelly manages the BKCM Digital Asset […]
The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink much lower than today’s current values. CNBC’s ‘Chartmaster’ Carter Worth Envisions Bitcoin Hitting a $29K Low The other day, Bitcoin.com News reported on Plan B’s stock-to-flow bitcoin () price model and how the model’s creator is still positive about the bull run moving forward. A number of other crypto proponents […]
Bitcoin prices on Sunday afternoon were in free fall anew, with the world’s No.1 crypto spiraling down more than 50% from a peak in around the middle of April, amid another bout of turbulence in the digital-asset sector. At last check, bitcoin prices BTCUSD, +11.92% were changing hands at $32,632 down 12% on the day, after hitting a 24-hour low of $31,179, which halved bitcoin from a mid-April peak at $64,829.14. Ether on the Ethereum blockchain ETHUSD, +16.93%, meanwhile, was seeing an even more severe slump, down at one point 18% at $1,922 on the session and down by nearly […]
Michael Binger of Gradient Investments and Gina Sanchez of Chantico Global and Lido Advisors check in on the crypto space with CNBC’s Seema Mody. This content was originally published here.
Goldman Sachs’s efforts to help hedge funds and other big institutional clients wager on bitcoin have taken a step forward. The bank has begun trading bitcoin futures with Galaxy Digital, the crypto investment firm founded by Mike Novogratz, CNBC has exclusively learned. The trades represent the first time that Goldman has used a digital assets firm as a counterparty since the investment bank set up its cryptocurrency desk last month, according to Damien Vanderwilt, co-president of Galaxy and head of its global markets division. The moves by Goldman, the preeminent global investment bank, may reverberate on Wall Street and beyond […]
Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending bitcoin BTCUSD, -9.32% prices down severely a little after 6 p.m. Eastern, when Musk issued the statement via Twitter. Energy consumption related to digital mining of bitcoin has become a hot-button topic in digital-asset circles because of the environmental concerns it raises. Recent research has […]
Tether to Launch USDT Natively on Avalanche The blockchain company Tether has announced it will make available its stablecoin token as a native asset in Avalanche, a smart contract platform that has picked steam in the last year. Avalanche has a growing decentralized finance (defi) ecosystem, so this launch will most likely improve its state, providing users an official and safe way of parking and staking their assets on Avalanche. Tether to Launch on Avalanche Tether, the company behind the issuance of USDT, one of the most popular stablecoin tokens in the cryptocurrency market, has announced it is in the […]