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Kohlberg Kravis Roberts (KKR) Co-Founder Henry Kravis has decided to try his luck with cryptocurrencies. He follows in the steps of other finance hotshots such as Alan Howard, Louis Bacon, and Peter Thiel, who have all got involved in crypto. Joining the Ranks of Investor Legends Last year, CCN reported that Howard – co-founder of […]
The post Billionaire Wall Street Titan Henry Kravis Places First-Ever Crypto Bet appeared first on CCN Markets
On June 27, billionaire investor and Galaxy Digital CEO Mike Novogratz said in an interview with CNBC that he wished he had sold more when the bitcoin price achieved a new 2019 high at $ 13,800. After reaching its yearly high, the bitcoin price dropped by around 30 percent against the U.S. dollar, experiencing an expected […]
The post Bullish Billionaire Investor Regrets Not Selling Bitcoin at $ 13,800 appeared first on CCN Markets
SpaceX founder Elon Musk loves to talk about going to space. Fellow starstruck billionaire Sir Richard Branson plans to actually travel there. Next month. He’ll ride aboard one of his own Virgin Galactic rocket ships. The Daily Beast reports Branson’s virgin space flight will coincide with the 50th anniversary of the Apollo 11 Moon landing. […]
The post Billionaire Richard Branson Puts His Money Where Elon Musk's Mouth Is appeared first on CCN Markets
By CCN Markets: CNBC’s Thursday morning got off to a hilarious start thanks to an interview with billionaire Leon Cooperman. The hedge fund investor said the stock market is “in a zone of fair value.” Just How Overvalued Is the Stock Market? It isn’t a good idea to criticize a guy who has far more money than most people, but there’s a degree of insanity associated with a claim that the stock market is anywhere close to being valued properly. On virtually every metric, the stock market is impossibly valued. The most glaring metric is the Shiller P/E Ratio. This
With bitcoin’s recent surge to a five-month high, Zhao Dong, a bitcoin billionaire and one of China’s biggest over-the-counter (OTC) traders, recently claimed on Weibo that the sudden jump in bitcoin price does not mark the end of the bear market and that the original cryptocurrency will continue trading in a range likely between $ 4,000 and $ 6,000 for a few more months.
Bitcoin, the largest cryptocurrency by market capitalization, soared 20 percent to break $ 5,000 for the first time since November on April 2, 2019. The rise also marked its best one-day gain since April 2018. Bitcoin is trading at $ 5,252 as of press time, up 1.77 percent over the past 24 hours, according to data from CoinMarketCap.
By CCN.com: Mike Novogratz, a billionaire venture capital and avid cryptocurrency investor, is reportedly raising $ 250 million to support crypto businesses. According to a Business Insider exclusive report, sources close to the company have revealed that Galaxy Digital is in the process of securing $ 250 million to establish a credit fund to finance crypto funds
The post Billionaire Mike Novogratz Raising $ 250M Should Reassure Crypto Investors, Even in the Bear Market appeared first on CCN
The live stream of Jamie Dimon’s address (watch below) at the NY Economic Club opens with the billionaire CEO of JP Morgan Chase pointing out a dearth of activity from American small business entrepreneurs over the last ten years since the Wall Street financial crisis: “Small business formation is lower than it’s ever been in
The post Tell Billionaire CEO Jamie Dimon He’s The Reason Why America’s Small Businesses Are Dying appeared first on CCN
Back in September, biotech billionaire Phillip Frost and eight other individuals were charged by the SEC for a penny stock scheme deemed fraudulent. Frost was not at the core of the scheme, which involved buying up penny stocks and effectively pumping their value only to dump them at massive profits. Overall, before they were caught,
The post Biotech Billionaire Settles with SEC over Crypto-Related Penny Stock Scam appeared first on CCN
Mike Novogratz, Jim Breyer, and Tim Draper are some of many billionaire investors in the traditional financial market who remain optimistic towards the long-term trend of crypto. How are these investors able to maintain their positive stance in regards to the growth of the cryptocurrency sector following an 85 percent decline in valuation across the
The post Why Billionaire Investors Still Remain Positive on Long-Term Trend of Crypto appeared first on CCN
Billionaire investor and venture capitalist Jim Breyer stated that despite a prolonged crypto “nuclear winter,” he still believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements. Speaking at the 2018 Fortune Global Tech Forum in Guangzhou, China, Breyer noted that while these are
The post Bitcoin ‘Nuclear Winter’ Doesn’t Scare Billionaire Crypto Bull Jim Breyer appeared first on CCN
Tech billionaire Tim Draper is unfazed by the recent bitcoin crash, and insists that the global economy will soon transition to crypto. In fact, Draper boldly predicts that crypto will eventually overtake fiat money to make up two-thirds of the world’s total currency value. The Silicon Valley venture capitalist said the shift will be inevitable
The post Billionaire Tim Draper Unfazed By Bitcoin Crash, Boldly Vows Crypto Will Surpass Fiat Money appeared first on CCN
Billionaire Eric Schmidt, the former chairman of Google, is a budding bitcoin and blockchain enthusiast who said ethereum could be a “powerful platform” whose untapped potential is off-the-charts. Schmidt made the remarks during a live event with economist Tyler Cowen hosted by Village Global in San Francisco. In the wide-ranging conversation, Schmidt discussed the future of … Continued
The post Ethereum Has Major Potential: Billionaire Ex-Google CEO Eric Schmidt appeared first on CCN
Power Ledger, a blockchain startup based in Australia, won business magnate Sir Richard Branson’s Extreme Tech Challenge (XTC) 2018, as reported by Australian news channel Nine News. The challenge, whose previous finalists include Doctor on Demand and Vantage Robotics, aims to provide entrepreneurs with the right tools to help them build their tech products. Power Ledger received endorsements
The post Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge appeared first on CCN
Li Xiaolai, the billionaire founder of cryptocurrency venture capital firm BitFund, has reportedly left the industry as the regulatory pressure in China intensifies. In a recent post on Chinese microblogging website Weibo, Xiaolai declared that he is done investing in the cryptocurrency industry. “From this day on, I, Li Xiaolai, will personally not invest in […]
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Li Xiaolai, the founder of Beijing-based venture capital firm BitFund and a widely recognized billionaire Bitcoin investor in China, has publicly stated that he will personally move away from the blockchain and initial coin offering (ICO) space. He said on China’s largest social media platform Weibo: “From this day on, Li Xiaolai personally will not
The post Chinese Billionaire Bitcoin Investor ‘Done’ Investing in Blockchain Projects appeared first on CCN
Chinese billionaire and co-CEO of technology company Ideanomics Bruno Wu believes the blockchain could be the solution that helps African countries trade their minerals and natural resources efficiently and profitably. Wu made the comment while speaking to entrepreneurs and investors at the Africa House Collective event, held in New York recently. Wu’s company Ideanomics, formerly
The post Blockchain Could Help Africa’s Commodity Market, Claims Chinese Billionaire appeared first on CCN
Billionaire Mike Novogratz of Galaxy Investment Partners believes Bitcoin (BTC) will have a 30% rally by December 2018, which means the current price of $ 6,700 would jump to $ 8,700 if he’s correct. The backer of EOS (EOS) and former Wall Street hedge fund manager made the prediction on Friday in a CNBC “Fast Money” interview.
Novogratz said that cryptocurrencies have bottomed in prices and that most of the selling have concluded. That means valuations have nowhere to go but up.
Continue reading Bitcoin To Jump 30% Says Billionaire Mike Novogratz at Crypto Daily™.
Tech billionaire Tim Draper stands by his bitcoin price target of $ 250,000 for 2022. Despite the recent slump, Draper remains undeterred in his enthusiastic outlook for the largest virtual currency by market cap. “This is going to be so big, so if you see a dip [in prices], jump in,” Draper told TheStreet at the
The post Billionaire Tim Draper Stands By Bullish $ 250,000 Bitcoin Price Target For 2022 appeared first on CCN
In a recent interview with The Street, venture capital investor Tim Draper again defended his prediction regarding the price of Bitcoin (BTC) reaching $ 250,00 by 2022. Despite the ongoing bear market, Draper maintains his opinion that cryptocurrencies will contribute to increasing the velocity of money within the next ten years. Draper anticipates a decrease in […]
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Billionaire investor and prominent Bitcoin bull Tim Draper believes that the total cryptocurrency market capitalization will reach $ 80 trillion in the next 15 years. While speaking at the DEALSTREETASIA PE-VC Summit 2018 in Singapore, Draper stated his belief that the latest downturn in cryptocurrency prices is related to people simply not being accustomed to the new digital […]
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