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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
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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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A luxury car retailer based in Houston, Texas, has become the first Bentley, Bugatti and Rolls-Royce (but not Lamborghini) dealership in the United States to adopt cryptocurrency as means of payment. Post Oak Motor Cars, which is owned by Houston Rockets billionaire, Tilman Fertitta, will now accept bitcoin and bitcoin cash thereby breaking new ground
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Coming off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions and digital assets.
Also read: Coinbase Flexes Muscle, Creates Political Action Committee
Billionaire investor Marc Lasry predicts that Bitcoin could go as high as $ 40,000 in a few years. Lasry believes rising adoption will make the top-ranked cryptocurrency easier to trade thus causing the price to skyrocket.
According to Lasry, Bitcoin is poised to see an increase in utility in the coming years and more people warm up to the emerging asset class. Speaking to CNBC, the Avenue Capital Group chief said:
As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet.
UK media has reported that 34-year-old Ben Delo, the co-founder of Bitmex, has become the youngest British self-made billionaire.
Also Read: Japanese Regulator Responds to Reports of Overhauling Crypto Regulation
According to The Sunday Times, Ben Delo’s college yearbook describes him as having been voted the student most like to become a millionaire, and the student second most likely to end up in prison. UK media is now heralding the Bitmex co-founder as the first Briton to become a billionaire through cryptocurrency, and the youngest British self-made billionaire at just 34.
Soon, wealthy tourists looking to live large in the Caribbean will be able to reserve rooms at controversial billionaire Calvin Ayre’s resort in Antigua — if you’ve got the Bitcoin Cash.
The billionaire founder of the Ayre Group and the Bodog entertainment brand, Calvin Ayre, is reportedly building a $ 100 million five-star resort on Antigua’s Valley Church beach — funded entirely by profits made from investments in digital currencies.
The prime minister of Antigua and Barbuda, Gaston Browne, is excited by the news, as the islands have long been supportive of cryptocurrency. Browne says of the project:
