By CCN Markets: Rallying supporters to “Keep America Great,” Donald Trump raised the stakes of the 2020 election in a tweet. The president said if he’s not reelected, “there will be a market crash the likes of which has not been seen before!” If true, based on percentages, that means the stock market would lose 25% of its value after election day. The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which
By CCN Markets: On May 21, a pseudonymous cryptocurrency technical analyst named “Rampage” posted on Twitter that ETH/BTC is about ready to catch up to ETH/USD. In a tweet, the attached an image in which the price action of two markets is overlaid in a single chart. The analyst predicts that Ethereum will move higher against bitcoin and follow the price action of its USD counterpart: Looks like it's time for $ ETH| $ BTC to catch up to $ ETH| $ USD pic.twitter.com/3KDafuWYCG — 𝓡𝓪𝓶𝓹𝓪𝓰𝓮 🦍 (@Thrillmex) May 21, 2019 We’re covering this particular tweet because of a compelling technical analysis on why
Justin Sun, the CEO of the TRON Foundation, recently took to Twitter to deliver some predictably bullish — although, less so than usual — price predictions for both TRON (TRX) and BitTorrent Token (BTT), which launched on TRON earlier this year. In his tweet, Sun predicts that TRON will make its way back to the […]
CNBC has long been controversial in the financial news industry. As the leading financial TV media outlet, CNBC often relies on experts who leverage short-term price action to try and predict long-term movements. The phenomenon, which leads to vomiting camel patterns and other shenanigans, has only been amplified by the cryptocurrency market. To highlight the […]
A new report by the software firm DataLight predicted that Bitcoin could become the world’s top payment system within the next decade if it maintains its current growth rate.
“In just 10 years, Bitcoin has managed to compete with the leaders of the payment system industry,” the report found. “Bitcoin’s development is occurring exponentially. If it maintains this pace, in another 10 years, it will surpass all competition.”
For so long, global payments have been championed by platforms like Visa, Mastercard and PayPal, who offer seamless, if flawed, payment options for individuals and companies.
Brendan Blumer, the CEO and co-founder of Block.One, the company behind EOS (EOS), believes that Bitcoin (BTC) is set to replace gold as the standard store of value over the next two decades, according to a recent tweet. Over the next two decades, #Bitcoin will replace #gold as the leading commodity to store value — […]
Dan Morehead, the chief executive officer of Pantera Capital, recently discussed the cryptocurrency bear trend on an episode of the Unconfirmed podcast. Morehead argued that the crypto sector has much more robust fundamentals than it did during the previous bear trend, asserting that the industry has developed the infrastructure necessary in order to attract institutional investors. The company has also raised $ 130 million for a third venture fund.
Blackstone’s new chief strategist, Joseph Zidle, says the government shutdown won’t have a lasting effect on the US stock market and predicts that the S&P 500 is heading for a 15% rally. Zidle Not Concerned about Government Shutdown Zidle recently succeeded the legendary strategist Byron Wien at Blackstone. Speaking this week on CNBC’s “Fast Money,”
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U.S. stocks pared losses Monday morning after President Donald Trump predicted the United States would soon reach a comprehensive trade deal with China. Stocks Bounce Off Lows The Dow Jones Industrial Average fell by as much as 230 points Monday morning, an extension of a volatile pre-market session for Dow futures. At the time of
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Wall Street strategist Tom Lee, believes the massive sell-off in equities recorded in the U.S. financial markets within the fourth quarter of 2018 is nothing more than a “mid-life” crisis laying the groundwork for even larger gains in the financial market. Speaking in an interview with CNBC’s Fast Money: Half Time Report, Lee noted that … Continued
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The bitcoin price will crater below $ 3,000 amid a mass sell-off. That’s what futures trader Anthony Grisanti predicts about the ongoing Crypto Winter. “I’m looking for a move down to $ 3,000, which would represent a real weakness in this market,” Grisanti told CNBC. “It could be the driver that gets people to bail out of this and
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The Asia-Pacific Head of Trading at foreign exchange brokerage Oanda has predicted that bitcoin price will fall as low as $ 2,500, claiming the behavior of the asset over the past few months has not demonstrated to investors that a bottom is in. Speaking on Bloomberg Markets: Asia, Stephen Innes stated that despite the pronouncements of “soothsayers”, the … Continued
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CNBC Futures Now trader Jim Iurio has predicted that bitcoin will trade above $ 6,800 based on market analysis that holds $ 6,000 as its critical support level. Speaking on the show alongside Anthony Grisanti, Iurio stated that market tacticals hold the key to accurately predicting the movement of bitcoin on any meaningful level. He made the
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Dubai Police currently investigating a Dh 300 million ($ 81.7 million) international fraud case have issued a warning about the potential role of digital assets in terms of facilitating crime in the UAE. Speaking at a forum on Sunday September 16, Major-General Khalil Ibrahim Al Mansouri, assistant-commander of criminal investigation department (CID) at the Dubai Police warned … Continued
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Bill Barhydt, the CEO of BTC payment company Abra, believes Bitcoin will receive ETF approval in 2019. While the SEC recently rejected no less than nine Bitcoin ETF applications by GraniteShares, Direxion and ProShares, Bill claims the sole reason these applications were rejected is because they failed to meet the existing expectations of the SEC.
“The people doing the applications don’t fit the mould of who they are used to approving,” explained Bill, a former Goldman Sachs employee.
In another one of his famous bitcoin predictions that gets widespread news coverage, billionaire investor Tim Draper is now predicting that the price of bitcoin, which today traded at around $ 8,100, will rocket to $ 250,000 in four years.
Draper, a founding partner in Draper Associates, made the prediction on April 12, 2018, at the Block (Chain) Party at Draper University in San Mateo, California. “I’m thinking $ 250,000 a bitcoin by 2022,” the investor said, standing in front of his self-named university and wearing a purple tie with gold bitcoins blazoned upon it. “Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!”
Bitcoin has come a long way since the time 10,000 coins were allegedly used to buy a pizza— and if you ask Bitcoin bull Cameron Winklevoss, the gold standard of cryptocurrency still has a long way to go.
‘It’s Actually a Buying Opportunity’
Today, one Bitcoin is worth just over $ 8,000 USD. But according to Cameron Winklevoss, investors can expect it to go up 40x “someday.”
Cameron made the bold prediction on Wednesday this week to CNBC at the Milken Institute’s MENA Summit while claiming Bitcoin is better than gold. He stated:
Two days before the first Bitcoin futures begin trading Sunday, the case for prices increasing – not decreasing – is looking “very strong”.
Time For ‘Aligning’ High Future Prices
This is according to a summary study of the potential impact of futures on the Bitcoin price by a data scientist writing as Blake C.
Despite Bitcoin shooting up in value this week far in advance of expectations, causing increasing unease, the watershed futures releases will likely only serve to stabilize such higher prices, he argues.