By CCN Markets: Circle CEO Jeremy Allaire has made a bold prediction. He believes that the price of bitcoin will surpass $ 10,000 by June 21, marking the beginning of what he’s dubbed “crypto summer.” He points to Facebook’s Libra launch as the catalyst for the bullish outlook. His prediction doesn’t seem far-fetched considering the price of bitcoin is marching toward $ 9,000. Facebook’s Libra to Boost Bitcoin Price Allaire believes that the launch of Facebook’s cryptocurrency, Libra, will prove to be a catalyst for the bitcoin price as it could bolster adoption. The bitcoin bull’s thesis seems justified as Facebook reportedly
After a 3-year hiatus, Cameron and Tyler Winklevoss, the founders of Gemini Trust, a New York-based digital currency exchange and custodian, took to Reddit to field questions in an official “Ask Me Anything” (AMA). It's been 3 years since my last #RedditAMA w/ @tylerwinklevoss! Come join us in 10 minutes (at 1pm ET) and ask us anything! […]
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
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Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($ 216B) has gained roughly $ 20B. The action yesterday was more bullish as most of the top digital assets were up between 6-20 percent but have since lost some of those gains during this weekend’s trading sessions.