How Bitcoin Price Could Reach $60,000 in the Mid-Term

Tai Lopez, a prominent investor and analyst, has stated that if the world’s millionaires allocate merely 1 percent of their holdings into bitcoin, the bitcoin price could reach $60,000 in the mid-term. According to a Forbes report, there are nearly 15 million millionaires globally, with more than 5 million located in the US and Canada. Possibility of $60,000 Previously, CCN reported that billionaire investor and hedge fund legend Mike Novogratz has predicted the price of bitcoin to easily surpass the $40,000 mark by the end of 2018, in the short-term.…

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Bitcoin Price Gear Towards $19,000, Surges by $1,000 in a Single Day

The bitcoin price has increased by more than $1,000 over the past 24 hours and is en route to surpassing the $19,000 mark. Bitcoin Second Most Popular Keyword on Google in 2017 Google, the world’s most widely utilized search engine, has revealed that bitcoin has been the second most popular keyword on its platform throughout 2017. As the demand for bitcoin from both casual investors and retail traders increased over the past 12 months, the popularity of bitcoin on search engines and social media platforms surged proportionally. While the recent…

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Japan and South Korea Regulations Good For Bitcoin

On CNBC’s Squawk Box, Litecoin creator and former Coinbase executive Charlie Lee discussed the future of bitcoin, Litecoin, and the cryptocurrency market in the long-term. Strict Regulations Beneficial For Cryptocurrency Market During the interview, Lee offered his viewpoint on a wide array of cryptocurrency-related topics including the short-term price trend of Litecoin, current regulatory frameworks for the cryptocurrency market in Japan and South Korea, and the usage of bitcoin and Litecoin as actual currencies. Over the past month, as CCN reported, the South Korean government has been planning to impose…

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At $300 Billion, Bitcoin Is Now the World’s 15th Most Valuable Liquid Currency

Bitcoin’s market cap crossed $300 billion on Friday ahead of the launch of futures contracts on U.S. derivatives exchange CME. As a result of this rally, bitcoin is now the world’s 15th most valuable liquid currency, as measured by the M1 narrow money supply. Bitcoin Price Hits New All-Time High on Bitfinex Bitcoin achieved this historic milestone on Friday morning, following a rally that raised the bitcoin price to a new all-time high of $18,111 on cryptocurrency exchange Bitfinex. This represented a single-day increase of nearly $2,000. Source: BitcoinWisdom The…

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Cryptocurrencies Become More Valuable Than Facebook

The bitcoin price rallied past $18,000 on Friday as traders rolled their altcoins profits back into the flagship cryptocurrency. Many top-tier coins, including ethereum, experienced price declines, causing them to lose part of the market share that they had fought to recoup during bitcoin’s mid-week slump. Source: CoinMarketCap But although the markets were mixed, strong performances from bitcoin, ripple, and one other top-tier altcoin lifted the cryptocurrency market cap by $19 billion, raising it to a new height of $530 billion. Source: CoinMarketCap Though not a milestone in and of…

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‘Mrs. Watanabe’ Driving Bitcoin Price Higher: Deutsche Bank

Mainstream financiers like BlackRock CEO Larry Fink may claim that bitcoin is an “index of money laundering,” but a new report from Deutsche Bank AG says that this year’s bitcoin price surge is not the product of criminal activity, it’s Mrs. Watanabe. As reported by Bloomberg, the Japanese branch of the German banking giant issued a note to clients attributing the bitcoin price’s dramatic fourth-quarter rally to ‘Mrs. Watanabe,” a term colloquially used to refer the archetypical Japanese retail investor: a housewife who manages her family’s finances with a shrewd…

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Bitcoin Price Posts Slight Decline But Altcoin Markets Set New Records

The bitcoin price posted a minor pullback on Thursday, continuing a weeklong trend that has seen the most prominent cryptocurrency ease its foot off the gas after a meteoric early-month climb. Altcoins, meanwhile, continued to take advantage of bitcoin’s relative stagnancy to set new all-time highs, and, importantly, reclaim market share. Source: CoinMarketCap Despite bitcoin’s minor decline, the total cryptocurrency market cap managed to rise to yet another all-time high, peaking at $514 billion on Thursday morning. This constituted a single-day increase of approximately one percent. Source: CoinMarketCap Bitcoin Price…

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Ethereum, Ripple Prices Push Crypto MarketCap to Historic Milestone

Cryptocurrencies achieved another historic milestone this week, as their combined market caps leaped above the $500 billion mark on the heels of an altcoin rally led by the ethereum and ripple prices. Cryptocurrencies Now Worth Half a Trillion Dollars The cryptocurrency market cap had begun the day at $467 billion, and it seemed unlikely that it would reach the $500 billion mark this quickly — especially considering that bitcoin ended the day trading sideways. However, fueled by an altcoin surge, the crypto market cap leaped above the $500 billion barrier…

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South Korean Government Holds Emergency Meeting to Discuss Bitcoin

The South Korean government held an emergency meeting to evaluate the state of the local cryptocurrency exchange market and trading of digital currencies. A South Korean central bank official stated that the government plans to introduce various regulatory measures on Friday, December 13, with urgency given the recent rise in demand for bitcoin and other cryptocurrencies from the traditional finance sector. Immediately after the announcement from the South Korean central bank official, the stocks of cryptocurrency exchange holding companies reportedly slumped, in the range of 4 to 8 percent. Regulations…

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