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Tag Archives: Predicts

RBA Official Predicts Bitcoin Will Struggle in Australia

A senior official at the Reserve Bank of Australia (RBA) has speculated that Bitcoin is unlikely to succeed in Australia because they already have a successful currency. The official compared the volatility of cryptocurrencies to stable fiat alternatives and cast doubt on Bitcoin as a store of value. Bitcoin Is Too Volatile RBA head of payments policy, Dr Tony Richards, ...

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Hedge Fund Sell-Offs ‘Could’ Artificially Lower Bitcoin Prices, Predicts Blockchain VC

Blockchain venture capitalist Spencer Bogart forecast “artificial” Bitcoin price suppression June 25 as hedge funds near the end of their lock-up period. Speaking to CNBC, Bogart, who earlier this week claimed Bitcoin would be above $10,000 by the end of the year, warned over “forced selling” which would drive markets lower. “If we go back to the summer of 2017, ...

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Cardano Co-founder Predicts Wall Street’s Entry into Crypto Sector will Bring Trillions

Charles Hoskinson, co-founder of Cardano and former CEO and co-founder of Ethereum, wrote on Twitter that Wall Street will bring “tens of trillions of dollars” into crypto world in the future. His statement came after all of the cryptocurrencies declined and the cryptocurrency market cap lost $13 billion. What’s often missed by the cryptocurrency is going to die broken record media ...

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Analyst Predicts Bitcoin Price Rebound Above $10,000 by 2019

Todd Gordon, founder of TradingAnalysis.com predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22. Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be the main reason. When asked to explain his estimates, Gordon cited ...

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Chairman of Korean Gaming Giant Predicts Use of Blockchain in ‘All Industries’ in Future

The chairman of Netmarble, one of the largest South Korean gaming companies, believes that blockchain technology will soon be applied across all industries, local news outlet EDaily reports June 20. Netmarble reported revenue of 1.5 trillion won (about $1.35 billion) in 2016, with a market cap of 12.86 trillion won (about $11.59 billion) today. During the 9th Annual Strategy Forum ...

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Bitcoin Bull Tom Lee Refutes Bearish Sentiment, Predicts Further Gains

Tom Lee is back, with another round of Bitcoin bullishness on-air CNBC’s ‘Fast Money’ segment. PermaBull Tom Lee Appears on CNBC Fast Money On Monday, Tom Lee, long known as a cryptocurrency bull in the space, went on CNBC to dispel bearish sentiment against Bitcoin’s viability and more importantly, its price.  ‘Fast Money’ host, Melissa Lee, pointed out that bears held ...

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Regulatory Uncertainty Pushes Bitcoin Below $8,000, Tom Lee Predicts a $25,000 Return

Bitcoin’s two-week sell off continued today, seeing the coin fall to below $8,000 — $7,500 at the time of writing — and hitting levels not seen since mid-April. Regulatory Moves Impact Bitcoin’s Price And it’s not just Bitcoin, many other top cryptocurrencies were also in the red today despite bullish calls that coin prices would soar following major blockchain events in New ...

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Federal Reserve President Predicts Complete Crash

The cryptocurrency market hasn’t gained momentum despite several underlying developments in the last two months. Bitcoin and the rest of the virtual currencies lost the majority of gains that they achieved at the beginning of the month, pulling out almost $90 billion from the total cryptocurrency market capitalization in the last two weeks. Although the New York consensus conference couldn’t help ...

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