Bitcoin is a Bubble

Many have had their say over the past couple of weeks.  From Jamie Dimon (JP Morgan) slating Bitcoin and calling it a “FRAUD” to James Gorman, CEO of Morgan Stanley, recognizing that Bitcoin is “more than just a fad.”  Now Mike Novogratz, ex-hedge fund manager, formerly of the investment firm Fortress Investment Group says Bitcoin is the largest bubble we will see in our lifetimes.   An excerpt from Bloomberg article “A Crypto Fund King Says Bitcoin Will Be the Biggest Bubble Ever” “Remember, bubbles happen around things that fundamentally change…

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Another Bitcoin in the making?

Bitcoin, Bitcoin Cash and now Bitcoin Gold? Is this really happening? Interesting to note that a number of developers believe there will be more hard forks in the future which will create another “Bitcoin”.   Details are still a bit unclear, however, we are sure to hear more about this developing story.  Let’s keep our eyes on this.   Read in more detail here  Collect your FREE PDF – The Bitcoin Believers Business Manifesto Please leave your questions and comments below: What is EOT?  Learn more by clicking on the…

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The Great Bitcoin China Showdown

China has banned ICO’s and Bitcoin trading is next – Exchanges have been ordered to shut down their Chinese operations. This sudden development begs some questions:- Will Bitcoin mining be affected? Will compliant exchanges reopen with stricter rules and regulations? Is China developing a sovereign digital currency?   Bitcoin is proving to be resilient … once again.       Smartphones are coming to a blockchain near you, Futuretech on BitVault – Click here to listen     Collect your FREE PDF – The Bitcoin Believers Business Manifesto Please leave…

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Bitcoin News 6 September 2017 – Cryptocurrency Prices Bounce Back amidst ICO clamp down.

Bitcoin News today highlighting cryptocurrency price bounce back after a slump earlier this week due to the news that China has officially outlawed ICO’s. Most ICO’s are created on the Ethereum Network and other platforms – could the move in price for top cryptocurrencies be attributed to speculators and investors moving away from ICO’s? Exchanges have started the refund process.   Top 10 Crypto’s on coinmarketcap.com all showing gains in the past 24 hours.     Adding to the ICO discussion, the Hong Kong financial regulator, the Securities and Futures…

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Who is Buying Bitcoin?

The Bitcoin price and value continue to rise and this week has seen Bitcoin drive past the $5000 level, a new all time high. Interesting to note that Japan leads the current 24-hour ranking. #1 Japanese Yen – 54.54% #2 U.S. Dollar – 26.64% #3 Chinese Yuan – 8.23% #4 South Korean Won – 6.11% #5 Euro – 3.01%   In 2016, reporting showed that most of the trading was coming from China, however, since the People’s Bank of China imposed strict regulations on the crypto exchanges in the country, the percentage…

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Bitcoin and Altcoins: Blockfolio App Review – Thumbs Up!

What is Blockfolio? According to the website, Blockfolio is a Bitcoin and Altcoin Portfolio where they “offer a complete cryptocurrency management, with easy to use tools to keep track of all your cryptocurrency investments. Get detailed price and market information for individual currencies and your entire portfolio all in one place”   With features such as Charts and Price notifications in various currencies such as USD, CNY, EUR, GBP, AUD, CAD, SEK, BRL, and others, downloading the Blockfolion is a must!   Also, a great way to track a new…

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Bitcoin News 21 August 2017 – Japan Driving High Consumer Demand for Bitcoin

In the Bitcoin news today with the leading story that Japan’s top customer-to-customer (C2C) ticket exchange marketplace, Ticket Camp will be the first in the Japanese ticket industry to accept bitcoin.   The site has about 5 million users and processes approximately 5.8 billion yen per month – all of these users will now be exposed to Bitcoin thus creating more demand. In recent months, the Japanese Yen has dominated Bitcoin trading as more than 50% of Bitcoin has been traded in the currency. Bitcoin growth in the past two…

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Bitcoin News 18 August 2017 – Investors Globally Looking to Bitcoin

Bitcoin News Today and leading story for the day is the announcement that Fisco, a Japanese financial information company, announced that they have issued a Bitcoin bond. Since the Japanese made Bitcoin legal tenders in April 2017 much progress has been made in terms of adoption of the digital asset. A Bitcoin-backed bond would allow large institutions to store value and be more accepting of Bitcoin.   Digital Assets are getting closer to traditional investments. Just recently, it was reported that Bitcoin options, futures and an exchange-traded fund that track…

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Bitcoin News 8 August 2017 – Bitcoin Price Leaps $750 in One Week!

The Bitcoin News today shows Bitcoin gaining dominance in terms of cryptocurrency market cap as the price skyrockets to over $4400 showing gains of over $750 in the past week. Market cap now over $56 Billion in a $120 Billion market.     What is driving this price?   Let’s recap on what happened in the past week – On the 1st August, the long awaited Bitcoin upgrade took place without any reported hitches; Bitcoin prices hardly reacted to the birth of Bitcoin Cash created after a Miner Activated Hard…

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Bitcoin News 7 August 2017 – Bitcoin Price Soars beyond $3400

Bitcoin News today sees the Bitcoin price rise above $3400 in the wake of SegWit activation on 1 August 2017, and the subsequent birth of Bitcoin Cash. High traded volume supporting the soaring price as investors rush to own Bitcoin.     Some investors are paying an almost 75% premium just for exposure to Bitcoin and this relates to Grayscale Bitcoin Trust, the only exchange traded Bitcoin product on the market today.   The SEC is changing guard as the existing top official in charge of approving new financial products…

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