Bitcoin [BTC] Is About To Go Bullish And Yale’s Warren Buffet Is In The Game

2018-10-6 15:13

Friday was a good day for Bitcoin as the popular cryptocurrency registered a significant surge against the USD. In fact, Yale’s Warren Buffet also entered the crypto game, committing his investments in two serious firms venturing in the crypto business.

However, according to one Spencer Bogart, Bitcoin could be about to bottom out, meaning that the current price may very well be the lowest for the cryptocurrency. In such a case, that could mean that Bitcoin’s price could be headed for a major break out.  

Spencer works at Blockchain Capital as a partner. Blockchain Capital is a firm that invests in cryptocurrencies and other blockchain-related ventures.

To support his point, Spencer pointed out that Bitcoin has already lost about 70% of its peak price, so it’s pretty certain that the price is bottoming out. The rest of the market would be expected to follow suit.

On Friday, Bitcoin made a move against the USD, surging about 0.21% to get to the highs of $6,641. The next day, Bitcoin’s market opened at $6,590 and closed at $6,561, making it a good week as the price has been generally swinging about the $6,600 mark.

As a matter of fact, the week has seen some good developments in terms of new entrants in the investment business. TD Ameritrade invested in ErisX, an exchange platform that offers futures trading and spot trading services.

The venture is supported by Virtu Financial, a high-speed trading company. Billionaire Ric Edelman also invested in a crypto index fund called Bitwise Asset Management, and that’s before Yale’s Warren Buffet entered the game on Friday.

David Swensen’s business acumen has earned him the nickname “Yale’s Warren Buffet,” and he proved it again on Friday when he decided to throw his weight behind two cryptocurrency venture funds. That was the first time that David invested in such a venture, and that means one thing: something is up in the crypto world. Could Bitcoin be about to go bullish?

However, the chairman of the Treasury Committee, Nicky Morgan, has a rather skeptical view of the crypto world and Bitcoin in particular. In his opinion, he terms the cryptocurrency as more of a gamble than an investment, saying that the lack of enough regulation and the volatile nature of the market present many risks to investors. Funnily, Nicky compares the crypto world to the “wild west.”

The post Bitcoin [BTC] Is About To Go Bullish And Yale’s Warren Buffet Is In The Game appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0066552 (-100%)

bitcoin warren yale game buffet crypto btc

bitcoin warren → Результатов: 28


Фото:

Jack Dorsey Not Having It With Sen. Elizabeth Warren’s Negative Comment On Bitcoin

The debate on Bitcoin’s mining energy consumption doesn’t seem to be ending any time soon. Elizabeth Warren, the Massachusetts US senator has joined the conversation, saying that one of the easiest and least disruptive things “we can do” to fight the Climate Crisis is to crack down on “environmentally wasteful” decentralized cryptocurrencies like Bitcoin. She says cryptocurrencies […]

2021-6-13 00:31


Мультиязычный образовательный ресурс Reading Bitcoin

Во время конференции Scaling Bitcoin в Токио вице-президент компании Blockstream Уоррен Тогами представил образовательный ресурс Reading Bitcoin о биткоине. Work In Progress: Warren Togami @wtogami announcing https://t.

2018-10-7 16:31


Состоялся релиз образовательного ресурса Reading Bitcoin

Вице-президент компании Blockstream Уоррен Тогами представил образовательный ресурс о биткоине Reading Bitcoin на конференции Scaling Bitcoin в Токио. Work In Progress: Warren Togami @wtogami announcing https://t.

2018-10-7 09:55


Фото:

How Institutional Investors Might Be Accumulating Bitcoin (BTC)

Warren Buffet is also known as the Oracle of Omaha due to his time tested wisdom in the field of investing that has seen his firm of Berkshire Hathaway, fully own other companies such as  GEICO, Dairy Queen, BNSF Railway, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets.

2018-10-3 19:57


Фото:

Bitcoin Will Thrive When Naysayers Like Warren Buffett Will Be ‘Pile of Dust’

The opinions of billionaire Bitcoin naysayers Warren Buffett and Charlie Munger will be obsolete in 20 years as both will be “a pile of dust” and Bitcoin will endure. Generational Differences That was the conclusion drawn by research this week about the huge differences between the older and younger generation when it comes to the cryptocurrency.

2018-9-29 23:00


Фото:

‘Real Risk’: Blockstream Exec Warns Over Bitcoin Cash 51 Percent Attack

Bitcoin Cash (BCH) average hashrate over the past week has fallen below 8 percent of Bitcoin’s (BTC), while Blockstream compares the altcoin to a five-year-old Litecoin hard fork.   Feathercoin? Is That You? In comments on Twitter today, Blockstream VP solutions lead Warren Togami sounded the alarm over BCH — warning its low average hashrate placed investors at risk of double spend attacks from malicious parties.

2018-9-4 16:00


Australian Punter Makes $884 Million Bitcoin Bet Against Buffet

The cryptocurrency market is no stranger to big, bullish calls, but a new bet by an Australian punter puts Bitcoin price predictions such as Fundstrat’s Tom Lee’s $25,000 BTC to shame with a multi-million dollar bet that: the value of one Bitcoin will exceed the value of the unit-share price of Warren Buffet’s Berkshire Hathaway […] The post Australian Punter Makes $884 Million Bitcoin Bet Against Buffet appeared first on CryptoSlate.

2018-7-12 19:00