Bogart: Bitcoin Stagnating, but Should Inflate Soon

2018-7-27 23:03

Blockchain Capital partner Spencer Bogart compared Bitcoin (BTC) to a “tinderbox” July 26, telling CNBC prices could grow further due to multiple “catalysts.” Speaking to CNBC’s Fast Money, Bogart, who is regular commentator on the network and on cryptocurrency social media, adopted a notably bullish tone compared to just weeks ago when Bitcoin was trading around $6,000.
At press time Thursday, BTC/USD traded around $8,233 according to Cointelegraph’s price index.
Like many commentators, Bogart highlighted potential regulatory approval of a Bitcoin exchange-traded fund (ETF), geopolitical and macroeconomic “tensions” and continued interest in blockchain integration for payments from big business such as MasterCard in July.
Despite consensus building that the ETF approval will have to wait until September or even longer, Bogart said the status quo could not continue infinitely.
“The cat’s out of the bag,” he continued to CNBC reporters, “[i]nnovation is going elsewhere if the SEC [U.S. Securities and Exchange Commission] doesn’t get on board soon.”

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Prominent Investor: Bitcoin is Headed Towards New All-Time High, Bullish Momentum

As the price of bitcoin surpassed the $8,000 region, analysts and experts in the cryptocurrency sector have become more positive regarding the mid-term trend of major digital assets. Spencer Bogart: The Bitcoin Low Might Already Be In It was recently revealed that Mastercard had secured a patent for linking fiat bank accounts and cryptocurrencies.

2018-7-26 17:27


Fence Finance Sell-Offs ‘Could’ Misleadingly Low Bitcoin Costs, 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. I think that could

2018-6-26 20:58


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