Mainstream

Bitcoin will likely reach $60K in 2021, says Investing.com analyst

Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com. Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first half of 2021. According to Cohen, Bitcoin’s growth in 2021 will be …

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Financial analyst agrees Bitcoin could be ‘rat poison,’ but not in the way you think

Famous investor and Berkshire Hathaway CEO Warren Buffet called Bitcoin “probably rat poison squared” back in 2018. In his 2020 fourth-quarter market letter, financial analyst Bill Miller agreed with Buffett’s description of the asset — but not without his own addendum. “Warren Buffett famously called bitcoin ‘rat poison,’” Miller said in his Saturday letter, adding: “He may …

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Bitcoin’s limited supply doesn’t really matter to one markets commentator

Bitcoin (BTC) has won over a number of mainstream financial gurus in 2020 against the backdrop of a difficult year for the United States economy. Some markets experts, such as Dennis Gartman, however, still remain skeptical of the digital asset.  Gold and Bitcoin are not really equivalent, according to Gartman’s Tuesday interview with Bloomberg. “Gold …

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CB Insights’ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds

Research firm CB Insights and Blockdata, the data company acquired by CB Insights in September of this year, have unveiled their first-ever annual “Blockchain 50” list, which consists of 50 private companies applying or analyzing blockchain technology to solve business- or consumer-related problems across various industries. Jonathan Knegtel, CEO and co-founder of Blockdata, told Cointelegraph …

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‘Shameless’ season premiere name drops Bitcoin and other crypto

A number of TV shows have mentioned Bitcoin (BTC) or other cryptocurrencies over the years, including Big Bang Theory in 2017 and The Simpsons in 2020. One of the latest crypto mentions occurred during the premiere of the 11th season of Shameless, in an episode called “This is Chicago.”  “It’s my crypto,” character Dash said, …

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Another mainstream company is seeking approval to invest in crypto

Investment firm SkyBridge, founded by former Goldman Sachs’ vice-president Anthony Scaramucci, is one of the latest companies looking to invest in cryptocurrency. The company is putting together a hedge fund that includes Bitcoin investment, according to a United States Securities and Exchange Commission, or SEC, filing from Friday. The prospectus detailed: “The Company may seek …

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Recap of Cointelegraph panel: Brokers and banks in crypto

This past summer, a Switzerland-based blockchain investment company called CV VC, and a Swiss audit and advisory firm known as PwC, in collaboration with Cointelegraph, put together an in-depth report on the top blockchain companies and what they are up to in their distinct sectors. The report lists eight separate categories. Cointelegraph hosted a previous …

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Amazon CEO Bezos Now Has More Money Than Bitcoin’s Market Cap

Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto’s largest asset — Bitcoin (BTC).  “Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 …

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Barstool Sports Founder Holds to 2017 Stance on Bitcoin

Barstool Sports’ millionaire founder, Dave Portnoy, recently re-tweeted his 2017 video on Bitcoin, saying his view on the asset has not changed.  “For everybody trying to get me in the Bitcoin game, I made this video in 2017,” Portnoy said in a June 19, 2020 tweet. “I still feel this way.” Portnoy’s 2017 sentiment Active …

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CME Traders Prefer Cash-Settled Bitcoin Products

Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC).  “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told Cointelegraph in an email when asked why the CME chose …

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