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Billionaire Hedge Fund Legend: Bitcoin Price Will Reach $40,000 in 2018

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Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Billionaire hedge fund legend and former Fortress executive Mike Novogratz believes the bitcoin price will “easily reach” $40,000 by 2018. On CNBC’s Fast Money, Novogratz expressed his optimism towards both bitcoin and Ethereum in the mid-term. Novogratz, who has predicted the price of bitcoin to achieve the $10,000 mark before the end of 2017, stated that bitcoin price will quadruple by the end of 2018, and the price of Ether, the native cryptocurrency of Ethereum, will triple in value. “Bitcoin could be at $40,000 at the end of 2018. It easily could. Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well,”  said  Novogratz. Why is Novogratz So Confident? Earlier this year, Novogratz officially retired from the traditional finance industry to solely focus on cryptocurrency investments. Over the past few month...

Ripple Becomes First Cryptocurrency After Bitcoin to Surpass $100 Billion

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Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Ripple has achieved a historic milestone on January 3, becoming the first cryptocurrency after bitcoin to be valued at $100 billion. At press time, the total valuation of Ripple is $121 billion. Up by $19 Billion in 24 Hours Over the past 24 hours, the price of XRP, Ripple’s native token, has increased by more than 24 percent, to over $3. The market valuation of Ripple increased from below $95 billion to $116 billion, further distancing itself from the third most valuable cryptocurrency in the global market, Ethereum. As usual, the daily trading volume of XRP is heavily concentrated in the South Korean market. Korbit and Bithumb are processing 40 percent of global Ripple trades, accounting for more than $2.2 billion of Ripple’s daily trading volume. On Bithumb, the second largest cryptocurrency trading platform in the world based in Seoul, South Korea, Ripple r...

How Bitcoin Could Crash Financial Markets

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(DreamsTime) By  Patrick Watson   Wednesday, 27 Dec 2017 01:12 PM Current  |  Bio  |  Archive Short URL | Email Article | Comment | Contact | Print |      A     A 0 in Share Bitcoin mania is starting to look like a religion. I say that because both bitcoin and religion involve faith in the unknowable. Some bitcoin investors believe the cryptocurrency,  along with the underlying blockchain technology , will be a vital part of a new, decentralized, post-government society. I can’t prove that  won’t  happen—nor can bitcoin evangelists prove it will. Like life after death, they can only say it’s out there beyond the horizon. If you believe in bitcoin paradise, fine. It’s your business… until your faith puts everyone else at risk. As of this month, bitcoin is doing it. Lenders & Leverage Is bitcoin in a price ...

Bitcoin, Marijuana Stock Crazes Take Root in Canada's Wild West

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(DreamsTime) Friday, 22 Dec 2017 07:24 AM Short URL | Email Article | Comment | Contact | Print |      A     A 0 in Share When Hive Blockchain Technologies Ltd. was looking to tap into the cryptocurrency fervor by going public, Canada’s junior stock exchange was the obvious choice. The bar for listing was low. Retail investors, used to the rise and fall of penny stocks, were eager for the next hot thing. To help ensure a spectacular debut, Hive paid online promoters more than $750,000 plus options to sing the stock’s praises. “Our top stock suggestion for the history books!" gushed Daniel Ameduri, president of Future Money Trends LLC, which was paid to recommend Hive. “Quarterly filings from Hive could end up being big events, much like when Apple discloses its quarterly iPhone sales." It all worked like a charm. Vancouver-based Hive, a cryptocurrency miner ba...