According to Morgan Creek Capital CEO Mark Yusko, amid the declining market for traditional assets, Bitcoin "could become a hedge against chaos."
According to Morgan Creek Capital CEO Mark Yusko, amid the declining market for traditional assets, Bitcoin "could become a hedge against chaos."
Nicholas Colas, co-founder of DataTrek Research, said that Bitcoin is an excellent indicator of global geopolitical and economic turmoil.
In an interview with CNBC, Colas noted that bitcoin was one of the few indicators that predicted protests in Hong Kong and the subsequent outflow of capital from the region. He also emphasized that Bitcoin has become a safe asset, just like gold.
Goldman Sachs Investment Bank sent a letter to its clients stating that in the short term, Bitcoin is expected to rise to $ 13,971.
The letter that was sent to the bank's customers said that in the short term Goldman Sachs expects to see the growth of the first cryptocurrency to $ 13,971. The name of the analyst who prepared this forecast is not indicated.
The operator of the most famous browser blockchain and online wallet, the company Blockchain, announced the launch of its own Cryptocurrency Exchange.
The exchange called The PIT is already running and user registration is open on it, but the trades are not yet open. This will happen within the next two weeks.
The company-operator of the cryptocurrency fund Grayscale conducted a research among American investors to find out their interest in cryptocurrencies.
"Bitcoin 2019 Investor Study" by Grayscale showed that from a pool of 1,100 American investors, more than a third (36%) of respondents consider investing in Bitcoin. If we assume that there are about 63 million investors in the USA, then the interested people represent a potential audience of more than 21 million people.
Mark Zuckerberg, CEO of the largest social networking site Facebook, said the company is ready to resolve all issues with Libra's regulators.
At a conference on the results of the second quarter of 2019, Zuckerberg stressed that several years ago Facebook would launch a new product without asking permission from regulators. But now the company's policy has changed.
According to US Treasury Secretary Stephen Mnuchin, there is every reason to develop new regulations for cryptocurrency by US regulators.
Over the past few years, the presidential administration has almost completely ignored cryptocurrencies. However, Donald Trump's recent statements about Bitcoin, as well as Facebook's announcement of Libra cryptocurrency project, give a reason to assume that the regulator intends to tackle digital money in order to limit its negative impact on the financial system.
The CEO of the American brokerage company TD Ameritrade Tim Hockey said that Bitcoin has become much more interesting for traders.
"Customers often ask about Bitcoin, but in the US there are significant regulatory obstacles in order to provide the customer with the opportunity to trade cryptocurrencies. We would be glad to participate in this, but we need to make sure that risks for our clients and ourselves are insignificant," said Hockey in an interview.
According to the CEO of Pantera Capital investment company Dan Morehead, by the end of the year the rate of the first cryptocurrency could reach $ 42,000.
Researchers at LongHash found that the highest volatility in cryptocurrency markets is at 1 am UTC. To conduct the study, analysts used data from the Coinbase exchange, calculating the number of daily peaks and lows in each hour and comparing with the indicators for the rest of the hours of the day.