Bloomberg

Bloomberg Says Bitcoin Will Hit $14,000 in 2020 Thanks to Gold

2020 is shaping up to be a solid year for bitcoin – and less so for altcoins – according to Bloomberg. | Image: shutterstock.com Bitcoin equals digital gold, according to Bloomberg report. Altcoins set to suffer in 2020. The futures market will aid mass adoption. Bitcoin is going to boom this year. That’s the verdict,...
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Why Analysts Think Gold’s Christmas Rally to $1,500 Is Only the Beginning

Over the past few weeks, the price of gold has begun to pick up steam, surging by $35, some 2.5%, in the past three days. In the past four weeks, since the start of December, the asset has gained 4%.While this Santa Claus rally has already brought the price of the metal above $1,500, where...
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Bloomberg Analyst: Bitcoin More Likely to Hit $10,000 Than Fall 30%

While Bitcoin saw a 10% jump this week, rallying from the multi-month lows of $6,400 to surge as high as $7,300, there is still a sentiment in the cryptocurrency market that a return to the $6,000s, then a drop to the $5,000s is entirely feasible.Related Reading: Research Group: Bitcoin’s Halving Unlikely to Catalyze Bull Run, But...
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Halving Priced In or Not, Bitcoin’s Trajectory Bullish for 2020: Exec

In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.Related Reading: Don’t Withdraw Bitcoin From...
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Bloomberg Analysts Expect Bitcoin’s Price To Spike Past $10,000

Bloomberg analysts expect that bitcoin’s price will surpass the $10,000 price range despite its low levels of $7,400 and $6,600 as previously reported Bitcoin price news. Bitcoin had a struggling second half of 2019, dropping from a year-to-date high of $14,000 in June to $7,400 as the Bitcoin buyers filed to step in amid the...
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Why Bloomberg Analysts Expect Bitcoin Price to Rally Past $10,000

Bitcoin didn’t have the best second half of 2019, plunging from a year-to-date high of $14,000 in June to $7,400, where it sits as of the time of writing this. At its lows, the cryptocurrency fell as low as $6,600, languishing as BTC buyers failed to step in amid selling pressure seemingly catalyzed by Chinese...
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Can BLOCKTV Transform Content Monetization Models with the BLTV Token?

BLOCKTV has come up with a new monetization solution. It’s created a token, called BLTV, which will soon be listed for trading on Bittrex.  “Content is king” and has been since Bill Gates first wrote those words in 1996. Nevertheless, online media publishing is a highly competitive space. News outlets all over the world struggled...
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Gold Plunges After Dow Records New High; Why Bitcoin May Rise

Thursday wasn’t a great day for gold holders. During the day’s trading session, the precious metal cratered by its standards, falling by $23 — a 1.5% downward move — from $1,490 to $1,468 in a relatively spectacular fashion. This drop came a day after the asset shed $30, implying that a downtrend is forming for...
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Bloomberg Analyst Explains Why Bitcoin Price is “Caged” by $8,000 to $12,000 Range

Bitcoin’s surge from $7,300 to $10,600 woke up cryptocurrency bulls after a long slumber. And as normal, bulls have pushed extremely bullish price predictions, calling for BTC and its ilk to surge much higher by the end of the year.In fact, as reported by NewsBTC previously, Changpeng “CZ” Zhao of Binance wrote on Twitter that...
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Bloomberg Bitcoin ‘FUDster’ Promoted ‘Faketoshi Wannabes’ Last Year

A Bloomberg journalist who published a ‘bitcoin manipulation FUD’ article yesterday was called out for promoting Satoshi Nakamoto wannabes in June last year.  One of Bloomberg’s journalists, going by the name of Matt Leising, caught the attention of the bitcoin and crypto Twitter community yesterday for his latest article on a ‘new Tether FUD’. However,...
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Critics Savage Research Paper Alleging Lone Whale Caused Bitcoin’s 2017 Rally

Crypto commenters have torn into a new research paper alleging a single whale caused bitcoin’s 2017 price rally. The paper, reported prominently in Bloomberg and the Wall Street Journal, has been criticized for failing to understand that mass inflows of tether (USDT) to the cryptoconomy are not indicative of a single source accounting for all...
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The North American Bitcoin Conference Returns

TNABC and Miami Blockchain Week return to kick off 2020. On the 16th and 17th of January, 2020, pioneers of the global Bitcoin and blockchain community will converge in Miami for a historical conference, continuing to propel cryptocurrency from niche to mainstream. Now in its seventh year, The North American Bitcoin Conference is the longest-running...
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“Tough Times” Lie Ahead As Bitcoin Price Failed to Crack $10,000

Bitcoin (BTC) has seen a remarkable past week in terms of price action. Within this short time period, the cryptocurrency has traded at both $7,300 and $10,500 — a massive weekly range. Right now, BTC is at $9,450, consolidating as it prepares to make its next notable move.While there are many investors expecting the crypto...
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Facebook Launches News Tab in Partnership with News Outlets to Publish Verified Stories

Over the years, Facebook has had more than its fair share of problems that revolve around the privacy and authenticity of the content found on its platform. There have been many cases of reported breaches causing private data of many of its users to fall into the hands of others, without the users’ consent. There...
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Bitcoin Price Volatility Approaches as Bulls Try to Outclass Bears

Bitcoin has found itself stuck yet again. As of the time of writing this, the cryptocurrency is trading at $8,230, which is a price that implies BTC is down a mere 0.18% in the past 24 hours (as of the time of writing this piece).Related Reading: Happy 18 Millionth Bitcoin! BTC Scarcity Implies Large Price RallyWhile...
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Cryptoindex.com’s CIX100 Index Get Listed on NASDAQ

Cryptoindex.com receives a new boost after it’s CIX100 index got listed on the Nasdaq’s platform. The future seems brighter for the NASDAQ platform with the listing of Cryptoindex’s CIX100 index. Cryptoindex is one of the performing indexes for investors in the cryptocurrency ecosystem. This news is encouraging for the crypto market at large. Openings with...
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‘IRS’s crypto-tax guidance modeled after successful enforcement against Swiss account holders’

Taxation on cryptocurrencies and their associated earnings have long bugged crypto-enthusiasts across the world. An attempt to clarify the tax position on these assets was offered by Shartsis Friese LLP’s tax attorney, Dashiell Shapiro, who appeared on BloombergTV. Shapiro spoke about the recent guidance issued by the IRS with regards to taxation on crypto-holdings and...
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Tether issuance causes Bitcoin to rise in over 70% of cases according to research

Bitcoin price correlation to USDT issuance has been a hot topic of discussion between cryptocurrency investors and traders soon after the birth of the most popular stablecoin in the world. According to calculations from researcher TokenAnalyst, Bitcoin prices increase on 70% of the days when new Tether tokens are issued. The $2 billion in USDT that...
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Bitcoin Need Accentuated as Negative-Yielding Debt Hits $17 Trillion

If you told economists twenty years ago about Bitcoin (BTC) and negative-yielding debt, they would be shocked.In the 1990s or even the 2000s, decentralized digital money and a bond that made your money disappear with time would have seemed abstract — quite abstract.  Now, however, these two financial trends, which came to fruition mostly over the last...
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Bitcoin Could Get Stuck in $8k-20k Range Endlessly: Bloomberg Analyst

Bitcoin could get remain stuck in a price range defined by $8,000 as support and $20,000 as resistance, believes Mike McGlone of Bloomberg Intelligence.The senior commodity strategist on Tuesday said bitcoin price is in an “extended hibernation” state because more people are storing the cryptocurrency like gold instead of trading it on the spot markets....
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Bloomberg: CFTC is Hesitant to Approve Bakkt’s Bitcoin Futures

Since Bakkt, a cryptocurrency initiative backed by the Intercontinental Exchange (ICE) — the New York Stock Exchange’s parent company — was announced, it has been widely anticipated. In fact, pundits across the board have claimed that the startup, intended to be the first platform to offer physically-secured Bitcoin (BTC) futures, will be what boosts the...
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