Holdings of bitcoin are very concentrated among a relatively small number of large holders, such as bitcoin miners, hedge funds, and family offices. And many of these hedge funds and family offices, in their infinite wisdom piled into it late last year and then “leaked” the information that they had bought into it to create hype and drive up the price further. This was eagerly reported by ... Bitcoin is, at the time of writing is again surging to closer to an all-time high, with investors keen to see the psychological barrier of $5,000 dollars broken. The price of Bitcoin is currently sitting at $4812.16 and, if previous psychological waypoints are any indication, it is likely that volatile movements will continue before a price of $5,000 is reached. This bedlamite actually predicted bitcoin would reach $500,000 by the end of 2020. $500,000! His forecast was rooted in the lunatic assumption that bitcoin would close 2017 at $5,000. Thirty days remain in 2017. And McAfee’s $5,000 bitcoin is miles off course. For today, bitcoin trades not for $5,000… but $10,665. Der Chef der US-Großbank JPMorgan ist alles andere als ein Fan von Kryptowährungen. Doch die Analysenabteilung seines Hauses schlägt jetzt komplett andere Töne an. 16.02.2018 And a former hedge fund manager—who started with just $1 million from family and friends… And grew it into a collection of funds worth more than $200 million over the next decade. He’s met with Presidents Clinton and Obama… has attended Warren Buffett’s last 21 Berkshire Hathaway meetings in Omaha… and has one of America’s most powerful financial rolodexes. He’s been asked to ...
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Is Bitcoin going to break the cycle after 5000 years and replace gold? Before we can answer this question, we need to know what gives Bitcoin its value. It is physcology. But here’s what’s driving bitcoin’s MAP cycle: ease of use. The U.S. Securities and Exchange Commission will decide whether to approve the first exchange-traded fund (ETF) for bitcoin by ... The price of bitcoin surged more than 15 percent Tuesday and briefly crossed the $5,000 mark for the first time since mid-November. It’s still well below the all-time high it hit in December ... There are now 50 cryptocurrency hedge funds as Bitcoin surpasses Netflix and PayPal in market cap and is coming up on Morgan Stanley which is truly a sign of the times we live in, where ... Bitcoin reached its high of $5,000 per #Bitcoin a price we haven't seen in a while. #Cryptocurrency #Altcoins.