Why Bitcoin and Crypto will be Properly Understood Much Later?

Bitcoin arose as a pretty high-minded idea, engendered in specialized cryptography forums. In its early days, its merits have been discussed by communities like the LessWrong forums. Bitcoin Gained a Bad Reputation in its Early Days Crypto assets and Bitcoin, in particular, gained a public image of being a simple-minded Internet coin, used by gamers and gamblers. Later, when finance moved in and big money rolled into the markets, BTC was seen as a model for financial trickery, a Ponzi scheme, or merely an investment fad. But hedge fund manager…

Will Bitcoin Price Rally in Q1 and Q2 2020?

The first month of the year has historically been bearish for bitcoin prices. Maybe funds are thin after the holiday period or other factors are at play. This year may buck that trend though as Q1 starts out in the green. Bitcoin Price Bearish In January Historical monthly returns for bitcoin price in January for the past five years have been negative. 2015 was the worst January with a loss of 27% followed by 2018 when BTC dumped 21.5%. Last year bitcoin dropped 10% in the first month of the…

3 Reasons why Bitcoin Market could be Worth $1 Trillion this Year

Bitcoin price predictions are always a point of contention. They have ranged from mind-blowing seven-figure surges to more sedate extrapolations of current market conditions. One industry executive thinks it is quite plausible for BTC to be $50k by the end of 2020 and here’s why. Speaking to Bloomberg, Nexo founder Antoni Trenchev said that company analysts have crunched the numbers and a price prediction of $50,000 by the end of 2020 is highly plausible. Nexo is a banking institution providing services for the blockchain and crypto space. When asked about…

Why Crypto Fund Investors are Quitting Their Positions?

After a lackluster 2019, with Bitcoin (BTC) taking the spotlight and altcoins continuing to tank, the market for crypto funds seems to be dying down. The new year seems to start with the capitulation of fund-based investments, as investors start to shed their crypto-based positions.  Fund Managers Pressured for Performance Indicators In the early days of crypto, the almost unlimited upside and fast gains put a small army of new funds on the market. High volatility and windfalls from almost any coin turned into big promises. But now, fund investors…

Bitcoin for Charity: BTC Donations are on for Australian Bush Fires

A Bitcoin donation address has been opened to supply aid for the Australian bushfires raging this dry season. The BTC address offers a borderless way to make contributions for relief immediately. Bitcoin Address Reveals Ongoing Donation Activity The #AustraliaBurning hashtag spread to the crypto community, with a Bitcoin donation address being open for contributions. At the time of writing, the address has already collected 0.26 BTC. Let’s show the world the power of #bitcoin. All donations are going to the Rural Fire Service. #AustraliaBurning #AustraliaOnFire #NSWfires BTC address: 38gi89vKr7VPCcwdoY2coTha86rfDHeyAR pic.twitter.com/9xjAuROzMb…