Fundstrat’s Tom Lee Sees Bright Future for Crypto in 2020

The crypto market will rise on new healthy dynamics in 2020, commented Thomas Lee, founder of the Fundstrat analytical company. The January price rally shows a return to more active trading with new possibilities for digital assets. Halving Not Priced In, Says Tom Lee Lee believes BTC may be in for a bigger rally, as the halving of the block reward is not yet priced in. This new narrative goes counter to the idea that 2019 trading already discounted the halving news. The improved performance of crypto in 2020 is…

Tesla Stock Expected to Make Crypto-Like Gains Over 5 Years

Electric car company Tesla has recently seen a major surge in its stock price, which recently exceeded $537, with CEO of ARK invest predicting the stock surge to $6,000. Tesla stock rising rapidly in early 2020 Tesla (NASDAQ: TSLA) stock price has been performing strongly in the last several days, surging from $480 on January 8th, to nearly $540 right now. However, ARK Invest’s CEO, Cathie Wood, believes that this is only a beginning for Tesla and that its stock price will go several times higher in the next few…

Bitcoin Price to Hit $15K Says CEO of $150B Investment Fund

CEO of DoubleLine Capital, Jeffrey Gundlach, recently spoke about his predictions for 2020 and beyond, saying that the USD is likely to weaken and Bitcoin could reach $15,000.  USD likely to weaken in 2020 Jeffrey Gundlach, the so-called bond guru and the CEO and chief investment officer for a $150b investment fund, DoubleLine Capital, recently gave his predictions for the short-term future of the US economy. Most of his predictions are based on one single assumption, which is that the US dollar will weaken in the near future. Gundlach is…

Putin Causes Russian Cabinet to Resign, Bitcoin Prices Spike

Russian President Vladimir Putin has triggered the resignation of his entire cabinet today, after laying out plans for Russia’s future political power balance. This political change has caused Bitcoin to begin trading at a premium on Russian exchanges. Putin Attempting to Retain Power by Enlisting State Duma as Decision-Maker The move caused a new wave of political instability, as Russia will have to scramble to assemble a new government. Additionally, Putin has proposed constitutional changes to allow more power to shift to the State Duma, reported DailySabah. Skeptics viewed this…

3 Major Bitcoin Price Models Predict Very Different Futures

The Bitcoin market price has exhibited significant volatility and surprise moves. In the 11 years since inception, BTC has moved dramatically, starting of from negligible lows, only to conquer $20,000 prices. Bitcoin Models Range from Unbridled Gains to Gradual Growth The spectacular climb sets the stage for the coming years, when BTC is much more well-known and accepted. From now on, the most optimistic view is that BTC will continue to much higher valuations. But the exact size of the gains hinges on three chief models. There are 3 types…

Why Bitcoin Price Could Hit $20,000 Again This Year

Bitcoin has made another big move again today but it has largely been eclipsed by altcoins which are pumping hard. Nevertheless, bullish momentum is back for BTC and it could revisit its all-time high again before the year is out. Bitcoin Reaches Longer Term Resistance Bitcoin forked projects such as BCH, BSV, BTG and BCD are surging by double digits today but the king of crypto still dominates overall proceedings in the crypto space. For the second day in a row bitcoin lifted off from intraday levels to post a…

Bitcoin Price 22% Gain is Not a Sign of a Bull Market: Brian Kelly

Brian Kelly is cautioning against expectations of a prolonged bull run as the bitcoin price gains more than 20% since the start of 2020. Meanwhile, crypto tokens continue to experience massive price increases with the total market capitalization adding about $20 billion in the last 24-hour trading period. Bitcoin Price Leading Fundamentals CNBC’s resident ‘crypto expert’ says the current bitcoin price gain might not indicate the start of a length upward price push. Appearing on CNBC’s Fast Money on Tuesday (January 14, 2020), the CEO of crypto trading firm BKCM…

Bitcoin SV Prepares For Heavy Correction, How Low Will it Go?

Bitcoin SV (BSV) is flying high and stacking sats, with prices breaking all-time records. BSV, the asset that appeared as a fork-of-a-fork of Bitcoin (BTC), has fulfilled its promise to do something spectacular in 2020. Bitcoin SV Continues to Peak as Crypto Social Media Await Epic Crash Now, the coin is still near peak prices. But how long this rally can survive is anyone’s guess. Bitcoin SV asset may be in for a heavy correction, sinking to a lower price level. The bitcoin forked coin reached prices of $353.50, on…

eToro Plans to Launch Its Own Debit Card in 2020

eToro, a platform that enables its customers to invest in the assets they want, from stocks and commodities to crypto-assets, plans to launch a debit card within this year while expanding its operations in the US, South Africa, and Hong Kong. Expanding Services to Customers in Over 100 Countries Rumors had persisted for a while that eToro was about to launch its own debit card. Now, in a recent interview with Globe’s Roy Katsiri, eToro confirmed that the company is indeed planning to launch a debit card this year.  According…