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Stephen Pair: “The practical value of Bitcoin will restore its price”

ICO-NEWS-practical-value-of-Bitcoin-will-restore-its-pric_20181216-090703_1 Stephen Pair | CEOr of BitPay

CEO of the cryptocurrency payment service BitPay Stephen Pair told in an interview with CNBC that the current value of Bitcoin is more related to the speculative component, and only a small part of it is of practical value. However, with his company he plans to change the situation.

"A great influence on the price is exerted by speculation, and the real practical significance of Bitcoin is only a small component of its price. BitPay focuses precisely on this issue - using the platform and providing products that will be valuable to our customers," said Pair.

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Mike Novogratz: “Bitcoin became a drug, but it ended”

ICO-LINK-Bitcoin-became-a-drug-but-it-ended Mike Novogratz | CEO of Galaxy Digital

In a conversation with Bloomberg, a cryptocurrency investor and CEO of Galaxy Digital, Mike Novogratz, compared Bitcoin with a drug, and the current market situation with a "methadone clinic".

During the interview, the journalist asked how the previous experience on Wall Street distinguishes Novogratz from the majority of representatives of the cryptocurrency community, who believe in cryptocurrency, as if this is a "new religion". The enthusiast stressed that although he believes in the technology behind cryptocurrencies, "when prices become ridiculous," he sells.

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Bobby Lee: the price of Bitcoin will not fall below $ 2,500

ICO-LINK-the-price-of-Bitcoin-will-not-fall-below--2500 Bobby Lee | BTCC co-founder

BTCC co-founder Bobby Lee predicts that the price of Bitcoin could fall to $ 2,500 in January 2019. Many traders consider this figure too optimistic.

Against the background of an ongoing survey in social networks, in which almost 5,000 people took part, Lee, who is becoming more and more famous for his bullish price forecasts, said that "a large number of purchase and support orders" will help Bitcoin to keep up $ 2000.

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Mark Yusko: Bitcoin value will grow 20 times

ICO-LINK-Bitcoin-value-will-grow-20-times Mark Yusko | Head of Morgan Creek Digital

The head of Morgan Creek Digital cryptocurrency investment company, Mark Yusko does not lose confidence in the bright future of Bitcoin and cryptocurrencies. In an interview on CNBC, he stressed his confidence that over the course of 10 years the price of Bitcoin will rise 20 times.

On the Fast Money program, Yusko admitted that he was wrong about the impact of futures on the price of Bitcoin. Previously, he believed that since the calculation of futures is in fiat money, they are not able to put pressure on Bitcoin.

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Roger Ver maintains a positive attitude towards cryptocurrencies

ICO-LINK-Roger-Ver-positive-attitude-towards-cryptocurrencies Roger Ver | Owner of Bitcoin.com

Despite the continuing decline in the cryptocurrency market, Bitcoin enthusiast and owner of Bitcoin.com Roger Ver in an interview with "Bloomberg Daybreak: Europe" confirmed a positive mood for the future of cryptocurrencies.

"Nobody knows, and I think that's the interesting thing about cryptocurrencies. Nobody knows whether it's going up, down or sideways," Ver said.

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Max Keiser: “Bitcoin, like Gold and cash, is a ‘risk off’ asset”

ICO-NEWS-Bitcoin-is-a-risk-of-asset Max Keiser | Founder of Heisenberg Capital Ltd

Known cryptocurrency investor and founder of Heisenberg Capital Ltd. Max Keiser said that in the future, the price of Bitcoin will only grow, and, reaching $ 100,000 will absorb the usual fiat money.

He also expressed the opinion of the "genius" of the Bitcoin protocol, stating that "more you understand" how it works, "more clarity you achieve."

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Allianz analyst: cryptocurrencies will spread, but will not surpass Fiat

ICO-NEWS-cryptocurrencies-will-spread Mohamed El-Erian | Allianz Senior Economic Adviser

Senior economic adviser to insurance giant Allianz, Mohamed El-Erian, said he believes in the spread of cryptocurrencies, but only as part of a broader blockchain ecosystem. El-Erian told on the Consensus Invest event in New York that he sees Bitcoin and cryptocurrency as commodities rather than currencies.

"There were two confusions made," El-Erian said. "People called it a currency or an asset class. What it is, is part of the commodity complex."

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Anthony Pompliano: “Bitcoin surpasses stocks, bonds, currencies and commodity futures”

ICO-NEWS-Bitcoin-surpasses-stocks Anthony Pompliano | Founder of Morgan Creek Digital Assets

The founder of Morgan Creek Digital Assets, Anthony Pompliano, told CNN in an interview why he and other entrepreneurs are protecting Bitcoin and remain committed to new technologies even though the market is plummeting.

"We have very deep conviction on a long-term basis. And if you look at the fundamentals, the 24-hour transaction volume on the Bitcoin network is about $4.6 billion as of lately, and the market cap is $74 billion. So that's about a 16-times multiple of transaction volume for market cap. That's very similar to MasterCard which does about $11 billion worth of transactions and is valued at about $180 billion. So from a value perspective, it's right there on par with MasterCard," he said.

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Spencer Bogart: cryptocurrency is a “multi-trillion dollar idea”

ICO-NEWS-cryptocurrency-multi-trillion-dollar-idea Spencer Bogart | Partner at Blockchain Capital

Spencer Bogart, a partner at Blockchain Capital, a venture capital firm, said in a conversation with Bloomberg that despite the long bearish cycle in the cryptocurrency market, cryptoactives still have enormous potential.

The expert still holds positive predictions about the future of Bitcoin, noting the critical role of "programmable money", whose popularity will continue to grow.

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Tom Lee: until the end of the year the price of Bitcoin will rise to $ 15,000

ICO-NEWS--until-the-end-of-the-year-Bitcoin-will-rise-to--15000 Tom Lee | Financial analyst

Financial analyst and co-founder of Fundstrat Global Advisors Tom Lee changed his forecast for the price of Bitcoin by the end of this year, cutting the figure almost twice.

Lee believes that predicting future quotes need to build on the cost of mining. Analysts at Fundstrat report that earlier the return on Bitcoin mining on the S9 Antminer device was $ 8,000, but now the figure has dropped to $ 7,000. According to Lee, the first cryptocurrency rate should exceed the payback index 2.2 times, so his forecast is $ 15,000.

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WSJ: Erik Voorhees and “SALT Lending” are under SEC investigation

ICO-NEWS-Voorhees-and-Salt-SEC-investigation Erik Voorhees |

A cryptocurrency credit startup "SALT Lending" and a former member of the board of directors of the company Erik Voorhees are under investigation by a US regulator. It is reported by the publication The Wall Street Journal, citing "sources familiar with the situation."

According to the report, the US Securities and Exchange Commission (SEC) called "SALT Lending" representatives to court in February. The reason for this was the $ 50 million ICO spent by the company at the end of 2017.

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John McAfee confirmed his prediction of a Bitcoin value - $ 1 million by 2020

ICO-NEWS-Bitcoin-value-of--1-million-by-2020 John McAfee | Antivirus pioneer

The eccentric cryptocurrency enthusiast and creator of one of the first antivirus companies, John McAfee, once again confirmed his opinion about Bitcoin for a million dollars by 2020. Moreover, according to him, this is a very conservative forecast.

Despite the significant market downturn and Bitcoin prices, McAfee remains calm and optimistic about his prediction.

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Tim Draper: in five years, Bitcoin will cost $ 250,000

ICO-NEWS-Bitcoin-will-cost--250000 Tim Draper | Venture Investor

At the Web Summit conference held in Lisbon, venture investor Tim Draper once again confirmed his opinion that by 2022, Bitcoin will cost $ 250,000.

Initially, such a statement regarding the first cryptocurrency Draper made back in April of this year. He noted that it is not important what the public believes in - Bitcoin will add value.

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BitMEX CEO: the fall of the market could last another 18 months

ICO-NEWS-the-fall-of-the-market-could-last-18-months Arthur Hayes | BitMEX CEO

The head of the largest Bitcoin derivatives trading platform BitMEX Arthur Hayes expressed the opinion that the "bearish" trend in the cryptocurrency market may last another 18 months.

"My view is the volatility environment that exists right now could persist for another 12 to 18 months, the flatness. I am just basing it off my previous experience. I started in bitcoin in 2013, when the price went from $250 to $1,300. And then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money," he said.

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Former head of the US Federal Reserve received a bit of Bitcoin as a gift

ICO-NEWS-Former-head-of-Fec-received-Bitcoin Janet Yellen | Former head of the US Federal Reserve

Former head of the US Federal Reserve Janet Yellen, known for her extreme skepticism about cryptocurrency, unexpectedly for herself became the owner of a small part of Bitcoin, having received it as a gift.

It is reported that the founder of the Bitcoin-gift service Biterica Raz Suprovichi sent Yellen 0.0031642 BTC (approximately $ 20) via her email address at the University of Berkeley.

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Ron Paul: Exempting cryptocurrency from taxes will help avoid the recession created by the Fed

ICO-NEWS-Exempting-cryptocurrency-from-taxe_20181031-063757_1 Ron Paul | Economist

The well-known critic of the Federal Reserve and part-time supporter of cryptocurrency Ron Paul published an article entitled "Trump Is Right, Fed Is Crazy", where he urged to abandon the fiat money printed by central banks, and start using alternative calculation options, which include cryptocurrencies.

Paul, discussing recent interest rate rises that US President Donald Trump called "crazy", explains that people always prefer using precious metals in cases where the national currency becomes unstable because the value of gold and silver is more stable. Therefore, the only chance to avoid a pending crisis is to abolish the "monetary madness," which includes the taxing of Bitcoin and other cryptocurrencies.

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Nigel Green: Ripple and Ethereum will surpass Bitcoin

ICO-NEWS-Ripple-and-Ethereum-will-surpass-Bitcoin Nigel Green | Head of deVere Group

The head of deVere Group, Nigel Green believes that in the coming years, the superiority of Bitcoin in the cryptocurrency market will significantly decrease. However, this will not prevent the first cryptocurrency to grow by another 5000%.

Green, however, recognizes the merits of Bitcoin and the revolution accomplished by this cryptocurrency, but believes that new technologies and cryptocurrencies will surpass the progenitor in time.

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El Petro's last chance: on the threshold of a decisive stage

ICO-NEWS-El-Petros-last-chance Nicolás Maduro | President of Venezuela

The loud statements of the President of Venezuela about the upcoming triumph of El Petro cryptocurrency and the possibilities to destroy the US sanctions pressure with its help have not yet received practical confirmation.

Against this background, a number of questions arise: is there a future for the coin, will it be presented in the listing of stock exchanges and can Maduro be able to put the country "on its feet" with the help of Petro.

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