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.
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.
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.
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.
Popular cryptocurrency analyst and host of the television show Cryptotrader on the American channel CNBC Ran Neuner is sure that the price of Bitcoin is "about to explode." On October 7, he wrote in his Twitter account: "I just bought Bitcoin for my parents. It's too obvious that it's about to explode... "
The ratio of Neuner to the price of Bitcoin has almost always been optimistic. In a recent interview with the hedge fund owner Michael Arrington expert said that by the end of the year Bitcoin will reach $ 25,000.
The well-known Bitcoin-optimist and former hedge fund manager Michael Novogratz, who previously assumed the price movement of Bitcoin to new historical heights until the end of 2018, revised his forecast.
Previously, Michael suggested that the cost of all cryptocurrencies would reach $ 20 trillion, and Bitcoin would cost $ 40,000 by the end of 2018. Despite such positive forecasts, the year is coming to an end, and the current state of affairs in the market does not closely correspond to the declared. In this regard, Mike decided to change his forecast and at the Finance Disrupted conference, he said that by the end of the year Bitcoin would hardly be able to achieve a quarter of the value he had named.
The well-known Chinese OTC trader and cryptocurrency billionaire Zhao Dong believes that the next 15 months is the ideal time to acquire a cryptocurrency. According to Dong, you need to select a "quality undervalued project", buy its tokens and do not sell them for a long time.
In a note to Fundstrat Global Advisors clients, analyst Tom Lee wrote that the Ethereum is ready to change the trend to a bottom line and make a strong rally. According to the analyst, the perception of the air on the market turned out to be "too negative" and it allows us to say that in the near future the value of the cryptocurrency will be restored and will go on growth.
The price of Bitcoin, which has been floating for a long time between $ 6,400 and $ 6,700, has finally overcome the $ 7,000 mark. The reversal of the dynamics of the first cryptocurrency pulled the entire market - the total capitalization of digital assets at the time of publication is more than $ 229 billion.
Founder and partner at Morgan Creek Digital Assets Anthony Pompliano has significantly adjusted his forecasts regarding the market prospects of Bitcoin for the near future. Now the analyst is confident that the price of the first cryptocurrency can fall to $ 3000, according to the blog Off The Chain.
American economist, Nobel laureate, as well as ardent cryptocurrency skeptic Paul Krugman once again criticized the cryptocurrency and its supporters.
Krugman, who previously called Bitcoin "evil", said that the cryptocurrencies are the embodiment of economic regression that discards the financial system for 300 years ago. According to him, in Bitcoin, he is confused by two things: transactional costs and "no binding".
Bitcoin is a social phenomenon, whose popularity differs by geographic regions, says Robert Schiller, an American economist, author of popular economic books, and winner of the Nobel Prize in Economics.
"The East Coast is less into it than the West Coast," Shiller said Tuesday in a Bloomberg Television interview with Tom Keene and Guy Johnson. "Silicon Valley is really into it. This to me shows that this is not a rational response to new information." he said.
Despite the fact that Lloyd Blankfein does not own Bitcoins (as well as his investment bank), Goldman Sachs believes that critics should not ignore the future of the first and most important cryptocurrency. During a speech at the event The Economic Club of New York, Blankfein demonstrated an optimistic attitude towards the digital currency. CEO Goldman Sachs announced the possibility of a future in which Bitcoin and other cryptocurrencies will squeeze out official money - just like the Fiats once replaced gold and precious metals.
Steve Wozniak, co-founder of Apple Computers, shares the view of Twitter CEO Jack Dorsey, who believes that Bitcoin will dislodge altcoins from the market.
"I buy into what Jack Dorsey says, not that I necessarily believe it's going to happen, but because I want it to be that way, that is so pure thinking, "he said.
As it became known from four sources who wished to remain anonymous, the managing company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), is working to create a platform for online trading that will allow large investors to buy and sell Bitcoins. Recently, Goldman Sachs Bank announced its intention to launch trading futures for Bitcoins first, and later allow its customers to trade Bitcoins.
Pantera Capital Management, one of the leading investors in the cryptocurrency industry, expressed a "firm belief" that Bitcoin had found its bottom mark. The fund assumes that the price of $ 6,500 will be the lowest indicator of the current bear market, and also predicts that the markets are likely to reach new record highs within 12 months. About this Pantera Capital, an investment company operating exclusively in the industry of cryptocurrency and blockchain, said in a letter published on the website Medium. Pantera refers to a number of factors, explaining prediction.
The founder of the hedge fund Tetras Capital and former economist of Goldman Sachs Bank Brendan Bernstein argues that Bitcoin will help to burst the bubble of traditional finance. In a tweet on April 10, Bernstein supported the position of Bitcoin Foundation director Jon Matonis, who disagreed with the statements that Bitcoin is an economic bubble.
The world-famous ex-employee of the NSA and unmasker Edward Snowden gave an interesting and extensive interview to Peter Van Valkenburgh during the conference "The Blockstack 2018" in Berlin. Snowden discussed with the journalist the current issues of confidentiality of cryptocurrencies and his preferences. He also took the opportunity to criticize the development of internal conflicts in the cryptocurrency industry, challenging the maximalists, and insisted that the main developers needed teamwork.
