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Haldipur owns around 77 bitcoins at present, and also holds stakes in other cryptocurrencies, such as Ethereum, DASH, and Ripple. Thanks to bitcoin scaling to an all-time high, he’s seen more than a 15x uptick in his holdings. We’re about to record a video in which he shares his trading strategies and tools of the trade. https://factordaily.com/akshay-haldipur-bitcoin-crorepati/ |
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Eye-watering returns, surging prices and market capitalisations to rival some of the world’s largest companies make cryptocurrencies hard to ignore.Bitcoin, the original and arguably most well known cryptocurrency, continues to skyrocket. Its price more than doubled from US$1 348 on 1 May to hit a record high just over $2 766 on 25 May. Three days later, it lost nearly 20% of its value, data from... https://www.techcentral.co.za/is-bitcoin-a-legitimate-asset/74271/ |
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Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday.
In December, Saxo Bank published its annual report called "Outrageous Predictions" with one of the forecasts calling for bitcoin to hit $2,000 in 2017. At the time the note was published, bitcoin was trading at around $754, so the target price represented a 165 percent rise. Bitcoin hit $2,000 on May 20.
LINK: C N B C /2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html
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According to a report by The Economic Times, India’s biggest financial news daily, ‘many’ politicians across the political divide raised concerns about the possible legalization of bitcoin by the Indian government during a meeting of the Parliamentary Standing Committee on Finance. The Indian Finance Ministry (FinMin) established an intergovernmental committee to study and research legal frameworks of digital currencies around the world. The committee will ultimately recommend a course of action for the regulatory and legal future of digital currencies like bitcoin in India. The government has also invited citizen comments and discussion on virtual currencies on a government portal. The suggestion box has been open for a week and will close tomorrow, May 31. https://www.cryptocoinsnews.com/bitcoin-unites-rival-indian-politicians-call-legalization/ |
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Nearly $4 billion has been wiped off of the value of bitcoin in the past four days after a correction that has seen the cryptocurrency's price fall almost 19 percent from its recent record high.
On May 24, bitcoin hit an all-time high of $2.791.69. But on Monday, the digital currency was trading at an intra-day high of $2,267.73, marking a more than $520 drop or 18.7 percent decline since the record high, according to data from CoinDesk.
https://[Suspicious link removed]/y9w43rwk
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Ethereum, which has been on an explosive growth trend, could be due for a price correction, according to Nicola Duke, an analyst at Forex Analytix. Duke, who recently made a similar prediction for bitcoin, said Ethereum could experience a 38.4% fall from Wednesday’s high of $227 and a 27% drop from Friday morning’s price, according to CNBC. https://www.cryptocoinsnews.com/analyst-predicts-price-correction-ethereum/ |
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