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Tom Lee Says Trump’s Attack on Crypto Could Propel Bitcoin Price to $40,000 By Late 2019
Donald Trump recently came out swinging against cryptocurrencies in general, and Bitcoin and Facebook’s Libra in particular. According to Tom Lee, however, Trump’s comments on Bitcoin could play a part in raising the Bitcoin price to $40,000 this year. Lee: Trump’s crypto bash could lead to new highs Tom Lee is the Head of Research at Fundstrat Global Advisors. What’s more, Lee is sometimes called a “Bitcoin permabull”, due to…
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Trump’s Bitcoin Tweets Are “Achievement Unlocked” According to Coinbase CEO
The President of the United Stated, Donald Trump, recently took to Twitter to give his opinions on Bitcoin and cryptocurrencies. Trump’s comments were largely negative, but Coinbase’s CEO, Brian Armstrong, said they are an “achievement unlocked”. Trump criticizes Bitcoin Specifically, Trump’s tweets made it clear that the American president is not a fan of cryptocurrencies. He tweeted that they “are not money”, that their value is derived from “thin air”…
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European Union Central Bank Will Not Add Bitcoin to Reserves, Says Bitcoin Is Not a Currency
The European Central Bank recently held a Q&A session in which they took questions from Twitter users. The Q&A session saw the ECB decline to recognize Bitcoin as a currency, quoting the ECB’s Chief Economist. Moreover, the ECB also said that it would not add any Bitcoin to its currency reserves. ECB Chief Economist: “Bitcoin is not a currency, it rather is a very volatile asset” This question came as…
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Bitcoin Passes $12,500 as Bullish Investor Calls $100,000 Price By 2021 “Easy”
The cryptocurrency market has once again seen some action following around a week of sluggish performance. Earlier today, the price of Bitcoin made it to $12,800 before subsiding somewhat. However, Bitcoin is still trading north of $12,000 – as one investor calls a Bitcoin price of $100,000 by 2021 “easy”. $100,000 Bitcoin by 2021 is “easy” Data from Coin360 shows that many of the major cryptocurrency coins are currently riding…