Tag Archives: CNBC

Investment Bank (RBC) Analyst Still Expecting Crypto Market Cap of $10 Trillion in 10-15 Years

Investment Bank (RBC) Analyst Still Expecting Crypto Market Cap of $10 Trillion in 10-15 Years

On Wednesday (5 September 2018), Mitch Steves, a research analyst at global investment bank RBC Capital Markets, said in an interview with CNBC’s Fast Money that despite Goldman Sachs’ decision to postpone running a crypto trading desk, he still maintained his forecast that the crypto space could be worth $10 trillion in 15 years. According to a CNBC report on Steves’ appearance on Fast […]

Starbucks, Microsoft Back Bitcoin ETF And Stakes Are Huge

Starbucks, Microsoft Back Bitcoin ETF And Stakes Are Huge

Investors may want to mark their calendars on Sept. 30 and Nov. 5 for potential spike in Bitcoin’s value because wider acceptance of BTC could be on the line. On Sept. 30, the Securities and Exchange Commission (SEC) will rule on whether to approve the VanEck SolidX Bitcoin Trust Exchange Traded Fund (ETF). (Here’s their application.) […]

Bitcoin Eclipses 50% Crypto Market Dominance For First Time Since December

Bitcoin Eclipses 50% Crypto Market Dominance For First Time Since December

Bitcoin has long been at the forefront of the crypto industry; and it seems with the market’s most recent move downwards, Bitcoin’s dominance over the rest of the market may continue, or at least for a little while longer. Bitcoin Dominance Surges Amidst Crypto Downtrend The crypto market dropped by a collective 7% in the […]

U.S. SEC Postpones Decision Regarding Bitcoin Exchange Traded Fund

U.S. SEC Postpones Decision Regarding Bitcoin Exchange Traded Fund

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the listing and trading of a Bitcoin exchange-traded fund (ETF) until September 30, according to an official document released by the SEC August 7. ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. They are seen by some as a potential step forward for the […]

Bitcoin ‘Waiting for Reasons to Go Higher’, Says Blockchain VC Partner Spencer Bogart

Bitcoin ‘Waiting for Reasons to Go Higher’, Says Blockchain VC Partner Spencer Bogart

Blockchain Capital partner Spencer Bogart compared Bitcoin (BTC) to a “tinderbox” July 26, tellingCNBC prices could grow further due to multiple “catalysts.” Speaking to CNBC’s Fast Money, Bogart, who is regular commentator on the network and on cryptocurrency social media, adopted a notably bullish tone compared to just weeks ago when Bitcoin was trading around $6,000. “Any number of catalysts could […]

Cryptos a “Solution in Search of a Problem,” Says Billionaire Investor Ken Griffin

Cryptos a “Solution in Search of a Problem,” Says Billionaire Investor Ken Griffin

With hedge fund billionaires on all sides chipping on the state of cryptocurrency markets, one such investor has been keen to place himself firmly in the sceptical camp. Ken Griffin, founder and CEO of Citadel Investment Group, today made it perfectly clear that he was not an admirer of the booming cryptocurrency industry. Talking at the Delivering […]

Billionaire Investor Marc Lasry: Bitcoin Can Soon Hit $40,000 as Trading Becomes Easier

Billionaire Investor Marc Lasry: Bitcoin Can Soon Hit $40,000 as Trading Becomes Easier

Avenue Capital Group co-founder Marc Lasry has said that Bitcoin’s (BTC) price is going to hit $40,000 n bullish comments to CNBC on July 18. Speaking in an interview for the network’s Squawk Box segment, Lasry, whose debt management firm controls around $9.6 billion of assets, saw increasing ease of crypto trading as a major motivator for Bitcoin […]

Apple’s Steve Wozniak Calls Blockchain a ‘Bubble,’ Thinks Bitcoin Is Still ‘Just Amazing’

Apple’s Steve Wozniak Calls Blockchain a ‘Bubble,’ Thinks Bitcoin Is Still ‘Just Amazing’

Apple co-founder Steve Wozniak believes that blockchain is a bubble similar to that of the dotcom era, but that it could have potential in the future, CNBC reported yesterday, June 26. During the NEX technology conference in New York, Wozniak said that the dotcom era created a similar kind of hype around companies that did not end up delivering on their promises: […]