Could Bitcoin Reach $250,000? Hedge Fund Manager Says Yes, Calls it ‘Digital Gold’

Hedge fund manager Mark Yusko is not concerned with the recent Bitcoin dip. The oldest and most significant crypto dropped to $56,000, 16% below the all-time high of $68,000. Despite that, Yusko thinks that Bitcoin is still on its way to reaching $250,000. Mark Yusko, CEO of hedge fund Morgan Creek, explained why he thinks Bitcoin could reach a per-coin price of $250,000. He did not pull that number out of the air, said the hedge fund manager and Bitcoin…

Investors Prefer Bitcoin Over Gold, According to JP Morgan

Major multinational investment bank JPMorgan recently revealed its reasons for why Bitcoin is surging this week. Among these are its attractiveness to institutional investors as an inflation hedge that is superior to gold. JP Morgan’s Analysis on BTC Price Growth The investment bank gave their analysis of the crypto’s price in a note shared Thursday, as reported by Markets Insider. They list 3 main reasons Bitcoin broke through key resistance levels this week, reclaiming its trillion-dollar market cap. Inflation Hedging…

Bitcoin is a Blue-chip Asset and Decentralized Exchanges Already Disrupted Centralized Exchanges, Says Coinbase

Recently, Coinbase carried out a research calling Bitcoin a blue-chip asset. It was reported that its position as a blue-chip asset is still undisputed and there is a trend where bull markets exhibit rising traction among alternative assets. The report says this may be due to several reasons, but majorly has to do with psychology. Investors seem more willing to consider altcoins during bull runs, like the time the market dominance of Bitcoin declined beneath 30 percent on Coinbase during…

Aurus: Making Gold as Easy as Money

Gold has long since been considered a safe asset. Therefore, it is no surprise that experts are always looking for ways to come up with gold-backed digital assets. However, the search for gold-backed digital assets intensified after Bitcoin’s price reached parity with gold in 2017. Blockchain technology has long established itself as a secure accounting method and has brought about a new approach to searching for these assets.  There have been several gold-backed cryptocurrencies, and the newest player in the…

SudanGoldCoin Launches IEO on ChainX

Today on 26th February 2020, SudanGoldCoin is pleased to announce that it will be launching its IEO on ChainX digital currency exchange, which is a reputable Korean exchange. The new blockchain project is the first of its kind and will bring together blockchain technology, a decentralized platform, and real production of gold. Key Players in the Project According to the SudanGoldCoin white paper, the project is a cutting-edge blockchain project that aims to develop a revolutionary decentralized platform for trading…

Block.One CEO Disputes’ Bitcoin is Money’ Claims on Social Media

Several perspectives on the role of Bitcoin continue to render many at loggerheads. The joint founder and CEO of Block.One, Brendan Blumer, expressed his thoughts concerning Bitcoin on Twitter. Blummer said the world's largest cryptocurrency is not money and is in no way ever going to be. Responding to a tweet written by Peter Schiff, he added that Bitcoin is the immediate gold generation. He continued to say the purpose of the cryptocurrency is not to get used as everyday…