One of the reasons why gold is considered as hedge to a failing economy is because of its inverse correlation with fiat money.
As CME Group announces to start trading of Bitcoin futures on December 18, the Bitcoin price is back on an upward journey hitting new all-time high.
World’s second largest exchange – Nasdaq Inc – is reportedly planning an entry into the Bitcoin futures space by the second quarter of 2018.
Elon Musk denied rumors that he is the mysterious inventor of Bitcoin.
According to bitcoin investor Michael Novogratz Bitcoin could ‘easily’ hit $40,000 by the end of 2018
Bitcoin price has just reached its historical all-time high by breaking the $10,000 barrier. Now it seems only the sky is the limit.
Bitcoin now surges past the $9700 mark coming close to its targets of $10,000. The overall crypto markets turn bullish with a total cap of over $300 billion.
Given the current growth rate, it’s very possible that the price of the digital currency may achieve $10,000 by the end of the year.
Renowned Bitcoin investor and crypto-hedge-fund manager, Mike Novogratz believes that Bitcoin can touch $10000 by the end of this year.
After a continuous rally for nearly two weeks which catapulted Bitcoin to almost $8000, and some major profit booking is being currently observed with the price of Bitcoin consolidating around the $6000 mark.
Goldman Sachs’ technical analysts Sheba Jafari and Jack Abramowitz believe Bitcoin could reach at least $7,941, according to the message sent to the company’s clients on Monday.
After CME Group decided to launch trading for Bitcoin futures contracts, the Mercado de Termino de Rosario, Argentina’s biggest futures market, considers offering services for investors in digital currencies.