JPMorgan Wealth CEO says A Lot of its Clients See Bitcoin as an Asset Class and ‘Want to Invest’

J.P. Morgan Asset & Wealth Management CEO Mary Callahan Erdoes says most of its clients see digital currencies as an asset class. In an interview with Bloomberg when asked if their clients want to invest in cryptocurrency, do they suggest against it or help them out with it, Erodes said it is their job to […] The post JPMorgan Wealth CEO says A Lot of its Clients See Bitcoin as an Asset Class and ‘Want to Invest’ first appeared on BitcoinExchangeGuide.

279 +

Bitcoin $100,000 Proponent Mike McGlone Says Probing $30,000 Necessary for Longer-Term Pricing Uptrend

Bloomberg's Mike McGlone believes that Bitcoin's current pain at the $30,000 level shows it is maturing for a further pricing uptrend

277 +

Former CFTC Chair Says A Bitcoin ETF Would Be Good For Regulators; SkyBridge BTC ETF Delayed

Timothy Massad, former chairman of the US Commodity Futures Trading Commission (CFTC), has urged the U. S Securities and Exchange Commission (SEC) to approve a Bitcoin exchange-traded fund (ETF). Massad made his points known in a Bloomberg opinion piece.

236 +

BNY Mellon’s Asset Management Unit Doubts Bitcoin (BTC) as Viable Payment Method

A recent Bloomberg report reveals that Insight Investment, a subsidiary of BNY Mellon, is wary about investing in bitcoin (BTC). The global asset manager says it isn’t sure about the long-term merits of the world’s leading cryptocurrency as a means of payment.

285 +

Coinbase co-founder says people shouldn’t underestimate Dogecoin

Dogecoin’s history showed crypto why it’s haste to dismiss a good meme that could manifest into concrete progress, said Coinbase co-founder Fred Ehrsam in his interview with Emily Chang on a Bloomberg TV appearance.

438 +

CEO Jesse Powell Says Kraken Exchange Could Go Public Next Year

Jesse Powell, Chief Executive Officer of crypto exchange Kraken, has confirmed that the firm plans to go public next year. In an interview with Bloomberg, Powell said the exchange's initial public offering (IPO) could happen anytime between 12 to 18 months.

367 +

Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist

The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally.

262 +

Fidelity Strategist Says Bitcoin Bottom Is In As Price Holds Above $40,000

The past month has been a frightening one for crypto investors around the globe. Bitcoin has, however, made a steady recovery in recent days after plunging from one of the biggest sell-offs in May. That begs the question: What comes next? No one can tell for sure.

320 +

$288K BTC price 'still in play' says PlanB as Bloomberg champions Bitcoin halving

Bitcoin would "surprise" the stock-to-flow creator if it fails to return to its forecast trajectory, with three years still to go until crunch time.

420 +

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet.

270 +

Глава ВТБ: Биткоин — фейковая криптовалюта

Глава ВТБ Андрей Костин в интервью Bloomberg заявил, что ему не нравится биткоин и назвал его фейковой валютой, об этом пишет РБК Крипто. "We don't like Bitcoin. We think it's like making fake money," says VTB Bank President Andrey Kostin https://t.

339 +

‘Discounted’ Bitcoin more likely to hit $100K than $20K in 2021, says Bloomberg analyst

“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone.

360 +

Bitcoin Is More Likely to Resume Moving to $100,000 Than Stay Under $20,000: Bloomberg Report

Bloomberg Crypto Outlook says that Bitcoin is unlikely to sustain below $20,000 but should be on track to hit $100,000 again

274 +

Irish Central Bank official says cryptos like Bitcoin are a ‘great concern’

Derville Rowland, Ireland Central Bank’s Director-General for Financial Conduct, said in an interview with Bloomberg today that cryptocurrencies such as Bitcoin are “of great concern. ” The bank’s official also addressed crypto investors saying “crypto-assets are quite a speculative, unregulated investment,” warning them to be “really aware they could lose the whole of that investment.

414 +

China: Crypto traders turn to OTC platforms amidst Bitcoin crackdown

Millionaires in China are turning to over-the-counter services to trade and buy Bitcoin and other cryptocurrencies even as the local government says it would crackdown on the sector, as per a report on business outlet Bloomberg today.

203 +

Dogecoin Is Bumping Against Real Resistance but We See Limited Potential for DOGE: Bloomberg’s Chief Strategist

Bloomberg’s Mike McGlone wonders if Dogecoin has reached its peak, says he sees a limited potential for this meme cryptocurrency

276 +

Bitcoin is less volatile than Tesla and Apple stocks: Binance CEO

Changpeng Zhao, the Binance CEO, says Bitcoin’s volatility cannot be compared to other cryptos. Data shows that Bitcoin (BTC) is less volatile based on its returns. The Binance CEO stated this during an interview with Bloomberg TV on May 3.

341 +

JPMorgan says Bitcoin is showing ‘weakness’ as fund inflows fall

Analysts at US bank JPMorgan say the Bitcoin (BTC) market is showing signs of weakness, as per a report on financial news outlet Bloomberg. The post JPMorgan says Bitcoin is showing ‘weakness’ as fund inflows fall appeared first on CryptoSlate.

287 +

Coinbase Listing May Boost Bitcoin to $70,000 – Bloomberg’s Chief Analyst Says

Coinbase is now a publicly traded company after the grand listing by Nasdaq on 14 April finally went through. In addition to having a direct positive outcome for the largest US-based crypto-exchange in terms of increased valuation and trading volume, the listing also avails Bitcoin to a wider investor pool and is likely to drive […]

292 +

Peter Thiel calls Bitcoin ‘a Chinese financial weapon’ while Bloomberg says it could reach $400,000

Satoshi Nakamoto launched Bitcoin in January 2009 during the global financial crisis. The post Peter Thiel calls Bitcoin ‘a Chinese financial weapon’ while Bloomberg says it could reach $400,000 appeared first on CryptoSlate.

283 +

Bitcoin to Become the Global Reserve Asset, Says Bloomberg

389 +

Bloomberg’s Strategist Says $400k Bitcoin Price Would “Rhyme” With History

If Bitcoin’s present performance is compared to its performance in 2013, the top coin is on track to hit $400,000 despite multiple corrections, according to Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone.

328 +

Bitcoin can reach $400K in 2021 as 'risk-off reserve asset' — Bloomberg

With institutions demanding protection from inflation and dollar depreciation, historical trends could see BTC/USD 8X from current prices, says Bloomberg Intelligence.

352 +

Soros Fund Interested in Crypto Infrastructure Says CIO

“We’ve been making some investments into that infrastructure,” she told Erik Schatzker on Bloomberg’s Front Row. “I’d say it’s everything from exchange asset managers, custodians to the mundane, like tax reporting on your crypto gains, and everything in between.

283 +

U.S. Federal Reserve says digital currencies can ‘coexist’ with cash

Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per a report on business outlet Bloomberg on Thursday.

214 +

Cardano (ADA) Founder Isn’t Worried About DEX’s or NFT’s, He Wants Countries Ran on the Blockchain

“My goal is to run countries on the blockchain,” Cardano founder Charles Hoskinson says in a Bloomberg interview. The fifth-largest crypto is now listed on Bloomberg terminal. The post Cardano (ADA) Founder Isn’t Worried About DEX’s or NFT’s, He Wants Countries Ran on the Blockchain first appeared on BitcoinExchangeGuide.

426 +

Bitcoin Is Accelerating in Replacing Gold as Store of Value: Bloomberg's Mike McGlone

Chief commodity strategist at Bloomberg Intelligence says that Bitcoin is pushing out gold as a store of value at a rising pace

239 +

Bloomberg Chief Analyst Says Bitcoin Could “March To $100,000” From Here

Bitcoin is currently struggling to reclaim $50,000, but one chief Bloomberg analyst says that the cryptocurrency could be ready to “march” toward $100,000 per coin in the near term. Here’s the data the senior commodity strategist says backs up the theory for the “nascent” cryptocurrency’s price doubling in short order.

366 +

Bloomberg's Mike McGlone Expects Bitcoin to March to $100,000 If History Repeats Itself

A march to $100,000? Bloomberg's senior commodity strategist says Bitcoin is replacing gold

362 +

Former LSE Chief Says Crypto Could Help London Thrive Post-Brexit

Co-authored with Shore Capital Head of Research Clive Black and Senior Political Advisor Matthew Elliot, the Bloomberg report emphasized the importance of crypto in a rapidly shifting economy. It called for the resources of all “relevant U.

307 +

Sweden’s Riksbank says there is no possibility for a cash-like CBDC

World’s oldest central bank, Sweden’s Riksbank, asserts that the central bank digital currencies, CBDC has little or no tendency of performing cash-like features, following a recent Bloomberg report.

356 +

Bitcoin is ‘Clearly the Embodiment’ of the Cash Hoard and Also Frothy Markets: PJ Solomon CEO

The chief executive officer of the investment banking company, PJ Solomon, says Bitcoin has a place in the current marketplace but still isn’t as much worth as it is currently valued. In an interview with Bloomberg, while sharing his thoughts on Bitcoin, Marc Cooper said, “Bitcoin is clearly the embodiment of this cash hoard that's […] The post Bitcoin is ‘Clearly the Embodiment’ of the Cash Hoard and Also Frothy Markets: PJ Solomon CEO first appeared on BitcoinExchangeGuide.

339 +

Gold’s devaluation will foster the $50,000 Bitcoin rally: Bloomberg’s Mike McGlone

An enormous inflow from gold to Bitcoin has been cited in the market. Bloomberg’s Mike McGlone, the Senior Commodity Strategist bared this out in a newly published analysis. In it, he says Bitcoin is in its “price discovery stage.

308 +

Bloomberg's Mike McGlone says BTC could be headed to $50K as gold loses appeal

The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024.

301 +

Bloomberg: CoinLab открыла возможность вернуть биткоины кредиторам Mt.Gox

Американская компания CoinLab урегулировала вопросы касательно выплат биткоинов кредиторам обанкротившейся биржи Mt. Gox. Об этом сообщил журналист Мэтт Лейзинг. *COINLAB SAYS AGREEMENT SUBJECT TO CREDITOR ACCEPTANCE *CREDITORS CAN CLAIM 90% OF BITCOIN THEY ARE OWED FROM MT.

315 +

Bitcoin Should Be Worth $400,000, Says CIO of $230 Billion Firm Guggenheim

Scott Minerd, Chief Investment Officer of the Guggenheim Partners, a global investment firm that manages over $230 billion worth of assets, said in an interview with Bloomberg that Bitcoin should be valued at $400,000.

305 +

В Guggenheim Partners спрогнозировали рост биткоина до $400 000

Цена биткоина должна подняться до отметки $400 000. Об этом инвестиционный директор компании Guggenheim Partners Скотт Майнерд заявил в эфире Bloomberg TV. "Our fundamental work shows that Bitcoin should be worth about $400,000," says Guggenheim's Scott Minerd https://t.

404 +

Bitcoin Market Cap Headed to $1 Trillion in 2021, Says Bloomberg

278 +

We Have Crossed BTC Adoption Rubicon, Says Novogratz, as Bitcoin Sits at $14 884

Mike Novogratz told CNBC that the Bitcoin adoption Rubicon has been crossed, while the Bloomberg USD index plunges to almost 2-year low and BTC trades in the $14,800 zone

331 +

Lost Decade in Stocks Coming Says Bloomberg While Bitcoin Rises

America’s main financial paper has warned millennials should prepare for a lost decade in US stock markets. Columnist Chris Bryant reminds readers that for example UK’s benchmark of main stocks...

266 +

Commodity Analyst: ‘I Don’t See What’s Going to Stop Bitcoin From Appreciating’

A senior strategist with Bloomberg Intelligence says that he does not see what’s going to stop bitcoin from appreciating. He explains that as bitcoin matures, it will trade more like gold than stocks.

345 +

As Digital Gold, Bitcoin is “Just Going to Keep Going Higher,” says Galaxy’s Mike Novogratz

Billionaire investor Mike Novogratz doesn't see Bitcoin as a currency; rather, he doubles down on the digital currency as digital gold. “I don’t think Bitcoin is going to be used as a transactional currency anytime in the next five years,” said Novogratz, founder, and CEO of Galaxy Investment, in an interview with Bloomberg.

367 +

Bitcoin Could Fail, Says Bloomberg?s McGlone

Bitcoin could be banned or ?regulated away,? warns Bloomberg?s Mike McGlone

280 +

JUST IN: ECB Is ?Very Seriously? Looking At Digital Euro: Christine Lagarde

Head of the European Central Bank, Christine Lagarde, says that the ECB is very seriously considering digital euro launch, Bloomberg reports

209 +

Bitcoin to see $100,000 by 2025: says analyst

According to the analyst from Bloomberg, Bitcoin could soon be on course for $100,000...

The post Bitcoin to see $100,000 by 2025: says analyst appeared first on Coin Journal.

306 +

Bitcoin on Track for $100,000, Says Bloomberg Intelligence Analyst Mike McGlone

Bloomberg analyst Mike McGlone expects Bitcoin to continue appreciating

272 +

Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst

Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what one pundit described as “fake” breakouts.

449 +

Bitcoin Price Could Leap To $500,000 Or Crash To Zero, Says Bloomberg Analyst

On September 1, the bitcoin price hit $12,000 again for the fourth time since August 2, sparking a lot of optimism among investors. This was, however, followed by a fierce sell-off as bitcoin corrected towards 11,000.

316 +

Brazil's central bank president says CBDC will be ready by 2022

Brazil Central Bank President, Roberto de Oliveira Campos Neto, announced that plans to have a digital currency by 2022. In an interview with Bloomberg Markets’ Editor, Erik Schatzker, Neto said thaThe post Brazil's central bank president says CBDC will be ready by 2022 appeared first on AMBCrypto.

337 +