Texas Crypto Fund Unveils Two New Ways to Value Bitcoin

In a paper published this week, Tuur Demeester’s US crypto fund, Adamant Capital, suggests two new ways of determining the relative market value of Bitcoin. One measures investor sentiment; it’s called Relative Unrealized Profit/Loss Ratio. HODLer Position Change (HPC) is perhaps more interesting. Adamant finds HPC by measuring blockchain “liveliness.” They explain the concept as such: “A blockchain where all the coins move within a single block has at that moment a Liveliness of 100%. A blockchain of two years old with no new block rewards, and where exactly one…

Bitcoin Price Plunge to $3,700 Expected; Retreat is a Blessing For Crypto

Following a rapid surge in the Bitcoin price from $3,614 to $4,000 within a span of three days, traders are expecting BTC to retrace by around 7 percent to $3,700. The cautious projection on the price trend of the dominant crypto asset comes after the failure of BTC to climb beyond the crucial $4,000 resistance level. On February 19, BTC achieved $4,000 across major crypto exchanges including Bitstamp and Binance. Shortly thereafter, it fell to the low $3,900 region and today, below the $3,900 level. What does Will Bitcoin Pullback…

IBM Crypto Chief Sets Massive Bitcoin Price Target

IBM VP of Blockchain and Digital Currencies Jesse Lund is bullish on Bitcoin – so bullish, in fact, that he set a long-term $1 million price target. Bitcoin Price Has Million-Dollar Potential Lund revealed his long-term Bitcoin price target at the recent Think Conference, in an interview with Fred Schebesta. The IBM executive pointed out that the higher the price of a crypto asset, the more utility it has. Therefore, he thinks people should focus less on the moving prices of crypto assets and more on their utility. “If the price…

Brutal Bitcoin Winter is Great for Crypto: Reddit Founder Alexis Ohanian

Bitcoin investors should not be discouraged by the brutal Crypto Winter because the mass purge is actually good for the long-term health of the industry. That’s the observation of Coinbase investor Alexis Ohanian, better known as the founder of social media network Reddit. ‘This Is the Spring of Crypto Innovation’ Ohanian — the husband of American tennis star Serena Williams — admits that bitcoin is experiencing a prolonged market slump. However, despite the Crypto Winter, he says now is actually the “spring of crypto innovation.” Why? Because the people that remain…

Want to Kickstart the Next Bitcoin Bullrun? Stop Hodling and Start Spending

As a crypto-community, we’re all guilty of trying to predict the next bitcoin bull-run. Just wait until the bitcoin ETF is approved! It’ll explode when Wall Street embraces crypto. Bitcoin will soar when pension funds start buying bitcoin. JP Morgan’s new cryptocurrency will send prices higher! (Just kidding). Instead of sitting around waiting for these institutional changes (which may or may not even happen), we can do something ourselves. Start spending bitcoin. One sure-fire way to increase bitcoin’s price is to increase demand for crypto payments. The more active bitcoin…

Dow, Bitcoin Bleed Lower as US & China Tease Trade Deal Outline

The US stock market endured steady losses on Thursday, leaving the Dow’s eight-week winning streak on the ropes. The bitcoin price, meanwhile, continued to mount an unsuccessful push toward $4,000 that has left most crypto assets in the red. Dow Fails to Break Through 26,000 Dow futures traded up throughout much of the pre-market session, putting the index within striking distance of the 26,000 point milestone. However, Wall Street turned sour ahead of the opening bell, and all three major US stock indices dropped when the market opened. The Dow…

10 Reasons Bitcoin Will Party Like 2017 for a Massive Bull Run in 2019

Many are wondering if we’re seeing the beginning of a 2019 Bitcoin bull run. After a bloody 2018 for the world’s first and most highly valued cryptocurrency, Bitcoin is starting off 2019 with some major traction on what appears to be quite solid ground. Is This The Start of A 2019 Bitcoin Bull Run?     The beginning of another Bitcoin bull run is far from a certainty. But it might not be a coincidence that Bitcoin’s price has so much up power right about now. Here are 10 strong…

Crypto Market Gains $15 Billion in 4 Days Bitcoin Not Ready For $4,000:

Since February 17, within 4 days, the valuation of the crypto market has increased from $120 billion to $135 billion, by $15 billion. Crypto assets that have outperformed both Bitcoin and the U.S. dollar throughout February in the likes of EOS and Litecoin recorded 4 to 6 percent gains in the past 24 hours, showing strong momentum. Litecoin Surges by More Than 50% in 3 Weeks, Source: TradingView Litecoin, in particular, demonstrated a spectacular rally from $33 to $50, gaining 51.5 percent in less than three weeks. However, a technical…

4 Reasons Bitcoin is the World’s ‘Most Compelling Asset’

Now is the perfect time to buy bitcoin, according to Spencer Bogart, a partner at Blockchain Capital. Speaking to Bloomberg, Bogart was evangelical about bitcoin, calling it “the most compelling asset in the world right now.” Bogart is notoriously bullish, maintaining a $50,000 price target on bitcoin. Why is he so optimistic during the depths of this crypto winter? He pointed a string of possible catalysts for another bitcoin boom, including global tensions, rising national debt, and the increasing interest from institutions. Let’s go through them one at a time.…

Dow, Bitcoin Wobble While Trump Gives Ridiculous Stock Market Analysis

Neither the Dow nor the bitcoin price made a strong move ahead of Wednesday’s opening bell, though US President Donald Trump’s bombastic stock market commentary provided more than enough entertainment for investors on Wall Street and Main Street alike. Dow Quiet as Stock Market Enters Mid-week Session Shortly before the market open, Dow Jones Industrial Average Futures had declined by 24 points or 0.09 percent, implying a fair value loss of 25.32 points. S&P 500 futures declined 0.04 percent, while Nasdaq futures rose 0.11 percent in pre-bell trading. Futures tracking…