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Mark Mobius Argues Bitcoin Should Be Backed by Gold to Have Any Value

News Famous emerging markets investor Mark Mobius believes that Bitcoin (BTC) needs to be backed by gold to have any value. Crypto and blockchain are “very risky situations”Mobius, founder at frontier markets asset manager Mobius Capital Partners, expressed concerns over risks associated with cryp..

Trump Administration’s Mike Pompeo Wants to Regulate Crypto Transactions

The Trump Administration and the world’s regulators don’t seem to want to give the crypto industry any breathing room. Speaking with CNBC’s “Squawk Box” panel on Tuesday, Mike Pompeo, the U.S. Secretary of State, doubled down on the narrative that digital asset transactions should be more heavily e..

Bitcoin Price ‘Will Never Hit $50K’ Gold Bug Peter Schiff Tells Tom Lee

News Bitcoin (BTC)price will never make it to $50,000, gold bug and crypto skeptic Peter Schiff has claimed in the latest attack on the largest cryptocurrency. ‘This is hysterical’In a social media debate on Aug. 20, Schiff, who is well known for his distaste for Bitcoin, said that gold would defi..

Mark Yusko: Bitcoin Is a “Chaos Hedge, or Schmuck Insurance”

News Morgan Creek Capital CEO Mark Yusko called Bitcoin (BTC) a “chaos hedge, or schmuck insurance,” in an interview with CNBC Fast Money on Aug. 14. Yusko made the comment while explaining the folly in paying too much heed to the daily price movements of BTC. Should we park the narrative of Bitco..

Hodler’s Digest, July 29 – Aug. 4: Facebook’s Libra Confession, US Urged to Lead...

Hodler’s Digest Top Stories This WeekFacebook warns investors that the Libra stablecoin may never launchThe Libra storyline is fast becoming a never-ending soap opera — and we might be reaching the season finale. Facebook used its latest quarterly report to warn investors that its controversial cr..

CNBC Host Touts $55k BTC: 500% Bitcoin Price Appreciation

He’s done it again. Joe Kernen, a host of CNBC “Squawk Box” that has downed the cryptocurrency red pill, lauded Bitcoin on television for the umpteenth time in a matter of weeks. This time, Kernen even touted a lofty valuation model, one that says the Bitcoin price can appreciate by around 500% in ..

Bitcoin: CNBC Counter Indicator Strikes Again, BTC Outpaces Cannabis

Forget Bitcoin, Buy Weed Stocks? For a while now, CNBC has been controversial in the Bitcoin and crypto community. Since it began heavily covering the space in 2017, which came as BTC was skyrocketing, pushing past price milestones of $5,000, $10,000, and so on, the outlet has been known to make bad..

CNBC Anchor Kernen Calls Out Bitcoin Critic in Latest Pro-Crypto Move

Donald Trump’s tweet about cryptocurrencies has undoubtedly sparked hubbub about this budding class, especially the legality of it all and how it fits into the world of traditional finance. Unsurprisingly, those close to the American president have followed his lead, sparking discourse about Bitcoin..

Bitcoin Gains Another Ally in the U.S. Government After Trump Bash

The past few weeks have been an absolute flurry for the Bitcoin and cryptocurrency space. Facebook’s launch of Libra awoke something in the public, forcing anyone and everyone to take note of this budding industry. Most recently, the United States House Minority leader Kevin McCarthy gave cryptocur..

Joe Squawk Could Convince Trump To Become A Bitcoin Supporter

The crypto community is still talking about US president Trump’s bitcoin comments as we enter the weekend. Most are of the opinion that the sentiment is positive while the actual comments may not have been. Bitcoin Negativity Expected Bitcoin is now a household name and even if Donald Trump is not ..

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