Tag: Bloomberg

Bloomberg Expert Analyst Explains Why A Fall To $10,000 Isn’t Bad For Bitcoin

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Since the price of Bitcoin fell below $30,000, numerous forecasts have been made on the currency’s potential future price outlook of the asset. As the biggest cryptocurrency in the world, Bitcoin has amassed price headlines, some of which are optimistic while others are pessimistic.  However, a question that lingers is whether another crash is really the end of the world for Bitcoin. In such an event, Mike McGlone, a senior analyst at Bloomberg, believes that even a decrease in price to $10,000 would not be bad for Bitcoin. Bitcoin Still…

Bloomberg Analyst Predicts Bitcoin Crash Below $10,000

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Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a period of stability around the $26,000 mark following the recent speech by Federal Reserve Chair Jerome Powell.  Powell reiterated the central bank’s commitment to maintaining a 2% inflation target in his speech. As economists discuss the implications of this goal, market observers, including Bloomberg’s Senior Macro Strategist Mike McGlone, have weighed in on the potential impact of an impending recession on BTC’s price. Bitcoin Faces Bearish Outlook? During his speech, Chair Powell stressed the importance of implementing a “sufficiently restrictive” policy…

Is An XRP Spot ETF Coming To The US Soon? Bloomberg Analyst Answers

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Ripple has continued to revel in the glow of Judge Analisa Torres’ ruling in favor of the crypto company, with many use cases being touted for its native token XRP. The most recent use case to surface is a Spot XRP ETF, and Bloomberg analyst James Seyffart has quickly weighed in on the possibility of this happening.  How Possible Is A Spot XRP ETF? Seyffart, during an appearance on Tony Edward’s Thinking Crypto Podcast, explained that XRP would need to be listed on the Chicago Mercantile Exchange (CME) before the…

Bitcoin ETF to be approved in 6 months, Bloomberg analyst says

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Insiders suggest that Bitcoin ETF approval is inevitable. Bloomberg ETF analyst Eric Balchunas says expectations vary from four to six months. Bloomberg’s senior ETF analyst Balchunas cites the earnings call with Mike Novogratz, CEO at Galaxy Digital. Novogratz, in his turn, referred to his sources in BlackRock and Invesco. Per Novogratz, the question of Bitcoin (BTC) ETF approval is “when, not if.” According to “contacts” from inside BlackRock and Invesco spot Bitcoin ETF approval a matter…

Crypto Exchange Bitstamp in Discussions for Raising Funds: Bloomberg

“Bitstamp is not for sale, and we are not actively looking to sell the company,” Jean-Baptiste Graftieaux, its CEO, said in a statement to Bloomberg. “Our current and exclusive priority is to raise money through strategic investors to accelerate Bitstamp’s growth by providing new products and services to retail and institutional crypto customers. Source