Allianz Chief El-Erian Makes a U-turn on Bitcoin Adoption

Posted on Categories Bitcoin, Cryptocurrency, General, NewsTags , , , , Leave a comment on Allianz Chief El-Erian Makes a U-turn on Bitcoin Adoption

On Tuesday, Mohammed El-Erian, the financial services firm Allianz’s chief economic advisor, shared his thoughts on cryptocurrency. Basically, according to him, cryptocurrency will reach universality as part of the broader financial ecosystem. He was speaking at CoinDesk’s Consensus: Invest Conference. El-Erian reiterated his earlier position that Bitcoin is a “commodity” and not a “currency.” However, … Continue reading “Allianz Chief El-Erian Makes a U-turn on Bitcoin Adoption”

Warren Buffett on Cryptocurrency: Why he May be Wrong

Posted on Categories Altcoin, Bitcoin, Business, CryptocurrencyTags , , , , , , , , , , , Leave a comment on Warren Buffett on Cryptocurrency: Why he May be Wrong

Not everyone is a cryptocurrency bull. Warren Buffett and Charlie Munger still believe Bitcoin is a mirage and a “scum ball activity.” Buffett once went on to say it’s “probably rat poison squared.” Munger went on to say the thought of owning cryptocurrencies was just “dementia.” But analysts just pass that off as a generational … Continue reading “Warren Buffett on Cryptocurrency: Why he May be Wrong”

Novogratz: Impossible for Bitcoin Not to Rebound to $8,800 to $10,000

Posted on Categories Bitcoin, Blockchain, Business, CryptocurrencyTags , , , , , , , , , , Leave a comment on Novogratz: Impossible for Bitcoin Not to Rebound to $8,800 to $10,000

Billionaires have been jumping on the Bitcoin (BTC) bandwagon for quite some time. Months ago, Michael Novogratz said the industry could be worth $5 trillion by 2021. “Ten percent of my net worth is in this space. It’s the ‘best investment of my life,’” he said at one time.  “The Nasdaq got to $5.4 trillion … Continue reading “Novogratz: Impossible for Bitcoin Not to Rebound to $8,800 to $10,000”

Mohamed El-Erian: “Crypto isn’t Dead.”

Posted on Categories Bitcoin, Business, CryptocurrencyTags , , , , , , , , , Leave a comment on Mohamed El-Erian: “Crypto isn’t Dead.”

Bullish sentiment for cryptocurrency continues with Mohamed El-Erian. The Bulls are Lining Up John McAfee for example believes Bitcoin could be worth $1 million by 2020. “Why don’t we look at the last Bitcoin? We have thousands of people to mine one coin. What is that coin going to be worth? Maybe billions. Mathematics doesn’t … Continue reading “Mohamed El-Erian: “Crypto isn’t Dead.””