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

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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”

Tim Draper Confident Bitcoin Will Hit $250,000 by 2022

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There’s no shortage of cryptocurrency bulls such as Tim Draper. Venture capital investor Tim Draper has a big prediction Draper predicts that the market cap of cryptocurrencies will increase 400 times over the next 15 years to $80 trillion.  “The internet started in the same way, it came in big waves and then it kind … Continue reading “Tim Draper Confident Bitcoin Will Hit $250,000 by 2022”

Bitcoin (BTC) Could Hit $67,500 In 2019

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Pantera Capital, one of the first firms to focus solely on the crypto sector, believes Bitcoin could hit $21,000 by the end of 2018. Further, it believes the coin could rally to $67,500 by 2019. That’s coming from a firm that watched its Bitcoin Fund produce a 10,136.15% return in five years. As Bitcoin traded … Continue reading “Bitcoin (BTC) Could Hit $67,500 In 2019”