Category: Bitcoin


Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the Stress


Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the StressBitcoin prices and a number of other digital assets have grown significantly in value during the last decade. Some people have made millions and even billions throwing down everything they have during the cryptocurrency’s earliest days of price discovery. However, there’s another method of investing called dollar-cost averaging or DCA, a scheme that’s considered far […]


Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the Stress


Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the StressBitcoin prices and a number of other digital assets have grown significantly in value during the last decade. Some people have made millions and even billions throwing down everything they have during the cryptocurrency’s earliest days of price discovery. However, there’s another method of investing called dollar-cost averaging or DCA, a scheme that’s considered far […]


Guggenheim CIO: ‘Speculative frenzy’ to die down, but $400k target still on


While some traders have gotten mixed signals, Guggenheim's Scott Minerd is taking the long view.

In an interview with Bloomberg Markets on Friday, Guggenheim Partners’ chief investment officer Scott Minerd clarified his seemingly contradictory views on Bitcoin’s potential, and revealed that select Guggenheim private funds have invested in the cryptocurrency.

Minerd, who oversees Guggenheim’s $275 billion in assets under management, called for a sky-high $400,000 price target for Bitcoin in an interview late last year — easily among the loftiest price predictions from a major institutional head — but more recently said in a Tweet last week that the market may be overheated. The about-face even prompted some playful accusations of market manipulation.

As Minerd said on Friday, however, his long term bullish price target remains intact while a bearish pullback may still be in the cards.

“One thing we’re seeing is a sudden interest in retail [...] a lot of the crypto outlets are being overwhelmed, they’re starting to limit the orders because they can’t handle the demand.”

Once such instance is eToro, who recently warned of buyer limitations starting this weekend. Minerd noted that such strong demand might be a sign of a short term overextended rally, but the narrative winds are ultimately shifting in Bitcoin’s favor.

“The other side of that is demonstrating that crypto is becoming much more mainstream. The $400,00 price I talked about was based off the supply of gold in the world, and Crypto in a lot of ways is more attractive than gold.”

Minerd noted benefits such as portability and ease-of-transactions with Bitcoin relative to physical bullion.

When asked about if any Guggenheim funds have made the leap into Bitcoin, Minerd said “I don’t think we’re effected yet for any of our mutual funds,” though the company would consider allocations if client demand picks up.

However, he did reveal smaller private Guggenheim funds have made the leap.

“In some of our private funds we’ve already purchased it. [...] I recommended to somebody, if you believe what I said that it’ll go to 400,000 eventually, 2% of your portfolio will be 20% before this is all over.”

Part of Minerd’s bullishness is rooted in a long-term historical analysis. Earlier in the interview he noted that “we could be entering a golden age” and that “there have been comparisons made to the 1920s after the Spanish influenza.”

Ultimately, he expects significant retail funds to flow into the markets following the covid pandemic — a pool of money that may buoy crypto as well.


Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says Analyst


Paypal to Earn $2 Billion in Revenue From Its Bitcoin Business, Says AnalystMizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment giant’s overall revenue will climb 20%. Dolev says there has been a “dramatic increase in engagement due to crypto,” with 50% of Paypal crypto users […]




A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity


A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates as low as […]



TNABC Miami’s Eighth Annual Conference Goes Virtual, Event Underscores Technology’s Important Role


TNABC Miami's Eighth Annual Conference Goes Virtual, Event Underscores Technology's Important RoleOn January 28-29, 2021, The North American Bitcoin Conference (TNABC) is preparing to kick off its eighth exhibition with another cryptocurrency and blockchain-focused event. The event organizers have lined up more speakers than ever, as this year’s TNABC is going to be 100% virtual due to the ongoing coronavirus pandemic. TNABC’s creators say that this […]



Argentine Billionaire Marcos Galperin Says Bitcoin a ‘Better Store of Value Than Gold’ as Officials Plan to Print More Pesos


Argentine Billionaire Marcos Galperin Says Bitcoin a 'Better Store of Value Than Gold' as Officials Plan to Print More PesosArgentine billionaire and CEO of the e-commerce platform Mercado Libre, Marcos Galperin says bitcoin is a better store of value than gold. However, the billionaire thinks the crypto will not replace fiat currency due to what he terms the high “energy cost required to process its transfers.” Bitcoin Mining Energy Consumption Misconception Galperin, who has […]



Man Accidentally Threw Away Hard Drive With 7,500 Bitcoins, Offers City $72 Million to Search Landfill


Man Accidentally Threw Away Hard Drive With 7,500 Bitcoins, Offers City $72 Million to Search LandfillA man has accidentally thrown away a hard drive containing 7,500 bitcoins. He is now offering his city 25% of the value of the bitcoins stored in the hard drive for permission to search the city’s landfill site. His bitcoins are now worth almost $300 million at the current price. In Search of Hard Drive […]



Nigerian Youth Propels the Country to the Top of Google Bitcoin Search Rankings


Nigerian Youth Propels the Country to the Top of Google Bitcoin Search RankingsNigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African country has a search score of 100, which is more than double that of its nearest rival. Youth-Driven Interest According […]




Etoro Warns Customers to Brace for Suspension of Crypto Buy Orders due to an ‘Unprecedented Demand’


Etoro Warns Customers to Brace for Suspension of Crypto Buy Orders due to an 'Unprecedented Demand'Etoro, a trading and investing platform, has warned its customers to brace for possible limitations on their buy orders this coming weekend. The company says it might be forced to take this and other steps if the anticipated and unprecedented surge in demand for cryptos occurs. Unprecedented Demand and Limited Liquidity The Israeli company’s warning […]


Oaktree Capital Chairman Warms up to Crypto — Thankful His Son Owns Enough Bitcoin for the Family


Oaktree Capital Chairman Warms Up to Crypto — Thankful His Son Owns Enough Bitcoin for the FamilyOaktree Capital co-founder Howard Marks is warming up to cryptocurrency. Once a crypto skeptic, he now says “thankfully” his son is “quite positive on bitcoin” and “owns a meaningful amount for our family.” Howard Marks Warming up to Crypto Howard Marks, co-founder and co-chairman of Oaktree Capital Management, talked about bitcoin in a memo published […]



Popular Youtuber Ali Spagnola ‘Accidentally Got Bitcoin Rich,’ Decides to ‘Pay It Forward’


On Wednesday, the popular musician and Youtuber, Alicia Dawn “Ali” Spagnola, made a new video and tweeted about how she got “accidentally bitcoin rich,” after taking a request for her project called Free Paintings. After getting a bitcoin in 2013 and checking her account eight years later, Spagnola said: “I just found out that I […]





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