It looks like Bitcoin (CRYPTO: BTC), after rising more than 150% in 2023, has shaken off the frost from the longest crypto winter on record. Yet as great as last year was for the world’s original cryptocurrency, 2024 is shaping up to be equally impressive. There are a few reasons for this, but the most […]
In the wake of the landmark approval of 11 Bitcoin exchange-traded funds (ETFs), Cathie Wood, chief executive officer of Ark Invest, once again made headlines with her ambitious price target for Bitcoin (CRYPTO: BTC). Doubling down on her claim that Bitcoin could soar to a price of $1.5 million by 2030, Wood emphasized in an […]
Wall Street analysts don’t always get things right, but some have such a strong track record of success that it’s worth paying attention when they make a prediction. Tom Lee is the co-founder and head of research at Fundstrat, a Wall Street advisory firm focusing on stocks and financial assets. In 2013, Lee predicted the […]
Few people in modern history have fallen faster than FTX Trading Ltd. Founder Sam Bankman-Fried, who went from a financial genius to a federal prisoner when his cryptocurrency exchange failed. Perhaps the most obvious reminder of that for Bankman-Fried is the alternative currency he has been reduced to trading in the federal penitentiary: canned mackerels. […]
According to Ark Invest CEO Cathie Wood, the price of Bitcoin (CRYPTO: BTC) could soar to as high as $1.5 million by 2030. Given Bitcoin’s current price of just under $50,000, that would represent a nearly 3,000% gain within a remarkably short period. At first glance, this $1.5 million price target might strike you as […]
After rising by more than 900% last year, Solana (CRYPTO: SOL) might be the most deserving to hold the title of crypto’s 2023 MVP. Yet, while the digital currency’s monumental resurgence provided a much-needed respite after it fell to as low as $8, Solana’s long-term prospects pale in comparison to one of crypto’s household names: […]
The cryptocurrency industry has been in turmoil for more than two years. It started with a rotation away from risk assets as recession fears rippled through the economy in late 2021. Then the collapse of the Terra blockchain ecosystem set in motion a series of bankruptcies and forced liquidations that dragged the market down even […]
One of the smartest minds in the crypto industry is billionaire Mike Novogratz, the CEO of cryptocurrency investment firm Galaxy Digital Holdings (TSX: GLXY). As a former hedge fund manager and partner at Goldman Sachs Group (NYSE: GS), Novogratz is particularly talented at bringing insights from Wall Street and traditional finance to the Wild West […]
Bitcoin (CRYPTO: BTC) just made history. The U.S. Securities and Exchange Commission (SEC) today approved the first spot Bitcoin ETFs, a watershed moment for Bitcoin and the broader cryptocurrency market. In total, applications from 11 issuers got the green light from the SEC. A few of those issuers are listed below, along with the relevant […]
The cryptocurrency market climbed about 110% in 2023, driving the price of Bitcoin (CRYPTO: BTC) up more than 150% during the year. But certain financial professionals see substantial upside for Bitcoin holders in the future, helped along by the likely approval of spot Bitcoin exchange-traded funds (ETFs) in 2024. Read on to learn more. Bitcoin […]
If you think Wall Street had a phenomenal year, take a closer look at how the cryptocurrency space fared in 2023. As of the early morning hours on Dec. 28, the aggregate value of all listed cryptocurrencies on CoinMarketCap.com had increased by a cool 115% year to date. Though there are thousands upon thousands of […]
Because they are common targets for hackers and thieves, businesses that hold cryptocurrency on behalf of their customers need insurance that covers customers’ losses due to theft and system or hardware failures. This need provides a market opportunity for insurers, provided that they can mitigate the risks. Key Takeaways Cryptocurrency insurance could become a “big […]