What if Institutional Investors are in Stealth Mode?
Everyone is waiting for institutional investors to get into the crypto space, but what if they are already here and accumulating in “stealth mode?”
Barry Silbert Says the Bottom is Likely in and Institutions are Already Accumulating
Barry Silbert, a major player in the crypto space (the founder of Grayscale and owner of CoinDesk for example), says he thinks the bottom is likely in and has data that shows institutional investors are already accumulating.
Current Mood of the Market is a Focus on BTC
Bitcoin broke out of the $6k range it had been trading in, and that helped spur on a market wide rally. However, many alts (with a few notable exceptions) have steadily lost ground since.
IBM is Working on a Stellar-based Stable Coin
IBM is working on a Stellar-based stable coin that would be pegged to the US dollar. That doesn’t mean it is ready to launch, that means they are exploring the idea and seeing how a payment system would work on the Stellar platform and blockchain. “There’s this tremendous opportunity to make blockchain payments feasible, especially… Read More
Inverted Head and Shoulders Plays Out as BTC Sees Price Spike
Bitcoin (BTC) saw a nice price spike today (perhaps in part because CBOE futures settle tomorrow). This spike completed an inverted head and shoulders pattern that was forming. It also potentially caused a small short squeeze as shorts had to cover positions (see BTCUSDShorts).
Blackrock Crypto Confusion Clarified
Blackrock is evaluating cryptocurrencies. This news somehow got translated to “Blackrock ready to invest trillions and start a crypto ETF.” The truth is somewhere toward the first point.
Coinbase is Exploring Adding ADA, BAT, XLM, ZEC, and ZRX
Coinbase is exploring adding Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX) to Coinbase and Coinbase Pro for buy / sell / trade.
A Case for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash
Of all coins, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are solid picks for a few simple reasons. 1. they all trade on Coinbase and Robinhood (both are established U.S. companies) and 2. They are almost certainly all not securities.
Robinhood Now Offers Commission Free Trades on Litecoin and Bitcoin Cash
Robinhood added commission free trading for Litecoin and Bitcoin Cash. This takes it one step further to being a legitimate Coinbase competition.
Bitcoin July 2018: The Bull Case Vs. the Bear Case
Here on July 12th, 2018 Bitcoin is in a bear market and some indicators are bearish. However, there is also a potential inverse head and shoulders and Adam and Eve forming which could take us back to a bull market. Let’s examine the bull case vs. bear case.