Bitcoin (BTC) has long been described as a movement to phase out institutions. But ironically, it is institutions that many cryptocurrency investors have claimed to rely on to boost Bitcoin to fresh all-time highs. Related Reading: Happy 18 Millionth Bitcoin! BTC Scarcity Implies Large Price Rally Yet, as of now, institutions have seemingly yet to have…
According to Ikigai’s Travis Kling, Bitcoin bulls might not need to wait long for the leading cryptocurrency to establish a fresh all-time high. Related Reading: If In Doubt Zoom Out, Bitcoin Profitable Days Still at 91.5% Thanks for having me on @YahooFinance! https://t.co/jUNQ8K15UR — Travis Kling (@Travis_Kling) September 27, 2019 In a recent interview with…
According to its proponents, the value proposition of Bitcoin (BTC) was dramatically accentuated on Thursday, when central bankers continued their march towards debasement and uncharted monetary territory. Related Reading: Bitcoin’s Next Bull Run May Be Sparked By S&P 500 Uptrend, Claims Analyst Why Crypto: European Central Bank Cuts Rates, Commences QE For those who missed…
For most of its life, Bitcoin (BTC) was seen as a volatile gamble that was most likely to fail. Just look to the countless obituaries detailing the “death” of the cryptocurrency on this site. But, this narrative has started to change. Year to date, Bitcoin has gained a jaw-dropping 150%, shocking investors the world over.…
Litecoin prices up with huge trade volumes Irresponsible central banks like the FED will fuel crypto resurgence Travis Kling, the Chief Investment Officer at Ikigai Asset Management, believes that the crypto space will flourish as the public loses faith in the FED thanks to their “irresponsibility.” Thus far, Litecoin (LTC) is up 45.9 percent with…
Many had predicted that 2019 would be the year that institutional investment floods into crypto. The timing could not be better as markets are still over 80% down from their all-time highs. Multi-billion dollar global asset manager Morgan Creek Digital (MCD) has acknowledged this with its latest investment. Venture Stage Crypto Asset Investment According to…
Bitcoin (BTC) was built to be an alternative to the traditional of finance. While Satoshi Nakamoto, the creator of the cryptocurrency, never explicitly made such a comment, many have come to understand this underlying raison d’etre. Former Blockchain.com product manager Dan Held, for instance, once issued an extensive 47-part thread on Twitter to claim that Satoshi…
While many poke fun at the performance of crypto in 2018, global macro markets have begun to falter. Since reaching a year-to-date high in early-September, the Nasdaq, the world’s second-largest stock exchange, has seen its index collapse by 22%. Nasdaq’s index, which houses the publicly-traded stocks of tech powerhouses, namely Alphabet (Google), Amazon, and Apple,…
Amid the peak of crypto’s 2017 rally, Travis Kling, a portfolio manager at Steven A. Cohen’s Point72 Asset Management, jumped ship from his institutional tenure, subsequently downing the red pill that is Bitcoin. And while Bitcoin (BTC) has sold-off massively since his initial foray, Kling has maintained that he sees long-term potential in cryptocurrency and technologies pertaining to this budding asset class.…