Bitcoin has 'considerable' upside as it better competes with gold as alternative currency, JPMorgan says
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- Published: 24 October 2020 24 October 2020
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Reuters / Dado Ruvic
- Bitcoin has "considerable" upside in the long-term as it better competes with gold as an alternative currency, JPMorgan said in a note on Friday.
- With millenials set to become a more important market participant over the next few decades, their favorability towards bitcoin over gold should set up the cryptocurrency for success, according to JPMorgan.
- But bitcoin still represents only a paltry sum of the gold market, and the cryptocurrency would have to surge 10x from current levels to match the same value of the physical gold market.
- "Even a modest crowding out of gold as an 'alternative' currency over the longer term would imply doubling or tripling of the bitcoin price from here," JPMorgan said.
- Visit Business Insider's homepage for more stories.
Bitcoin (BTC) 1.00 BTC (1.34%) #Bitcoin #BTC If it trades above $13,250ish...#BTC to have a Great Upside Breakout!
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- Published: 24 October 2020 24 October 2020
- Hits: 1475 1475
Bitcoin (BTC) 1.00 BTC (1.34%) #Bitcoin #BTC If it trades above $13,250ish...#BTC to have a Great Upside Breakout!
https://altcoingazette.com/index.php/2-uncategorised/789-bitcoin-btc-1-00-btc-1-34-bitcoin-btc-if-it-trades-above-13-250ish-btc-to-have-a-great-upside-breakout
#Bitcoin $BTC #Altcoingazette
$XTZ #Uniswap #UNI
#EOS #Ripple
#XRP #0x #ZRX #ETH
#Ethereum
#Chainlink #LINK
#OMG #OMGNetwork
#0x #ZRX #Tezos #XTZ
Breaking News: Altcoingazette working to add up all of the net trading points in #Ethereum #ETH
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- Published: 24 October 2020 24 October 2020
- Hits: 1612 1612
Altcoingazette working to add up all of the net trading points in #Ethereum #ETH, is currently at $415ish per token, so we are working to add up the trading points in #ETH to today's price.
Here is a link to the ACG's #ETH trades: https://www.altcoingazette.com/index.php/ethereum-eth-trades
Opening Position: Bought Ethereum (ETH) on: 9/16/2019
@$199.
Added to original Position:
Bought Ethereum (ETH) on: 10/5/2019
@$175.
Added to original Position:
Bought Ethereum (ETH) on: 10/13/2019
@$183. "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 4/21/2020
@$172.04. "Average Down"
Added to original Position:
Bought Ethereum (ETH) on: 5/26/2020
@$203.05. "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 6/2/2020
@$234.87. "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 7/2/2020
@$227.11. "Average Down"
Added to original Position:
Bought Ethereum (ETH) on: 7/23/2020
@$276.20. "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 7/27/2020
@$326.32 "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 7/30/2020
@$335.45 "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 8/3/2020
@$398.15. "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 8/10/2020
@$397.16. "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 8/17/2020
@$433.49 "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 8/24/2020
@$406.27. "Average Down"
Added to original Position:
Bought Ethereum (ETH) on: 8/31/2020
@$438.78 "Average Up" trade
Added to original Position:
Bought Ethereum (ETH) on: 9/7/2020
@$339.37. "Average Down"
Added to original Position:
Bought Ethereum (ETH) on: 9/14/2020
@$378.42 "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 9/21/2020
@$349.09. "Average Down"
Added to original Position:
Bought Ethereum (ETH) on: 9/28/2020
@$366.20 "Average Up"
Added to original Position:
Bought Ethereum (ETH) on: 10/5/2020
@$354.32 "Average Down"
Added to original Position:
Bought Ethereum (ETH) on: 10/12/2020
@$380 "Average Up" trade
Added to original Position:
Bought Ethereum (ETH) on: 10/19/2020
@$378 "Average Up" trade
Here are links to the eBook that is being used to accumulate all of points in #ethereum:
ALTCOINGAZETTE.COM BITCOIN (BTC) CRYPTOCURRENCY TRADING COURSE: ALTCOINGAZETTE.COM Kindle Edition https://www.amazon.com/dp/B07W8Z6LVP
and
THE 3 STEP FORMULA TO EARN A MULTI BILLION DOLLAR FORTUNE IN THE BITCOIN (BTC) CRYPTOCURRENCY MARKET Kindle Edition https://www.amazon.com/dp/B07VZZDM5M
PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg
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- Published: 23 October 2020 23 October 2020
- Hits: 1576 1576
https://www.coindesk.com/
PayPal is exploring purchases of cryptocurrency companies including bitcoin custodian BitGo, Bloomberg reported, citing people familiar with the matter.
- The news comes a day after the payments giant announced it's entering the cryptocurrency market.
- BitGo was the first U.S. crypto firm to secure a broker-dealer approval, transfer agent registration and trust company recognition, allowing it to provide custody and record-keeping services.
- Given that the mechanics of PayPal's new crypto offering would in effect make it a custodian, it would explain the company's reported interest in BitGo.
- "Talks could still fall apart and PayPal could opt to buy other targets," Bloomberg quoted one of its sources as saying.
- BitGo CEO Mike Belshe declined to comment on the report. An email to PayPal requesting comment wasn't immediately answered.