Tag Archives: Bitcoin

TipRanks J.P. Morgan: 2 Stocks to Consider Buying (and 1 to Stay Away From) In a report on current market conditions – and the strategic view going forward – JPMorgan’s Marko Kolanovic sees plenty of reasons for optimism. Kolanovic sees that risk has eased in the last few weeks, and taking the usual daily fluctuations into account, markets are likely to see a sustained rally.The biggest news, in Kolanovic’s view, are the positive reports about the rapid development and imminent… Source link

Bitcoin (BTC-USD) is back. The most popular cryptocurrency has breached $19,000 and is approaching the record high it touched in 2017, before a spectacular crash. Longtime bull Mike Novogratz said bitcoin is a solid buy for everyday investors. “Bitcoin is for everyone,” he said in an interview with Yahoo Finance Live. “Everyone should put 2% to 3% of their net worth in bitcoin and look at it in five years, and it’s going to be a whole lot more.” Novogratz is a big player in bitcoin,… Source link

TipRanks Bull Moves: Analysts Just Upgraded These 3 Hot Stocks The world’s largest asset manager is impressed with the market’s recent gains, and it has made that sentiment clear by upgrading US stocks. In its recent reassessment of conditions in the American financial markets, investment giant BlackRock issued a general upgrade for Wall Street. This wasn’t an upgrade on particular stocks, but on the US market as a whole.Explaining the move, the BlackRock note points out that the daily… Source link

Bloomberg HSBC Shares Surge on Dividend Bets as Turnaround Gains Steam (Bloomberg) — HSBC Holdings Plc shares surged as much as 8% in Hong Kong trading on optimism Europe’s biggest lender may soon resume paying dividends as a turnaround gathers speed.The shares rose 6.8% to HK$42.45 as of 11:54 a.m. in Hong Kong, paring this year’s decline to 30%. They gained 4.1% in London on Tuesday.“This is mainly due to the change in market expectation, as HSBC’s operating conditions aren’t as… Source link

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. It’s a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold. Since January, bitcoin has gained 160%, bolstered by strong institutional demand as well as scarcity as payment companies such as… Source link

Bitcoin topped $18,600 on Friday, continuing a vertical climb that accelerated in early October. The largest digital currency by market cap is up 160% in 2020, and up 190% since March 15, following a crash in the second week of March that saw the price drop 25%. Now it’s not far from its all-time-high of around $19,800 toward the end of December 2017. Bitcoin (BTC) bulls are hoping this time is different. And it is, judging by the breathless media coverage and general mania: there isn’t… Source link

Influential investor Raoul Pal says the best trade he’s ever found is bitcoin (BTC-USD), which he’s described as “a call option on the future” and “the world’s most pristine reserve asset.” In a recent interview on Yahoo Finance, Pal said that the central banks move toward digital currencies is “literally the biggest story” in his career. Investors like Pal don’t want to compete against central banks, but aim to create “a digital world,” Pal said, underscoring that despite big… Source link

Bitcoin has come a long way in the ten years since it was created but, for some, it still feels early. The bitcoin price, climbing to year-to-date highs this week and recapturing some of the late 2017 bullishness that pushed it to around $20,000 per bitcoin, has found fresh support from Wall Street and traditional investors this year. Now, Wall Street legend and billionaire Paul Tudor Jones, who made headlines when he revealed he was buying bitcoin to hedge against inflation earlier this… Source link

Lawyers for Steve Wozniak, one of Apple’s co-founders, announced a lawsuit against YouTube and parent company Google on Wednesday, alleging the companies failed to take down videos that used Wozniak’s likenesses in a bitcoin scam. “The allegations paint a picture of an algorithm-driven tech giant that does not respond to victims and that… Source link

Apple cofounder and Silicon Valley legend Steve Wozniak is suing YouTube and Google for allowing fraudsters to use his name and likeness in bitcoin giveaway scams. The scams resemble those used by Twitter hackers who last week hijacked some of the social network’s biggest accounts to promote bitcoin giveaways. MORE FROM FORBESExclusive: Twitter Hackers Could Have Stolen A Whole Lot More BitcoinBy Billy Bambrough Steve Wozniak, who cofounded iPhone-maker Apple,… Source link