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Bitcoin News

Bitcoin and Crypto Currency News

Browse latest bitcoin news about new businesses that accepts bitcoin and other cryptocurrencies, blockchain technology, and regulations of bitcoin. We report on latest crypto currency news, prices, talks and new start up related to bitcoin and other crypto currency.




  • Bitcoin Price Sets New 2017 High; All-Time Value Mark Nears

    ​After another turbulent January that had even the most faithful shaken about Bitcoin’s future, the February rally has rekindled the greater community. A January roller-coaster has become a February value rocket, as the Bitcoin price has set a new high-water mark for 2017, as it closes in on a new all-time record, according to the CoinDesk Bitcoin Price Index (XBP).

    As a brief recap, Bitcoin started the year on a high, making a furious run at $1000 in value as 2016 closed. The first week of 2017 remained on this bull-run, peaking at almost $1130 USD, but Chinese regulators began the new year cracking down on exchanges and their no-fee trading practices. The market crashed to as low as $775 USD exactly one week later, and Bitcoin has been on the rebound ever since.

    This latest run from just under $1000 USD last week to a new 2017 this week seems rooted in the upcoming speculation on the ETF fielded by The Winklevoss Twins, which is due for a decision on March 11th. According to MarketWatch, even though the odds of an approval are long against the ETF, the fact that there are more than one in the pipeline seems to give investors enough hope of an approval to start buying in.

    A few weeks ago, Grayscale, which launched the Bitcoin Investment Trust in 2013, filed for an initial public offering that would allow its trust to trade as an ETF on the New York Stock Exchange. The Grayscale bitcoin trust is presently one of the few registered investment vehicles available to financial institutions. A company known as SolidX has also filed for a bitcoin ETF.

    The previous high in early January was the highest the Bitcoin had been since the bubble that was Mt. Gox in early December of 2013, when values reached over $1180 USD, according to BitcoinAverage.com, who has been tracking Bitcoin’s price since 2010. Now that Bitcoin is within shouting distance, the way things are going, it seems assured that the all-time mark will be set before March 11th, as Bitcoin has gained what would be needed, just over $50 USD, in the last 48 hours.

    The global Bitcoin market seems to be healthier than ever before, with less centralization in exchange trading. By currency, Japan has taken control of Bitcoin’s market with over 50% of the purchases done in Japanese Yen. This seems related to their advocacy of the no-fee trade policy that gained China control of the market.

    This leads to many trades that are less than legitimate and encourages traders to trade against themselves to lower exchange costs. However, the mainstream market in Japan is accepting Bitcoin use more and more. There is also more and more Bitcoin legislation in Japan, but that is also not as positive a development as it may seem.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Video Review: 10 Reasons Bitcoin Price Will Destroy All-Time Highs in 2017

    ​In my writing career, I have never done a Video Review before, as I have never a Bitcoin-related video worthy of a review, but this video inspired me. Hopefully, this doesn’t come across as promotional, because my goal is to educate, not remunerate. Since this video is not promoting any product, except for the digital asset’s value itself, a worthy ideal, in my opinion, let’s look at a new video called “10 Reasons Bitcoin Price Will Destroy All-Time Highs in 2017.”

    I will place the video below this article, for your convenience, but before you scroll down, let me give you an outline. The video is current and up-to-date, as it is only about ten days old, and it seeks to affirm the general optimism that surrounds Bitcoin’s potential price for 2017. It is produced by the “Renegade Investor” YouTube channel and is on the long side, standing at over twenty-six minutes.

    What you give up in speed you get back in scope. The most impressed aspect to me about the video is the comprehensive research of each point. Plenty of sources were enlisted in the creation, and the reasoning is all sound logic, in a matter-offact type manner of delivery. I was actually expecting 1-2 of the sections to be dismissable fluff, but this video did not fail to deliver value on each and every point noted. All points are legitimate and worthy of consideration for the new investor, except for one.

    The fifth item listed in Bitcoin’s favor is “Scaling Segregated Witness” and it intimates that SegWit should be adopted by the 95% of miners who signal they're ready to employ it by this November. As is shown in a progress chart in the video, SegWit has remained in the 25% range for an extended period of time.

    I’m personally worried that SegWit will never gain adoption to allow the scalability features like The Lightning Network to take hold. The Lightning Network could allow Bitcoin to effectively scale from the current limits of seven transactions, or less, per second, to as many as 10,000 per second (Visa will tap out at about 24,000 transcations per second, not the 2000-4000 mentioned in the video.)

    The Renegade Investor also mentions a double of the effective block size just through SegWit adoption alone, when the actual increase is around 70% over current limits, but the video is very comprehensive, mentioning the sweeping mainstream adoption of Bitcoin into popular Japanese culture, how the current bond market will influence Bitcoin value, and the effects of Bitcoin eventually passing Gold’s market price. Even clips from The Keiser Report are used effectively.

    Finer details aside, this video provides a lot of value. If you know of someone who is on the fence about getting involved in Bitcoin, as an investment, I can safely recommend this video to persuade the masses. It doesn’t shill for any product and just provides solid value for those who want the current state of the Bitcoin. Feel free to share this.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Price Will Spike Over 65% After Winklevoss ETF - Analyst

    Bitcoin price speculation is a very popular practice and a whole lotta fun for the Bitcoin faithful. Now that the issues in China seem to have settled down, and the market has normalized after a turbulent first few weeks of 2017, it is time to look at the next event on the horizon. That will come next month, as the Winklevoss ETF judgment is due in less than four weeks.

    Incredible upside potential for Bitcoin in 2017

    Any one of a myriad of things could happen in 2017 to send the digital currency “to the moon.” Anything from a global economic recession to a U.S. Dollar collapse, to a New York Stock Exchange market crash, have been forecast as possibilities. One thing we do know will happen is that on March 11th the SEC will make a determination on the future of the Winklevoss’ Bitcoin ETF (COIN) that has been in limbo for years now.

    This has caused Emerita Capital to do an extensive “thesis” on the effect that an approval of the ETF by the Securities Exchange Commission (SEC) would have on the market for Bitcoin thereafter. Taking out a highwater mark target price of $36,78 and a lowball figure of $551, they factored in a less than likely chance of approval and came up with the following figures.

    Our thesis is that the probability of a Bitcoin ETF approved in the near term has been misevaluated as a "very low chance" event by major investment and research firms,says Emerita Capital in their article. “We assign a probability of 35% for approval against 65% probability for rejection, making our final weighted average expected price $1645.45 or a +67.8% expected return above the current price.”

    The Winklevoss’ ETF is just the first strike out of many from the Bitcoin niche. Two other funds have filed similar applications that would offer ordinary investors broader access to bitcoin investing. The Bitcoin Investment Trust, run by tech entrepreneur Barry Silbert, and SolidX Bitcoin Trust, run by SolidX Partners, are waiting for the SEC to rule on their applications to be listed on the New York Stock Exchange. These also come up for review on March 30th (XBTC) and in October (GBTC).

    “Although its utility as a means of exchange is controversial, from a purely quantitative point of view the evidence suggests continued growth in transaction volume through the Bitcoin network, continued growth in interest from new markets, and continued growth in entrepreneurial attention,” Emerita Capital added.

    Keep in mind ‘Emerita Capital’ isn’t exactly Merrill Lynch. They have a couple of articles up on Seeking Alpha’s blog site, both within the last week, and they do not have their own website, or even a social signal listed anywhere on Google. This could be from credible financial advisors, or this could be from a couple of unemployed guys in a basement, for all we know. You make the call. The article is extensive and well-researched.

    However, this is one more analysis on this highly relevant subject than has been done by anyone else. At least someone has tried to put this into perspective for the community. Do you think Las Vegas bookmaker will create a betting line based upon this? Within the Bitcoin community, stranger things have happened.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Price Takes a Wild Ride After Closed door Meeting

    ​​​Maybe China no longer controls 95+% of the global Bitcoin trading market, but it is still a top factor in Bitcoin’s price. If something goes down in China, the rest of the community will get heartburn. Another meeting in China between Bitcoin exchanges and the PBOC caused a major Bitcoin tumble on Wednesday.

    According to Bloomberg, China’s central bank, the People’s Bank of China, had its regulators hold a major meeting with several Bitcoin exchanges in the country, which may lead to more controls in the weeks to come. What was discussed included issues of money laundering, according to one source?

    This caused quite an effect on the market value of Bitcoin, at leats for a few hours. As of this writing, the Bitcoin price started Wednesday trading at around $1075 USD or 7300 Yuan, and it lost over $40 is less than an hour early on Wednesday, or almost 4%. As of this writing, Bitcoin has regained almost all of that previous value lost.

    China’s central bank warned domestic bitcoin exchanges that they risk being shut down if they are found to be in violation of the rules on foreign exchange and money laundering. The exchanges called to meet with central bank officials included nine platfoms, among them were BtcTrade.com, HaoBTC, Yunbi, Yuanbao.com, and BTC100.

    The exchanges should not violate state regulations on anti-money laundering, foreign exchange management, payment and settlement and other financial laws,said an official statement from the PBOC’s operations office.” If a bitcoin exchange is found to be in violation of the above requirements, the circumstance will be serious.

    Bobby Lee, the founder of China’s BTCC Bitcoin exchange, has recently come out against the perception that Bitcoin is the primary engine of “capital flight” in China, and the main source of recent money laundering efforts. (He has also posted a more extensive rebuttal to these ideas in his Medium post earlier this month.)

    The talking point is that many Chinese people are now using Bitcoin as a means to transfer large amounts of their RMB abroad, into other foreign currencies,said Lee. Well, I’m here to tell you that from everything I’ve seen on the ground here, running one of the largest Bitcoin exchanges in China, this is simply not the case.

    And he had this tweet to convey on Wednesday, regarding the issues with the PBOC and their Bitcoin activity taking place:

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Third Times The Charm? Bitcoin Price Reaches $1000 For Third Time

    For the third time in its disruptive, controversial, and innovative history, Bitcoin’s decentralized digital currency has passed the $1000 USD mark in value. The first time was in November of 2013 and the second was one month ago. Will this be the last time it needs to climb that psychological price barrier?

    Just one week after its 2017 peak, Bitcoin price slid to $770, losing one-third of its market value. Since that point, three weeks ago, Bitcoin has gained back more than $250 in value or over 35%. Bitcoin price has gained over 9% in value over just the last 48 hours.

    Reasons for this sudden shot of Bitcoin power are not immediately clear. One issue that did come to light on Tuesday is Iran says they will dump the U.S. Dollar, and Bitcoin is a common hedge during economic turmoil, so that could be a factor in Tuesday’s movement. Also, the Chinese New Year has come and gone, so the largest overall Bitcoin trading market, China, may be back in play for their favorite digital currency.

    In January, the entire Bitcoin trading system was altered by regulatory actions in China against Huobi, BTCC, and OKCoin exchanges. At the start of the year, they handled about 96 out of every 100 Bitcoin trades, worldwide. Today, not only are the not the top three traders anymore, but none of them are even in the Top 5 exchanges!only one of them, OKCoin, resides in the top 5 exchanges for trading volume, worldwide, according to bitcoinity.org

    As you can also see from the image above, Bitcoin exchange volume has never been more healthy and diversified, with ten different exchanges having at least 5% of the global market share. BTCC has fallen to 6th place over the last 24 hours, and Houbi is not a factor anymore, potentially indicating that the vast majority of its volume was free traders and not a real customer base.

    Bitcoin has a history of starting the year off very slowly, not unlike the automotive industry, struggling to get many customers out of the cold, hard winter to shop. February may signal a return to the currency’s normal appreciation arc, as it has already easily erased any January losses and is up about 4% so far in 2017.

    With a potential Wall Street ETF option coming next month, and the U.S. stock market bubble ready to burst at any moment, Bitcoin has the potential to eclipse its 126% gain of last year and pass $2000 in 2017. Stranger things have happened.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Trading in China May See New Controls After Bitcoin Slide

    ​​China pretty much controls the global Bitcoin market, with about 80% of the world’s Bitcoin trading and about 95% of currency exchanges from fiat. This makes how China regulates, or doesn’t regulate, their domestic Bitcoin industry extremely important in the years to come. To this point, China has taken a laissefaire approach to the Chinese Bitcoin industry, but that may be ready to change in 2017. Slightly

    According to the South China Morning Post, the Chinese authorities and People’s Bank of China are mulling whether to introduce third-party custodian services to oversee the world’s largest bitcoin market. This comes after the Bitcoin industry’s rapid national expansion and a recent sharp Bitcoin price fall that has highlighted the potential threat it poses to the stability of financial markets.

    “Regulators have noticed that some bitcoin platforms crashed during the recent market volatilities, causing some investors, particularly those trading with leverage tools, to bear huge losses because they were unable to log on to the website during the sell-off,” the China Securities Journal reported on Tuesday.

    In a perfect world, there may be a truly free market system where no one scams anyone in an investment, but China is not that world, and the raw volume of trading over the past twenty days has drawn a lot of attention in many influential circles. The Bitcoin industry in China has not been prone to theft, fraud or other maladies that used to plague the digital currency, but some tech issues may have been key to some investors taking a larger loss than was reasonable.

    “The bitcoins were not stolen or hacked. Investors suffered loss as they were unable to trade, possibly because of the sudden price fluctuation and large sell offers. Introducing a third-party custodian for the investors would not reduce this risk,” said PwC China Fintech PartnerWilliam Gee, who said based on what happened in early January, the major risk with bitcoin arises from the trading infrastructure rather than the credibility of the trading platforms themselves.

    Maybe individual investors contacted authorities for some level of intervention? Whatever the case may be, the PBOC and others are becoming more involved in the dealing of top Bitcoin exchanges, keeping dialogues open, and looking to make small adjustments into how business gets done.

    As the market is not self-regulated at this moment, this may be a good approach. Leaders withing these large trading platforms are discussing making some ‘rules for the road’ when it comes to their trading practices in the near future, maybe to prevent a heavier hand from authorities.

    “Regardless of the current position adopted by the regulators, recent market activities have certainly attracted their attention. Indeed, we have noticed more active engagement from the PBOC in this respect.” Chun Yin Cheung, another PwC China Fintech Partner, said.

    “Although both mainland and Hong Kong financial regulators have made it quite clear that bitcoin is not a currency and thus not covered by the existing regulatory framework, the bitcoin-related behaviors are evolving and bearing the features of traditional financial market activities.”

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Why I Should Have Seen The Bitcoin Burst Coming and Why It Just Doesn’t Matter

    ​​Bitcoin is one hell of an investment, for anyone in the world to use. You don’t need a brokerage account, or need to reside in Western culture and have a special insider connection to benefit from it. One just needs to get educated in its capabilities and inherent value (That’s right. I said its inherent value!) and you’ll understand. Or maybe you’ll succumb to “human nature,” and just get greedy? It really matters not. Bitcoin remains.

    Late last year, I did predict that Bitcoin would pass $1000 USD last week, and most likely pass $1100 as well. Now is not the time for pats on the back, actually I’m here to admonish myself. I should have made one more prediction of Bitcoin’s eventual market correction. Michael Jordan once said ‘You miss 100% of the shots you do not take.” I missed that one. There are reasons, or excuses, as to why. Here's a couple, off the top of my head.

     

     

     

     

     

     

     

     

     

    The first one that comes to mind is I really didn’t care enough to think that far ahead. I’m not a day trader or a short-term Bitcoin player. I’m in it for life, so the price on a daily basis only matters so much to me. I don’t take it personally when Bitcoin price falls, and I don’t suffer from euphoria when it takes off. I actually want the price to remain low just so I can selfishly buy more. Also, I know that Bitcoin price will not say at $800-900 for more than a couple of months, at the most, so again, it is not a big deal to me that warrants much hand-wringing. Bitcoin has proven to be 'upwardly volatile.’

    Before I start rambling, let me get to why I should have looked a little deeper into Bitcoin history, and used it as my guide, as those who do not learn from history tend to repeat it. Bitcoin price was going to boom and bust anyway, as Bitcoin has plummetted each of the last three Januarys and in 2014 it dropped like a rock in the first week of February. Bitcoin lost about $150 USD in value due to the collapse of Mt. Gox.

    January of 2015 saw the market correction bottom out well south of $200 USD, right about where Bitcoin was valued before the bubble formed, in the fall of 2013. It ended the year trading for more than twice that value. January of 2016 saw the wrath of the Mike ‘Hearnicane’ as Hearn made his departure from the inner workings of Bitcoin a very public matter. Again, Bitcoin ‘beat the street’ by year’s end. And of course we have last week’s events. Why did it happen this time? Some say the market was fearful and jumped into the ‘safe haven’ of Bitcoin as a shelter for some speculated global economic downturn. Perhaps.

    In the end, it’s all speculation to me, and I’d be lying if I said I had a good read on why people are dumping ANY investment that was the world’s best-performing currency for two years in a row. Seems pretty stupid to me, but what do I know. I just knew when to get in, and I know enough not to get out, regardless of external market forces.

    And when BTC is trading at $1500, $1800, or even $2000 later this year, there will be a lot of ‘Nervous Nellies’ who will be suffering from ‘Seller’s Remorse’ for abandoning ship, for reasons I do not know, or care to understand. Bitcoin is not for those with weak stomachs. Only the strong survive in the digital ecosystem.

    I guess all I can really say about this dip in the market is ‘Thanks!’ Just more BTC for me. In my mind, I win either way. Hopefully, you may also adopt an equally positive and abundant attitude towards “The Future of Money.” Maybe you can see how it clearly beats the alternative?

    Why don’t we make this easy? This December, expect a ‘bull run,’ and a year from now expect another bust cycle. Sorry to spoil the surprise, for those of you who missed the last three of entry-level Bitcoin market analysis. If you are a Bitcoin day trader, this may come in handy. For myself, not so much.

    What is see the point in casting shade in Bitcoin’s direction? Just because of a drop in the price, for not much of a good reason? Did Bitcoin do something wrong here?

    Selling this investment, after it’s performance over the last three years, says much more about the seller than it does the digital currency, don’t you think?

    This reminds of an old favorite movie of mine from 1980 called Meatballs. Bill Murray can explain my feelings better than I can on this issue. Bill, take it away….

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • BitConnect Interviews Director of “Banking on Bitcoin;” See Exclusive Movie Clip

    With all of the recent exciting news about Bitcoin price and value over the holidays and New Year, we almost forgot that Bitcoin is getting a new feature film released this week called “Banking on Bitcoin.” It would appear that by sheer luck the timing of this new release couldn’t be any better, as Bitcoin is approaching a new all-time high in market value.

    With a documentary feel and a cast that reads like the who’s-who of Bitcoin, we sat down with the director, Christopher Cannucciari, and discussed the genesis of this film about the world of decentralized digital currency.

    Who was the driving force behind the film?

    “The film began in late 2013 and for as much media coverage surrounding the rising price of Bitcoin, there was very little about how Bitcoin could interact with current financial institutions and national currencies. There were many who were looking into this and I wanted to give them a bigger voice. In those days it was easy to get caught up in the excitement of Bitcoin’s grand experiment, but we really had no idea if it would change money forever or die on the vine. Now we are seeing Cryptocurrency not only changing money but contracts, networks and so much more.”

    “Along the way, we noticed that government organizations were becoming increasingly interested in Bitcoin and it was clear that Cryptocurrency would leave the hypothetical disruptive phase and truly begin to test the boundaries of what sovereign governments would allow. In some ways, the attempts at Bitcoin regulation have been negative, especially for new players. Despite this the fact that it has garnered so much attention from those in business and office, that Bitcoin has gained a certain permanence after weathering these and many other storms.”

    What was the reason, the vision behind this film being made?

    “I wanted to offer not only a snapshot of Bitcoin’s arrival to the public at large but preserve the history of this time through the eyes of those who were involved in taking Bitcoin from the computer to the public. People like Erik Voorhees, The Winklevoss Twins, and Nick Spanos were crucial for getting Bitcoin in front of people who would have otherwise been fearful of it.”

    “I also wanted to follow through with the eventual response from the Government and the banks which Bitcoin had been invented to disrupt. The predictable regulatory response seemed enviable after the systematic demonization of Bitcoin through the Silk Road and BitInstant prosecutions, but what unexpected for us was from the banks. Rather than fight the technology meant to make them obsolete, the banks began to co-opt Bitcoin for their own ends.”

    What is expected to come from this film? What is the end goal?

    “There were two goals essential to making this film; firstly to document and preserve what I felt was the most crucial time period in Cryptocurrency, growth from enthusiasts and programmers to the wider public. Of course, this includes the big three Bitcoin press stories, Mt. Gox, Silk Road and the Satoshi Nakamoto hunt, but we wanted to use those moments to help a new audience look deeper at why Bitcoin has gained so much attention and how these events both hurt and helped Bitcoin’s growth.

    “The second goal was to help start the conversation about how disruptive we want our new technologies. Should we fight for more or less regulation of new powerful tools like Bitcoin? Should we call out the double standards of traditional banking versus banking with Bitcoin? And should be ok with currency controls or allow the public the chance to be in full control of untethered currency?”

    Check out the interview with movie director “Banking on Bitcoin.

    “Banking on Bitcoin” stars Charlie Shrem, Gavin Andresen, Erik Voorheen, Barry Silbert, Cameron Winklevoss, Tyler Winklevoss, Benjamin Lawsky (BitLicense creator,) Alex Winter (‘Deep Web’ creator,) Nathanial Popper, Andy Greenberg and Paul Vigna. Here is an exclusive clip of the movie, which premiers on Friday, January 6th. Visit Gravitas Ventures for more release details.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Why Bitcoin Price is GUARANTEED to Exceed $1000 by First Week of 2017

    ​​​I know. I am not exactly going out on a limb here since Bitcoin is already trading at $975-980 USD at this time. Bitcoin is on a “bull-run” unseen since the rise and fall of Mt. Gox in November of 2013. The market dynamics are far different now, far less centralized around one exchange today, and Bitcoin market demand is much higher while Bitcoin supply is now much lower. Now, I have even more good news for Bitcoin investors. In fact, I have a guarantee!

    When was the last time I wrote a guarantee into a headline, in my almost three years of writing Bitcoin news articles? That would be sometime around never. Today, I will make a prediction, a New Year’s resolution, or a guarantee that Bitcoin’s market value MUST exceed $1000 USD by the end of the first week of 2017. It is fait accompli, and I’m being pretty damn conservative here. I’ll be shocked if the price isn’t in excess of $1100 by January 10th, 2017. Here’s why.

    The answer is pretty simple and straight forward, and as usual, it revolves around China. China is by far the largest Bitcoin market in the world, controlling about 95% of the world’s purchasing from fiat into Bitcoin. January 1st is the start of a new year, obviously. This also represents the start of a new annual $50,000 quota to convert the yuan into foreign exchange resets in China. Every year, you can take $50,000 worth of Yuan and invest it elsewhere. It doesn’t take a rocket scientist to see where China loves to put their investment capital these days, or in the days to come.

    “In the new year, the new foreign-exchange purchase quota starts, so we expect yuan positions in January to drop significantly," Liu Dongliang, an analyst at China Merchants Bank Co., noted earlier this month." 

    In other words, come the first week of January, there will be the equivalent of a bank run throughout China, at least by the savvy investors, and they won’t be looking to withdraw $50,000 to buy groceries. Chinese investors will be dumping Yuan to get Bitcoin and other valuable assets like Gold, Silver. Bitcoin’s “bull run” should be expected to continue through at least the first couple of weeks of 2017, if not the entire month of January.

    China’s purchasing power consistently sets the global market price on Bitcoin, so a wise investor would continue to stock up, as their investment will continue to grow in 2017. Maybe this explains the run on BTC tin China taking place as we speak? Maybe Chinese investors are reading the tea leaves for 2017?

    In any event, Bitcoin has made this a Merry Christmas for Bitcoin investors, and it seems destined to also create a Happy New Year for all of those wise enough to invest into what some are calling “The Future of Money.” If you haven’t begun investing in Bitcoin, make your New Year’s Resolution to start now today, and take advantage of a great time to be a Bitcoin investor. I guarantee you will enjoy your investment returns in January of 2017

    If you are new to Bitcoin, feel free to join the community here at bitcoinnect.co, and click here to get a free online education in how you can get started using Bitcoin in 2017, and discover all that a Bitcoin can do for you.

     

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University

  • Bitcoin Crushes $900 Barrier in A Matter of Hours; Next Stop $1000

    Bitcoin seems destined to wish all of you a Merry Christmas, as we all do here at BitConnect. The timing of this epic “Bull Run” couldn’t be any better during this holiday season. three days have triggered a level of Bitcoin demand, activity, and trading that may be unprecedented in Bitcoin history. This factors in the millions of people who have joined the Bitcoin ecosystem since the last time anything like this happened, during the rise of Mt. Gox in November of 2013. when many of you hadn’t even heard of Bitcoin.

    Next stop: $1000 USD - All aboard!

    According to coinhills.com, the sheer volume of Bitcoin trades and the amount transacted over the last 72 hours hasn’t been seen in years. On Thursday, their numbers had shown over 22,500,000 BTCs were traded, or almost $20 billion USD worth. Through early Friday’s trading session during business hours in Beijing, another 16,360,000 Bitcoins were traded, which equates to over $15 Billion USD worth.

    Bitcoin passed $900 USD less than 54 hours after it passed $800 USD, so at this pace, it will reach $1000 USD by Christmas morning, at least in the West. So you just made over 12% on your money within the last three days. Try doing that with Gold or Silver.

    These numbers almost match the total market capitalization and bitcoins in circulation. This volume is almost exclusively out of China’s Yuan fiat currency, which accounts for 98% of all Bitcoin trades. It is fairly easy to pin the blame, or thanks, for this market movement on the Federal Reserve’s rate hike last week by 25 basis points, thus creating this ripple in the market.

    Also, understand that this may also be happening as a hedge against futures, and Gold is moving down at the same time. Many are worried about the United States’ economic strength to support an interest rate increase, and investors may be moving into Bitcoin as a “safe haven.

    Over the past three and a half years, Bitcoin has been used as a ‘safe haven' effectively several times, including in Cyprus in April of 2013, the Grexit" in the summer of 2015, and theBrexit" earlier this year. People who move fast usually make a handsome profit, and that is definitely the case for some who began moving on Tuesday and Wednesday.

    So Happy Holidays from BitConnect’s News Department, and have a great Christmas weekend, wherever you are. Enjoy your (potentially) $1000 Bitcoins! Buy a Tesla with Bitcoin (either a Model S or pre-order a Model 3.) You deserve it for being smart enough to invest in Bitcoin in 2016.

    Author : Evander Smart

    Evander Smart worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inside. His travels, experience and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the shackles of economic slavery being created by global establishment forces. Evander gets you thinking about what money really is, and how it will work for you going forward. The world of finance is getting ready for incredible changes, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Video University