Lis 13

Stock Market Slump Could See Bitcoin Price ‘Make New All-Time High’

Cryptocurrency inventor, fund partner and advocate Max Keiser is predicting new all-time Bitcoin price highs as the stock market tumbled again this week.

Bitcoin to ‘New All-Time High’ as Stock Market Slumps

A drop in share prices for both Goldman Sachs and Apple has equated to an approximately 160-point loss for the Dow Jones November 12, leading Keiser to suggest the index could collapse to below the significant 10,000 barrier in future.

“10 (years) of cash transfusions from central banks – masking the globe’s economic death in 2008 – hasn’t worked,” he wrote on Twitter.

“Dow 10,000 here we come. (Bitcoin) will make new (all-time high).”

The Dow last saw 10,000 during the banking crisis a decade ago, having hovered around 25,000 for most of 2018.

Anticipation Of Crypto Awakening Grows

While Keiser like many other well-known commentators has long heralded a return to form for Bitcoin price 00, cryptocurrency markets have yet to signal their bear market is over this year.

As Bitcoinist has frequently reported in recent months, the anticipation of institutional investor money buoying sideways prices continues to run high. Major crypto assets themselves, however, continue to trend slowly downwards.

Big money remains faithful to the optimistic narrative on Bitcoin, however. Last week, billionaire investor Tim Draper took to the stage at Europe’s largest fintech conference Summit 2018 to double down on his prediction the largest cryptocurrency would hit $250,000 per unit by 2023 at the latest.

He was joined by Blockchain wallet CEO Peter Smith and Managing Capital co-founder Garry Tan. While both stopped short of endorsing the quarter-million figure, there appeared to be unanimous agreement that Bitcoin would be worth more in USD terms by this time next year.

“…My prediction for $250,000 by 2022 – maybe 2023 but in that range – is absolutely solid, but I’m not so sure how we’re going to get there,” Draper said.

What do you think about Max Keiser and Tim Draper’s predictions? Let us know in the comments below!

Images courtesy of Shutterstock

Úno 09

Bitcoin Welcomes Investors Affected By Japanese Stock Market Volatility

Source: bitcoin


Being part of the stock market is not as fun right now as it was a few years ago.  Every day, a new financial disaster seems to be waiting just around the corner. After the trouble started brewing in China a few months ago, the Japanese stock market is the next one to plunge. The reason for this is simple: government bonds are going negative for the first time. At the same time, Bitcoin is looking more and more appealing as a way to diversify portfolios.

Also read: Valve is Bringing Bitcoin to Over 125 Million Steam Users Worldwide

Japanese Stock Market Takes A Big Hit

In this day and age, being involved in the financial sector with one’s money doesn’t make for a great experience. Every type of investment that seemed reasonably safe – for as far as that is ever possible is losing value faster than one can say “abracadabra”. No stock market appears to be safe from major plunges, and the Japanese market is no exception.

Earlier today, the Nikkei dropped a whopping 5.4%, which is just a sign of what is to come on the Japanese stock market by the look of things. To make matters even worse, Japanese government bonds went negative for the first time, as investors started pulling out their reserves and putting them into other assets.

As a result of this move, anyone who bought Japanese government bonds will be taking a financial loss by simply holding this asset right now. Until the yield of those bonds is back in the positive – or, at least, break-even – the Japanese stock market will remain very volatile. However, this is a trend taking place all over the world, and the ripple effect seems to be in full effect.

Truth be told, this loss on the Japanese stock market does not come as a big surprise. Both the US and European markets had taken several hits yesterday as well, and it only makes sense to see other markets follow that trend. The biggest “losers” in the market were Mitsubishi UFJ Financial Group and Nomura Holdings, both of whom lost close to 9%.

Mitsubishi UFJ Financial Group Announced Digital Currency Plans

It is especially interesting to see the Mitsubishi UFJ Financial Group on that list, as this Japanese bank recently announced how they are looking into developing their digital currency. Whether or not this announcement has anything to do with the sharp drop remains unknown at this point, though.

Bitcoin remains one of the only safe bets remaining for investors. Granted, this popular digital currency can be quite volatile at times as well. But at the same time, Bitcoin is nearly the only asset with a potential for a value increase, whereas more traditional solutions are not even able to offer a return of investment these days.

What are your thought son the Japanese stock market right now? Let us know in the comments below!

Source: CNN Money

Images courtesy of Shutterstock, Mitsubishi UFJ Finance Group

The post Bitcoin Welcomes Investors Affected By Japanese Stock Market Volatility appeared first on

Bitcoin Welcomes Investors Affected By Japanese Stock Market Volatility