Crypto ‘Wunderkind’ believes that this year is the new 2017, especially for the bitcoin price according to Teen BTC millionaire Erik Finman. Let’s see what he thinks in the latest cryptocurrency news.
Finman made an extremely large fortune by buying bitcoin in 2011 and instantly became famous. He is now the one giving advice and price analysis and he did the latest one saying that 2019 is the new 2017 for Bitcoin. He has previously made wrong predictions last December saying that Bitcoin was dead and Litecoin was taking its last breaths. Just a few days later, Litecoin made gains of more than 250 percent.
However, the crypto ‘wunderkind’ is rebranding himself and is now going away from his dark predictions of 2018. Finman is now positioning himself as the leader in the crypto space mainly because he has a very expensive PR agency behind him. It seems that Bitcoin and the blockchain are now back in fashion of him and still remain ‘’cutting edge.’’
While Finaman makes this large and bold statements like this and enthuses that products like his will make sure that the Bitcoin price will reach to $20K by the end of the year and is really hard to keep track of his statements. He does, however, have a huge knowledge of Bitcoin since 2011 and the crypto community believes in his analysis. However, crypto traders and analysts do not disagree.
2019 is not likely the new 2017 and it is very far from it since a lot has changed over the last two years. For starts, as explained in the coming altcoin news, the expectations have been adjusted after the manic price ups and downs and the crazy expectations that blockchain can cure cancer and help us make the world a better place. Bitcoin is based on a better place now more than ever and even during the height of retail FOMO. The hash rate, transactions, usage, and average block sizes are all up from 2017 despite the prolonged bear market.
There are also a lot less Bitcoin ATMs scams, less institutional investments and even the SEC decided that Bitcoin is not a security.
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Brokerage Giant TP ICAP Opens Its Doors To Bitcoin Trading
“We want to be close to what’s happening within this nascent asset class because we believe it’s important to invest in the early stages of a growing market.”The brokerage giant TP ICAP hopes that the new bitcoin trading option will attract the new clients’ money and will diversify its offering. The company which operates as an intermediary to financial, commodity and energy markets has seen a slight slump in revenue since the 2008 meltdown. Brokerage companies like ICAP mainly make trades for its banking partners but the volumes show that the company was forced to issue a profit warning in 2018. The initiative will be conducted from London by Duncan Trenholme and Simon Forster who have plans to expand in the United States and in Asia. The ICAP services will provide derivatives trading but they won’t turn their eyes from the option to hold digital assets directly in the future. Forster admitted that the number one cryptocurrency poses a threat to traditional assets so the finance executives can’t really afford to stand on the sidelines:
“TP ICAP also understands that this technology could disrupt or impact other asset classes where we currently operate, so we feel it’s important to be informed.”The traditional finance firms are slowly getting into crypto as well. At the start of the year, Fidelity launched bitcoin custody services for their clients. The multi-million asset management company will also facilitate bitcoin trading in the upcoming months. Also as noted in some of the best cryptocurrency news sites, the Intercontinental Exchange (ICE), which is the parent company of the New York Stock Exchange is preparing to launch Bakkt which is a physically-settled bitcoin futures and custody offering. In the meantime, Nasdaq will launch its own platform for bitcoin derivatives in 2019.
Bitcoin Ignores Correction Calls: Where Is BTC Headed?
“$BTC – found resistance right at the lower cloud and has opened the weekly candle inside the cloud. This represents the highest time frame that #bitcoin has breached into the cloud…with resistance at just above $10K…”An analyst named Chonis Trading then took to Twitter with the following statement: https://twitter.com/BigChonis/status/1140410183665049603 He also added:
“One more step up the mountain as #bitcoin hits right at the 38.2% fib resistance making it the next target for the bulls to close over and also makes maintaining the 23.6 fib support that much more important for overall continuation…”As Bitcoin ignores correction calls, many believe that the $10,000 mark could be achieved very soon.
Bitcoin Hash Rate Reaches New High As Price Reclaims $9,000
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