Vinny Lingham: Bitcoin Price Will Reach $3,000 in 2017

Vinny Lingham: Bitcoin Price Will Reach $3,000 in 2017

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Vinny Lingham, co-founder and CEO of Civic.com released a highly anticipated blog post entitled “Bitcoin 2017: A Currency Devaluation Hedge for Emerging Markets” on December 28 to share his thoughts on Bitcoin and its price trend in 2017. In his analysis, Lingham predicted that the Bitcoin price will double or triple within the next 12 months. Over the past year, Lingham has been one of the few analysts who accurately predicted the price trend of Bitcoin. In a blog post published in April, Lingham told his readers that Bitcoin would reach a market cap of $15 bln by the end of the year. Today, it surpassed the $15 bln mark, reaching its all-time high market cap. The reasons behind strong performance The vast majority of mainstream media outlets and analysts have cited economic and financial factors as a reason for Bitcoin’s price rally. Various events such as the demonetization of banknotes in India and Venezuela, crackdown on Wealth Management Products (WPMs) and tightening of capital controls played a strong role in the rising price of Bitcoin. However, Lingham notes that most failed to acknowledge the impact of rising Federal Reserve rates on the value of Bitcoin. When the Federal Reserve increases …

Jerry Brito of Coin Center: Give Bitcoin 5 Years to Do What Google, Facebook Did

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Jerry Brito, the executive director of Coin Center, which has been advocating for the advancement and free use of Bitcoin and other cryptocurrencies, says Bitcoin still needs about five more years to be powerful. Coin Center is a Washington think tank that studies the Blockchain and digital currencies. Brito, who has been involved in advising the government to take a light regulatory approach as the technologies evolve, thinks that now is the best time to get involved in the cryptocurrency. Jerry Brito has been a vocal Bitcoin advocate since 2014 when he launched Coin Center as an independent nonprofit research center, focused on the public policy issues facing cryptocurrencies. He said in Chedder Live that: “If we compare Bitcoin to the early internet, we didn’t get the real Web until the mid 1990s with the introduction of Netscape and it took five more years before we got Google to make the Web useful and it wasn’t until five years after that that we got Facebook and Netflix and things that we take for granted today. So where are we today? Look, I think we are five to ten years from the true kind of power that everybody is expecting. But …

Richard Branson: Blockchain Is an ‘Economic Revolution

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Virgin Group founder and billionaire entrepreneur Sir Richard Branson is a huge supporter of blockchain technology. While talking to the press on October 3, Branson said the tech could bring an “economic revolution” to many nations worldwide. Sir Richard Branson Praises Blockchain Land Registry Bitcoin and blockchain technology is a keen interest for Sir Richard Branson. This week, Branson chatted with the media concerning blockchain technology’s many potentials. To make his point, Branson referred to the recent partnership between Bitfury and Hernando de Soto, who are trialing a land titling distributed ledger platform. Bitfury and the Peruvian economist aim to work with the Republic of Georgia’s National Agency of Public Registry. The project aims to deploy blockchain technology to create a better land titling system, with transparent and immutable attributes. In developing countries, land titles are often manipulated, forged, and taken from their rightful owners. At the Virgin Disruptors event this week in London, Branson told attendees: If you take somewhere like Egypt, 90 percent of people have got houses, they’ve got a garden, but they’ve got no piece of paper to show ownership of that — And without ownership of your property, it’s almost impossible to start a business or get a bank loan …