eToro CEO Selling Crypto Like Selling Apple In 2001

Recent rise and fall of cryptocurrency market prices has raised concerns by investors that the new asset class might be a bubble.

Comparing it to the likes of Tulipmania in 1929 and the dotcom bubble in the early 2000s.

However despite these setbacks cryptocurrencies keep on attracting new investors.

Investors like Yoni Assia, the CEO of social trading platform eToro, who although likens it to the internet bubble of the early 2000s he views investment in blockchain as bigger platforms but cautions that that 90% of all crypto-related projects will end up as nothing.

He likens investments in cryptocurrencies like investing in Apple in 2001.

He said that once someone learns about blockchain technology they would want the entire world to use it.

This is due to its central themes of transparency and decentralization.

Kosovo Turning Into A Crypto Mining Hub

Many European nations are showing a lot more interest in cryptocurrencies of late. Particularly in the Eastern European country Kosovo which is seen worsening economic problem due to 2008 financial crisis which have left the country with a worsening job shortage problem.

Kosovo is unknown in the field of finance and cryptocurrency but this might change pretty quickly soon as Kosovo is home to the 3rd cheapest energy in the whole of Europe.

Mining cryptocurrency in the country is a very appealing proposition as it cost half as much bitcoin to be able to mine 1 bitcoin in the country.

This is assuming one has the know-how to pull this off.

However, the government has no official stance on cryptocurrencies as for now and only time will tell how they will react when the new asset class becomes very popular in the country.

Philip Nunn Bullish On Bitcoin, Predicts $60k This 2018

Philipp Nunn the CEO of Blockmore Group and Wealth Chain Group who is well renown in the community of Venture Capitalist around the world was utterly bullish during his interview in an KPMG’s Tech Manchester event stating that we are moving from an internet of information to an internet of value which will disrupt essentially everything.

In this regard he is standing by his initial prediction this year that bitcoins will reach the value of 60k USD by the end of the year.

Philipp Nunn joins several prominent bitcoins bulls that is predicting highs later this year such as Tom Lee, Tim Draper and John McAfee who estimates bitcoins to be valued 25K USD, 8K USD, and 29k USD respectively.

Currently bitcoin is price is about 6500 USD with extremely bearish behavior.

The RSI shows that it is an excellent buying opportunity right now although one should always do their own research when investing in such a volatile asset class.

$20T Cryptocurrency Market

Mike Novogratz , who heads a $250 million cryptocurrency investment firm is very bullish about cryptocurrency.

In fact he predicts that the market is headed for the $20 trillion mark. However he does not expect it to do it immediately.

He states that if the crypto bull rally last January was considered a bubble similar to the 1996 dotcom bubble then there might be an impending bull rally similar to 1999 that led the valuation of dotcom to reach $6 Trillion which then corrected to $1 trillion.

It is expected that the value will probably hit $1.5 to $2 trillion by the end of next year, those who are willing to wait will see superior gains as long they are willing to wait.

It is a process, when institutional money starts pouring in and FOMO settling in we will see significant gains in market prices in which investments will pay off grandly.

CIA, FBI and NSA Know Who Satoshi Nakamoto Is?

Alexander Muse, who is a contributor in the blogging platform Medium has recently concluded that major Intelligence agencies in the US such as the FBI, CIA and NSA.

He made this conclusion when a inside informant revealed that NSA was able to use “Writer invariant” method of Stylometry to identify writings of Satoshi and thus identify who he is.

The informant also states that identifying who Satoshi is at utmost important to the government be able to define what is the agenda behind the creation of bitcoin.

Mr. Muse ultimately was not able to identify who Satoshi is but not before being contacted by the Department of Homeland Security to submit in an interview.

Details of the interview was not revealed by Mr. Muse suggesting restriction from the said agency.

He reveals that he does not know who Satoshi Nakamoto really is but believe NSA does.

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