Topic: Bitcoin Bounces Back Above $6500 After BlackRock Creates Crypto Team - page 2. (Read 276 times)
July 18, 2018, 01:57:42 AM
Fact is, bitcoin has reached 7,000$ now and i don't care if what's the cause of this current spike. At least, it's giving morale to those people who are almost losing their faith to bitcoin and that they will also realize how really important holding their cryptos too.
July 18, 2018, 12:20:11 AM
Quote
Following new last week that billionaire investor Steven Cohen was said to have put money into a hedge fund focusing on crypto, Bitcoin et al. are extending gains today following headlines that BlackRock has formed a team to look into ways to take advantage of the cryptocurrency market and blockchain.
In the last week we have seen the owner of Switzerland’s securities exchange in Zurich say it’s creating a platform for trading digital assets.
Then, according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.
And now, as Financial News reports, the world's largest asset manager will examine whether the manager of $6.3 trillion of assets should invest in Bitcoin futures. It is also reportedly reviewing what competitors are doing with cryptocurrencies and how it would affect its business.
Notably, the formation of the team marks a change for the company after CEO Larry Fink said in October cryptocurrencies are a speculative platform in Asia and heavily used for money laundering. He has also said Bitcoin and other cryptocurrencies were “far from” being an opportunity for institutional investors, and none of BlackRock’s clients wanted to invest in it, according to Financial News.
And all of this comes after JPMorgan, Fidelity, and CME among others have stepped into the crypto mix.
Bitcoin has spiked back above $6500, back at one-week highs...
https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-07-16_4-00-57.jpg
And the rest of the crypto space is rising also - led by Bitcoin Cash...
https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-07-16_3-59-58.jpg
So the big question is - Is the institutional investor finally ready to join the crypto party?
https://www.zerohedge.com/news/2018-07-16/bitcoin-bounces-back-above-6500-after-blackrock-creates-crypto-team
In the last week we have seen the owner of Switzerland’s securities exchange in Zurich say it’s creating a platform for trading digital assets.
Then, according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.
And now, as Financial News reports, the world's largest asset manager will examine whether the manager of $6.3 trillion of assets should invest in Bitcoin futures. It is also reportedly reviewing what competitors are doing with cryptocurrencies and how it would affect its business.
Notably, the formation of the team marks a change for the company after CEO Larry Fink said in October cryptocurrencies are a speculative platform in Asia and heavily used for money laundering. He has also said Bitcoin and other cryptocurrencies were “far from” being an opportunity for institutional investors, and none of BlackRock’s clients wanted to invest in it, according to Financial News.
And all of this comes after JPMorgan, Fidelity, and CME among others have stepped into the crypto mix.
Bitcoin has spiked back above $6500, back at one-week highs...
https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-07-16_4-00-57.jpg
And the rest of the crypto space is rising also - led by Bitcoin Cash...
https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-07-16_3-59-58.jpg
So the big question is - Is the institutional investor finally ready to join the crypto party?
https://www.zerohedge.com/news/2018-07-16/bitcoin-bounces-back-above-6500-after-blackrock-creates-crypto-team
....
Here is one explanation for bitcoin's rise above $6500 that I've seen.
Are there other events or circumstances which could explain the recent price appreciation we've witnessed? Do you think this latest rise in bitcoin price will be sustained or are we witnessing a so called "dead cat bounce" where price hikes will be negligible over the long term?
I still suspect the value of bitcoin is being pushed down via market manipulation (and perhaps institutional investors) although I still have no solid evidence for this. It should be mentioned that pushing the price down and scaring HODLers into selling could be the best strategy to create an accumulation stage where institutional investors are able to "buy in" before the next pump and dump phase.
Anyways does anyone have an idea as to what is going on here?
July 17, 2018, 10:09:39 PM
Most likely just a dead cat bounce caused by manipulation and BlackRock news. It would be really weird and unhealthy to have a new rally started just after 6 months after ATH and big correction. The market needs to cool off a little bit, constant volatility is not good in the long run. When the market goes up 10% in 30 minutes it's not as good as 10% in 3 weeks, because the latter indicates strong and solid support, while the former can just as easy go down.
July 17, 2018, 08:24:15 PM
And prices from 6k7 has gone up 7k4 in 1 hour. Surprisingly to the market at this time. Perhaps as we are about to see a strong growth coming from bitcoin and the market
I do not know why some thinks that Bitcoin are about to have some great or strong growth every time it pumps since Bitcoin is strong to boot even if it is dumping since it has a lot of users and supporters all over the world. Dumping is just a nature of crypto currencies that means it is natural for them to dump quickly or pump. And yeah, it is not really surprising since we've seen more surprising price changes in the past like tripling the price of Bitcoin in a couple of months.
July 17, 2018, 07:53:40 PM
To me, BlackRock seems more interested in the blockchain technology than the cryptocurrency itself. It may want to find a use case for their activity (maybe). Or it's interested in crypto but not on behalf of their customers but rather for the HF itself
Client is king. Last year banks have been bombarded with requests to invest in crypto on behalf of their clients, and I'm quite sure the same thing is happening here. It's nearly impossible to ignore.Goldman Sachs has settled numerous crypto related trades on behalf of their clients, and it seems that JPMorgan has done the same thing. People want proper returns instead of the boring 2-3% annual returns.
Some had more luck with their timing than others, but there are enough clients that have done exceptionally well. There is a lot money waiting to enter, but not enough regulated platforms to utilize.
July 17, 2018, 05:21:51 PM
This is a good news to the industry as more people in business and industry are trying to get into cryptocurrency now as it could be possible to have a new coin for facebook too as The CEO of Facebook is also considering allowing cryptocurrency to be used for payment of services on the giant social media network.
July 17, 2018, 05:15:24 PM
I wouldn't connect these two things. If the blackrock news is responsible why doesn't the price fall back when their CEO denied everything? I'd say the shorts were overdue. Many professional traders were saying that the bears couldn't bring us below 6k again and the bulls are starting to take control. Most likely it will continue up to 10k and then we shall see if the bulls get tired and give up or if some ETF or another good news manages to push us above 10k. If we break 10k it's going to be another run for 20k for sure.
July 17, 2018, 04:38:44 PM
In my opinion, I think when any turn around happen to price whether as a positive or negative, we always want to have an explanation to it and that is why we always by all means give it a reason while some people will want to claim credit whenever there is a good turn around. I remember the last push up in the price of bitcoin where a firm in was claiming because it was granted a licence to operate that was why the price got the push but when the price fell back low, the same firm didn't come back with a press release to say its as a result of their own commencement of activities that led to that.
When we define the whole direction of bitcoin price to mean an individual event we are by default accepting that really bitcoin volatility is just too sharp and that the market is not as big as we portray it to be.
When we define the whole direction of bitcoin price to mean an individual event we are by default accepting that really bitcoin volatility is just too sharp and that the market is not as big as we portray it to be.
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July 17, 2018, 02:14:19 PM
And prices from 6k7 has gone up 7k4 in 1 hour. Surprisingly to the market at this time. Perhaps as we are about to see a strong growth coming from bitcoin and the market
July 17, 2018, 01:35:56 PM
The Bitcoin prices started to increase before this news, so I don't think it is the main reason. The ETF decision coming soon could be.
To me, BlackRock seems more interested in the blockchain technology than the cryptocurrency itself. It may want to find a use case for their activity (maybe). Or it's interested in crypto but not on behalf of their customers but rather for the HF itself
To me, BlackRock seems more interested in the blockchain technology than the cryptocurrency itself. It may want to find a use case for their activity (maybe). Or it's interested in crypto but not on behalf of their customers but rather for the HF itself
July 17, 2018, 07:54:26 AM
These guys always try to fake market like this news. Personally, I don't believe that this one is correct but it is always better to consider.
July 17, 2018, 07:48:16 AM
Fake news or not,there is some positive impact over the current btc price.I don`t believe that it will last for the next few days.Most likely the price will return back to around 6000 USD.It would be great, if another billionaire is interested in joining the crypto world.If this really is fake news then who cares,forget about it and move forward.
July 17, 2018, 07:21:44 AM
Quote
Following new last week that billionaire investor Steven Cohen was said to have put money into a hedge fund focusing on crypto, Bitcoin et al. are extending gains today following headlines that BlackRock has formed a team to look into ways to take advantage of the cryptocurrency market and blockchain.
In the last week we have seen the owner of Switzerland’s securities exchange in Zurich say it’s creating a platform for trading digital assets.
Then, according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.
So the big question is - Is the institutional investor finally ready to join the crypto party?
https://www.zerohedge.com/news/2018-07-16/bitcoin-bounces-back-above-6500-after-blackrock-creates-crypto-team
In the last week we have seen the owner of Switzerland’s securities exchange in Zurich say it’s creating a platform for trading digital assets.
Then, according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.
So the big question is - Is the institutional investor finally ready to join the crypto party?
https://www.zerohedge.com/news/2018-07-16/bitcoin-bounces-back-above-6500-after-blackrock-creates-crypto-team
....
Here is one explanation for bitcoin's rise above $6500 that I've seen.
Are there other events or circumstances which could explain the recent price appreciation we've witnessed? Do you think this latest rise in bitcoin price will be sustained or are we witnessing a so called "dead cat bounce" where price hikes will be negligible over the long term?
I still suspect the value of bitcoin is being pushed down via market manipulation (and perhaps institutional investors) although I still have no solid evidence for this. It should be mentioned that pushing the price down and scaring HODLers into selling could be the best strategy to create an accumulation stage where institutional investors are able to "buy in" before the next pump and dump phase.
Anyways does anyone have an idea as to what is going on here?
Accurate information https://www.bloomberg.com/news/articles/2018-07-16/blackrock-s-fink-says-clients-have-zero-interest-in-crypto
Some of the information appears accurate.
This for example:
Quote
Hedge fund billionaire Steve Cohen is joining the Bitcoin party.
Cohen Private Ventures, which was launched by Cohen’s family office in 2010, has invested Autonomous Partners, a new hedge fund that is acquiring both cryptocurrencies and equity in blockchain-related companies.
Autonomous Partners, led by early cryptocurrency believer and venture capitalist Arianna Simpson, launched in December and includes funding in the low eight digits from investors such as Coinbase CEO Brian Armstrong, Union Square Ventures, and Craft Ventures.
“I’ve only brought on partners that I think can be very much value-add beyond their capital,” Simpson told Fortune.
http://fortune.com/2018/07/12/steven-cohens-bitcoin-crypto-autonomous-partners/
Cohen Private Ventures, which was launched by Cohen’s family office in 2010, has invested Autonomous Partners, a new hedge fund that is acquiring both cryptocurrencies and equity in blockchain-related companies.
Autonomous Partners, led by early cryptocurrency believer and venture capitalist Arianna Simpson, launched in December and includes funding in the low eight digits from investors such as Coinbase CEO Brian Armstrong, Union Square Ventures, and Craft Ventures.
“I’ve only brought on partners that I think can be very much value-add beyond their capital,” Simpson told Fortune.
http://fortune.com/2018/07/12/steven-cohens-bitcoin-crypto-autonomous-partners/
The news article where blackrock claimed clients have zero interest in crypto currencies could be false. I think goldman sachs and other banks polled their client base on crypto currency interest 2017-2018. Goldman sachs may have bought poloniex crypto exchange via circle shortly thereafter. We've also seen robinhood financial exchange gain an estimated 1 million plus new users after announcing crypto support.
For an investment firm like blackrock to claim there is "zero interest" in crypto currencies which are the hottest investment vehicles the world has seen in a long time. That could be fake news.
July 17, 2018, 06:34:43 AM
Quote
Following new last week that billionaire investor Steven Cohen was said to have put money into a hedge fund focusing on crypto, Bitcoin et al. are extending gains today following headlines that BlackRock has formed a team to look into ways to take advantage of the cryptocurrency market and blockchain.
In the last week we have seen the owner of Switzerland’s securities exchange in Zurich say it’s creating a platform for trading digital assets.
Then, according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.
And now, as Financial News reports, the world's largest asset manager will examine whether the manager of $6.3 trillion of assets should invest in Bitcoin futures. It is also reportedly reviewing what competitors are doing with cryptocurrencies and how it would affect its business.
Notably, the formation of the team marks a change for the company after CEO Larry Fink said in October cryptocurrencies are a speculative platform in Asia and heavily used for money laundering. He has also said Bitcoin and other cryptocurrencies were “far from” being an opportunity for institutional investors, and none of BlackRock’s clients wanted to invest in it, according to Financial News.
And all of this comes after JPMorgan, Fidelity, and CME among others have stepped into the crypto mix.
Bitcoin has spiked back above $6500, back at one-week highs...
And the rest of the crypto space is rising also - led by Bitcoin Cash...
So the big question is - Is the institutional investor finally ready to join the crypto party?
https://www.zerohedge.com/news/2018-07-16/bitcoin-bounces-back-above-6500-after-blackrock-creates-crypto-team
In the last week we have seen the owner of Switzerland’s securities exchange in Zurich say it’s creating a platform for trading digital assets.
Then, according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.
And now, as Financial News reports, the world's largest asset manager will examine whether the manager of $6.3 trillion of assets should invest in Bitcoin futures. It is also reportedly reviewing what competitors are doing with cryptocurrencies and how it would affect its business.
Notably, the formation of the team marks a change for the company after CEO Larry Fink said in October cryptocurrencies are a speculative platform in Asia and heavily used for money laundering. He has also said Bitcoin and other cryptocurrencies were “far from” being an opportunity for institutional investors, and none of BlackRock’s clients wanted to invest in it, according to Financial News.
And all of this comes after JPMorgan, Fidelity, and CME among others have stepped into the crypto mix.
Bitcoin has spiked back above $6500, back at one-week highs...
And the rest of the crypto space is rising also - led by Bitcoin Cash...
So the big question is - Is the institutional investor finally ready to join the crypto party?
https://www.zerohedge.com/news/2018-07-16/bitcoin-bounces-back-above-6500-after-blackrock-creates-crypto-team
....
Here is one explanation for bitcoin's rise above $6500 that I've seen.
Are there other events or circumstances which could explain the recent price appreciation we've witnessed? Do you think this latest rise in bitcoin price will be sustained or are we witnessing a so called "dead cat bounce" where price hikes will be negligible over the long term?
I still suspect the value of bitcoin is being pushed down via market manipulation (and perhaps institutional investors) although I still have no solid evidence for this. It should be mentioned that pushing the price down and scaring HODLers into selling could be the best strategy to create an accumulation stage where institutional investors are able to "buy in" before the next pump and dump phase.
Anyways does anyone have an idea as to what is going on here?
Accurate information https://www.bloomberg.com/news/articles/2018-07-16/blackrock-s-fink-says-clients-have-zero-interest-in-crypto
July 17, 2018, 06:16:49 AM
Quote
Following new last week that billionaire investor Steven Cohen was said to have put money into a hedge fund focusing on crypto, Bitcoin et al. are extending gains today following headlines that BlackRock has formed a team to look into ways to take advantage of the cryptocurrency market and blockchain.
In the last week we have seen the owner of Switzerland’s securities exchange in Zurich say it’s creating a platform for trading digital assets.
Then, according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.
And now, as Financial News reports, the world's largest asset manager will examine whether the manager of $6.3 trillion of assets should invest in Bitcoin futures. It is also reportedly reviewing what competitors are doing with cryptocurrencies and how it would affect its business.
Notably, the formation of the team marks a change for the company after CEO Larry Fink said in October cryptocurrencies are a speculative platform in Asia and heavily used for money laundering. He has also said Bitcoin and other cryptocurrencies were “far from” being an opportunity for institutional investors, and none of BlackRock’s clients wanted to invest in it, according to Financial News.
And all of this comes after JPMorgan, Fidelity, and CME among others have stepped into the crypto mix.
Bitcoin has spiked back above $6500, back at one-week highs...
And the rest of the crypto space is rising also - led by Bitcoin Cash...
So the big question is - Is the institutional investor finally ready to join the crypto party?
https://www.zerohedge.com/news/2018-07-16/bitcoin-bounces-back-above-6500-after-blackrock-creates-crypto-team
In the last week we have seen the owner of Switzerland’s securities exchange in Zurich say it’s creating a platform for trading digital assets.
Then, according to Fortune, none other than billionaire Steve Cohen has decided to join the bitcoin party and has invested in a Autonomous Partners, a relatively new hedge fund that is acquiring both cryptocurrencies and blockchain-related companies.
And now, as Financial News reports, the world's largest asset manager will examine whether the manager of $6.3 trillion of assets should invest in Bitcoin futures. It is also reportedly reviewing what competitors are doing with cryptocurrencies and how it would affect its business.
Notably, the formation of the team marks a change for the company after CEO Larry Fink said in October cryptocurrencies are a speculative platform in Asia and heavily used for money laundering. He has also said Bitcoin and other cryptocurrencies were “far from” being an opportunity for institutional investors, and none of BlackRock’s clients wanted to invest in it, according to Financial News.
And all of this comes after JPMorgan, Fidelity, and CME among others have stepped into the crypto mix.
Bitcoin has spiked back above $6500, back at one-week highs...
And the rest of the crypto space is rising also - led by Bitcoin Cash...
So the big question is - Is the institutional investor finally ready to join the crypto party?
https://www.zerohedge.com/news/2018-07-16/bitcoin-bounces-back-above-6500-after-blackrock-creates-crypto-team
....
Here is one explanation for bitcoin's rise above $6500 that I've seen.
Are there other events or circumstances which could explain the recent price appreciation we've witnessed? Do you think this latest rise in bitcoin price will be sustained or are we witnessing a so called "dead cat bounce" where price hikes will be negligible over the long term?
I still suspect the value of bitcoin is being pushed down via market manipulation (and perhaps institutional investors) although I still have no solid evidence for this. It should be mentioned that pushing the price down and scaring HODLers into selling could be the best strategy to create an accumulation stage where institutional investors are able to "buy in" before the next pump and dump phase.
Anyways does anyone have an idea as to what is going on here?
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