Why cryptocurrency and Bitcoin isn't "Tulip mania". Analyst is responsible

Date:

2018-10-04 08:00:07

Views:

3621

Rating:

1Like 0Dislike

Share:

Why cryptocurrency and Bitcoin isn't Source:

Assessment of Coinbase exchange in $ 8 billion suggests that cryptocurrencies are another example of "Tulip revolution". Since there is the first financial bubble bursting in the 19th century. This was stated by the former Manager of hedge Fund Fortress, Mike Novogratz.

Assessment Coinbase received in the course of the transaction with investment firm Tiger Global, the main bullish signal for the market over the last month, I'm sure Novogratz. In the course of the agreement the cryptocurrency exchange is recognized as one of the most expensive startups of the United States. It is planned that Tiger Global invest in the platform about $ 500 million.

the

Why cryptocurrency is not a bubble. The analyst

Here is the best example which demonstrates the viability of the cryptocurrency industry — valuation of Coinbase at $ 8 billion. Tiger — brilliant investors, it's a smart, smart guys.

Novogratz Also said that next year institutional investors will actively invest in the cryptocurrency. The basis for this will be the arrival on the market of the giants like Microsoft and Starbucks, who had previously provided a platform Baktt for transactions with cryptocurrency.

Another reason the so-called FOMO syndrome — investors are afraid to lose their benefits of the rapidly developing market. If this prediction will not come true and the funds will not come to the stock market next year, Novogratz has promised not to wear shoes during the month, according to .

In July the General Director of the trading platform eToro Yoni Assia , the market cryptowall is overrated. They have a lot more prospects than burst in the nineties. Then he compared digital assets from Apple in 2001 after the release of the iPod and iBook, the company's shares rose sharply. The manufacturer quickly became one of the most expensive firms in the world. According to Assia, blockchain projects waiting for the same future.

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

The Ethereum will not fall: the authors of the ICO projects exchanged almost all the coins for Fiat

The Ethereum will not fall: the authors of the ICO projects exchanged almost all the coins for Fiat

ICO project is unlikely to affect the course of Ethereum, and even more so to unleash it. Most of the startups that caught the coins during the initial placement of the tokens already sold them for Fiat currency. This is stated in...

Dispel myths: masternode and hyperinflation

Dispel myths: masternode and hyperinflation

Masternode equally represent madness, myths and hopes. When you hear from someone about masternode, you will never believe in the word. Opinions are divided on the pros and cons. Here we try to dispel the myths that surround this ...

The way up: 12 convincing reasons why Ethereum will grow

The way up: 12 convincing reasons why Ethereum will grow

Ethereum is a very versatile platform, whose prospects are almost limitless. So says lane Rettig, founder . In his recent publication on Rettig led 12 evidence that for Ethereum everything is just beginning. The conversation goes ...

Bots are increasingly manipulated exchange rates of cryptocurrencies. Should you be afraid of?

Bots are increasingly manipulated exchange rates of cryptocurrencies. Should you be afraid of?

In cryptocurrency market are many scams. Participants with varying degrees of success trying to get unscrupulous players, but this time the blow came from where did not wait. It turned out that along with the crooks of large funds...

Down with centralization: how the new algorithm ProgPoW will help in the fight against ASIC mining

Down with centralization: how the new algorithm ProgPoW will help in the fight against ASIC mining

the Team EOS Classic recently reported on the status of implementation of the algorithm ProgPoW in Geth, the official Go client for the Ethereum. It happened almost immediately after the head of security Ethereum Foundation Martin...

What's wrong with the WSJ investigation on money laundering through crypto currency exchange? Expert commentary

What's wrong with the WSJ investigation on money laundering through crypto currency exchange? Expert commentary

on the Eve edition of the Wall Street Journal in its investigation cryptocurrency exchange ShapeShift is one of the biggest culprits in laundering criminal money through coins. A few days later the CEO of trading platform Eric Voo...

Looking for bitcoins: when entering New Zealand by border guards require a password from the smartphone and laptop

Looking for bitcoins: when entering New Zealand by border guards require a password from the smartphone and laptop

recently, the customs departments of Australia and New Zealand came into force new restrictions for entering the country. Now the customs officers will be forced to select passwords from smartphones and laptops. Those who refuse t...

The developers Siacoin will hold hardwork against ASIC miners from Bitmain. But not so smooth

The developers Siacoin will hold hardwork against ASIC miners from Bitmain. But not so smooth

the Developers of the coin Siacoin (SC) announced a hard forks for exclusion from the network ASIC miners from Bitmain and Innosilicon. The upgrade to version 1.3.6 is scheduled on 31 October, said in a statement. Originally, the ...

Analyze graphs: should I buy Ethereum Classic this week?

Analyze graphs: should I buy Ethereum Classic this week?

Ethereum Classic soon may rise against the dollar. At least, this is indicated by technical indicators 1-hour chart of cryptocurrency. the Overall situation looks like this: the the the price of the asset konsolidiruyutsya just a...

Mont crypto: in Paris opened an exhibition of the tenth anniversary of Bitcoin

Mont crypto: in Paris opened an exhibition of the tenth anniversary of Bitcoin

Bitcoin will Soon be 10 years old. In honor of this event, artists from around the world arranged the first exhibition dedicated entirely to cryptocurrencies. It will be held in France. About it writes . the Exhibition opened on 2...

A detailed review of the platform Minerstat mining OS. Characteristics, configuration and fine work with the system

A detailed review of the platform Minerstat mining OS. Characteristics, configuration and fine work with the system

Over the past couple of years, mining has evolved considerably. Now this is not just an interesting hobby for the geeks, but also a promising business direction. Now in the niche is born a lot of really cool projects for mining ma...

Good dog: Dogecoin is preparing for a new leap to the moon

Good dog: Dogecoin is preparing for a new leap to the moon

Even if the previous week did not bring us any interesting news with trading Dogecoin fronts, from that day things can change. Dogecoin managed to please investors with unexpected growth, but the coin still have potential bullish ...

Monero launch website to protect against covert mining. How it will work?

Monero launch website to protect against covert mining. How it will work?

the Developers of the coin will launch a new educational website which will help data center owners and others to protect their money from scammers and to calculate and malware on your computer or smartphone. This writes with refe...

A Chinese billionaire has ceased to invest in the ICO and blockchain startups. Why?

A Chinese billionaire has ceased to invest in the ICO and blockchain startups. Why?

Chinese billionaire and founder of the venture capital Fund BitFund Whether Saali ceased to invest in the blockchain startups and ICO projects. He stated in his blog platform Weibo. The message drew the attention of the employees ...

The release of xRapid. What was the reaction rate of the Ripple?

The release of xRapid. What was the reaction rate of the Ripple?

After several months of development team Ripple has finally unveiled one of the most anticipated products — xRapid. Now the cryptocurrency can be used more effectively for cross-border payments. In addition, xRapid should be the m...

The end of mining? The government wants to establish a norm for consumption

The end of mining? The government wants to establish a norm for consumption

Russia may be a social norm of electricity consumption, above which the cost of energy will rise sharply. This is stated in the project of the Ministry of energy and Ministry of economy, which has endorsed Deputy Prime Minister Dm...

To sum it up: the best and worst investments September

To sum it up: the best and worst investments September

September was a good month for the stock market. After a slight pullback in mid-August, things became worse, and cryptocurrency rushed to search for a new bottom. September 12 was the worst day in 2018 — then the market capitaliza...

Ripple rocket: when a coin jumps to one dollar?

Ripple rocket: when a coin jumps to one dollar?

From a fundamental point of view, Ripple, experienced a lot of events in the upcoming month. Also this month will release xRapid, and the cryptocurrency even appear on the Forex market. A detailed analysis of the market status of ...