What Do Five Successful Businessmen Think about Bitcoin 434

Bitcoin is not only world`s biggest digital currency but also a rather fluctuating instrument.
Opinions on Bitcoin perspectives are different. For some people Bitcoin is a synonym for future, for others it is a bubble that can collapse at any moment. The Coin Shark collected and analyzed opinions of the most successful leaders on the market.

1. Bill Gates

American entrepreneur, social activist, founder of the company Microsoft and the richest man on the Earth has his opinion about Bitcoin:

“Well, Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and of course for large transactions currency can get pretty inconvenient”.

2.  Warren Buffett

Legendary entrepreneur, the most important investor in the world,Warren Buffett warned the public that Bitcoin holders can suffer from this crypto-trend and expected the digital currency to collapse soon.

“In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending…When it happens or how or anything else, I don’t know”, – he said.

3. Richard Branson

British businessman and investor, founder of Virgin Group corporation that unites more than 400 companies, takes the seventh place in the list of Britain’s richest people. His capital is estimated to be $ 4,9 billion. So that is what Richard thinks about Bitcoin:

“I think it is working. There will be other currencies like it that may be even better, but in the meantime there’s a big industry around bitcoin. You know, people have made fortunes out of Bitcoin, some people have lost money out of Bitcoin.”

4. Steve Wozniak

American computer scientist that is famous as a co-founder of «Apple» has recently reported that he had got rid of all his BTC:

“I don’t want to be one of those people who watches and watches it and cares about the number,” – said Wozniak during the panel. “I don’t want that kind of care in my life. “I’ve never been into money in any way. I’ve never used Apple’s stock app, I don’t buy and sell stock.”

5. Tom Lee

Wall-street analyst and co-founder of Fundstrat Global Advisors Tom Lee became even more positive, expecting Bitcoin rate to reach as much as $ 25 thousand in 2018.

Before the expert said that Bitcoin is likely to cost $ 25 thousand only around 2022, however now he claims that the cryptocurrency can reach this mark by the end of the year. In 2022 expects to purchase Bitcoin for $125 thousand.

According to him, the lowest price this year will be $ 9 thousand, so Lee recommend buying Bitcoin “aggressively” before its rate rises again.

By the way, recently Lee said that now is the best time to buy the altcoins.

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The Viewers of Adult Videos on Pornhub Will Receive Cryptocurrency Rewards 184

Pornhub

The company Tube8, owned by the popular adult entertainment site Pornhub, is planning to move onto blockchain and tokenize the platform completely. To do so, it will be cooperating with Vice Industry Token.

The visitors of the Tube8 will soon get a chance to receive tokens for performing certain activities on the platform.

The purpose of this upgrade is mainly keeping the viewers. The representatives of Tube8 believe that a regular viewer just watches a couple of videos and leaves, whereas if he/she can potentially be rewarded for doing this, it will be encourage the person to register an account or at least return to the site afterwards.

We would like to remind you that Pornhub has recently started accepting crypto as a payment option for its premium account.

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Will Bitcoin ETF Soon Be Replaced by ETN? 222

Bitcoin ETN

The news about the possible Bitcoin ETF has been all over the place recently. Some people support it, some people don’t. Anyway the official decision upon it is delayed until September, and experts believe that it actually won’t be taken until March of 2019.

However, this is not the end for Bitcoin investments. There is another option which is quite similar. More and more companies are now considering running an ETN (exchange traded notes, whereas ETF stands for exchange traded funds).

For example, in Sweden only, the ETN has already outrun the volume of ETFs in the US. According to the experts’ estimates, it might soon be introduced in America bringing investors a more liquid and effective tool to purchase BTC.

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Buterin, Winklevoss and Others: The Future of the Digital Currency World According to Major Crypto Personalities 944

experts opinions on crypto

The crypto world has entered the new stage of its development, it has always been volatile, but these couple of weeks have been absolutely crazy: coins are jumping up and down, Bitcoin ETF is on its way, blockchain is taking over the world.

No doubt, crypto specialists and financial experts have a lot to say. Today we came up with a compilation of sayings from the stars of the cryptocurrency universe that we found particularly interesting and important.

The CEO of the crypto exchange Gemini, Tyler Winklevoss believes that the acceptance of cryptocurrency in the world as a means of payment equal to fiat will not happen in the next couple of years:

The vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail-driven market. This will change over time, but it will take time.

Pantera Capital’s CEO is way more optimistic on this issue. He sees great potential in the blockchain technology, and digital coins, according to him, are “superior form of currency.

Ethereum’s founder Vitalik Buterin wants cryptocurrencies to become more user-friendly and common in the everyday life. He also thinks it may become possible only in case the proper regulatory framework for crypto is developed by the state governments.

I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash,” he said.

The last, but certainly not least, is the CEO of BitMEX, Arthur Hayes, who has some serious doubts concerning Ethereum. According to his calculations, the price of the world’s #2 coin will drop lower than $100.

It is this moment,” he added, “that Ether goes from a 3-digit to a 2-digit shitcoin.

Although we are sure that experts know what they are talking about, the crypto world is way too unpredictable. We can only wait and see whether the abovementioned predictions turn out to be true or not.

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Andreas Antonopoulos Criticized Bitcoin ETF 723

opinion on bitcoin etf

The well-known author of books about Bitcoin and the founder of his own Bitcoin-business Andreas Antonopoulos published a Youtube video where he expressed his opinion about Bitcoin ETF and explained why they cause so much sensation.

I’m going to burst your bubble. I know a lot of people really want to see an ETF happen because ‘too the moon’ and ‘lambos’ and all that. I think it’s a terrible idea. I still think it’s going to happen… I’m actually against ETFs,” he said.

Antonopoulos explained that he understands why many people are so impressed by the idea of Bitcoin ETF:

Everybody’s so excited about ETFs because what we’ve seen in other markets is that when an ETF becomes available—as we saw in gold—the price really increases dramatically as suddenly that commodity becomes available to a lot more investors and these investors pile on. But the other side of it is that there’s always these claims that the commodities markets are heavily manipulated and opening up these exchange-traded instruments only increases the ability of institutional investors to manipulate—especially [in the case of] large market makers—the prices of commodities, not just in the markets where it’s traded as an ETF but more broadly,” he clarified.


We remind you that the SEC postponed the decision upon Bitcoin ETF until September.

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SEC Sent a Request to Tesla Regarding Tweets of Elon Musk 691

musk wants to make tesla private

The Securities and Exchange Commission (SEC) has sent Tesla Inc. a request concerning its executive director Elon Musk and his messages on Twitter about the plans to privatize the company, reports The New York Times.

The regulator requests information from each of the Tesla directors . The Commission is interested in whether Mask had any actual grounds for such statements, and the SEC intends to find out why such important information was provided to them publicly, via the social network.

Last week, the directors were outraged when the head of Tesla wrote details of the deal to transfer Tesla from a publicly traded company to a private company.

The representatives of Tesla were sure that Elon Musk was “out of control” and asked him to stop discussing the situation in the company on Twitter. Nevertheless, Mask continued to publish messages on the social network, publicly revealing the details of the company’s strategy and issuing “dubious” information.

We remind you that Twitter has recently begun blocking accounts containing the name of Elon Musk.

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The Former CEO of Paypal: Bitcoin Is Eventually Going to Go A Whole Lot Closer to Zero 701

bitcoin's future is not bright

The ex director of Paypal Bill Harris is known for his scepticism and harsh comments aimed at Bitcoin. He even called it “the greatest scam in the history”. This time CNBC interviewed Harris to find out whether his opinion on the world’s #1 digital coin has changed.

According to the businessman, Bitcoin is supposed to be “instant, free, scalable, efficient, secure, globally accepted and useful”, and it fails to fulfill all of those characteristics. Harris believes that there is “no value” in BTC.

He has also mentioned that there is no need in solving the problem of Bitcoin scalability, because we don’t need Bitcoin at all.

Look how difficult it is to get money from one country across the border to another. It’s slow, it’s expensive, it’s all those things. Agree. You don’t need Bitcoin, you don’t need XRP, you don’t need any of that to solve that problem. What you need is faster networks.

Unlike many of his colleagues, Bill Harris has way more trust in conventional fiat currencies due to their relative stability which cannot be said about Bitcoin.

In conclusion he summed up his thoughts by saying:

Bitcoin makes no revenue, no profitability.

Frankly speaking, the current CEO of Paypal Dan Schulman agrees with Harris on this issue, although Paypal might change its opinion on BTC if it becomes more stable.

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