Bitcoin Energy Value may Help Push Price Even Higher

9m
beincrypto

dee

33m
beincrypto

Sony’s PS5 Event Delay Isn’t Irking Gamers – And That’s a Great Thing

39m
cryptonewmedia

How Can We Address the Cybersecurity Skills Gap? |

39m
cryptonewmedia

XRP Price Must Shake 30-Month Lows Vs. Bitcoin to Start Rally

39m
cryptonewmedia

KuCoin Partners With Chainalysis to Strengthen Compliance and Security Mechanisms

39m
cryptonewmedia

Cryptocurrency News Roundup for June 1, 2020

39m
beincrypto

OKEx Beacon Mentorship and Masterclass Program to Create Employment Opportunities in Crypto...

1h
newsbtc

Tron (TRX) Price Analysis: Signs of A Strong Rally To $0.02

1h
livebitcoinnews

Bitcoin Goes Above $10K 15 Minutes After President Trump's Speech on Law and Order

2h
cryptoglobe

African-American business leaders on George Floyd |

2h
cryptonewmedia

Japanese Finance Minister May Be Opposed to Lowering Tax on Crypto

2h
cryptonewmedia

2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval

2h
cryptonewmedia

Ethereum Layer-2 Scaling Initial Deployments Successful

2h
beincrypto

Bitcoin Cash Rallies 8%: Here’s Why A Surge To $300 Is Likely

2h
cryptonewmedia

‘Woke’ Khloe Kardashian Desperately Wants to be an Activist

2h
cryptonewmedia

Ethereum Price Analysis: ETH Eyeing More Upsides Above $250

2h
livebitcoinnews

Bitcoin Surges Above $10,000 Registering Almost 6% Growth

2h
cryptonewmedia

Bulls Brace For Fireworks As Bitcoin Breaks $10K, What’s Fueling the Rally?

2h
zycrypto

Cryptographic Tech May Overhaul ID Verification in UK Conveyancing Industry

3h
beincrypto

The Secret, Absurd World of Coronavirus Mask Traders and Middlemen…

3h
cryptonewmedia

Web3 Brands and the Decentralized Renaissance – Cointelegraph Magazine

3h
cryptonewmedia

Ethereum Classic Follows Up on Ethereum with Phoenix Hard Fork

3h
bitcoinnews

US Turmoil and Negative Interest Rates – Billionaire Michael…

4h
cryptonewmedia

Bitcoin About To Enter A Full-Blown Bull Market Based On This...

4h
zycrypto


Mike Novogratz: Where Is ‘Bitcoin-Push’ Money Coming from?

utoday

5mon ago

On Monday, January 13, the price of the flagship cryptocurrency surged to the $8,500 area simultaneously with the news of CME starting off with Bitcoin options trading and overcoming the results of BTC futures on Bakkt on the first day.

At press-time, Bitcoin is sitting at the $8,700 level. The prominent Bitcoin bull and head of Galaxy Digital crypto bank has initiated a discussion on Twitter about the factors that prompted the BTC price to surge.

Earlier today, founder of the Messari agency, Ryan Selkis, offered the crypto community the opportunity to pick a topic for discussion. He asked:

“What should I write about this morning?”

A lot of people rushed in to offer their advice, with Mike Novogratz among them, offering to come up with ideas about where the new money pushing the BTC price up is coming from.

Where is the new money that’s driving price appreciation coming from

In the comment thread, many users suggested their own view, naming various triggers – from institutional investors to the cartel.

ShapeShift CEO Erik Voorhees stated that a price surge does not have to be caused by an inflow of new cash.

“New money” isn’t a prerequisite of prices rising.

Among other requests in response to the Messari CEO’s words ‘what should I write about this morning’, there were a couple of top topics for the crypto community today.

One was the eternal (it seems) argument, why ‘Ethereum is inferior to Ripple/Tron/EOS’. It came from Bitcoiner and ‘Tron troll’ Udi Wertheimer – he suggested that Ryan Selkis writes about ‘why Ripple is better than Ethereum’.

The other day, Tron CEO Justin Sun offered Wertheimer 1 million TRX for improving Tron’s reputation on social media.

Another relevant request came from Forbes contributor Biser Dimitrov – he asked for an explanation for the current pump of the BSV price. At the time of writing, the coin is posting a nearly 52-percent surge.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments