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September 14, 2021

This Crucial Price Level May Determine Fate of Bitcoin for the Rest of 2021, According to Analyst Justin Bennett

Crypto analyst and trader Justin Bennett says one price level for Bitcoin could determine what happens to BTC the rest of the year.

The closely followed strategist tells his 67,000 followers that he thinks a correction to the $40,000 range for Bitcoin seems logical, and that whatever happens after BTC hits that level could say a lot.


Pantera Capital's Latest Crypto Fund Has Raised $369M Since July

The blockchain fund is meant to be Pantera's omnibus crypto investment vehicle. It deploys into startup equity, early stage protocol tokens and more well-known digital assets, such as bitcoin, according to an investor deck.

Pantera held $4.7 billion in assets under management on Aug. 31, according to the deck. The raise comes as other venture capital (VC) titans announce major funds for crypto investments. Top among them is Andreessen Horowitz's (a16z) $2.2 billion fund, its third for crypto bets, that was announced in June.


'SEC Will Stop at Nothing to Control Entire Crypto Space,' Says Former Federal Prosecutor

Coinbase revealed late Tuesday that the SEC has threatened to sue the company over its lending product. "The SEC told us they consider Lend to involve a security, but wouldn't say why or how they'd reached that conclusion," the Nasdaq-listed crypto exchange said.


RETAIL INVESTORS WILL DRIVE A $1 MILLION BITCOIN PRICE

To HODL bitcoin is to love bitcoin. And love, being the primary experience which we were set upon this earth for, should be spread like pollen in the wind.

If you truly love the people around you, you need to be educating them about bitcoin. Every single time a negative event occurs that is a direct result of the fiat standard that we live in, they must be reminded of this. Knowledge is power, and in a society with a crumbling monetary system, power is key to maintaining stability for your loved ones.


EL SALVADOR'S HISTORICAL ADOPTION COULD SEND BITCOIN PAST $100,000

It's been a whirlwind week in bitcoin as El Salvador officially started accepting bitcoin as legal tender, giving citizens $30 worth of bitcoin each and paving the way for further adoption around the globe. Global behemoths like McDonald's and Starbucks started accepting bitcoin in the country, who knows maybe they'll start doing the same elsewhere in the near future.

Of course, all was not well this week, despite it being what can only be considered a historic week for bitcoin. On the same day El Salvadorans queued to receive their bitcoin and start using it across the country, bitcoin saw a dramatic tumble which many consider a coordinated effort to undermine the currency. Here's what happened this week in bitcoin.


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Does Bitcoin's recent flash crash mean Warren Buffett is right to hate crypto?

After a bully first quarter of 2021 that led to an all-time Bitcoin peak of $64,000 per unit in mid-April, the world's leading digital currency now hovers around $45,000, thanks in large part to a Tuesday flash crash of roughly 15%.

Holdout investors who only a couple of weeks ago may have thought they'd missed an opportunity of a lifetime are now sighing with relief; meanwhile, those who bought in at the peak are trying not to think about their losses.


How the Battle for Bitcoin ETFs Is Shaping Up

Securities and Exchange Commission Chair Gary Gensler signaled recently that he's open to the idea of a crypto ETF. Though Bitcoin and other cryptocurrencies can be easily bought on financial platforms like Robinhood (ticker: HOOD) and PayPal (PYPL), an ETF would eliminate the hassle of managing digital wallets and allow investors to integrate the digital currency into their portfolios.


Bitcoin Could 'Go up Significantly,' Says CIO of World's Largest Asset Manager Blackrock

Rick Rieder, Blackrock's chief investment officer (CIO) of Global Fixed Income, was asked Friday in an interview with CNBC about his view on bitcoin now that the cryptocurrency is legal tender in a country.

Blackrock is the world's largest asset manager, with about $9.5 trillion in assets under management (AUM) at the end of the second quarter. Rieder is also the firm's head of the Fundamental Fixed Income business and head of the Global Allocation Investment Team. He is responsible for roughly $2.4 trillion in assets.


Public Pension Funds In Virginia Keen on Getting More Direct Exposure to Cryptocurrencies

The strong performance of digital assets this year has attracted the attention of several traditional funds in the market. News in the town is that several public pension funds in Virginia are seeking more direct exposure to cryptocurrencies.

The Fairfax County Police Officers Retirement System and Fairfax County Employees' Retirement System are reportedly planning a $50 million investment in Parataxis Capital Management LLC's main fund, which buys several cryptocurrencies and digital assets derivatives. Of course, this will be subject to board approvals.


Standard Chartered Analysts Forecasts Bitcoin Price Hitting $100k by Year End

It is not uncommon to find mainstream market strategists issue opinions on the price valuations of digital currencies, as the cryptocurrency industry is now in the limelight. According to a Reuters report, analysts from the multinational bank, Standard Chartered, are expecting the price of Bitcoin (BTC) to close in the year 2021 with a high of $100,000. Per the report, the timeline to achieve this may span to early 2022 with the potential for the digital currency to soar toward a $175,000 price target in the long term.

Operating through a new crypto research unit, the Standard Chartered analysts, led by Geoffrey Kendrick also have a positive forecast for Ethereum (ETH). The bank said it "structurally" projects the price of Ethereum to trade within the range of $26,000-$35,000, however, that feat will be bolstered with Bitcoin changing hands at $175,000.