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Jibin M George

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Daily Crypto news – 14th March,

Basel Committee on Cryptocurrency: The Basel Committee on Banking Supervision warned that cryptocurrency growth has the potential to destabilize the global banking system.

Read more at https://bit.ly/2Jc3JKP

Bitcoin receives major endorsement: Legendary stock market expert, Marc Faber endorsed the cryptocurrency after admitting he made his first purchase of the coin.

Read more at https://bit.ly/2FaUeaP

New Coinbase Custody feature: Coinbase Custody introduced a new feature that provides users instant liquidity on offline funds.

Read more at https://bit.ly/2T6Atou

Joseph Lubin on cryptocurrencies: The co-founder of Ethereum hailed the rise of blockchain and crypto communities, pegging the former as “new trust infrastructure”

Read more at https://bit.ly/2F9Of5O

Ran NeuNer on XRP: Ran NeuNer responded to Anthony Pompliano’s claim of Bitcoin being fast, by saying that XRP was faster.

Read more at https://bit.ly/2u7CQxe

Justin Sun on Bitcoin: Tron’s CEO said Bitcoin and other cryptocurrencies have a bright future, especially since JP Morgan and Facebook joined the bandwagon.

Read more at https://bit.ly/2JbDrrT



Cryptopia secures 35% coins: The New Zealand-based exchange informed users that it had secured custody of 35% of coins on new wallets.

Read more at https://bit.ly/2O7Qk5q

 





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Jibin M George is a graduate in International Relations and Law with a growing interest in the world of cryptocurrency and blockchain technology

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Bitcoin

Bitcoin [BTC] is still going to $100,000, claims Heisenberg Capital’s Max Keiser

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'Bitcoin is still going to $100,000', says Max Keiser
Source: Unsplash

CNBC’s Crypto Trader Ran NeuNer, spoke to Max Keiser, Co-founder of Heisenberg Capital on the sidelines of the Magical Crypto Conference and discussed Bitcoin’s current trends.

Keiser said that he was bullish on Bitcoin in the long term, adding that he would be sticking by his “$100,000” prediction for Bitcoin. He stated,

“I never stopped make price prediction… I said it [Bitcoin] was going to a hundred thousand dollars and it was only a dollar and I said that all publicly… it is still going to a hundred thousand dollars”

He added that the timing of when Bitcoin would reach the mark was not important, but that it would outperform every other asset over the next 15 years. Additionally, he said that timing was only for people who were waiting to buy crypto at a better price and “that is a bad way to approach crypto.”

Keiser displayed his enthusiasm for crypto, commenting that, “Stack Satoshis… Stack SATs… you should be stacking SATs.” Giving his opinion on Bitcoin’s recent rally, Keiser said,



“I think that it goes back to when Federal Reserve issued a statement saying that they’re moving the policy to permanent quantitative easing… which means money printing without end. As you know Bitcoin is hard money, like gold, and it is going to respond well to hyperinflation and hyper-money printing.”

Further, Keiser claimed that Bitcoin bottomed when the Federal Reserve announced this a few weeks ago and that this was due to a couple of reasons. The first being Bitcoin’s upcoming halving which highlights the scarcity of Bitcoin. According to Keiser, the second reason was that the sellers were exhausted. All the above reasons, in totality, contributed to Bitcoin’s price rise, claimed Keiser.

Since Bitcoin has already proven itself as a store of value, Keiser remarked that it would be best to concentrate on Lightning Network, a layer-two scalability solution for Bitcoin and improve it as a medium of exchange.





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