Goldman: Bitcoin Could Be Headed To $7,941
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Bitcoin Blasts Off Above $6,600 – Only $493,400 To Go…
In yet another truly absurd leg higher…
‘It’s Enron In The Making’: Prince Alwaleed Says Bitcoin ‘Is Just Going To’ Up And ‘Implode One Day’
“I just don’t believe in this Bitcoin thing, I think – I think – it’s just going to implode one day.”
Frowny Emoji: Bitcoin Falls Most In A Month On CFTC ICO Jitters
Well, Bitcoin is now down something like 9% from highs hit just a few days ago, underscoring just how volatile things are in the land of make-believe space tokens.
Goldman Asks: ‘Is Bitcoin The New Gold?’
“An understanding of the physical nature of Bitcoin allows us to revisit our previous analysis of the physical characteristics of precious metals, comparing and contrasting them with cryptocurrencies.”
As Dimon Shrugs Off ‘Stupid’ Bitcoin Buyers, One Bank Asks: ‘What Is A Bubble?’
“The dot com bubble had the internet. A constant theme of bubbles is the ability of speculators to shout that dreaded cry “this time it’s different.” Logical arguments against the bubble can then be disregarded as speculators declare that the doubters simply do not understand that the world has changed.”
UBS: Bitcoin Selloff Was Worse Than Weimar, Crypto Will ‘Never’ Be True Currency
“For context, Bitcoin’s collapse in value in early September was worse than the collapse in the value of the German mark at the start of the Weimar hyperinflation.”
It’s Time For JPMorgan To Start Trading Bitcoin
Well unless cross-asset volatility picks up in a hurry, it looks like the irony for JPMorgan is that they might want to consider following Goldman over to the crypto “dark side”…
Kenneth Rogoff: Bitcoin Will ‘Collapse.’ Oh, And Putin Is Worried Too.
“My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse.”
BlackRock Won’t Touch Bitcoin, But They’ll Gladly Sell You An ETF Nightmare
“…to all the Bitcoin fans and crypto-crazies out there, I’ve got good news: I’m siding with you on this one.”
Blankfein: Goldman Isn’t ‘Endorsing Bitcoin’ – Until They Decide How Profitable It Will Be
“Still thinking about #Bitcoin.”
Goldman To Start Bitcoin Trading Operation: WSJ
“In response to client interest in digital currencies we are exploring how best to serve them in this space.”
Dimon Renews Assault On The Religion Of Bitcoin: ‘It’s Worth Nothing.’
“Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down.”
Okay, Bitcoin Fans – Riddle Me This…
“It’s also important to emphasize that, like any bubble based on the Greater Fool Theory, there’s no logical limit to how far it can rise, so fighting the bubble could be just as foolhardy as investing in it.”
‘I’m Inclined To Say It’s Going To Zero’: No Chance Bitcoin Replaces The Dollar
“So is a single Bitcoin worth $500,000, $5,000, $500 or $0? I’m inclined to say $0, especially if Bitcoin’s value depends on it being adopted as a global digital currency to replace dollars. There is no chance whatsoever that Bitcoin can displace the dollar, for the simple reason that it is badly designed.”
Bitcoin, Cryptodollars, Gold, Seedy Saloons, Gunfights, And Wampum
“It’s the millennial’s wild west. Like all generations, they’ve discovered a new frontier, with few rules, seedy saloons, gunfights, corpses. As our earthly unknowns disappear, we find new ones in the ether. “
Bitcoin Avengers Assemble! B.I.S. Says Central Banks Should Create Their Own Cryptocurrencies
If the crypto crowd wasn’t already incensed enough after a week that saw Bitcoin collapse as much as 30% on signs that China is deadly serious about Beijing’s ongoing shakedown in the space and after Jamie Dimon delivered a truly scathing critique of what he’s calling a “fraud” that’s destined to “blow up,” they can now add the B.I.S. to their list of adversaries.
Bitcoin In Free Fall: The Beginning Of The End?
All you had to know was that governments will do what governments have always done when faced with an existential threat.
Bitcoin, Meet Gandalf: Kolanovic Says Cryptocurrencies May Be Pyramid Schemes
Apparently, some folks at JPMorgan were listening when Jamie Dimon threatened to fire anyone caught trading Bitcoin for “being stupid,” because none other than Gandalf himself is out with a new note on cryptocurrencies and he doesn’t paint a particularly flattering picture.Â
‘They’ll Close It Down.’ Jamie Dimon’s Ruthlessly Realistic Bitcoin Call
“Wait until someone gets hurt. They’d close it down. That’s my point.”
Jamie Dimon Calls Bitcoin A ‘Fraud’ That Will ‘Blow Up’
DIMON: WOULD FIRE ANY TRADER TRADING BITCOIN FOR BEING STUPID
Currency Havens For Millennials – And No, Not Bitcoin…
“Sure, they’re unlikely to seek shelter in Bitcoin and other cryptocurrencies just yet, not even Millennials. But they may well prefer a haven basket that includes more”…
Bitcoin-Buying ‘Shoeshine Boys’ & Retail Stock Investors Should Take Note Of This Move…
“If shoeshine boys aren’t giving stock tips these days, it’s because they’re too busy trading the Bitcoin fork.”
Spot The Horse: Is Bitcoin Going To $500k?
Will his views prove correct? I don’t know. I just thought they would be nice to share. His thinking requires the ability to imagine the world as a much different place. Is he mad, or genius? You decide. But I will remind you of one thing – “poor people are crazy, the rich are just eccentric.â€
Bitcoin And Tesla: The ‘Two Poster Children Of Speculative Froth’
“And this next statement is where I am going to get myself into some trouble. I don’t think this speculation was healthy. I don’t view either of these themes as particularly well thought out. Yeah, I know Musk is going to change the world, and we will all be paying for our TSLA Model 3’s in bitcoin. Don’t bother trying to convert me. I think both of these assets are legitimate technologies, but both are priced for an unrealistic reality.”
The Simple Reason One Fund Manager Likes Bitcoin
“diversification among the various flavors of state-sponsored fiat currency offers little protection from the fiscal and monetary profligacy that could eventually threaten each of these currencies.”
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