bitcoin futures

Analyst who predicted bitcoin’s rise now sees it hitting $300,000-$400,000

Analyst who predicted bitcoin's rise now sees it hitting $300,000-$400,000 Ronnie Moas in July put a $5,000 price target on bitcoin when it was at $2,600 The founder of Standpoint Research now sees the cryptocurrency rising by another 500 percent Bitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas. "Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I'm looking for another…

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A bubble? We don’t even know how to value Bitcoin

A bubble? We don’t even know how to value Bitcoin Bitcoin is a “speculative mania” according to the governor of the Reserve Bank of Australia. But it’s not so easy to say that Bitcoin is a bubble – we don’t know how to value it. Recent price rises (close to $18,000 in the past three months) may be too great and can’t continue. But the Bitcoin market is only just maturing as an investment and as a currency, and so…

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Bitcoin futures suggest breakneck rise in price to slow

Bitcoin futures suggest breakneck rise in price to slow NEW YORK/LONDON (Reuters) – Newly launched bitcoin futures on Monday suggested that traders expect the cryptocurrency’s blistering price gains to slow in the coming months, even as it blasted above $17,000 to a fresh record high in the spot market. Chicago-based derivatives exchange Cboe Global Markets launched the futures late on Sunday, marking the first time investors could get exposure to the bitcoin market via a large, regulated exchange. The one-month…

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Crypto bull sees bitcoin at $11 500

Crypto bull sees bitcoin at $11 500 The bitcoin bulls are charging. A day after hedge fund manager Mike Novogratz said the cryptocurrency will end the year at US$10 000, Fundstrat’s Thomas Lee doubled his price target to $11 500 by the middle of 2018 — a 40% gain from current levels. Lee, who heads research at Fundstrat, said a 10% pullback earlier this month triggered by the controversial cancellation of an upgrade to bitcoin’s underlying software has set the…

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First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000

First Long-Term LedgerX Bitcoin Option Pegs Price at $10,000 LedgerX just initiated its first long-term bitcoin futures option. Called a Long-Term Equity Anticipation Security (LEAPS), the trade was matched by the platform this morning and is set to expire on December 28, 2018. Under the terms of the deal, the buyer has the right to buy bitcoin at a price of $10,000 at that date, or almost a 30 percent premium on today's price. Yet, because the buyer only makes…

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Won’t Let Bitcoin Go to Zero – CME Chief Quells Fears Ahead of December Bitcoin Futures Launch

Won’t Let Bitcoin Go to Zero – CME Chief Quells Fears Ahead of December Bitcoin Futures Launch Bitcoin futures contracts are scheduled to launch in one month on the world’s largest derivatives exchange, and market analysts have nothing to fear. That’s according to Terry Duffy, chairman and CEO of the Chicago-based CME Group, which will soon become the first licensed U.S. derivatives exchange to list bitcoin futures contracts. Speaking with CNBC, Duffy revealed that CME plans to launch bitcoin futures…

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