By CCN: According to a new survey commissioned by Blockchain Capital, 11% of American adults hold bitcoin. The results are broken down into people aged 18-34, 35-44, 45-54, 55-64, and 65 and older. Americans Over 65 Know What Bitcoin Is The last group presents the most exciting results, in that they are a group not commonly associated with technology or cryptocurrency at all. However, only 12% of...
By CCN: Spencer Bogart, a partner at crypto investment firm Blockchain Capital, argued in a new blog post that over the next two years Facebook, Telegram, and stablecoins will create the largest on-ramps to crypto that the Bitcoin industry has ever seen. Facebook & Telegram Could Fuel Rabid Crypto Expansion With the on-boarding of two of the largest networks in the world – Facebook and...
Now is the perfect time to buy bitcoin, according to Spencer Bogart, a partner at Blockchain Capital. Speaking to Bloomberg, Bogart was evangelical about bitcoin, calling it “the most compelling asset in the world right now.” Bogart is notoriously bullish, maintaining a $50,000 price target on bitcoin. Why is he so optimistic during the depths of this crypto winter? He pointed a string of...
Bitcoin has lost 80% of its market capitalization amidst a market-wide crash this year. But Spencer Bogart believes the digital currency can still correct up to 1328% from its current value. The Blockchain Capital partner told CNBC that he expects bitcoin to touch $50,000 in the future, similar to what he predicted during the digital currency's famous bull run in 2017. However, this time, Bogart...
The cryptocurrency market capitalization has dropped by $575 billion since its all-time high, and the bitcoin price has dropped by two-thirds since it peaked near $20,000. But a hedge fund manager believes the trend is about to reverse. Spencer Bogart, partner at cryptocurrency and blockchain venture firm Blockchain Capital, predicted a bullish retracement for bitcoin and the rest of the...
In a sign of the shift in attitudes regarding traditional investments and finance, a study conducted by a real estate developer in the United Kingdom has revealed that 27% of male millennials consider bitcoin a better investment than property. According to real estate developer Get Living, part of the reason the particular demographic saw bitcoin as a more attractive investment was the fact that...
The ongoing bitcoin price recovery might be short-lived and prices may suffer another retracement, but falling prices will be temporary and bitcoin remains a solid investment in the near-term. This was the investment opinion of Blockchain Capital partner Spencer Bogart, speaking to Melissa Lee on CNBC's "Fast Money" this week. The venture capitalist, who has consistently maintained that bitcoin...
Blockchain Capital's Spencer Bogart believes in the long-term case for bitcoin, but he's less convinced on altcoins. Despite the fact that bitcoin has dropped below the $8,000 and has suffered its worst three-week performance since Q3 2017, now's not the time to retreat. Bogart, a former equity analyst, told CNBC that investors are getting it wrong and instead of unloading BTC should be kicking...