TagSpencer Bogart

4 Reasons Bitcoin is the World’s ‘Most Compelling Asset’: VC Spencer Bogart

bitcoin spencer bogart

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...

VC : Bitcoin Institutional Infrastructure Only Getting Stronger, Look at Yale

Spencer Bogart, a partner at major cryptocurrency venture capital firm Blockchain Capital, said that the institutional sector of Bitcoin is only getting stronger. Although the valuation of the cryptocurrency market has dropped by 85 percent since achieving $816 billion in January, with the involvement of Nasdaq, Fidelity, NYSE, Bakkt, and large financial institution, the venture capital investor...

VIDEO: Spencer Bogart Maintains his $50k Bullish Target for Bitcoin - "2018 Has Been a Fantastic Year for Bitcoin. Forget Prices"

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...

Bitcoin Price Close to Bottom, Will See $10,000 this Year: Hedge Fund Mgr.

bitcoin price ready to rally

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...

Bitcoin Price Headed to New Highs: Crypto Hedge Fund Manager Spencer Bogart

bitcoin price

We appear to be in the season of predictions as various stakeholders in the bitcoin ecosystem are finding their voices again. The reason for this isn’t far from the recent bullish run of the bitcoin price that has seen it test the $8,500 mark before retracing and trading around the $8,200 mark as at the time of writing. The last time that bitcoin crossed the $8,000 mark before now was in May...

Bitcoin Price Hasn't Found a Bottom [Yet]: Crypto Hedge Fund Manager

bitcoin price

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...

Venture Capitalist Makes a Bullish Call: Bitcoin is a Screaming Buy

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...

Investment Firm Values Bitcoin Price at $848 Over Improving Fundamentals, $2,231 By 2020

Bitcoin buying

Needham & Company, LLC, an investment banking and asset management firm, just bumped the estimated value of bitcoin from $655 to $848, due to faster than expected adoption and improving fundamentals, according to Money Morning. The new estimate, an analysis of the Bitcoin Investment Trust (BIT), follows Needham’s original bitcoin price prediction in March. Spencer Bogart, the author of the...

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