Sentences with phrase «digital currencies analysts»

Not exact matches

But analysts say the rising tide of regulation has weighed on digital currencies, helping to explain heavy losses at the start of 2018.

Analysts haven't been able to figure out exactly how much of AMD's sales strength last year was due to the rise of digital currency mining.

That digital currency has gained more than 28 percent since January 1, which one analyst says is thanks to big - name partnerships and a unique structure that incentivizes investors not to sell.

He said he became curious after an analyst at the firm said he'd bought digital currencies litecoin and ethereum one weekend.

Another benefit: The digital currency's lower transaction fees could save retailers who operate internationally up to 8 percent, Wedbush analyst Gil Luria recently told The New York Times.

Digital currency mining has the potential to boost demand for Intel's processors, said Kevin Cassidy, an analyst at Stifel Nicolaus.

Following Warren Buffet comments, analysts have again started raising questions over the digital currencies potential to work as the medium of exchange.

Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $ 3,915.

Bitcoin investors have been on a wild ride this year, with the digital currency more than doubling, before slumping this week into what technical analysts label a bear market.

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Bitcoin's pace of growth — plus the mere fact that as a digital currency it is not backed by a government or an army — makes more than a few analysts worry that this craze is due for another crash.

U.S. households likely owe $ 25 billion in capital gains taxes for their cryptocurrency holdings, which could result in «massive» selling of the digital currencies into U.S. dollars by the mid-April tax filing deadline, one Wall Street analyst said.

Bitcoin investors have been on a wild ride this year, with the digital currency more than doubling, before slumping this week into what technical analysts label a bear market.

U.S. households likely owe $ 25 billion in capital gains taxes for their cryptocurrency holdings, resulting in «massive» selling of the digital currencies into U.S. dollars by the mid-April tax filing deadline, one Wall Street analyst said.

Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $ 3,915.

Analysts indicate that bitcoin prices are further receiving support from a handful of macroeconomic developments that have helped drive market participants to the digital currency.

«A crucial hurdle» for bitcoin is whether major financial institutions will accept the digital currency as collateral, said Blanch, who is considered by many to be one of the best commodity analysts on Wall Street.

Top industry analyst and the lead researcher at Fundstrat, Tom Lee reckons that the current tax filing deadline in mid-April has been a contributor to the falling prices of digital currencies and tokens.

ETH is not a highly liquid market, and this could have helped accelerated the digital currency's sharp price increases, analysts said.

With US Federal Chair Janet Yellen and Mario Draghi — The European Central Bank President taking keynote turns for their speech in the meeting — the Jackson Hole Symposium that is starting today, analysts will take great notice if the Digital currencies will be replying their expectations.

Experts, traders and analyst believes that the price of the digital currency will continue to rise more.

Tom Lee, the Wall Street strategist covering bitcoin, said bitcoin will reach $ 25,000 this year, while Saxo Bank's analyst Kay Van - Petersen believes the digital currency will cost $ 100,000.

But some analysts think the new fund could bring the digital currency a step closer to broader acceptance by investors.

Yet, in a market filled with digital currencies, analysts say Zcash holds a unique promise due to the potential power of its underlying technology.

That's how market analyst Arthur Hayes describes the enthusiasm ahead of the upcoming launch of a new digital currency called Zcash - and he's not alone.

Financial analyst Gary Shilling called bitcoin a «black box» and that he won't be investing in the digital currency.

Mati Greenspan, senior market analyst at eToro, told Bitcoin Magazine that as digital currencies are becoming increasingly mainstream, the company expects a significant pickup in trading and would consider introducing new digital currencies on eToro, «though nothing is currently set in stone.»

According to the Fundstrat analyst, digital currencies account for nearly 20 percent of all the mainstream investment platforms that include precious metals, stocks, and equities.

Few other analysts, including Steve Bellotti of Digital Currency Holdings, expects bitcoin price to create further price correction before beginning to stabilize in the second part of this year.

Major analysts like Warren Buffett, Goldman Sachs, and Bill Gates has denied investing in bitcoin and other digital currencies, and they warned investors that cryptocurrencies could have a bad ending.

Propelled forward by numerous forces including strong market momentum, rising interest rates and an influx of new money, the digital currency's price could surge to fresh, all - time highs next year, the analysts asserted.

After trading above $ 1,000 for more than two weeks, the bitcoin price has now provided what analysts believe is ample evidence the digital currency's price has established a floor at this level.

Given the current trend of cryptocurrencies, while analysts agree they will recover in the long - term, major digital currencies will likely not be able to make big upward movements in the short - term.

Many analysts and investors in the market have been quoted recently stating that the fork in the digital currency world that occurred to the largest cryptocurrency may result in the price dropping down for a short amount of time well people use their funds to other currencies in the market to safeguard their investments.

Many analysts believe that the recent Bitcoin price increase may drive even more investments into the digital currency.