• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    BlackRock CEO Predicts Bitcoin Could Hit $700,000

    BlackRock CEO Predicts Bitcoin Could Hit $700,000

    Larry Fink Suggests Bitcoin Could Reach $700,000

    Larry Fink Suggests Bitcoin Could Reach $700,000

    SpaceX Confirms $1 Billion Bitcoin Holdings Amid Price Surge

    SpaceX Confirms $1 Billion Bitcoin Holdings Amid Price Surge

    SpaceX Bitcoin Holdings Reach $1 Billion, Musk Silent

    SpaceX Bitcoin Holdings Reach $1 Billion, Musk Silent

    Bitcoin Reaches All-Time High of $125K Amid Market Surge

    Bitcoin Reaches All-Time High of $125K Amid Market Surge

    Bitcoin Surges to New High of $125,000

    Bitcoin Surges to New High of $125,000

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Solana to BNB Transfer Unconfirmed but AVAX and ETF Movements Noted

    Solana to BNB Fund Reports Lack Confirmation

    Unverified Report Claims $111M SOL Moved to BNB

    Unverified Report Claims $111M SOL Moved to BNB

    Tether Launches $200M Tokenized Gold Treasury

    Tether Launches $200M Tokenized Gold Treasury

    Tether Plans $200M Investment in Tokenized Gold Treasury

    Tether Plans $200M Investment in Tokenized Gold Treasury

    Tether's Tokenized Gold Treasury Initiative

    Tether Launches $200M Tokenized Gold Treasury Fund

    Tether Seeks $200 Million for Tokenized Gold Treasury

    Tether Seeks $200 Million for Tokenized Gold Treasury

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Spencer Bogart is “Super Bullish” on crypto, Still a Fan of Bitcoin

Vladimir C. by Vladimir C.
July 26, 2018
in Finance & Blockchain, Latest News
Bitcoin

Spencer Bogart, a partner at Blockchain Capital, has recently declared for CNBC’s Fast Money that he is “super bullish” on crypto. The discussion revolved around the current situation the crypto market is currently in.

Regarding the general Bitcoin market, Spencer Bogart displayed a sense of optimism by stating the following: “I’m super bullish on crypto right now but does that mean that I think that things can’t go lower? It doesn’t – I think the prices are pretty good right now if I was looking to buy something like Bitcoin.”

The investment analyst was also keen to point out that he believes that crypto-hedge funds had a lot to do with the market’s situation in the early part of the year.

“But specifically why prices might go lower we are talking about a fund redemption cycle: so if we go back to the summer of 2017 when crypto prices were booming there was about 100, 200 maybe 300 new crypto hedge funds that were formed…well now here in the summer of 2018 a lot of them are hitting the end of their one year lockup. That means that the LPs in those funds are now looking at a down 50% year and…want to redeem out of that fund.”

Bitcoin still regarded as the best crypto

Bogart also declared that he still believes Bitcoin to be a legitimate buy with “very attractive” prices. One thing that might come as a surprise for some is that Bogart regards Bitcoin as still being the most promising cryptocurrency despite the explosion of new altcoins that are currently flooding the market.

The analyst also made it clear what are the four factors that make Bitcoin the force it is today, namely the “mindshare,” distribution,” SEC regulatory approval and the fact that the currency has shown real-life use cases.

“Bitcoin has the mindshare, the distribution.. almost every major country has a fiat on-ramp where people can use their US dollar their British pound to buy some bitcoin – no other coin has that distribution…. Bitcoin is the only one that has demonstrated its real use case, and traction…people are riding in the cars today with Bitcoin.”

Whether Bitcoin will remain the dominant cryptocurrency on the market remains to be seen. Currently, Bitcoin is enjoying what many think to be the beginning of a full-scale bull run as it managed to surge past the $8,000 mark for the first time since May.

Tags: BitcoinBlockchainBlockchain CapitalCNBCCryptocurrencyFast MoneySpencer Bogart
Previous Post

HitBTC Slammed for Locking Accounts For Months

Next Post

New Petro-Backed Venezuelan Currency to Start Circulating in August

Vladimir C.

Vladimir C.

Related Posts

$111M Transfer from SOL to BNB Unverified

$111M Transfer from SOL to BNB Unverified

by Solomon M.
October 5, 2025

No primary sources confirm $111M moved from Solana to BNB. BlackRock's BTC, ETH outflows noted.

Tether's $200 Million Initiative for Tokenized Gold Treasury

Tether Seeks $200M for Tokenized Gold Initiative

by Solomon M.
October 5, 2025

Tether aims to raise $200 million to establish a digital asset treasury for XAU₮ tokenized gold.

Tether's $200M Funding Initiative for Tokenized Gold

Tether Seeks $200M to Boost Tokenized Gold Initiative

by Solomon M.
October 5, 2025

Tether seeks $200M to expand tokenized gold initiative with new treasury partnership.

Ethereum Stablecoin Supply Tops $165 Billion in Surge

Ethereum Stablecoin Supply Tops $165 Billion in Surge

by Solomon M.
October 5, 2025

Ethereum stablecoin supply surpasses $165 billion, highlighting its dominance in on-chain assets.

Mike Selig Gains Momentum as CFTC Chair Prospect

Mike Selig Gains Momentum as CFTC Chair Prospect

by Joshua T.
October 4, 2025

Mike Selig, with key endorsements, is frontrunner for CFTC Chair, impacting crypto regulations.

REX-Osprey File for 21 Crypto ETFs with Staking Rewards

REX-Osprey File for 21 Crypto ETFs with Staking Rewards

by Solomon M.
October 4, 2025

REX Shares and Osprey Funds submit 21 crypto ETF filings with staking rewards.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.