The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Finance Guru Says Bitcoin (BTC) Could Hit $8 Million – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Cardano

by Daily Hodl Staff
May 31, 2019
in Altcoins

[the_ad id=”36860″]

From Bitcoin’s potential to hit $8 million to Ripple’s mass movements of XRP, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Best-selling finance author, managing director of Formula Capital and one of the top 10 influencers on LinkedIn, James Altucher, says he still believes Bitcoin can hit $1 million – and $8 million per BTC is not out of the question.

Altucher, who once predicted Bitcoin would hit $1 million by 2020, told The Street he’s adjusted his timeline.

“How much paper currency is out there? It’s about $200 trillion dollars out in the world, and there is only about $200 billion dollars of cryptocurrency. So that is 100,000% from here.

So that could give Bitcoin a price of $8 million dollars, so $1 million dollars is even a discount to where bitcoin could eventually go. When it gets there, who knows.”

[the_ad id=”36860″]

Meanwhile, Galaxy Digital CEO Mike Novogratz, who said Bitcoin would move higher in mid-March, just before the start of the current rally, now says he expects BTC to trend sideways from $7,000 to $10,000 for a while, reports Bloomberg.

“On a go-forward basis, Bitcoin probably consolidates somewhere between $7,000 and $10,000. You know, trees don’t grow to the sky. If I’m wrong on that, I think I’m wrong to the upside, that there’s enough excitement and momentum that it could carry through.”

Ethereum

Big Four accounting giant Deloitte is testing its new Ethereum-based data management platform with three Irish banks.

“The Institute of Banking (IoB), Bank of Ireland, AIB, Ulster Bank and Deloitte are collaborating in developing a new financial services industry education platform based on blockchain technology.

The new platform is a first in the European financial services industry and will support the verification, tracking, direct access to, and management of, regulatory and other professional designations, education qualifications and lifelong learning credentials.”

The platform is designed to lead to lower costs and reduced risk throughout the banking industry.

[the_ad id=”36860″]

Ripple and XRP

Crypto whale watchers are tracking large movements of XRP from Ripple. The biggest single transfer sent 61.9 million XRP to an unknown wallet.

? ? 61,975,000 #XRP (27,603,147 USD) transferred from Ripple to unknown wallet

Tx: https://t.co/Z6KmtoxRME

— Whale Alert (@whale_alert) May 30, 2019

The transfer is likely a sale of XRP to an undisclosed third party. Ripple owns more than half the total supply of XRP. Each month, the company unlocks one billion of its XRP from escrow, sells a portion and returns the remainder to escrow.

Litecoin

Litecoin hodlers are thoroughly enjoying a clip of a CNBC anchor joking that Litecoin is so hot this year that people should,

“Sell the house! Sell the car! Sell the kids! Buy Litecoin!”  

Will #Bitcoin sizzle or fizzle this summer after racing 130% higher so far this year? Our traders discuss. pic.twitter.com/LYEDSKfVJd

— CNBC's Fast Money (@CNBCFastMoney) May 28, 2019

Litecoin Foundation director Franklyn Richards recently warned traders not to get too hyped.

“Price has by far and away run away from any on chain metrics, meaning while this growth is positive it is not currently sustainable and we could see a pullback. Otherwise, we may risk finding ourselves in another bubble scenario sooner than we realize.”

[the_ad id=”36860″]

Stellar

A new podcast featuring IBM’s former head of blockchain Jesse Lund is out.

The interview was recorded right before Lund and IBM parted ways for undisclosed reasons. IBM says it’s still moving full steam ahead with its Stellar-powered World Wire platform, which Lund helped create.

Cardano

Cardano creator Charles Hoskinson’s recent interview on YouTube’s NostrADAmus is now online.

The two talk about the status of Cardano’s development and what the smart contract platform is designed to achieve.

[the_ad id=”36860″]

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Meme Fans Eye El Hippo (HIPP) As Floki Inu (FLOKI) Price Dips
    September 19, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
  • Xsolla Launches Mall, an Online Destination for Video Games
    September 18, 2023
  • BlockchainSpace Debuts Polygon-Based Community Rewards Platform, YEY, With Philippine Telco Giant at FIBA 2023
    September 14, 2023
  • OKX Switch McLaren MCL60 Race Car to Stealth Mode for the Singapore Grand Prix
    September 14, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,658.14
$26,658.14
1.56%
Ethereum
$1,590.53
$1,590.53
2.25%
Cardano
$0.24821
$0.24821
1.56%
XRP
$0.505941
$0.505941
1.41%
Dogecoin
$0.06172
$0.06172
0.61%

Spotlight

  • Bitcoin Printing Fakeout Rally Into Death Cross, Says Top Crypto Analyst Benjamin Cowen – Here Are His Targets
    September 14, 2023
  • Bloomberg Analyst Issues Bitcoin Warning, Says BTC Has Hit ‘Exit Signal’ and Could Go Even Lower
    September 14, 2023
  • Two Ethereum Rivals Overtake Cardano on One Critical Metric, Says Crypto Analytics Firm Santiment
    September 14, 2023
  • Arthur Hayes Says Bitcoin (BTC) and Crypto Can Rise With or Without the Fed’s Money Printer
    September 14, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl