There has been a lot of speculation following the FCC’s decision to repeal net neutrality. The Internet looks to be on track to becoming a deregulated, decentralized marketplace. Ring any bells? Bitcoin, the leading cryptocurrency, has also been in the headlines recently with its fluctuating value. Some analysts have begun to wonder whether a decentralized currency will flourish or falter in a decentralized market. Bitcoin’s value has recently exploded to past $17,000 USD per coin. Bitcoin Cash, a subsidiary currency (split after a hard fork), has also risen in value, but more to the tune of north of $1,000. Still, the rise in cryptocurrency value has been significant in and of itself. … [Read more...]

Mike Novogratz, a well-known successful hedge fund manager, believes that Bitcoin will finish the year at a $10,000 valuation. The popular cryptocurrency recently peaked at just over $11,000, which Novogratz feels is a scratch on the surface of a highly lucrative market. The former Fortress Investment Group manager is so confident in Bitcoin, he started a $500 million fund to invest in cryptocurrencies. His eyes are also on Ethereum, which he believes will trade at $600 come the end of 2017. Novogratz likened Bitcoin to gold because we give it value as a society. Since it has a limited supply, it is given even more value, especially as more and more Bitcoins are mined. As with any … [Read more...]