Tag Archives: Street

Cryptocurrency Price Surge Could Boost GPU Sales, Says Wall Street Analyst

Prices increases in ethereum, monero and other cryptocurrencies could spark a sales boost for makers of graphics cards (GPUs), according to one Wall Street analyst who covers the market. In a research note to clients over the weekend, Mitch Steves of RBC Capital Markets argued that recent double-digit percentage increases in prices for some cryptocurrencies […]

Bitcoin Prices Stabilize, Wall Street Poised For December Futures Influx

CME Group will launch its pioneering Bitcoin futures trading by mid-December, its CEO confirmed to the media Monday. Speaking to CNBC as part of its Power Lunch segment, Terry Duffy hinted that the planned launch date was now “sometime in the second week” of next month. The remarks appear to have taken the shakiness out […]

Wall Street Exec Sued for Role in Fraudulent Cryptocurrency Mining Scheme

Four investors in GAW Miners have sued Stuart A. Fraser for his role at the defunct crypto business, following a guilty plea of wire fraud by his longtime partner, Josh Garza. In a complaint first filed in the U.S. District Court for Connecticut last year, the plaintiffs accused Fraser, GAW Miners, and ZenMiner of violating federal and […]

‘Dr. Doom’ Roubini Joins Wall Street Chorus Calling Bitcoin a Bubble

Another influential financial commentator is disparaging cryptocurrencies amid a run-up in prices. In an interview with Business Insider Poland, Nouriel Roubini, an economics professor at New York University’s Stern School of Business, expressed bearish views on bitcoin and its brethren, calling the ongoing price gains “a gigantic speculative bubble.” Roubini, who earned the nickname Dr. […]

First Wall Street strategist to embrace bitcoin and call for rally is now ‘cautious’

The only major Wall Street strategist with an official price forecast for bitcoin turned “cautious” as the digital currency soared above $7,000 to record highs. We are “cautious short-term on bitcoin,” Fundstrat co-founder Tom Lee said in a Thursday report. He said bitcoin has gained far more than fundamentals warrant right now. Fundstrat’s model for […]

One of the Biggest Bitcoin Bulls on Wall Street Just Turned Cautious

Fundstrat Global Advisors head of research Thomas J. Lee, who previously called for bitcoin to hit $6,000 by the middle of 2018 and $25,000 by 2022, has turned cautious after the recent rally “on contemporaneous fundamentals.” Lee says the roughly 60 percent surge in the past month to more than $7,000 is a result of […]

Bitcoin Hits $7,000 as Wall Street Interest Gets Real

The price of the digital currency bitcoin smashed through the $7,000 mark for the first time on Thursday, another milestone for the surging asset. The ascent was short-lived, though, and bitcoin quickly slipped back below that mark. Early Thursday, bitcoin was trading at $6,894, according to CoinDesk. It had traded as high as $7,351 earlier in the day. The… […]

Does Bitcoin Really Need Wall Street?

The expectation that Bitcoin’s price will increase rapidly once institutional money starts flowing into the cryptocurrency, has resulted in a lot of Bitcoin holders eagerly awaiting Wall Street’s formal entry in the crypto-markets. But does Bitcoin really need Wall Street? Fraud in the FX markets Global banks have paid over $10 bln in penalties to […]

Wall Street Hedge Funds Rush to Cryptocurrencies, 90 Bitcoin-Like This Year Alone

Finance Autonomous Next, a leading financial technology (fintech) research provider, disclosed to CNBC how 124 hedge funds are invested in crypto assets such as bitcoin. With over 2 billion USD under management, it appears, despite some well-documented Wall Street naysayers, the world’s most popular cryptocurrency is convincing money managers the time is […]

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