Stunning: New Innovation Will Be Like "Adding Twin Turbos to the Bitcoin Engine" - and Could Send Its Price to $100,000. Learn More...
Billionaire Peter Thiel, of PayPal Holdings Inc. (Nasdaq: PYPL) fame, wants to help bring electronic-trading expertise to the Bitcoin market, according to a May 1 Wall Street Journal report.
Through his Founders Fund investment firm, Thiel invested an undisclosed amount in Tagomi Systems Inc. The startup aims to find the best market to execute large numbers of crypto trading orders at a specific time.
This will help investors avoid paying different prices for crypto on different exchanges.
In March, Thiel said at the Economic Club of New York that he believes Bitcoin could help investors hedge against the world falling apart.
In other cryptocurrency news, investment bank Barclays Plc. (NYSE: BCS) announced that it will not be launching a cryptocurrency trading desk. CEO Jes Staley said that while his firm is looking at business opportunities in the cryptocurrency space, a trading desk dedicated to digital currencies was not in his short-term strategy goals.
The decision - reported in Financial News - puts to bed (for now) long-whispered rumors that the investment bank was poised to make a big splash in Bitcoin trading.
Here is a recap of the top five cryptocurrencies by market cap as of 9:00 a.m. EDT.
|Cryptocurrency||Market Cap||Price||Change (24h)|
|Bitcoin Cash (BCH)||$25,002,180,993||$1,461.65||+11.78%|
Now here's a closer look at today's Money Morning cryptocurrency insight, the most important cryptocurrency updates you need to know...
Money Morning Cryptocurrency Insight of the Day
If you're new to Bitcoin, you might think you've missed out on the big profits. After all, Bitcoin surged as high as $20,000 before falling back to $9,000.
But there are only three words that you need to know if you want to cash in on the next wave: Bitcoin Lightning Network.
Money Morning Cryptocurrency Expert David Zeiler takes you behind the curtain of this once-in-a-generation development and shows you how to make big gains from Bitcoin in 2018.
The Top Cryptocurrency Stories for Wednesday
- TRON (TRX) prices have surged over 200% in the last month, and there's a bold prediction that shows even bigger gains could be on the way. According to an algorithm used by CoinLiker.com, TRX prices are expected to skyrocket to $17.01 by May 2, 2023. From today's price of $0.09, that's a potential 18,800% profit. Here's how to buy coins like TRX using Binance.
- The top automakers in the world are getting in on the blockchain craze. BMW, Ford Motor Co. (NYSE: F), and General Motors Co. (NYSE: GM) announced they will work with startups and other tech companies to create the largest consortium ever dedicated to blockchain in the automotive industry. On Tuesday, these three firms joined Renault, car parts manufacturers Bosch and ZF, and International Business Machines (NYSE: IBM) to create the Mobility Open Blockchain Initiative (MOBI).
- Ripple added a new member to its global network of banks and payment provides. BankDhofar joined RippleNet, which will help the bank enable global cross-border payments, according to CoinDesk.com.
The Shocking Reason Why We Think Bitcoin Could Hit $100,000
Money Morning Defense and Tech Specialist - and cryptocurrency legend - Michael Robinson just revealed the little-known details regarding the future of Bitcoin... and why, at any moment, it could be poised for a record-breaking rebound far beyond anything we've witnessed already.
Michael made a prediction about Bitcoin way back in 2013 - and folks who followed his advice stood to become 253 times richer.
We'd venture to say not one in 10,000 people are aware of the massive profit potential unfolding right now.
Before the mainstream public gets any wiser, you need to see this now.
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