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February 14th, 2018- In This Issue:

BITCOIN PRICE ALERT! Bitcoin Up 9.48% @ $9,389.00

Finally a close above $9,000, seems like only yesterday when bitcoin went under $6,000 that bitcoin was reported to be dead again. 

" The  rumors of my death  are greatly exaggerated" 
Bitcoin er. M ark Twain :)

Congratulations to all the smart investors that jumped at the chance to buy at such a discount.  We're expecting to see $10k any minute/hour/day now.

Its our opinion that we will continue the uptrend and expect to see prices back above $15k by the end of April. Let's check back 1st week of May to see if our crystal ball is working again, was on the fritz there for a bit..

Look for Coinbase's announcement that they have completed the segwit integration to be the impetus for the move above $15k. 

Looking out a bit further, we think that the Lightning Network announcements may be what it takes to get us back above $20k.

Hopefully the worst is behind us, but if it does dip again.... BUY THE DIP!

As always, buy the dips, hold on to your bitcoins for as long as you can and spread the word. Tell your friends, your relatives and anyone else who will stand around long enough to listen about Bitcoins, believe me you will be doing them a huge favor.

Visit BitvestIRA for information on using your IRA to invest in bitcoin at 20% below spot price. Or call us directly with any questions at 1-844-BIT-VEST (1-844-248-8378)

Next Bitcoin Bull Run to Occur in 2 Weeks: Pantera

As  bitcoin , the world's largest  cryptocurrency  by  market capitalization , continues to rebound from its lows reached last week, one  hedge fund  manager expects a major price surge right around the corner. 

In an interview with CNBC, Pantera Capital founder and  Chief Executive Officer  Dan Morehead  made  bullish  calls on bitcoin and the cryptocurrency market in general, suggesting that despite a decline that coincided with a larger market  sell-off , the digital currency space is back on track to rake in returns for investors. 

"We're certainly aware that it's a very speculative market," said Morehead. "Its volatile on the upside, but it can be volatile on the downside." 

71-Day Countdown

The cryptocurrency enthusiast noted that bitcoin had a 64% fall from its peak around $20,000 to its recent trough, "and that's exactly the average decline in the bitcoin market over the last seven bear-market cycles." Adding that while "the past doesn't predict the future," Morehead indicated that the dip seems like the right correction for the digital currency based on historical price fluctuations. 

Further Regulation Welcome

Bitcoin investors, who are used to major price fluctuations, should also gain from the entrance of  institutional investors  into the market, according to the Pantera founder. "There's such an institutional appetite to get exposure to this. It's a half-a-trillion-dollar  asset class

Bitcoin Sees Bull Reversal Ahead of 
Chinese New Year

Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport.

Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends to drop in the run-up to the event.

Boosting such fears this year is bitcoin's (BTC) recent inability to move above $9,000 in a convincing manner. Since Feb. 10, the cryptocurrency has been restricted to a narrow range of $8,000 to $9,000, shows CoinDesk's  Bitcoin Price Index (BPI).

Still, historical data indicates the probability of bitcoin reporting gains this month is high.

Year 2012 2013 2014 2015 2016 2017 2018
% Gain/Loss in Feb -9.76 65.17 -31.49 16.25 18.11 23.57
% Gain/Loss in Jan 15.72 54.53 9.70 -32.43 -14.48 -0.24 -26.88

January was a good month for bitcoin during the three year period of 2012-2014, while the performance was mixed in February.


However, since 2015 a clear pattern has been established: BTC drops in January and gains value in February.


The 26 percent decline seen in January this year is the second biggest monthly drop since 2015. Going by the pattern seen in the last three years, the cryptocurrency could see gains this month.


Cryptocurrency Market Could Hit $1 trillion In 2018, Bitcoin Price May Go High Up To $50,000

According to the latest bitcoin news posted on CNBC, cryptocurrency market may hit a market cap of $1 Trillion this year and Bitcoin price may touch $50,000.

Cryptocurrency experts are keeping their fingers crossed about the value of these digital assets in toppling over the trillion-dollar mark in the aftermath of a violent sell-off. The price of Bitcoin dropped below $6000 recently and was trading at $8200 at the time of publishing this article.

Such instances caused $550 billion in getting wiped off from the crypto market in value. Industry insiders are however painting a completely different picture much to the delight of cryptocurrency enthusiasts worldwide.

Thomas Glucksmann, the head of APAC business development at Gatecoin, a cryptocurrency exchange, revealed to CNBC via an email on Tuesday that,

"Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market's rebound and push cryptocurrency prices to all new highs this year. There is no reason why we couldn't see bitcoin pushing $50,000 by December."

The technology advancements referenced by Glucksmann include bitcoin's Lightning Network which is expected to boost up transaction speeds.

"One possible appetizer for the bulls, or the catalyst for the recovery, will be the release of another cryptocurrency backed instrument listed on a major exchange. There are several candidates in the pipeline, it's only a matter of time until we have a cryptocurrency backed ETF (exchange-traded fund)." 

Both CBOE and CME had released Bitcoin futures products last year for aiding in crypto trading. Adena Friedman, the  CEO of Nasdaq revealed to CNBC in a recent interview that the exchange is "continuing to investigate" cryptocurrency futures. The crypto market still has a gap for bitcoin exchange traded fund (ETF) which will track the asset price and allow people to enter into Bitcoin trading without actually having to purchase the digital tokens.

Silicon Valley Legend Tim Draper: 
Bitcoin And Crypto Will Take Over The World

The formidable Silicon Valley venture capitalist became a Bitcoin enthusiast before it was cool. He says he started thinking about digital currencies 15 years ago when he met a guy in South Korea who had bought a virtual sword for his son with regular cash. As currencies proliferated in videogames, Draper started looking for ways to convert one game currency to another.

The moment Draper heard about Bitcoin, he was in. Draper invested $250,000 when the price was at $6. He lost it all in the collapse of the Mt. Gox exchange in 2014, but Draper was not deterred. In the same year, he is reported to have paid less than $20 million for nearly 32,000 Bitcoin auctioned by the U.S. Marshals  Service - coins that had been confiscated from Ross Ulbricht and his online black marketplace, Silk Road. Since then Draper says he has made 40 more crypto investments.

"I don't know why anyone would want to go back to fiat when crypto is distributed, secure and global, while fiat is subject to the whims of political forces," says Draper, 59, who disputes Forbes estimate of his crypto wealth. "I believe that Bitcoin and crypto will drive most of the commerce of the world."

Novogratz Raises $250 Million for 
Crypto Merchant Bank

Mike Novogratz, the former Wall Street macro trader, raised about $250 million for his cryptocurrency merchant bank during one of the biggest routs yet in Bitcoin, according to a person familiar with the deal.

Terry Gou, the billionaire chief executive officer of China's Foxconn, is among the investors in the private placement, said the person, who asked not to be identified because the transaction isn't public. Investors committed to buy shares of Novogratz's firm, Galaxy Digital LP, through a holding company that eventually will trade on Toronto's TSX Venture Exchange, according to the person.

Novogratz, 53, was able to raise money even as prices for Bitcoin, ether and other cryptocurrencies were collapsing from record highs in December. His New York-based merchant bank plans to trade crypto as well as make principal investments, manage assets for other clients and provide advice on blockchain-related ventures.

Unlike in an IPO, Galaxy is raising money privately as part of a series of transactions that will allow it go public without disclosing financial statements. The process also involves a  reverse takeover of a Canadian shell company, Bradmer Pharmaceuticals Inc.

Novogratz announced the private placement and listing plans in a statement last month. Reached by phone Wednesday, he declined to comment. An email sent to Foxconn outside normal business hours in Asia wasn't immediately returned.

Galaxy Digital marks a comeback for Novogratz, who left Fortress Investment Group LLC in 2015 after the macro fund he managed there  lost money. The former Goldman Sachs Group Inc. partner has since reinvented himself as a cryptocurrency investor and champion for blockchain technology.


Bitcoin Will Hit $320,000: Winklevoss Twins

Bitcoin , the world's largest  cryptocurrency  by  market capitalization , could grow up to 40 times its current price, or about $320,000 each, according to Cameron Winklevoss, half of the famous twins known for their role in the creation of  Mark  Zuckerberg 's Facebook Inc. 

At a CNBC-hosted interview at the Milken Institute MENA Summit, Cameron suggested that the cryptocurrency is better than gold across the board when looking at the desirable properties of money. 

"And what makes gold gold?  Scarcity. Bitcoin is actually fixed in supply so it's better than scarce ... it's more portable, its fungible, it's more durable. It sort of equals a better gold across the board," said Cameron. 

Crypto Skeptics Suffer from a 'Failure of the Imagination' According to First Bitcoin Billionaires 

He highlighted the 
digital currency's recent sell-off as a buying opportunity. While early last week bitcoin's market value was around $200 billion, it sank to $100 billion during this week's larger market plunge, slightly recovering toward the end of a week to a value of around $140 billion. At its lowest point this week, the Olympic rower and entrepreneur said investors could be looking at "a potential appreciation of 30 to 40 times because you look at the gold market today, it's a $7 trillion market. And so a lot of people are starting to see that, they recognize the store of value properties. So we think regardless of the price moves in the last few weeks, it's still a very underappreciated asset."

At the time of Cameron's comments, a 40-times price appreciation reflected a bitcoin market cap of about $4 trillion. The twin mentioned that he and his brother Tyler were taking a 10- to 20-year outlook. 

The crypto bulls, credited with becoming the first bitcoin billionaires, took a jab at critics including legendary investor and Berkshire Hathaway Inc.
head  Warren Buffett  and JPMorgan Chase & Co.  CEO  Jamie Dimon. Tyler blamed skepticism on a "failure of the imagination," going on to describe a world where autonomous cars and other devices make micro payments to each other via digital currencies. 

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