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August 11th, 2017- In This Issue:


BITCOIN PRICE ALERT! BITCOIN UP 3% @ $3,545 headed to test $3,600 

We need to close above $3,600 or rally may die. Although we expect much higher prices as we approach the 2 mb software upgrade in November, we aren't convinced that the market is ready to take the next step, just yet. 

It is our opinion that the price will consolidate between $3,200 -$3,500 if we don't break out above $3,600 today with accompanying volume. 

Long term investors should still be adding at every opportunity, look for dips and be sure to take advantage of the 20% discounts offered at www.bitvestira.com & www.bitvestmint.com


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)





This is why bitcoin could be the new gold: Tom Lee

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Tom Lee, Fundstrat Global Advisors, gives his take on why bitcoin has potential to be more valuable than gold. The "Fast Money" traders weigh in.






Bitcoin Tops $3,500, Commentators Forecast Pause and Bigger Rise



Bitcoin is firmly settling around $3,500 Friday as momentum builds to keep the virtual currency above the highly significant threshold.

Data from multiple tickers including  Cointelegraph's ticker Coinmarketcap  and  BitcoinTicker.co  show Bitcoin crossing the $3,500 mark before coming down slightly towards $3,450.




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Bitcoin is either an enormous bubble or has a lot further to run. Financial forecasters are weighing in on the cryptocurrency, trying to divine where bitcoin's price is headed, now that it sits at around $3,400, up from around $600 a year ago.

Here are the arguments for bitcoin hitting $5,000-or higher.





Fidelity users can now track their bitcoin and cryptocurrency investments alongside more traditional assets.

Announced today, the company's R&D and innovation unit, Fidelity Labs, is formally partnering with cryptocurrency startup  Coinbase to make the feature available.  Fidelity customers must already have a Coinbase account to take advantage of the service, which will be rolled out to users starting tomorrow.

The move effectively  formalizes work Fidelity CEO Abby Johnson first teased months ago at CoinDesk's Consensus 2017 conference.

As such, Fidelity's Hadley Stern, a senior vice president and managing director, built on the narrative put forth by Johnson in her speech, framing the move as part of the company's inquisitive outlook on the new tech.




Crypto Asset Firm Launches Investable Index for Top 30 Cryptocurrencies


One of the cryptocurrency world's more tenured fund managers is launching two new products aimed at bringing the emerging asset class mainstream.

Revealed exclusively to CoinDesk, Tim Enneking's  Crypto Asset Management is today releasing a new product called CAMCrypto30 -  a cryptocurrency index designed to mirror the 30 largest cryptocurrencies by market capitalization. In addition, the firm also announced a new, investable share class for the fund, which will track the cryptocurrencies listed in the index.



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