Bitcoin’s Price Problem

Bitcoin price has had a bad run this year. But Fundstrat’s Thomas Lee is still sanguine about the cryptocurrency and implied in his latest note that bitcoin was not correctly priced by the markets. According to him, the fair value of bitcoin is between $13,800 and $14,800. He arrived at this estimate by adding up wallet numbers for the cryptocurrency, usage per account and supply … Continue reading Bitcoin’s Price Problem

Number Of Crypto Users Increased This Year But The Figure For Active Accounts Is Still Small: Study

The second edition of the Global Cryptoasset Benchmarking study from Cambridge University’s business school has good news for the crypto enthusiasts. Even as cryptocurrency markets tested new bottoms during this year, the number of user accounts at crypto-related service providers grew to 139 million, according to the study. The study cautioned that user accounts does not equate to users.  It estimated that 35 million were … Continue reading Number Of Crypto Users Increased This Year But The Figure For Active Accounts Is Still Small: Study

South Korean Crypto Exchange Bithumb Overtakes Binance In Cryptocompare Rankings

South Korea-based Bithumb has overtaken Binance to become the top cryptocurrency exchange by trading volume, according to the latest exchange review by Cryptocompare – a cryptocurrency prices and data site.  Bithumb has average daily trading volume of $1.24 billion while Binance has approximately half of those figures. Chinese cryptocurrency exchange ZB took the third spot with daily trading averages worth $560 million. Based on a … Continue reading South Korean Crypto Exchange Bithumb Overtakes Binance In Cryptocompare Rankings

Why Are Crypto Prices High? New Research Says Shorting Capability Is Key

The rally in cryptocurrency prices in the last three years has been as incredible as it has been mysterious. Without an established framework for valuation, forecasts for cryptocurrency prices have become anyone’s game. Rookies and experts have pontificated about and forecast future cryptocurrency prices. But none has proven correct. A recently-released paper by a researcher at a business school in Australia has an explanation for … Continue reading Why Are Crypto Prices High? New Research Says Shorting Capability Is Key