Category Archives: Alex Mashinsky

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Hedge Funds Predict Strong Finish for Bitcoin in 2019

A fresh poll from US comparison website Finder has revealed that the majority of top executives from leading financial technology (fintech) firms and essentially hedge funds believe that Bitcoin price still has some distance to go in 2019, with some believing it will end the year as high as USD 9,650.

In the past two months alone, since the first day of April, Bitcoin price has climbed steadily from USD 4,000 to above USD 8,000, more than doubling in valuation. All this, the poll respondents noted, are happening alongside underperforming mainstream financial markets, as the world’s two biggest economies slug it out over economic issues like trade tariffs.

Celcius Network CEO Alex Mashinsky, sees a strong projection in the long term, believing that even the current arguments of Bitcoin’s vulnerability to manipulation will soon be a thing of the past when trading moves over to decentralized exchanges.

The main advantage with $BTC is that eventually we will move off centralized exchanges and on to DEX, and all the manipulation will be taken out.

— Alex Mashinsky (@Mashinsky) May 20, 2019

Almost half of the Finder survey respondents said that this had convinced mainstream investors to divert away from temporarily bearish equities to Bitcoin to manage risk. Crypto trading company Kronos’s founder Mark Pimentel, said they used Bitcoin as a safe harbor against mainstream markets, and had made gains out of the price swings:

“The cryptocurrency market is swayed by news and attention, so as Bitcoin begins to rise in price again, more traders enter the market. It is much more likely for these entrants to buy Bitcoin than sell. So this predictably creates price appreciation.”

 

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Will There Be Lambos at the WBF, Crypto’s Big Event of 2018?

The 4th World Blockchain Forum is coming to New York City in November and will be televised on mainstream TV networks including NASDAQ, NETFLIX, and APPLE TV.

The WBF is the second mammoth crypto event to come to New York this year after the Consensus event in the summer. The latest of the new wave of crypto conferences may not offer the glamour of the Futurama Summit in Dubai, with its desert convoys, star-studded yacht party, a bar to drown the sorrows of the most discerning drinkers, fleets of helicopters, hot air balloons, and a massive firework extravaganza. It may lack the Lambos and the hip-hop artists of New York’s latest event, but its founder Zhao Sheng clearly sees such gatherings as enriching the industry and therefore, entirely relevant to its future, he said:

“We are witnessing an unprecedented digital migration of wealth onto blockchains of various forms so we need to start working towards a global blockchain industry consensus. And the best way to achieve consensus is to gather all stakeholders together within an ecosystem founded on consensus, which is why we organize the World Blockchain Forum.”

The WBF planned for the 8/9 November will include a TV event, a hackathon, a job fair, and presentations and panel discussions featuring leading innovators from across the cryptocurrency industry with the organizers inviting crypto skeptics to join the event and express their concerns to those industry experts in the know.

So far, Zhao Sheng, who promises that this will be the blockchain event of 2018, is expecting a range of well-known speakers at the event, including Celsius Network Founder & CEO Alex Mashinsky, Agentic Group Founder Rik Willard and Everipedia Founder Mahbod Moghadam. The organizers have said that they wish to bridge “the Eastern and Western worlds in an interactive setting,” adding that:

“The conference will discuss the current state and future prospects of the blockchain, including trends, opportunities, challenges, regulations and their long-term implications.”

More than 2,500 people are expected to be in attendance, to include representatives of 150+ companies and 200+ speakers who are experts from blockchain finance, cryptocurrency, token economics and consensus, Ethereum apps, the EOS ecosystem, the future of crypto, and AI trading.

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