Nvidia Crypto Revenue Is Still Weak Following 2018

Nvidia, the Santa Clara-based American technology company, says it’s still suffering from loss of revenue due to the “death of crypto” roughly one year ago.
 Nvidia Is Free… Free-Falling…
In late 2017, bitcoin and other cryptocurrencies made a serious mark on the financial industry by reaching their highest prices to date. Bitcoin, for example, ultimately shot up to about $20,000 per unit after a year of steady gains, but beginning in January, the cryptocurrency began to experience drops that ultimately brought it down to roughly $6,000 by the summertime.
Five months later, come Thanksgiving, bitcoin was trading in the mid-$3,000 range, marking a 70 percent loss of value. Several other coins, such as Ethereum and EOS, fell even further, experiencing losses of roughly 80 or even 90 percent in some cases.
While crypto has been doing better since last April, the tech firm has stated that its revenue hasn’t fully bounced back. In 2017, when crypto was doing well and surging faster than anyone could have predicted, the company was selling graphics cards to individuals and companies alike suddenly interested in the process of “mining” and extracting new coins.
However, those days are long gone, and with the price drops of all mainstream crypto in 2018, Nvidia reports that general interest is down for the count. The company has released its second quarter earnings for the year, and income is still down by approximately 17 percent in comparison with this time during 2018.
The good news is that earnings weren’t as low as analysts initially predicted. Overall, they were expecting something at around $2.54 billion, but income ultimately came in slightly above that at $2.58 billion. As a result, Nvidia stock shares have risen by approximately seven percent in the last 24 hours alone.
The report shows that the company’s gaming products are still the biggest money-makers for Nvidia. Overall, these products have brought in more than $1.3 billion – a massive jump from the $1 billion figure listed during the previous quarter. Gaming products currently account for more than 50 percent of the company’s total sales and revenue.
 Things May Go Back to the Way They Were
However, even the gaming division is suffering financially given that the total is down from $1.8 billion approximately one year ago. Nvidia chief financial officer Colette Kress, however, is confident that the arena will bounce back, especially with the release of Nintendo’s new Switch console (which utilizes Nvidia technology) and the release of laptop products built with Nvidia properties. In addition, the company is also witnessing the release of the “Switch Lite,” which should help to get it back on its feet.
Kress describes Nvidia’s operations as “returning to normal,” which may have to be good enough for the company right now given the implications of the ongoing U.S.-China trade war that’s likely to affect income streams even further.
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New RAT Targeting Cryptocurrencies Discovered by Zscaler ThreatLabz

Zscaler ThreatLabZ analysts have managed to locate a unique type of trojan that overwhelmingly seems to target cryptocurrencies.
In last week’s blog post, analysts from the cyber security firm reveal that they managed to identify a new remote-access trojan (RAT). This new RAT is able to capture the administrative control of the infected computer and scan its entire browsing history for activity which involves crypto, social media, credit card usage and others.
This RAT has been dubbed Saefko and seems to be written in .NET. NET is a software framework developed by Microsoft and is mostly used to develop many different applications with many different functions.
This RAT allows to attackers to do a lot of damage
RATs themselves, are usually contracted if a user opens an email attachment or downloads an app or game which itself has been infected. Since most RATs enable administrative control over the infected computer, the attackers can pretty much do everything.
The attackers can use keystrokes to monitor the user behavior, steal passwords and other confidential information, activate the webcam if one is available, take screenshots, format drives, delete files, spread fake information from the infected user’s social media profiles and many, many more.
Zscaler’s recommendation is rather simply, but effective: “DO NOT, under any circumstances download or open files from sources you do not know or trust.”
Analysts from the cyber security firm also recommend that network admins should block unused ports and turn off unused services while also monitoring outgoing traffic.
Last week, it was reported that the Chinese government espionage cyber unit APT41 are going after cryptocurrency and video-game related businesses.
Researchers from the cybersecurity firm FireEye state that this Chinese government group is usually deployed in order to gather intelligence before major events like mergers, acquisitions or big political events.
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Bakkt Launches Their Bitcoin Futures Next Month

Coinspeaker Bakkt Launches Their Bitcoin Futures Next MonthLast time we wrote of how Bitcoin futures contracts platform Bakkt was going to launch its services in the third quarter of this year, It will become possible thanks to gaining the approval from the NYDFS that would enable it to operate as a limited-purpose firm.CEO of Bakkt, Kelly Loeffler, today announced that Bakkt’s Bitcoin futures and warehouse is to debut already in September 23 when custody and physically-delivered Bitcoin futures contracts are launched. There will be two types of contracts: daily and monthly ones. It’s also impprtant to mention that all this is to be carried out in coopertaion with ICE Futures U.S. and ICE Clear US.In her blog, Loeffler writes on how their contracts finally received the green light from the CFTC via the self-certification process. It is also informed user acceptance testing has been initiated.She explains that Bakkt was designed to bridge the gap between serving retail customers and serving institutional participants. The initial point will be the introduction of a regulated and secure qualified custodian for Bitcoin to support Bakkt’s futures contracts.However, before the digital asset venture can launch its Bitcoin futures offering, the company needs approval for its crypto custody service, Bakkt Warehouse, which is a part of Bakkt Trust Company.Loeffler notes that Bakkt Bitcoin futures contracts will not depend on non-regulated spot markets for settlement prices, but will act as a “transparent price discovery mechanism for the benchmark price for Bitcoin”.Bakkt’s Bitcoin futures will be exchange-traded on ICE Futures U.S. and cleared on ICE Clear US, federally regulated by the CFTC.The Bakkt futures contracts will be taken care of by the guaranty fund at ICE Clear US, that has an established risk outpouring through different commodities markets. A progressive $35 million is being given to the existing guaranty fund with the inclusion of already mentioned new futures contracts. Bakkt Warehouse is, per Loeffler, created in order to provide regulated, secure custody of Bitcoin, protected by $125 million in insurance.Their first goal is to provide safe ecosystem, and in order to do that there is high standard set-up that involves; institutional consent, anti-money laundering measures, settlement prices being differentiated from non-regulated spot prices, overall market lapse, contribution of a guaranty fund and an insurance.This all will be conducted using different trading and risk management tools.Loeffler also remembers Milton Friedman who was always pretty clear about the future of an internet-connected economy during its own beginning back in the 90s.He said:“The one thing that’s missing, but that will soon be developed, is a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A.”It was, says Loeffler, provocative remark at the time that not everybody had immediately noticed. However, just a decade later it was thoroughly followed by the Bitcoin white paper and blockchain.She added that until the launch on September 23, the company will continue its work with market participants to test teh platform.Bitcoin PriceIt’s also worth mentioning that such an announcement has quite a positive impact on teh price of Bitcoin. If yesterday, all the related media was wroting about the decreasing BTC price. Coinspeaker has reported about the negative trends as well. After dropping below $10,000, BTC has started to gain its value again. At the time of writing after gaining over 4% within 24 hours, Bitcoin is trading at $10, 506.Bakkt Launches Their Bitcoin Futures Next Month

No Deal Brexit Will Increase Bitcoin Importance in the Global Economy

Many analysts agree that the looming possibility of a no-deal Brexit, could propel Bitcoin’s price to unexpected heights.
A rather bold prediction comes from the CEO of Commerce Block, Nicholas Gregory. He goes as far out as to state that an eventual no-deal Brexit could fundamentally change Bitcoin’s position in the entire global economy.
The ever-increasing prospect of a no-deal Brexit, recently caused the UK pound to lose value against many other major currencies. As the newly-appointed Brexiteer Boris Johnson stated:
“The United Kingdom will do or die and eventually leave the European Union on the 31st of October 2019.”
An eventual no-deal departure would without a doubt cause a lot of chaos on the global markets. Turmoil and volatility across many major currencies should be expected in most cases. There is also the eventual possibility that an identity crisis for the global system is triggered as many other major global fiat currencies are “exposed”.
Most crypto experts believe that this will even further increase bitcoin’s value as digital gold. The crypto safe haven will become the undisputed favorite among investors who are looking to weather the storm and its prices will spike dramatically.
The safe haven status of bitcoin will without a doubt be cemented after 2019. With the United States elections and the increasing tensions in the China US trade wars, many investors will without a doubt look to bitcoin and other cryptocurrencies.
It’s also interesting to note that a lot of experts believe central banks money printing could finally be stopped in its tracks.
This is mainly due to the fact that cryptocurrencies have now grown to a state that they have become a viable alternative to the endless debt-fueled, money-priting slavery banking system designed to destabilize the global economy and prevent real growth.
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Win a Lamborghini With Leading Bitcoin Faucet FreeBitco.in’s Golden Ticket Contest

Coinspeaker Win a Lamborghini With Leading Bitcoin Faucet FreeBitco.in’s Golden Ticket ContestNoone can deny the fact that the legendary Lamborghini, as a world widely known car brand, stands for prestige and guarantees high visual status for its drivers. In the recent years of cryptocyrrency revolution, the luxury brand of Lamborghini has become the emblem of success for many crypto enthusiasts, who managed to earn millions of dollars on this young, but rapidly growing field.With an exclusive opportunity granted by a long-standing bitcoin faucet site FreeBitco.in, any crypto user, even the one who has just started his way to success, can win the prestigeous car and join those lucky owners right now just by taking part in the company’s ongoing Golden Ticket Contest. For those who don’t dream of owing a Lamborghini, FreeBitco.in will present an amount of money in crypto worth of $250,000, which equals the car price.According to a well-established stereotype mostly spread among aspiring crypto enthusiasts, purchasing a Lamborghini means reaching the peak of success in the crypto world. At the Coindesk 2018 Consensus Conference, a selection of Lamborghini vehicles were lined up outside the New York Hilton, Midtown, making many eyes sparkling in jealousy and inspiring newcomers.The Golden Ticket Contest was announced by FreeBitco.in on the 1st of May 2019. Its CEO stated:“Owning a Lamborghini is a crypto-enthusiasts dream, and we could not think of a better prize to reward our users for supporting the novel technology of cryptocurrency through its ups and downs.”FreeBitco.in has its roots set in the early Bitcoin faucet first set up by “The Man Who Built Bitcoin”, Gavin Andersen. In 2010, Andersen became the founder of the world’s first Bitcoin faucet – a website where users could access free BTC which further initiated the wider adoption of the world’s most popular cryptocurrency.By 2013, when two years had passed since The Bitcoin Faucet dispensed the last of its 19,715 bitcoins, there appeared a gap, which was needed to be filled. This was where FreeBitco.in entered the game. Currently, the website is already six years in business, which makes FreeBitco.in the oldest existing bitcoin faucet and one of the industry’s leading premier bitcoin gaming platforms.Due to its provably fair algorithm and unstoppable aspiration to satisfy every user, FreeBitco.in’s popularity grew very rapidly. The company has created a completely trustless ecosystem for online gamblers across the globe. It is now one of the biggest bitcoin casinos around the world with 25.1 million registered users and over 187,000 bitcoins distributed since its launch in 2013.Understanding the growing popularity of Lamborghini for crypto enthusiasts, FreeBitco.in has generously offered its users the most desired and luxury prize – the Lamborghini Huracan. Taking a chance is rather simple. Just make a deposit, play and collect Golden Tickets in a bid to win not just the high-status symbol car, but the high status of a crypto winner. More than 3 million Golden Tickets have already been distributed.There are three simple steps on the way to become the owner of the Lamborghini Huracan. Firstly, register and create an account with FreeBitco.in. Secondly, collect free BTC or deposit BTC into the FreeBitco.in wallet. And, finally, bet on events or play the HI-LO dice game.Users receive a golden ticket for every 000.5 BTC wagered in total (on both the dice game and on the event betting page). Golden Tickets can also be bought for 25,000 satoshis each.The lucky winner will be picked from a fair lottery drawing and although only an unlimited number of golden tickets are available to collect, users can collect as many as they like to increase their chances of winning a Lamborghini.Win a Lamborghini With Leading Bitcoin Faucet FreeBitco.in’s Golden Ticket Contest

Court: Craig Wright’s Motion for Judgment in Kleiman v. Wright is “Non-Credible”

Coinspeaker Court: Craig Wright’s Motion for Judgment in Kleiman v. Wright is “Non-Credible”According to a court filing from August 15, Florida judge denied a request made by Craig Wright to scamper a lawsuit filed against him because of his past testimony and his credibility before the court.Just remind you what’s this all about. Back in February 2018, the crypto entrepreneur and self-proclaimed Bitcoin inventor Craig Wright was sued for allegedly misappropriating billions of dollars’ worth of crypto estate. Ira Kleiman then sued Wright on behalf of the estate owned by his brother, the late Dave Kleiman.The suit states that Wright schemed to grab Dave’s Bitcoins and his rights to a specific intellectual property linked with the Bitcoin technology. Kleiman is seeking the return of 1.1 million Bitcoins mined by the two or its fair current market value. He also seeks compensation for extensive IP infringement.Wright has also filed court documents in an effort to show that he held a trust deed with the estate. Lawyer Stephen Palley claimed that these documents were faked in virtue of the document’s metadata. He said the original document uses a Microsoft font that was copyrighted in 2015, while the document is from 2012.In June, Craig Wright admitted that he could not comply with a court order to list his early BTC addresses. According to him, he cannot easily retrieve the data because he shared a critical component for accessing the funds and wallets with Kleiman prior to his death.Wright tried to present some pieces of evidence of the existence of any additional members of one of the plaintiffs, a firm named “W&K Info Defense Research, LLC” (“W&K). He claimed that their existence could prove that the court did not have sufficient evidence. However, he didn’t succeed in this. So, according to the court, “the Defendant has failed to present any credible evidence showing that any of the parties he suggests are members of W&K.”The Court also noted that the Wright made several conflicting statements regarding even his own ownership of W&K:“At the Hearing, Defendant argued that the Court cannot both rely upon and find that the statements and evidence provided by himare untrue. SeeECF No. [256], at 100:6-9 (“Judge, if everything’s a lie, then thestuff they rely on when Wright files a contract, or when Wrightmakes a statement, can’t be credited either.”).”Judge called Wright’s argument “a novel”. She said Wright seems to be arguing that even though his numerous conflicting statements are the very reason confusion has been created as to the ownership of W&K, the Court should nonetheless use these statements as a basis to challenge the Court’s subject matter jurisdiction.She added:“In essence, the Defendant uses the evidence proffered as both his sword and his shield. Unfortunately, the record is replete with instances in which the Defendant has proffered conflicting sworn testimony before this Court. In weighing the evidence, the Court simply does not find the Defendant’s testimony to be credible. As for the remaining “extrinsic evidence,” none of the evidence demonstrates additional membership in W&K other than Dave Kleiman.”In short, Wright’s motion to dismiss is denied. This case will remain in Florida federal court and Twitter, of course, went nuts.British entrepreneur and investor Alistair Milne said:Craig Wright caught submitting forged evidence (again) *and* defending it as legitimate in his testimony…(Perjury:noun"the offence of wilfully telling an untruth or making a misrepresentation under oath.") pic.twitter.com/UJvQEMFYXi— Alistair Milne (@alistairmilne) August 13, 2019It has been a bad couple of weeks for Craig Wright:– UK Libel case against @rogerkver tossed out, claim of damages deemed 'entirely speculative'– @PeterMcCormack's lawyers tell CSW's lawyers that 'the allegation of lying is synonymous with your client'— Alistair Milne (@alistairmilne) August 15, 2019Some even compared it to Putin’s statements:Vladimir Putin, April 16, 2015: “I can tell you outright and unequivocally that there are no Russian troops in Ukraine.”#CraigWright Just because you say it doesn't make it truth, even if you say it over and over.— COINdication (@COINdicationcom) August 14, 2019While eToro‘s Mati Greenspan showed his opinion in the comments below:Federal Judge says Craig Wright is a fraud. https://t.co/ChlvOu9Lu2— Mati Greenspan (@MatiGreenspan) August 15, 2019Court: Craig Wright’s Motion for Judgment in Kleiman v. Wright is “Non-Credible”

Monty Mumford: Don’t Store a Private Key on Your Computer

A BBC tech journalist recently reported losing roughly $30,000 USD in crypto funds for not securing his private key(s).
The Private Key Is… Key…
To say cryptocurrency is a tricky business would be an understatement. The arena, given its growth and expansion over the last year or so, has ultimately opened the door to several hackers and malicious actors that seek to take funds that aren’t theirs or that they didn’t earn. Through SIM-swapping, phony initial coin offerings (ICOs) and standard malware or cyberattacks, the routes to obtaining funds illicitly are plentiful, and they continue to plague the industry even today.
The journalist – who goes by the name Monty Mumford – used a company called myetherwallet.com to store his ether tokens. After allowing it to grow to its present size, he ultimately opened his account one day to see that it had all disappeared overnight.
As it turns out, he had stored his private key in his email drafts so that he could always get to it when it was needed. At press time, it’s not clear how the funds were taken, but some are suggesting that the cloud service on his computer was infiltrated by the hacker (or hackers). This allowed them to “get inside,” view the draft in his email and attain the key from there.
In an article for the BBC, Mumford explains that he ultimately found his funds were transferred to an account on Binance. He thus contacted the exchange to get the ball rolling and see if he could find out where to go from there, but the experience was, as he describes, a “Kafkaesque nightmare.” He writes:
 Binance wouldn’t disclose anything until it had been contacted by law enforcement, so I went to the Action Fraud website, reported my case, and obtained a crime number, but six months passed with no news on my stolen investments, so I went on the offensive and contacted US bounty hunters Cipher Blade who work with the FBI in Philadelphia to pinpoint thieves and track them down – in exchange for a percentage of the bounty. They discovered that my money had been deposited by the thief (or thieves) in a ‘consolidation wallet’ then divided up into chunks and sent to four different deposit addresses on the Binance exchange.
 How to Avoid Similar Situations
From there, the journalist was forced to contact police authorities who said that they would investigate the matter and see about obtaining IP addresses or any other personal information the hackers may have left behind. They would then contact Binance to see where it could go next in finding the lost funds.
Mumford warns others to “learn from his mistakes.” He says one should always avoid storing their passwords on their computer, as malware can decipher keystrokes and find one’s private keys.
The post Monty Mumford: Don’t Store a Private Key on Your Computer appeared first on Live Bitcoin News.

Coinbase Custody Acquires Xapo and Becomes the Largest Crypto Custodian

Coinspeaker Coinbase Custody Acquires Xapo and Becomes the Largest Crypto CustodianCoinbase just announced that they have acquired Xapo‘s Institutional Business for $55 million. This means that all the customers of Xapo now have to decide whether they want to continue storing their assets with Coinbase.According to the information revealed, the majority of Xapo’s clients have already agreed on transferring their funds to Coinbase. However, if Coinbase succeeds to convince the rest of Xapo’s clients, then the Coinbase Custody will have around 860,000 BTC under their control. That accounts for roughly 4% of the total Bitcoin supply.“This acquisition caps off a tremendous period of growth and innovation for Coinbase Custody. In just over one year since launch, Coinbase Custody has grown to over $7 billion in Assets Under Custody (AUC) stored on behalf of more than 120 clients in 14 different countries, making it the largest, most globally recognized and most trusted institutional custodian in the world,” Coinbase team wrote in their blog.Many experts point out the tremendous growth of Coinbase Custody, which is only a year old, and only two months ago they reported their AUC valued at $1.3 billion. Now, as mentioned above, thanks to this deal, they now control $7 billion in digital assets. However, would this all be possible without the help of Coinbase and its history? If there were not such strong support from Coinbase, it wouldn’t have been possible. This is normal for a company of that scale to expand in such fast moves.Coinbase now claims that they will have more than 120 clients from more than 14 different countries.Additionally, CoinSpeaker has already reported all the details about this deal. It was in May and it was already known that Coinbase would most likely acquire Xapo for around $50 million (it turned out to be $55 million). However, the most interesting thing about this deal is that, now Coinbase has finally strengthened their positions in the market.Previously we have reported that back then Coinbase was really concerned about Fidelity Digital Assets, a firm which recently entered the industry and considered it as the main competitor. Now, after acquiring Xapo, it’s safe to say that Coinbase Custody is the leading crypto custodian.Xapo was founded in 2014. It provided BTC wallet and cold storage vault services. The company declared that it holds $10 billion in crypto assets for its more than 1.5 million customers around the world. Xapo had obtained $5.5 billion of assets under custody that reflects to around 700,000 Bitcoin which now got acquired by Coinbase. When looking at these numbers, it would more make sense if Xapo acquired Coinbase Custody, not the other way around. Coinbase Custody Acquires Xapo and Becomes the Largest Crypto Custodian

Binance is Yet Again Available on iOS

Coinspeaker Binance is Yet Again Available on iOSAfter several repeated demands from the crypto community, the Binance trading app is available yet again on the iOS platform. Despite Binance rolling-out other updates continuously on its platform, there was a constant demand for its trading app.A full-fledged trading app brings flexibility to users’ to instantly trade their favorite digital assets at their fingertips. Some of the Binance community members have called this an extremely bearish step and will help more users to set up trades and participate in the market.The wait is over! The #Binance 📱iOS APP is back! https://t.co/h0gH63mRhf👆👆👆👆👆👆Download it here!— Binance (@binance) August 16, 2019After the relaunch, some of the users posted pictures of using the Binance app on the iPhone. After being un-operational for quite some time, the relaunch has finally encouraged users for market participation.And it was definitely an important step for Binance. But we can’t consider it to be a step forward, as in some sense, it is even a step back, back to something that they used to have. What is the main significance of it? Now Binance has much more chances to retain its existing clients.First of all, not all community members, according to the information revealed, were ready to sit quietly waiting for the nest days to come. Some of them started to switch to some other crypto trading platforms that provide them an opportunity to conveniently trade on their smartphones.For example, one of the crypto community members shared that he started to use the services of the Huobi platform as its app was available for iOS smartphone owners when Binance apps were no longer accessible for them.Secondly, even if users were not ready for changing the platform, it doesn’t mean that they were completely satisfied with the situation, which definitely could influence the level of trust. Some community members even asked the exchange to apologize for the inconvenience that appeared as a result of the app absence.But now the problem is solved. The community doesn’t need to wait for the app to come back. Nevertheless, it’s worth mentioning that in the context of their disappointment, traders tried to demand some other updates as well. One of them was the availability of Binance services in the United States. And now we can say that their prayers have been heard by some forces.Binance Services in the USAs Coinspeaker has recently reported, Binance CEO Changpeng Zhao shared quite interesting information in his recent interview. CZ assured that Binance US-division will launch in the next two months. but noted that “there are a lot of things in flux”.It was already announced previously that Binance will be launching its platform in partnership with BAM Trading Services that is a FinCEN regulated trading service, however, it doesn’t have a BitLicense from New York State Department of Financial Services (NYDFS).Binance is Yet Again Available on iOS

Fundstrat’s Tom Lee: Bitcoin Is a Safe Haven for Investors

Coinspeaker Fundstrat’s Tom Lee: Bitcoin Is a Safe Haven for InvestorsThrough recent weeks (and months), we were witnessing debate whether Bitcoin (BTC) is better than fiat, same as gold, worse than both or just a safe haven for investors. With the latter agrees crypto analyst Tom Lee.But let’s start from the beginning. Last week was pretty bearish for Bitcoin. Yesterday the world’s biggest cryptocurrency again fell below $10,000 but however, at the time of writing there was a rise of 1.24% to $10,103.25.But, it was not just Bitcoin, it was all the cryptocurrencies, but also all the main indexes as Dow and Nasdaq as well.However, Thomas Lee, a crypto analyst at investment advisor Fundstrat, has no doubt that the fact that the price of Bitcoin goes up exactly where the instability is, means that the cryptocurrency is a safe haven.He said:“You can see it in the markets. Where there’s turmoil, the local bitcoin prices tend to surge and trade at a premium because people are trying to find ways to protect their money. So yes [it is a safe haven].”Lee speaks about recent news coming from troubled areas as are Hong Kong and Argentina where Bitcoin price was caught having premiums of 10 percent in Argentina and 4 percent in Hong Kong.The main claim is that you have to look at the picture long-term and not just day-to-day. Just for example BTC’s value has more than tripled since the end of 2018. It is not related to stocks and bonds in any means and that makes it a good “diversification hedge.”Lee also confirmed that BTC $10,000 is the FOMO level, but that institutional investors seem to be still unsure of coming off of the sidelines.Hi @joanaGodinho it was great speaking with Stuart @Varneyco today on bitcoin, which we see as a macro hedge, and why we want to buy stocks here, especially given panic over inverted curves… #BTD#BTFD#invertedcurves https://t.co/eEp2qmCYc6— Thomas Lee (@fundstrat) August 15, 2019In the interview he gave, Lee predicts a bold future for Bitcoin, claiming that the cryptocurrency may reach its highest price ever before 2019 ends.Lee, however, wasn’t always right. Last year he went pretty bullish saying that BTC will reach $25,000 and – we all saw how this turned out. Even though he backed off a little he is still convinced that Bitcoin could show amazing results in 2019 (almost similar to its record in 2017), saying he doesn’t want to miss out.He said:“I think it’s going to be much higher by the end of the year and potentially at new all-time highs. I think anyone who wants to have a 2 percent or 1 percent allocation to bitcoin as a hedge against a lot of things that could go wrong it’s a smart bet.”Lee recently said to investors to “back up the trucks and buy assets” before they missed out on a big buying opportunity.He explained that there at least 5 signs that have happened recently and might have generated an average return for the market of 12% in the last six months of a year.According to him, those signs include Fed making its 1st rate cut and since 1971, mean 6M gain. Then, the Cboe Volatility Index, known as the VIX, term structure (1M-4M) inverted. Daily RSI fell below 30, and 6 of the last 6 saw S&P 500 gain sharply. The 3% 1-day drop is usually a sign of panic, since 2009 and let’s not forget that a measure of market sentiment shows that the number of bulls less bears is – 26, since 1987.Fundstrat’s Tom Lee: Bitcoin Is a Safe Haven for Investors