Latest news with #DavidMarcus
CNBC
29-05-2025
- Business
- CNBC
Bitcoin is becoming the true digital gold we've been talking about: Lightspark CEO David Marcus
David Marcus, Lightspark co-founder and CEO, joins 'Squawk Box' to discuss key takeaways from the Bitcoin 2025 conference, future of bitcoin, Trump family's involvement in crypto, and more.
Yahoo
19-05-2025
- Business
- Yahoo
Bitcoin nears record high as analysts tell market to ‘buckle up'
The price of bitcoin is approaching a new all-time high after rising more than 10 per cent in recent days, leading some analysts to predict another record-breaking rally in 2025. The world's leading cryptocurrency rose above $105,000 on Monday, just $4,000 away from the record high it reached in January 2025. Crypto experts have attributed the latest price increase to massive inflows from institutional investors, greater support from governments and regulators, as well as improved sentiment among retail investors. The collision of positive catalysts have led some industry figures to forecast a 'parabolic' price rise for bitcoin in the months ahead. 'I truly understood bitcoin in 2011-2012 and in all these years, the bull case for it has never been stronger,' former PayPal president David Marcus wrote in a post to X. 'Banks can now custody and offer BTC to their customers, sovereign states and corporations are competing to buy, utility phase of TCP/IP [Transmission Control Protocol/Internet Protocol] for money is taking off. Buckle up.' Standard Chartered analyst Geoff Kendrick recently predicted bitcoin could reach as high as $120,000 by the end of June, reinforcing his year-end forecast of $200,000. "While timing sharp rises in bitcoin is difficult, we think the current period of potential strategic asset reallocation away from US assets may trigger the next such upswing," he wrote in April. "If so, we would expect a new all-time high to be reached in Q2 with further gains over the summer.' Other cryptocurrencies have also experienced significant gains in May, with ethereum and dogecoin adding around 40 per cent to their value over the last week. The market has also been boosted by broader economic stability, with a major trade deal reached between the US and UK, as well as indications that the trade war between the US and China is cooling. This has brought renewed attention to typically high-risk assets like cryptocurrencies, which investors tend to sell during periods of uncertainty in favour of save haven assets like gold. Some crypto analysts believe that the current market momentum could see bitcoin reach new highs as early as this week, with the next resistance level pegged at $107,000. 'The impressive corrective pullback from late January to early April, in our opinion, created substantial margin for a new wave of growth,' Alex Kuptsikevich, the chief market analyst at the online trading platform FxPro, told The Independent. 'Therefore, we will not be surprised if, along with the positive dynamics of stocks, bitcoin will move to the renewal of historical highs already this week.' For bitcoin to realise these predictions,however, some have pointed to the $100,000 price point as a key support level. Should the cryptocurrency fall back below this figure, it could potentially lead to a broader sell-off that sees bitcoin pull back towards its 50-day moving average below $90,000. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Mayor
13-05-2025
- Business
- Business Mayor
Bitcoin nears record high as analysts tell market to ‘buckle up'
Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter The price of bitcoin is approaching a new all-time high after rising more than 10 per cent in recent days, leading some analysts to predict another record-breaking rally in 2025. The world's leading cryptocurrency rose above $105,000 on Monday, just $4,000 away from the record high it reached in January 2025. Crypto experts have attributed the latest price increase to massive inflows from institutional investors, greater support from governments and regulators, as well as improved sentiment among retail investors. The collision of positive catalysts have led some industry figures to forecast a 'parabolic' price rise for bitcoin in the months ahead. 'I truly understood bitcoin in 2011-2012 and in all these years, the bull case for it has never been stronger,' former PayPal president David Marcus wrote in a post to X. 'Banks can now custody and offer BTC to their customers, sovereign states and corporations are competing to buy, utility phase of TCP/IP [Transmission Control Protocol/Internet Protocol] for money is taking off. Buckle up.' Standard Chartered analyst Geoff Kendrick recently predicted bitcoin could reach as high as $120,000 by the end of June, reinforcing his year-end forecast of $200,000. 'While timing sharp rises in bitcoin is difficult, we think the current period of potential strategic asset reallocation away from US assets may trigger the next such upswing,' he wrote in April. Read More Roger Ver's Plea to Trump: End US Lawfare and Uphold Justice 'If so, we would expect a new all-time high to be reached in Q2 with further gains over the summer.' Other cryptocurrencies have also experienced significant gains in May, with ethereum and dogecoin adding around 40 per cent to their value over the last week. The market has also been boosted by broader economic stability, with a major trade deal reached between the US and UK, as well as indications that the trade war between the US and China is cooling. This has brought renewed attention to typically high-risk assets like cryptocurrencies, which investors tend to sell during periods of uncertainty in favour of save haven assets like gold. Some crypto analysts believe that the current market momentum could see bitcoin reach new highs as early as this week, with the next resistance level pegged at $107,000. 'The impressive corrective pullback from late January to early April, in our opinion, created substantial margin for a new wave of growth,' Alex Kuptsikevich, the chief market analyst at the online trading platform FxPro, told The Independent . 'Therefore, we will not be surprised if, along with the positive dynamics of stocks, bitcoin will move to the renewal of historical highs already this week.' For bitcoin to realise these predictions,however, some have pointed to the $100,000 price point as a key support level. Should the cryptocurrency fall back below this figure, it could potentially lead to a broader sell-off that sees bitcoin pull back towards its 50-day moving average below $90,000.
Forbes
12-05-2025
- Business
- Forbes
‘Buckle Up'—A Perfect Storm Is Suddenly Headed For The Bitcoin Price And Crypto Market
Bitcoin and crypto have surged over the last few weeks as fears swirl a $2.5 trillion 'avalanche' is heading for the U.S. dollar. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price, now nudging its all-time high of almost $110,000 per bitcoin, has left stocks in the dust this year, with iPhone-maker Apple quietly confirming a crypto market game-changer. Now, as a Federal Reserve 'nightmare' is coming true, those in the bitcoin and crypto industry are predicting a looming bitcoin price boom as positive catalysts collide. Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run 'I truly understood bitcoin in 2011-2012 and in all these years, the bull case for it has never been stronger,' David Marcus, the former president of PayPal who led Facebook's efforts to create its own crypto-inspired currency, posted to X, telling people to, "buckle up.' Marcus pointed to recent regulatory changes that mean Wall Street banks can now custody and offer bitcoin to their customers while 'sovereign states and corporations are competing to buy.' The 'utility phase of [internet protocol] Positive regulatory changes for bitcoin and crypto have come as U.S. president Donald Trump embraces bitcoin and crypto, declaring himself the first 'crypto president' and promising to roll back Biden-era restrictions on the technology. Trump has also promised to create a bitcoin strategic reserve alongside a crypto stockpile, kickstarting a race among countries to begin holding bitcoin. 'The [bitcoin price] Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious 'We're seeing steady institutional inflows, signaling growing trust from traditional players. At the same time, state-level reserve policies in the U.S. show bitcoin's role is expanding beyond just investment portfolios." Meanwhile, the fleet of spot bitcoin exchange-traded funds (ETFs) that made their debut at the beginning of 2024 have continued to attract huge inflows. 'While day-to-day prices can be noisy, the longer-term shift looks more structural. What's different this time is the market infrastructure supporting it—like regulated ETFs making it easier for institutions to get exposure, and custody services that help them hold bitcoin securely," Rines said.
CNBC
02-05-2025
- Business
- CNBC
Real use case for Bitcoin in self custody wallets: Lightspark CEO
'We need real time money movement that's global, truly available to everyone and truly end to end,' David Marcus, Lightspark co-founder and CEO and former PayPal president, tells CNBC's Dan Murphy at TOKEN2049 in Dubai.
