28 Feb '17, 1pm

Bitcoin

Bitcoin entrepreneur and evangelist Vinny Lingham has warned any quick price rises could trigger “another bubble” in the virtual currency. In a blog post on Monday, Lingham wrote that a bull run in the event of the first Bitcoin ETF getting approval could have longer-term detrimental effects than many envisage: “I quickly realized there was bigger issue [than the ETFs] at play here — the upcoming potential for another Bitcoin bubble!” As Bitcoin price currently hovers around $1200, Lingham believes the price already includes around $150 of optimism over the ETF successfully surviving March 11. A positive decision would send Bitcoin price towards $2000 with a $1300 floor. However, growth may not stop there, and any further advances would reintroduce volatility and a bubble mentality, similar to what happened in 2013. “I’m hoping this post serves as a warning to those who ar...

Full article: https://cointelegraph.com/news/bitcoin-price-vinny-lingha...

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Bitcoin climbs to a fresh record high

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coindesk.com 25 Feb '17, 3pm

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