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If Bitcoin Price Dips Under $8,000, I’m Buying, Says Titan Ventures Co-Founder

  • Yuri Molchan
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    Now Bitcoin is trading above $8,000, but should it go down, Michael Nye, a Titan Ventures co-founder, says he will buy it immediately

If Bitcoin Price Dips Under $8,000, I’m Buying, Says Titan Ventures Co-Founder
Cover image via news.u.today

Recently, the Bitcoin price experienced a major correction when it lost over $1,000 within a few hours and around 15 percent within a week.

Many prominent investors and Bitcoin bulls, such as Mark Yusko from Morgan Creek Capital, or the angel investor Anthony Pompliano, published Twitter posts saying that it is time to buy BTC while it has gone cheaper.

Now, a co-founder of Titan Ventures and the creator of the Coindust app, Michael Nye, has taken to his Twitter handle to announce that whenever Bitcoin price goes under $8,000 he goes and buys it to receive higher yields later on.

At the time of writing, Bitcoin is exchanging hands at the price of $8,207.

BTC price
Image by Coinmarketcap

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Earlier on Wednesday, U.Today reported that one of crypto traders, "Credible Crypto", voiced his opinion that the Bitcoin price is going to head for the $14,000 level.

 

Are you expecting the Bitcoin price to rise soon or will it continue to go down? Feel free to share your opinion with us in the comments below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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