Bitcoin May Fall Under $3k, Pompliano Believes

Founder of Morgan Creek Digital Assets had already made few successful predictions
27 December 2018   738

Bitcoin can wait for a further decline, despite a jump in its price above $ 4,000 last week, said the founder of Morgan Creek Digital Assets and famous commentator Anthony Pompliano in a conversation with CNBC.

I think that in the short term there is an opportunity for further reductions, he said.

In November, Pompliano predicted that Bitcoin would drop to $ 3,000, which happened shortly after that. Since then, the largest cryptocurrency managed to rise above $ 4,200, but fell below $ 3,800 at the time of publication.

Answering a question about the correlation of the cryptocurrency market with the traditional or FAANG shares (Facebook, Apple, Amazon, Netflix and Google), also rushing down in recent months, Pompiano said that he does not see the relationship.

Antony definitely agree that the fall in the stock market carries with it a psychological component, noting that the dependence of Bitcoin on the securities market was close to zero. In November, Pompiano predicted a massive closure of cryptocurrency funds.

US Presidental Candidate to Accept BTC Donations

OpenNode payment solution allowed fans of Andrew Yang to show support by sending Bitcoin donations using the
25 July 2019   372

Supporters of the US presidential candidate from the Democratic Party, Andrew Yang, launched the independent political actions committee of the Humanity Forward Fund, realizing in particular the possibility of bitcoin donations from Lightning wallets. It is reported by CoinDesk.

Technical integration of the solution was made possible through the OpenNode payment service.

The super PAC obviously wants to receive donations as large as possible. But at the same time, individuals who want to donate just a bit to Yang’s platform now have that opportunity. It allows the donors to have all of the amount go toward the actual donation rather than miner fees.
 

Afnan Rahman

CEO, OpenNode

According to representatives of the Humanity FWD, donations will be accepted exclusively in Bitcoins for 21 days after the launch of the committee. After this, it will be possible to support Young with fiat means.

At the same time, whether the Humanity FWD will store the received bitcoins or immediately convert them into Fiat, they have not yet decided in the committee.

Potentially earning or losing money creates additional regulatory requirements.
 

Seth Cohen

Founder, Humanity FWD 

He also stressed that the OpenNode commission of 1% is much lower than similar fees for processing services processing credit card transactions.

It is worth noting that one of the promises of Andrew Young, who is running for the US presidency, is “promoting legislation that provides clarity” for cryptocurrencies.

Young became the first participant in the 2020 race, who proposed a specific cryptocurrency policy. In particular, he intends to contribute to determining the status of a token [with recognition of the existence of utility tokens], powers of federal agencies, ensuring consumer protection in the field of cryptocurrency, developing a clear tax policy and creating a unified regulatory framework.