M. Novogratz: Bitcoin Will End the Year at $10,000

New Bitcoin and Ethereum price prediction from financial analyst and founder of Galaxy Investment Partners
22 November 2017   735

American financial analyst and founder of the hedge fund Galaxy Investment Partners Mike Novogratz made new predictions, seeing an even faster growth of the first crypto currency.

Mike Novogratz believes that by early 2018, bitcoin has every chance of rising to $ 10,000.

We’re in the second or third inning. Because prices have moved so far people are nervous. You made a whole lot of money, there’s news, so you want to book your profit and get out.Mik
 

Mike Novogratz

Founder, Galaxy Investment Partners

Also noted that as gold has its value because people say that it has value, and the value of bitcoin is that it is based on stunning technology and has limited emissions.

Mike Novogratz also gave a forecast for the price of Ethereum, suggesting that the second on the capitalization of the cryptocurrency can enter in 2018 at around $ 500.

Arizona to Protect Crypto Nodes Legally

According to the public records, proposed protections for cryptocurrency node operators are moving ahead in Arizona's legislature
21 February 2018   43

On February 6 House Bill 2602 was filed by Representative Jeff Weninger (R.-17). It passed the Arizona House of Representatives on February 20 with 55 out of 60 votes. Now it will be sent to the State Senate.

The bill will prevent governments in the state from imposing restrictions on people who run nodes in their residences.

The bill does not specify whether it is restricted to cryptocurrency miners. However, the bill states that individuals using computing power to either validate or encrypt a transaction on a blockchain are protected.

This is just one out several bills making their way through the Arizona legislature. Another bill by Weninger would formally define the terms "coin", "blockchain," and "initial coin offering" within the state's legal framework.

Another bill recently passed by the Arizona Senate which would empower the state government to accept taxes in bitcoin and other cryptocurrencies.