Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, the Mt Gox trustee prepared for their next steps while hedge fund managers remain bullish on bitcoin and other digital currencies.
The trustee tasked with managing the Mt Gox bankruptcy has moved 16,000 BTC & BCH to unknown addresses. Speculators believe a sale is imminent but without a court order no action can be taken.
The Ethereum founder is boycotting Coindesk’s Consensus conference after the website linked to a fraudulent story. CoinDesk was quick to correct the story and issue an apology. Buterin is also critical of the news site's policy on reader comments and ticket prices, ranging from US$2000-3000.
John Pfeffer pitched Bitcoin as his top idea this week at the Sohn Conference in New York. He’s bullish on the digital asset and provided a price level of US$ 700,000. The thesis centers around Bitcoin emerging as an alternative store of value.
Dan Moorehead disclosed 10% of the Pantera portfolio is held in Bitcoin supporting the bullish view. In the long term he believes the digital asset market could grow to US$4 trillion.
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