Daily Roundup – August 14, 2017

Daily Roundup – August 14, 2017

According to CNBC, former PayPal COO David Sacks believes Bitcoin is not fulfilling the promises behind the payment company’s original vision. Sacks added that the bitcoin price is likely due for a correction.

According to CNBC, investment firm VanEck has filed for a bitcoin ETF only a day after referring to the digital asset as a “fad” in a blog post. VanEck is a leading manager of gold-related investment funds.

According to KyivPost, Ukraine’s National Police have arrested several individuals who are suspected of illegal mining bitcoin in an empty pool at a recreation center of a Ukrainian state institute.

According to CNBC, Goldman Saces chart analyst Sheba Jafari believes the bitcoin price could rise another $500, getting closer to the $5000 mark. In the aftermath of such a rise, Jafari says the price could fall as low as $2,221.

According to CNBC, commodities investor Dennis Gartman does not understand bitcoin’s recent price rise. Despite the quick rise in price, Gartman does not like the wild fluctuations found in the price of the digital asset.

Featured image via Pixabay.

About The Author

Kyle Torpey

Kyle Torpey is a freelance writer and researcher who has been following Bitcoin since 2011. His work has been featured in VICE Motherboard, Business Insider, NASDAQ, New York Post, The Next Web, American Banker, and other media outlets. You can follow Kyle on Twitter, send him an email, sign up for his daily Bitcoin newsletter, or visit his personal website.


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