Bitcoin

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Last quote about Bitcoin

Thomas Lee
No doubt, this will lead to an increase in overall transaction volumes for bitcoin.feedback
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Aug 18 2017
The latest person who has talked about Bitcoin is Charles Hayter: “Segwit2X has undoubtedly been the initial catalyst for this rally removing the uncertainty of how bitcoin is meant to scale.”. You’ll find on this page all the other quotes of Charles Hayter and all the other people that have spoken about Bitcoin. You can select these people and their quotes by date, by name, and you can easily have access to the articles from which they originated.
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All quotes about Bitcoin

Dennis Gartman

What bothers me is that something that can move 5, 10, 15, 18 percent in the course of the day for what's supposed to be a pricing mechanism. How can you buy a house? How can you buy a car? How can you buy Starbucks with bitcoin when the price is going to fluctuate as [dramatically] as it has?feedback

Ronnie Moas - Standpoint Research

People should understand they're not dealing with the NYSE right now. There's no regulation, there's no face that you can attach to these exchanges.feedback

Ronnie Moas - Standpoint Research

I expect that within a couple of years we will have between 50 and 100 million cryptocurrency users -- up from approximately ~10 million today. We only have 0.15% market penetration right now -- if that goes to 2% or 3% we will get to the $50,000 price target that I set at the beginning of July.feedback

Ronnie Moas - Standpoint Research

What's happening is the floodgates are opening. I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars.feedback

Ronnie Moas - Standpoint Research

You can't look at this as a normal situation. We're in an industry that will probably go from $140 billion to $2 trillion and the bitcoin price will probably move with that.feedback

Ronnie Moas - Standpoint Research

Any way that I look at these numbers, my forecasts are looking conservative. It looks to me as though we are at the same point in the adoption curve as we were in 1995 when we went from one million internet users to ten million. The following year the Netscape browser came online and we went from 10 million users to hundreds of millions of users overnight.feedback

Charles Hayter

Segwit2X has undoubtedly been the initial catalyst for this rally removing the uncertainty of how bitcoin is meant to scale.feedback

Charles Hayter

Scaling has been the major catalyst for the price rally. The scaling debate has certainly been holding the Bitcoin price back.feedback

Charles Hayter

There is a history of animosity between Bitcoin factions with vested interests, and these tensions could flare up again.feedback

Hadley Stern

I do think [cryptocurrencies] will make things, whether it's bitcoin or something else, faster and cheaper and create new products and services that we can't even imagine.feedback

Ari Paul

Every day sees new buyers entering the market, and as the price rises, owners of Bitcoin only become more bullish. This trend may continue until there's an exogenous shock to entice new sellers.feedback

Chris Burniske

With SegWit locked in, and an effective split between two camps with differing visions for the asset (BTC and BCH), it is now experiencing a relief rally. A greater number of entities, including institutions, are waking up to bitcoin's merits as a currency that is uncorrelated to the traditional capital markets.feedback

Mark Forster

I urge anyone who is cold called and offered investment opportunities to simply put the phone down. A legitimate company will never cold call you and put you in a position where you need to make an investment on the spot.feedback

Mark Forster

Investment fraudsters are still targeting people throughout the country and they employ aggressive sales tactics which are often used to pressurise unsuspecting victims into parting with large sums of money. These people often base themselves in the City as they believe having an address in a prestigious financial district will help to legitimise their fraud.feedback

Howard Marks - Oaktree Capital Group

I don't understand what's behind bitcoin. For me, there is only one kind of investing: When you look at something, you don't think 'is it going up or down tomorrow?' ... you say 'what is the intrinsic value?' and then you say 'can I buy it for less?'. There is no intrinsic value in Bitcoin. Maybe I'm just too old and too much of dinosaur to understand Bitcoin.feedback

Howard Marks - Oaktree Capital Group

It's not a medium of exchange, it's a medium of trading, so I can't see any intrinsic value. I don't understand what's behind Bitcoin.feedback

Thomas Lee

I think bitcoin is an underowned asset with potential for huge institutional sponsorship coming. It has a lot of characteristics that are very similar to gold that I think will make it ultimately attractive as an alternate currency. It's a good store of value.feedback

Ronnie Moas - Standpoint Research

It would not shock me to see cryptocurrencies go to 4 per cent of global investment assets. Before anyone laughs at me for suggesting that something like that could happen – just look at what happened [in bitcoin] in the last five years. People who put in $10,000 made $1 million already. It happened already and I think it will happen one more time. We are in the 15th minute of a 90-minute soccer game – and it could go to overtime.feedback

Rob Moffat - Balderton Capital

It's just so easy to raise money on an ICO right now, it just feels like there's a gold rush going on there. Some of the new currencies – beyond bitcoin and Ethereum – could crash to zero.feedback

Rob Moffat - Balderton Capital

It's just created new value out of nowhere. There's no fundamentals behind any of this – it's all based on public perception, so you can start to see some really strange phenomena.feedback

Thomas Lee

Yes, because there're catalysts. Institutions have to directly buy the coin today through a broker but both the CBOE and CFTC have opened options and futures trading, so I think it's going to grow in holdings.feedback

Brian Stutland

When you look at gold over the past couple of months, [it has] tracked very well [relative] to the cryptocurrency. Bitcoin, right now, is the most popular [cryptocurrency] and it is the most valuable one. But I don't see it as a store of value, because any [other cryptocurrency platform] could come out with a slightly better technology and completely replace bitcoin.feedback

Fran Strajnar

As we now have bitcoin cash, there is a much lower risk of future forks, as future arguments will default to 'just use bitcoin cash.feedback

Fran Strajnar

Bitcoin's SegWit means the many well-financed companies researching Lightning solutions can start to test on the main network.feedback

Aurélien Menant

The Lightning Network is a game-changing innovation, which utilizes smart contract technologies to enable instant micropayments using cryptocurrencies such as bitcoin.feedback

Aurélien Menant

Particularly with regards to micropayment transactions that may be useful for emerging markets with low-value local currencies. It can also be implemented to facilitate machine to machine payments, using its smart contract framework, so that firms running various automated processes can benefit from direct payment relationships between its software and that of its clients or suppliers.feedback

Hadley Stern

This is an experiment in the spirit of learning what these crypto assets are like and how our customers may want to interact with them.feedback

Thomas Lee

Our initial bitcoin report viewed bitcoin as a 'store of value' and over time would be seen as an alternative to gold.feedback

Charles Hayter

Segwit activates this afternoon and there is a lot of hope that the network will unclog with lower transaction fees becoming the new normal. The SegWit activation opens up projects that bring some capability to the bitcoin network. Instead of bitcoin being held back by infighting, it is now blue skies of opportunity in what can be built.feedback

Aurélien Menant

Given the technology's move towards scalability, more institutional investors are now considering to allocate funds to bitcoin, which may be exciting the market.feedback

Ronnie Moas - Standpoint Research

That's what supports the cryptocurrency right now, confidence. If there's something that shakes people's confidence in crypto then they will sell off. The further we get into this game the less likely you will get something like that.feedback

David McCarthy - HSBC

You've used the progeny of this one coin in every transaction you've done in your life, whether it's a bitcoin, a dollar or a euro.feedback

Ronnie Moas - Standpoint Research

I think investors should take a shot on this and hold for a few years. If you lose a few bucks, at least you took a shot. In life, you miss every shot that you do not take. It will probably be more upsetting to watch it from the sidelines go up another 1,000 percent.feedback

Jeremy Gardner

We didn't have the money for all the salaries to pay everyone to go live on their own so it was much cheaper to keep everyone in one place, eradicate housing costs and still be in San Francisco.feedback

Charles Hayter

Some exchanges are realising that they are missing out on trading fees and also seeing an exodus of clients to platforms that do support bitcoin cash. The fervour and price rises within the first few hours can be blamed on slow supply reaching markets and excessive initial exuberant demand. The ability to short the market (bet on the price falling) should bring about more efficiencies as reality bites into the price.feedback

Aurélien Menant

If most miners decide that for economic reasons they prefer to mine larger blocks and commit more hashing power to Bcash, then it's likely more development work and user adoption would follow, and those conducting business with bitcoin may decide to adopt Bcash instead. Yet for this to happen Bcash would need to prove that its technology can match the security features and reliability of bitcoin's software.feedback

Tom Robinson

We're following the movement of funds being sent out of the WannaCry wallets. We believe some of these funds are being converted into Monero, a privacy-focused cryptocurrency. We continue to work with law enforcement to support their efforts in tracing ownership of these funds.feedback

Fran Strajnar

There's no infrastructure available out of the box, to support BCC [Bitcoin Cash]. The network needs further support and infrastructure needs to be as easy as bitcoin; otherwise it's over for BCC.feedback

Marcin Kleczynski - Malwarebytes

You look at the bitcoin addresses, they're not well-funded. You see a couple of thousand dollars at best. So how does the criminal step up his or her game?feedback

Ed Tilly

CBOE is not only a home to options, derivatives and the VIX but also ETF innovations and foreign exchange. This makes us the natural choice for the development and trading of bitcoin futures. We very much look forward to responding to the growing interest in cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange, with the many expected benefits that this brings, including transparency, price discovery, deep liquidity and centralized clearing.feedback

Iqbal Gandham - eToro

It's been a slow start for Bitcoin Cash. The delay ... could be a result of a lack of miner support for the new crypto-currency.feedback

Roger Ver

The fact graphics card manufacturers are making special cards, cryptocurrency mining cards, I think it's a pretty big turning point for the crypto[currency world] in general. The demand is just incredible.feedback

Jihan Wu

I read some blogs about bitcoin and at that time I felt very excited and saw the potential.feedback

Nchinda Nchinda

Instead of mining hardware, you should have just bought bitcoin. If we just used that $9K and bought bitcoin, we would have had more.feedback

James Smith

We are incredibly optimistic about Bitfury's growth both today and in the years to come because we know that our expertise, hard work and determination are second to none.feedback

Jonathan Mohan - Bitcoin

I wouldn't go about doing that without partners. It used to be something that non-specialized hardware could do and non-specialized individuals could do. If you're looking for exposure into bitcoin, it's more cost effective to buy.feedback

Charles Hayter

When the fork occurs it can be expected that the price of bitcoin will drop by the price of Bitcoin Cash, however these are crypto markets and nothing is ever certain.feedback

Dominic Williams - Bitcoin

That may not impact the bitcoin market (capitalization) very much, but if it looks like Bitcoin Cash is gaining momentum and people want it, we could see some major volatility and swings between the two versions of the currency.feedback

Anatoliy Knyazev

(This is) decentralized governance in action. Anyone can try to lead and the market will figure it out.feedback

Greg Dwyer

We do not want to support any behaviour whereby anyone can potentially split the bitcoin blockchain and effectively create free money out of nothing.feedback

Ronnie Moas - Standpoint Research

There is no telephone support. You must go to the FAQs section and spend a long time looking for the answer to whatever question you may have – and then you may not be happy with the answer. Your only other option is to send an email to customer support which could take anywhere from one-to-seven days to get a reply. I watched from the sidelines for a few years and it felt recently as if the train is leaving the station. I think we are still in the first quarter of a four quarter game and that even though I missed out on significant gains (2014 - 2016), it is not too late to get in.feedback

Ronnie Moas - Standpoint Research

I have little doubt that 1% of the money in cash, bonds, stocks and gold will end up in cryptocurrencies.feedback

Ronnie Moas - Standpoint Research

In my view, 10-15 years from now, the charts on a few of the top twenty names will look like the Amazon, Apple, Tesla, Facebook, Netflix and Google charts look today.feedback

Charles Hayter

The creation of Bitcoin Cash is certainly a pivotal moment for Bitcoin and its community. The inception of Bitcoin Cash may prove to be exactly what Bitcoin needs.feedback

Iqbal Gandham - eToro

Demand for Bitcoin has been so high in recent months, that those creating the cryptocurrency can't keep up, slowing transactions.feedback

Fran Strajnar

Most will likely hold as it's free, just to see what happens or for hedging. However a majority of everyday users, traders and investors are vocal about market dumping their free tokens as soon as they can. If there's any legs at all to Bitcoin Cash or if the miners backing it deploy large scale and sustained attacks on bitcoin, then Bitcoin Cash may survive its initial violent birth.feedback

Matthew Roszak - Bitcoin

This entire process will be a key test for bitcoin in its evolution beyond a store of value and show its potential to grow into something much greater.feedback

Iqbal Gandham - eToro

For bitcoin to continue to scale and have the potential to become a globally used currency, this slowdown in transactions has to be addressed.feedback

Charles Hayter

This means that the two sides that were once debating within Bitcoin, can instead apply their different views of what the cryptocurrency should be in two different blockchains.feedback

Jeff Garzik

This is somewhat like a stock split. You go to sleep with 100 bitcoins and wake up in the morning with 100 bitcoins plus 100 'Bitcoin Cash', a new token.feedback

Elvira Nabiullina

We don't consider that bitcoin can be considered as a virtual currency.feedback

Jerry Brito

Anybody who thought about this for a second understood that law enforcement was working on a case against BTC-e. The question was just whether the government would catch them.feedback

Emin Gün Sirer

Exchanges will go one of two ways. Either they will clean their act, by first shopping for the most lenient jurisdictions and complying with relevant KYC/AML laws, or they'll go 'fully underground,' and operate with no rules, behind Tor and other anonymous communication technologies. The most colorful drama ahead will involve exchanges, such as Bitfinex, that operate in the gray zone, where they seem to neither comply with relevant laws nor go fully underground.feedback

Roger Ver

I actually think it would be a good thing if there is a split.feedback

Howard Marks - Oaktree Capital Group

In my view, digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has little or none beyond what people will pay for it. I'd guess these things (digital currencies) have arisen from the intersection of (a) doubts about financial security – including the value of national currencies – that grew out of the financial crisis an (b) the comfort felt by millennials regarding all things virtual. But they're not real. Some people are eager to speculate on digital currency for profit.feedback

Alex Sunnarborg - CoinDesk

I believe the market is currently somewhat torn between the optimism around BIP 91 locking in, which could lead to SegWit activating if all goes smoothly, and the fear of the second half of SegWit2x proposal, the 2MB block size hard fork, still being contested. Big names like ViaBTC, Houbi, Bithumb, and potentially Roger Ver and others supporting Bitcoin Cash either from August 1 or if Segwit2x fails to activate has made the future thought of two blockchains more of a real fear for many in the community.feedback

Francisco Blanch - Bank of America Merrill Lynch

Most regulated financial institutions allow their clients to borrow against financial or physical assets, but we are not aware of any major institution that takes cryptocurrency as collateral at the moment. Thus, in our view, a key step for bitcoin would be for it to become pledgeable collateral.feedback

Francisco Blanch - Bank of America Merrill Lynch

Bitcoin and other cryptocurrencies score well on some, and not so well on others.feedback

Francisco Blanch - Bank of America Merrill Lynch

The lack of a centralized decision-making process or authority creates risks such as a currency split.feedback

Francisco Blanch - Bank of America Merrill Lynch

Bitcoin's volatility is very high compared to the euro, the yen or even gold. But it fell twice last year below the volatility of silver, the world's currency for 400 years.feedback

Francisco Blanch - Bank of America Merrill Lynch

There is no certainty that that [similarity to gold] will continue and, most certainly, no way to predict it. In our view, cryptocurrency returns will mostly depend on the faith placed by individuals, corporations, and financial institutions on this emerging technology.feedback

James Hilliard

This is where mining centralization makes things easier, because I can just message everybody on WeChat and help them if needed.feedback

Josh Mahony

Recent fears over Bitcoin appear to have been brushed aside, with the cryptocurrency rallying to within 2% of the previous all-time high despite the civil war that could see Bitcoin split into two entities in less than two weeks. The US decision to close a host of dark web marketplaces removes one source of demand, but for now as long as Chinese speculators remain able to use the cryptocurrency to move assets out of the country, the bulls remain in charge.feedback

Miguel Vias

What we have seen is an embracing of digital assets broadly by really established institutions. When you have folks like the [Bank of England], which did a [proof of concept] with us, as well as the Bank of Japan coming out and saying, we are considering this as legal tender at some point – when you see those developments, you can't help but feel that we are on the right path, that interest is going to continue to grow.feedback

Miguel Vias

With respect to XRP, we are incredibly focused on international payments, I think we are probably the only digital asset that has a clear use case with respect to what we are trying to do with the asset. With respect to growth and outreach, we will continue to partner with digital asset exchanges for listings and mostly importantly ... it is really all about payments and in this quarter, you will see some very interesting developments with respect to our partnership in payments, with respect to XRP in particular.feedback

Rob Viglione - ZenCash

BIP 91 unleashes the next wave of innovation because it has been a little bit stagnant of late for bitcoin.feedback

Charles Hayter

Bitcoin now has a clear run to add features that allow for faster transactions with lower costs.feedback

Ari Paul

Bitcoin is rallying largely because the probability of Segregated Witness being activated is increasing as more miners signal that they will activate it.feedback

Brian Kelly

The institutional interest in this space has picked up again, not that it really died off too much. Institutions are looking to get back in in a meaningful way.feedback

Charles Hayter

This can have disastrous results for one of the chains or even both. This may be one of the main factors behind the explosive support behind BIP91.feedback

Charles Hayter

Since a large faction of miners would continue to mine Bitcoin with non-segwit blocks in the case of the BIP148, then two Bitcoins would exist. One in which SegWit is active and one in which it is not. This can have disastrous results for one of the chains or even both. This may be one of the main factors behind the explosive support behind BIP91.feedback

Garrick Hileman

Barring any unexpected twists in the bitcoin scaling drama, a contentious fork will be avoided in the coming days. The prospect of a contentious August fork has been hanging over bitcoin's price like a sword of Damocles, and so the 20 percent plus price pop we've seen in the last 24 hours is not surprising.feedback

George Howard

As evidenced by the ongoing rampant piracy of works, no DRM has proven to be terribly effective. What [companies like Custos] are trying to do is add an incentive or game-mechanic layer, to shift the burden of DRM from rights holders to the community at large.feedback

G-J van Rooyen

We are a distributed task market. We employ anonymous individuals who have information that our clients need, and we pay them anonymously.feedback

G-J van Rooyen

Whether you call it a post-capital economy or a new peer-to-peer economy, it's magical. We can employ a community of anonymous individuals, doing things that have tangible value … for all the excitement about the blockchain, there's a heck of a lot you can do with traditional cryptocurrencies like bitcoin.feedback

Samson Mow - Bitcoin

People are fed up. The users are taking back their voice.feedback

Bobby Lee - BTC China

It's not really a crackdown. The central bank previously was not very aware of the details of how bitcoin is utilized, how bitcoin is traded.feedback

Craig Wright - RBC

I believed that I could put the years of anonymity and hiding behind me. But, as the events of this week unfolded and I prepared to publish the proof of access to the earliest keys, I broke. I do not have the courage. I cannot.feedback

Arthur Vayloyan - Falcon Private Bank

People here are thinking this is beyond bitcoin. This is a new chapter in how we exchange money. As a financial services partner, I think we have to become part of that strategy.feedback

Bobby Lee - BTC China

It's not a problem. If you think about it, the volatility is natural for an asset class that is so new. There's no price discovery for it (yet).feedback

Bobby Lee - BTC China

I think it's going to go to at least $1 trillion, if not maybe $10 trillion in the next five to ten years. In a grand of scheme of things it's nothing. Many, many companies are worth way more than that.feedback

Nikolay Storonsky - Revolut

It's normal at this point for a start-up – this is how billion-dollar companies are being made now.feedback

Nikolay Storonsky - Revolut

I just don't like banks. They're so bureaucratic, with so many managers not really doing anything ... If you fired 80 per cent of bankers, nothing would change.feedback

Richard Turnill - BlackRock

I look at the charts, and to me that looks pretty scary. There's no evidence that if that price went to zero tomorrow that there'd be any broader financial implication over time, but to me it is example of where you're getting some big price movements in the market.feedback

Bobby Lee - BTC China

But the challenge is how to craft the rules around this new technology. I think it's taking the lawmakers and regulators some time to wrap their minds around it, and to come up with the appropriate rules and laws to govern companies, how we do business, to govern individuals (and) how people conduct business online.feedback

Bobby Lee - BTC China

There was a causation and correlation issue. People thought bitcoin was causing it – but after studying it more, I think the central bank has realized that bitcoin is not the cause of the change in exchange rate, nor is it the cause of the capital outflows.feedback

Bobby Lee - BTC China

It's a new thing the central banks should pay attention to and figure out what the rules and regulations should be.feedback

Ronnie Moas - Standpoint Research

This is not something I could keep my hands off of. What would be more painful than losing [money in cryptocurrencies] is not acting. $5,000 could happen in a few months. It's only starting to gain traction right now. It's starting to spread like wildfire right now. In the next 6 to 12 months you're going to have a little bit of a hysteria. However, this has a long, long way to go before it gets to bubble territory.feedback

Jim Cramer

I've found the best analogy to what I do may be the sports world. I'm not going to tell you who's going to win the U.S. Open if I cover the NFL. In the end, as much as I like the sound of my own screeching voice and nasty Philadelphia accent, I'm not going to bloviate about something that I don't understand very well. I take my role as your investing coach way too seriously.feedback

Jim Cramer

Despite all of the crude bulls out there, and boy, we've got way too many of them, the truth is that we've simply got too much supply for crude to mount any kind of sustained rally.feedback

Ronnie Moas - Standpoint Research

In the next 6 to 12 months you're going to have a little bit of a hysteria. There will be scams, there will be accounts wiped out, there will be people that get hurt, like every other technology that is going on.feedback

Juan Ros

Donor-advised funds are a great way to give nonpublicly traded assets. Some charities will accept such assets directly, but only if they have the requisite expertise in-house.feedback

Juan Ros

The IRS has very specific rules for what constitutes a qualified appraisal.feedback

Chad Hamilton

Not only do you get to deduct the fair market value of the gift as a charitable deduction, but you also get to avoid paying tax on the unrealized gain of the donated property.feedback

Arlene Cogen

Some types of noncash assets, like artwork, will receive less favorable charitable benefits when donated to a [donor-advised fund] and should be donated to a charity that will use the asset for operations. The biggest mistake clients make when donating noncash assets is the failure to understand the full implications of the gift.feedback

Chad Hamilton

Often people have appreciated assets, like stock, business interest or real estate, but they don't think of gifting those and instead just give cash.feedback

Mark Cuban

I want to learn more about them… [I] haven't signed the paperwork yet. But it's likely it will happen.feedback

Ashok Vaswani

We have been talking to a couple of fintechs [financial technology companies] and have actually gone with the fintechs to the FCA [the Financial Conduct Authority, the UK regulator] to talk about how we could bring the equivalent of bitcoin, not necessarily bitcoin, but cryptocurrencies into play. Obviously [it's] a new area, obviously an area we've got to be careful with. We are working our way through it.feedback

Andrew M. Calamari - Securities and Exchange Commission

As alleged in our complaint, Haddow created two trendy companies and misled investors into believing that highly-qualified executives were leading them to quick profitability. In reality, Haddow controlled the companies from behind the scenes and they were far from profitable.feedback

Dave Birch

One doesn't invest in bitcoin, one gambles on bitcoin.feedback

Vijay Rakesh - Mizuho Securities

We believe near-term strength in cryptocurrency mining with the run-up in Bitcoin is creating some GPU [graphics processing unit] shortages ahead of new title launches such as Destiny2, Call of DutyWW2 and Battlefront2.feedback

Greg Sim

Hackers are targeting those that cannot afford to have downtime. An airport simply cannot have its systems down for a prolonged period of time or chaos ensues. If they do not give in and pay the ransom, then they risk their public image being dragged through the mud.feedback

Steve Malone - Mimecast

This new outbreak once again highlights the disruptive power of ransomware like never before. Simply by encrypting and blocking access to files, critical national services and valuable business data can be damaged. Mimecast advises organizations never to succumb to the pressure to pay the ransom to regain access to their applications and data. There is no guarantee this will unlock files and further motivates and finances attackers to expand their ransomware campaigns.feedback

Anthony Murgio

I screwed up badly. I'm sorry for all the damage I've caused to so many people. I put myself above the law.feedback

Anthony Murgio

Money comes and goes. The satisfaction you get from helping somebody's life is not even in the same universe as making $50,000 in a transaction.feedback

Anthony Murgio

I am wiser today than when the case began, and I am sorry for all the damage I caused to so many people. Believing what I was doing was okay did not make it okay.feedback

Christopher Woolard - Financial Conduct Authority

We don't prohibit regulated firms from engaging in digital currency trading, nor do we prohibit banks from offering banking services to deal with currency firms that use [blockchain]. I am not saying that we view digital currencies as an inherently bad thinghellip; but we do have to exercise a degree of caution.feedback

Rich Ross - Evercore ISI

I reiterate my sell call on Semi's and continue to see a test of 1,000 on the SOX (-8 percent) as the group continues to display the textbook signs of a reversal in trend and a technical symmetry with Bitcoin, which is down -9% overnight and poised for another -17% to 2,044.feedback

Ashok Vaswani

We have been talking to a couple of fintechs [financial technology firms – Ed.] and have actually gone with the fintechs to the FCA [Britain's Financial Conduct Authority – Ed.] to talk about how we could bring, the equivalent of bitcoin, not necessarily bitcoin, but cryptocurrencies into play. (We're) working on it, (it's) not ready for prime time, we'll get there soon.feedback

Erik Finman

The way the education system is structured now, I wouldn't recommend it. It doesn't work for anyone.feedback

Erik Finman

I would recommend the internet, which is all free. You can learn a million times more off YouTube and Wikipedia.feedback

Erik Finman

I won the million dollar bet I had with my parents! Grateful to all the friends, family, and mentors along the way.feedback

Daniel Alpert - Westwood Capital

I do believe that in a market with few attractive alternatives, speculation tends to become rampant. And it almost doesn't matter what people choose to speculate in, as long as they believe there is a fool greater than they out there somewhere.feedback

Alex Sunnarborg - CoinDesk

Large amounts of bitcoin are heavily concentrated in the hands of a few people. People that get in now [can] only buy fractional pieces. I definitely think more and more retail investors have gone into it. There is definitely a lot of fear of missing out.feedback

Jim Cramer

One of the reasons why AMD and Nvidia have been going up is their chips are used for mining, for cryptocurrency mining. Do not play it for this is what I'm saying. But it is being played for that. Of course there are so many other uses for their chips, but a lot of retail people love bitcoin and are looking for a way to play it.feedback

Jim Cramer

AMD chips are the best ones for the ethereum platform.feedback

Jim Cramer

You play Nvidia for artificial intelligence, for GPUs, for autonomous cars, and for gaming. You play AMD for gaming and they have a faster chip than Intel.feedback

Vitalik Buterin - Ethereum

When I came up with Ethereum, my first first thought was, okay this thing is too good to be true. As it turned out, the core Ethereum idea was good, fundamentally, completely, sound.feedback

William Mougayar

I wouldn't call it a crash. It was more a flash or a blip or maybe a technical error on the exchange that was powering a lot of the transactions. One of the differences is ethereum has been optimized for the software engineer, whereas bitcoin was more oriented towards being a cryptocurrency. Ethereum has been really adopted as a software development company, so it's really loved by the developers and programmers out there.feedback

Peter Smith

We are really focused on scaling to meet the record demand we are getting in the market. We started raising this round before the run up in the cryptomarket. It was good timing in the end because while we were closing the round, we were massively up on every level. Our traffic has been growing 15 percent week over week in last two weeks.feedback

Joseph Lubin - Bitcoin

The Status.im token launch was constructed in a way that caused a huge number of transactions to be formed to chase purchases of the token, so the pools of unprocessed transactions grew large and are being worked though. We can expect many future experiments as we all figure out the most effective and fairest approaches to building these kinds of systems.feedback

Jeremy Liew - Lightspeed Ventures

Bitcoin and the other digital currencies, they all really see a lot of benefit in times of political and economic instability. Fundamentally when a citizen doesn't have faith in their currency of their country, then they are looking for alternatives, and a digital alternative like bitcoin becomes much more compelling in those circumstances.feedback

Jeremy Liew - Lightspeed Ventures

If you're going to be an investor in anything, you want to be where the most trading volume is happening, and right now that's happening in bitcoin.feedback

Erik Finman

(High school) was pretty low quality. I had these teachers that were all kind of negative. One teacher told me to drop out and work at McDonald's because that was all I would amount to for the rest of my life. I guess I did the drop out part.feedback

Erik Finman

I can proudly say I made it, and I'm not going to college. Personally I think bitcoin is going to be worth a couple hundred thousand to a million dollars a coin.feedback

Erik Finman

I never got my GED, and I don't see the value in it. The purpose of that would be to get another education level and get a job. I had to learn through running a business. Instead of writing essays for English class, I had to write emails to important people.feedback

Erik Finman

I really liked Colombia. It was fun, but a little sketchy. Some interesting stuff happened. I was held up at gunpoint there, which is pretty scary, but I have this emergency button I programmed in Android that puts you on speaker but turns off audio automatically and dials [a local emergency number].feedback

Erik Finman

The way the education system is structured now, I wouldn't recommend it. It doesn't work for anyone. I would recommend the internet, which is all free. You can learn a million times more off YouTube and Wikipedia.feedback

Eric Piscini

It was good to see that there is governance on Ethereum and that they can fix issues in a timely manner if they have to.feedback

William Mougayar

The momentum has shifted to Ethereum – there is no doubt about that. There is almost nothing you can do with Bitcoin that you can't do with Ethereum.feedback

William Mougayar

I hope this is the year where we start to close the gap between the speculative value and the actual value. There is a lot at stake right now.feedback

Bill Miller - Legg Mason

The market thinks that is a good deal. It's going to be value-accretive. It indicates that Amazon is serious about the grocery business. This means they're in it for the long haul.feedback

David Sonstebo

We feel that the market reaction to IOTA's listing is quite in line with our expectations in the current zeitgeist.feedback

Chris Burniske

There's a big difference between a denial of service attack, and a hack that causes clients to lose funds. As of yet, we're fortunately not seeing any of the latter.feedback

Adam White

A speculative frenzy is never a good thing. I don't think we're there right yet.feedback

Adam White

We recognize the frustrations of our customers and we want to do better.feedback

Dmitry Lazarichev

There is no guarantee that the exchange rate for virtual currencies will be the same or higher the next day – or the next minute.feedback

Toshiya Hari

AMD shares appreciated 13% last week on numerous media reports (CNBC, Bloomberg) highlighting a surge in GPU demand from cryptocurrency (i.e., Ethereum, Bitcoin) miners. According to our checks, the RX 570 and RX 580 graphics cards are sold out at numerous retail websites including NewEgg and Microcenter. While this dynamic may provide near-term upside to fundamentals, we believe it is unlikely to become a sustainable driver of EPS.feedback

Charles Hayter

Ethereum's market message at the moment is that of the underdog to bitcoin with more potential. The complexity of the developing ethereum ecosystem is galvanizing adherents as well as displaying the functionality that it has to offer.feedback

Pavel Matveev

There is some correlation between cryptocurrencies in this sense but there is also fundamental demand for Ethereum in its own right. Ethereum and bitcoin aren't directly competing as they serve different needs.feedback

Sumit Roy - ETF.com

The SEC can either help investors by allowing a regulated ETF that trades close to NAV come to market, or stand in the way and see those same investors hurt when they buy bitcoin directly from untested exchanges or through the flawed GBTC.feedback

Spencer Bogart

A lot of investment managers have a mandate that they must be invested in registered securities. Spot bitcoin is not a registered security. Really, it's the best that we have available. This put a traditional wrapper around an otherwise esoteric asset. It was something people could touch. They really wanted exposure and this was the only way to do it.feedback

Spencer Bogart

Why would anyone pay a premium for this? Clearly the product does not function incredibly well. There's clearly a risk. Somebody could be right about the underlying move of bitcoin but still lose money. To what extent do you value the features (of the trust)? It's really an individual question to answer.feedback

Sumit Roy - ETF.com

For investors buying into the fund, such large premiums are a disaster waiting to happen.feedback

Angela Lee

For fintech, some people mean bitcoin and cryptocurrencies; some people mean the technology JPMorgan uses for trading. Everyone thinks it's sexy, and a lot of people use it colloquially without knowing what it is.feedback

Kenneth J. Heinz

As a result, the thematic drivers of performance for H2 17 have shifted to include not only the Trump and Yellen trades, but also the Volatility reversal trade and the increased risk associated with Terrorism and Cybersecurity. Managers positioned tactically long and short which are able to navigate both rising and falling volatility market cycles are likely to lead industry performance in H2 17.feedback

Jim Cramer

The hand-wringers will be out in full force. I bet the same people who told you to sell the last time [Donald] Trump was in trouble – the ones who think this rally is predicated on total Trump policies – will tell you to sell again. I'm sure the same people who bolted when Brexit occurred already have one foot out the door. I can promise you there are people who will genuinely flip out if the ECB indeed does remove [its] stimulus.feedback

Jim Cramer

I think the expectations simply got ahead of themselves. Personally, I'd view this weakness as a chance to do some buying as Incyte has a very deep pipeline with excellent prospects. Historically, the earnings estimates for ISRG have been proven too low, sometimes way too low. Intuitive Surgical has a habit of blowing away the numbers, and I bet this time will be no different. And yes, it deserves to trade at a premium to its peers. It's better. I defy you to find me another profitable medical device company with double-digit revenue growth and nearly 20 percent earnings growth.feedback

Jim Cramer

The precious metal has had many sustained rallies right along with stocks. There are plenty of structural factors that make it that way as gold is, by the way, a worldwide market more heavily influenced by fund flows from China and India than the United States.feedback

Jim Cramer

But we've never had such an incredible fluidity in fixed income globally, nothing like this. You want to own an Italian 10-year bond at the same rate as a U.S. one? That's insane if you do. So that money's coming here, not staying over there. How about a German 10-year where you literally make nothing? That money's coming here, too.feedback

Jim Cramer

It's invisible to the taxman so those countries in Europe that raised taxes? They provide a ready market for Bitcoin. It's the answer for the Chinese because gold's too easily confiscated. You don't think it could happen in those countries? Confiscation? Hey, how about a history lesson? It happened here – FDR confiscated our gold in 1933. You can't confiscate Bitcoin.feedback

Jim Cramer

I think it could because the European banks are frantically trying to buy them so they can pay off ransomware. It's a short-term way to be able to deal with cybersecurity. It is the way to pay off the bad guys. When you get hit and you're not sure how to do bitcoin, these cyberattackers have customer service desks.feedback

Pietro Ventani

This is an extremely volatile and innovative asset class.feedback

Mutsuko Higo

After I first heard about the bitcoin scheme, I was so excited I couldn't sleep. It's like buying a dream.feedback

Park Hyo-jin

Right now, it's a form of speculation, like stocks. I don't think anybody in South Korea buys bitcoin to use it.feedback

Leonhard Weese

Trading carries huge risk: there is no investor protection and plenty of market manipulation and insider trading. Some of the exchanges cannot be trusted in my opinion.feedback

Garrick Hileman

A successful resolution of the bitcoin scaling debate would likely propel the currency to new highs. However, if the bitcoin ecosystem divides then the price could plummet.feedback

Daniel Masters

Bitcoin is emerging as the transactional layer of the internet, as programmable money and as digital gold. That's the big picture. What we've seen at XBT Provider is an increase in coverage and an increase in penetration into both the retail and institutional market. We're now being covered on Nasdaq OMX by 27 different broker dealers, and that is a stark increase from what we saw a year or two ago.feedback

Garrick Hileman

The frothiness we are observing in the initial coin offering market right now may trigger a regulatory backlash, which could negatively impact bitcoin's price.feedback

Garrick Hileman

Macroeconomic and positive regulatory developments are fueling significant demand in many markets, particularly South Korea and Japan, as well as India, Venezuela, Nigeria, and elsewhere.feedback

Elvira Nabiullina

We don't consider that bitcoin can be considered as a virtual currency. It's more digital assets with the regulation of assets. We have some doubts, we don't see some huge benefits from introducing digital assets in our economy.feedback

Elvira Nabiullina

I think it's more important to understand (the) benefits of new technologies … like blockchain which is on the basis of bitcoin.feedback

Alexey Moiseev

The state needs to know who at every moment of time stands on both sides of the financial chain. If there's a transaction, the people who facilitate it should understand from whom they bought and to whom they were selling, just like with bank operations.feedback

Kay Van-Petersen - Saxo Capital Markets

This is not a fad, cryptocurrencies are here to say. There will emerge two to three main ones. Bitcoin will be one of those. And the reason is the first-mover advantage, the scale and the pioneering. Volumes are going up, volatility is going down. A lot of people talk about the volatility, but if you are in Zimbabwe or Venezuela, this volatility is nothing. This is the interesting thing to me. I think in the West, a lot of people view it is as speculative, but emerging markets will get it, their needs will be different.feedback

Charles Hayter

It's one way of slicing the pie to try and predict future prices which always relies on a lot of assumptions. Equating volumes to price value is one method of attempting a valuation, but it doesn't take into account the fundamentals of the ecosystem.feedback

Adam Greenfield

This is what happens, when very bright people outsmart themselves.feedback

Rainer Michael Preiss

Bitcoin's market capitalization overtook Deutsche Bank just as of last week, so that shows you how to some extent the world and things are changing. The question that always comes is: Is it a currency? Well that's maybe too limiting – it's much more than that, it's actually a token. It's distributed trust and distributed consensus.feedback

Louis Gargour - LNG Capital

Bitcoin's extreme volatility doesn't sit well with managers working on a risk-adjusted return basis. Furthermore, there are valid concerns that digital currency assets can be hacked or stolen. Finally, there's a perception that bitcoin remains a niche, retail investment that does not yet demonstrate sufficient quality to be seriously considered for many reputable institutions.feedback

Bobby Lee - BTC China

The pullback was just a profit taking, a correction from the skyrocketing prices of last week.feedback

Bobby Lee - BTC China

When the existing money system has problems, people turn to Bitcoin, sort of like people used to go to gold in the old days.feedback

Kim Jin-hyeong

There were some people that made a big profit in a short time and it got more media attention. Then even people that had not known about virtual currencies began coming in, thinking it can be a way to make big money in a short time.feedback

William Mougayar

If anything, it makes it stronger. The higher the market cap, the stronger the ecosystem itself.feedback

Muneeb Ali

Right now, we are in the honeymoon phase where everyone's just excited.feedback

Muneeb Ali

Out of the ashes of that the next Google and Amazon [will] emerge.feedback

Joseph Lubin - Bitcoin

Lots of software developers and business developers are using that newfound wealth to build on our new ecosystem. It's impossible when you have a new technology to avoid irrational exuberance.feedback

Alex Sunnarborg - CoinDesk

I feel like right now the price is going up so much more, and more people are getting exposed to it. More traditional places are starting to see it. I think more money will probably come into this space. We also saw a record number of transactions – about 300,000 every day on the bitcoin network.feedback

Adam White

I think that's a stretch. You see billions of dollars of digital currency trade every day. It's unlikely we'd see businesses out there moving the market to acquire a couple thousand dollars of bitcoin.feedback

Adam White

I think we're seeing continued growth in the fundamentals of the network. Every minute we see about a half million dollars moving the bitcoin network.feedback

Brad Garlinghouse - Ripple

Some of those banks are all in and some are still in the early stage running a pilot. We have real customers touching real production systems. We're the only company you can say that about in our space.feedback

Brad Garlinghouse - Ripple

We decided to take the issue off the table. We wanted to make sure we were combatting any uncertainty about supply.feedback

Leonhard Weese

Retail investors who might otherwise have traded stocks or an exchange traded fund are now trading bitcoins. Suddenly everyone is realising that there will only ever be 21 million bitcoins and that this might be there last chance to get into the market - and that is what is leading to these huge price spikes.feedback

Fred Wilson

It will probably be a long time before people understand what a blockchain currency is. I think there's a ways more we could go before the whole thing could come undone in a massive way.feedback

Fred Wilson

By the end of this decade, we should start to see native blockchain applications receiving massive adoption.feedback

David Vorick

It just felt like everybody was there doing business. Even myself. I was wearing a suit, and that's not my natural state of being.feedback

Joseph Poon - Bitcoin

At this conference, one thing I immediately noticed, I have a hard time finding the nerd table. For the past five years, it's always been easy to find the nerd table because it's everywhere. The conference was the nerd table. Now it seems like it's all ambassadors, and it's basically like I can only find like 10 people I can recognize here. I was surprised.feedback

Spencer Bogart

The big driver of the rally seems to be what's going on in Japan and Korea. In Japan, recently there's been a change to acknowledge bitcoin as a legal payment method. That in and of itself wasn't significant as, generally, people don't like to spend bitcoin; they like to hold it.feedback

Spencer Bogart

That's been the story of bitcoin. A lot of times it's just sitting there doing nothing, and then either something falls apart in a particular corner of the world or in some corner of the world, some regulatory agency decides to be favorable to bitcoin, and then you see these random rallies. Then as you begin to rally, speculators pile in and it becomes a self-perpetuating cycle.feedback

Spencer Bogart

Their reason for disapproval was the underlying markets for bitcoin, which haven't changed in the weeks since they made their decision. One of the issues was that Bats hadn't set up surveillance-sharing agreements with the major exchanges on which bitcoin is traded, with the purpose of identifying and stomping out market manipulation. Even if they did, a lot of those exchanges reside in jurisdictions that don't have much of a regulatory body that can go and take action against people that are doing something bad to the market.feedback

Spencer Bogart

But Japan's move provides some regulatory clarity, and now there are major tech companies that want to open up bitcoin exchanges in Japan. So what you saw was volume in existing bitcoin exchanges in Japan went through the roof and pushed the prices up. Koreans look closely at Japan and tend to imitate a lot of activity there, so there's been a lot of demand from that area of the world also.feedback

Spencer Bogart

It is possible that, in the short time period from when the SEC disapproved to when the petition was granted, there was a significant regime change at the SEC. You could have a different group of people who want to review the matter because they aren't sure the decision to disapprove was a good choice. I've heard whisperings that there are many people within this administration who are friendly or at least amicable to digital currencies like bitcoin.feedback

Nicola Duke

We will see the bottom in the start of January, that is when stock markets typically tend to have a correction as well.feedback

Aurélien Menant

There is a lot of fresh liquidity flowing into bitcoin, thanks to a surge in interest among investors in Asia, notably Japan and Korea, coupled with a resolution to the scaling debate. I would not be surprised to see the bitcoin price doubling again to around $6000 by the end of the year.feedback

Brian Armstrong - Coinbase

I do think some digital currency will end up being the reserve currency of the world. I see a path where that's going to happen.feedback

Boris Schlossberg

I'm going to be watching that very carefully to see how it trades over the next day or two. As a matter of fact, it's one of those retailers that is actually expanding its store base, and I'm going to be watching not only their earnings to see how well they've done this quarter, but to see if they're really going to increase their store base over the next coming quarters.feedback

Boris Schlossberg

It's going to be very interesting to see if they're going to be able to issue a statement that will curtail production and make sure that oil remains above that $50 a barrel level as we go forward.feedback

Charles Hayter

Yes the direct fiat flow options are a fleshing out of the ethereum ecosystem and show its broad appeal.feedback

Jason Hamilton - Bitcoin

People are buying a specific blockchain, but the big interests are in the technology. They'll probably make their own clones and the ether tokens everyone is buying won't be used for much except trading. Who knows, though. I don't usually trade ether. I'm afraid of that bubble bursting, but it could go on bubbling up for a long time still.feedback

Brian Kelly

That's what people are starting to realize. It was digital gold.feedback

Brian Kelly

This upgrade is needed because more applications can be built on top of bitcoin and more value can be added to bitcoin.feedback

Brian Kelly

I think it is part of the equation but not the entire reason for the move in bitcoin.feedback

Chris Burniske

While bitcoin's volatility has been decreasing over time, it should still be recognized and treated as a volatile asset.feedback

Brian Kelly

There is a lot of excitement and announcements of new projects which is contributing to the euphoria.feedback

Julio Faura

The enthusiasm around EEA is remarkable. Our new members come from varying industries such as pharma, mobile, banking, automotive, management consulting, and hardware as well as the startup community driving innovation. It's great to see everyone come together and build the next generation of our economy on Ethereum blockchain solutions.feedback

Jonathan Levin

This used to happen in bitcoin before it became big – there were loads of botnets that went into computers that used to mine bitcoin, but you now can't basically mine bitcoin on normal computers because you need specialist hardware.feedback

Michael Madden

This is not part of the previously observed behaviour of DPRK cyber-war units and hacking groups. It would represent an entirely new type of cyber-attack by the DPRK. This type of ransomware/jailbreak attack is not at all part of the MO of the DPRK's cyber-war units. It requires a certain level of social interaction and file storage, outside of those with other hacking groups that DPRK hackers and cyber-war units would not engage. Basically they'd have to wait on Bitcoin transactions, store the hacked files and maintain contact with the targets of the attack.feedback

Charles Hayter

Arbitrage between the fiat pairs drags markets up or down in line with leading markets. At present, volumes on the KRW and JPY pairs dominate trading with a combined 48 percent market share.feedback

Jonathan Levin

If Monero does become adopted and is as big and liquid [as bitcoin], that means the crime [will] move from using computers to mine to getting to extortion.feedback

Emin Gün Sirer

In the initial days of bitcoin, people...didn't realize they were recording for posterity on the blockchain every financial transaction that ever took place.feedback

Luke Wilson

If it was me, I would want people to use bitcoin all day, because you can trace it.feedback

Jerry Brito

It's a cat-and-mouse game – as police and companies like Elliptic catch up to criminals' techniques, they invent new techniques.feedback

Simon Moores

I've often heard expressed that intelligence agencies and law enforcement act on a reactive basis. It's all well and good to catch up to the actors and prosecute them, but that doesn't help you if you happen to be a financial institution or a business and data is mission critical.feedback

Florin Lazurca - Citrix Systems

It's one of the tools in their pockets. It's one of the things where you might be trying to cover all your bases, and so it lets you still recover your data and network.feedback

Jonathan Levin

They really aren't set up well to handle their Bitcoin payments.feedback

Brian Kelly

It's a big hit to sentiment. This is some negative publicity for bitcoin.feedback

James Smith

We have seen the number of payments start to go up today. We think over the course of today as we approach the first deadline where fines double we will see a bigger increase (in bitcoin payments). The attackers haven't moved it. In previous cases we have been able to work with law enforcement to see where the funds move because ultimately the attacker wants to turn it back into a currency they want to spend.feedback

James Smith

If a business is told it needs to pay this amount of bitcoin, most companies will be asking what bitcoin is … it's not straightforward.feedback

Paul Gordon - Quantave

There's a lot of work going on to build identification systems to run in parallel and when they come together with bitcoin it could make it more efficient but also more trusted and transparent than it is now.feedback

Andres Baravalle

Most of the use is actually in the clean economy – or clean enough.feedback

David Prince

There's also nothing stopping them from adding a backdoor.feedback

Simon Moores

Bad guys were using this currency to buy virtual Picassos for $500,000 as a way of laundering the money.feedback

Moty Cristal

For some companies, sometimes ransomware demands aren't even worth the time it takes to call IT to try to find out if there's a backup. In extortion scenarios, they threaten to leak data to competitors or steal identities. Then the owner of that data is willing to pay a lot of money. That was one of my best results. Basically, people are people are people.feedback

Paul Gordon - Quantave

You and I are probably unrepresentative of so many people in the world who may not have access to bank accounts and credit cards. There will always be millions of people who need ways to transact outside the immediate control of large institutions.feedback

Paul Gordon - Quantave

Every financial-services firm and beyond are recognising the potential of the underlying tech and are spending a lot of money to use it. I also think attitudes are changing. Two or three years ago, with an attack like this, the finger would be pointed at bitcoin, but I sense that's not happening after this attack. For her generation, bitcoin is something attractive.feedback

Paul Gordon - Quantave

Users don't touch the bitcoin directly. Think of it as a raw tech with layers on top. People won't know they're using it, but they'll know that the cost and speed of transactions will make what we use today look very out of date.feedback

Jonathan Levin

If you look at the infection rates, a lot of it is in Russia, so [the data] is complementing that. Given that we know the infections are also in Russia, I would say, it's Russian users.feedback

Chris Camacho

In the past three months, health care providers have been preparing themselves for these attacks, either with Bitcoin at the ready or with professional incident responders.feedback

Tom Robinson

Everyone's efforts at the moment are being focused on getting relevant malware and getting systems up and running again. In terms of identifying the attacker, what we can see at the moment is that around $20,000 worth of ransoms have been paid to these addresses. There are actually two versions of this malware, there was one that appeared in April and we've identified one bitcoin address associated with that, and there's a second version which appeared on Friday and we've identified three bitcoin addresses associated with that.feedback

Tom Robinson

These three addresses have received 8.2 bitcoins to date, which is about $14,000 dollars, and all of those bitcoins are still within those addresses. The ransomer hasn't withdrawn any of the funds yet so there's no opportunity to trace them. What we do as a company is we add identities to those addresses, so for example we can say that address belongs to a bitcoin exchange, that address belongs to a bitcoin ransomer, and you can then actually build up a very clear picture of who is transacting with whom.feedback

Tom Robinson

So if you want to obtain bitcoin you need to go to a bitcoin exchange, that exchange will usually take your identity, so if law enforcement comes to us to find out who controls this address, we look for a transaction from that address to the exchange and then they can go to the exchange and ask for that person's identity. Bitcoin exchanges are unregulated in Europe at the moment. The EU is putting efforts behind regulating bitcoin exchanges but we're not quite there yet.feedback

Luke Wilson

Law enforcement have different powers, in the US they can issue a subpoena to bitcoin exchangers, and also the ones in the US are very compliant, they will see something like this and they would probably reach out to law enforcement and say we have over 20, 30, 40 victims that are paying into this ransomware scheme.feedback

Tom Robinson

It's not technically correct to say that bitcoin users are anonymous, they're pseudonymous, by which I mean every bitcoin transaction ever made is recorded in this public database known as the blockchain. What we don't have recorded are any identities, so we can see that bitcoins are going from address one to address two, but we don't know who controls those addresses by default.feedback

Luke Wilson

For investigators, the first step is gathering the different bitcoin addresses and start watching the payments, to understand how this operation is working. Secondly you'd have to go out and get a sample of the ransomware malware, so there's a whole other team that works on that aspect of it, and then they'll eventually have some leads and clues, but these kinds of investigations take a long time.feedback

Pavel Matveev

The world is full of cheap or free credit. There are asset bubbles everywhere from property to retail to bonds.feedback

Pavel Matveev

Savers have nowhere to put their money. Bitcoin on the other hand has outperformed every traditional currency by a near astronomical margin. Now that Japan's biggest financial institutions are embracing bitcoin, we are in blue sky territory in terms of valuation. Lots of cheap credit is looking for new safe havens to move into and digital assets are an attractive new asset class. The volatility (of digital currencies) really doesn't matter as demand greatly outstrips supply.feedback

Fran Strajnar

We expect some corrections but have adjusted our outlook and are now feeling that the $1200 to $1800 per bitcoin price band is a temporary consolidation period before undoubtedly climbing up to $3,800 to $8,000 over the next six months.feedback

Brian Kelly

There's a tremendous amount of bitcoin influx in Japan. It's one of the most popular currencies in Japan. These developments have made Japan the dominate player in the bitcoin trading market. According to data compiled by CryptoCompare, the Japanese Yen is the most popular fiat currency used to buy bitcoin.feedback

Neel Kashkari - Federal Reserve

I think sentiment has shifted in the markets, in the Fed. I would say I think conventional wisdom now is that blockchain and the underlying technology is probably more interesting and has more potential than maybe bitcoin does by itself.feedback

Daniel Masters

That example of a successful soft fork in litecoin has made people start to think that we could get a successful SegWit implementation in bitcoin and that could increase capacity and move us to the next level.feedback

Brian Kelly

Bitcoin can be thought of as digital gold. The upside for bitcoin is so much higher than upside for gold, in my view. Right now it's speculation over the ETF. That's been the biggest thing.feedback

Charles Hayter

The Japanese have recently warmed their approach towards bitcoin by treating it legally as a form of payment - a ratification and bringing into the regulatory fold. China's clampdown on exchanges can also be seen as a positive move for the industry too.feedback

Brian Kelly

The biggest driver right now is you're starting to see institutional investors take a keen interest in the entire sector. I don't think this is hot money. This is real money that's going to sit around and build the new internet.feedback

Brian Kelly

The SEC is concerned about how most of the markets [for Bitcoin] has traded outside of the U.S. with no regulatory oversight. As of this point, I don't think the SEC would approve the ETF. What would change my mind is if the ETF or SEC only traded Bitcoin on regulated exchanges.feedback

Pavel Matveev

Bitcoin does face certain challenges such as negative perceptions stemming from past instances of hacking and other illegality. The Japanese financial system will also face a steep learning curve regarding how to report bitcoins in accounts, for example.feedback

Pavel Matveev

Bitcoin has doubled in value in the past six months. The trend for financial regulation, which recognises bitcoin, is spreading across Asia-pacific, and we expect more and more countries to regulate virtual currencies. I believe the price will continue growing and reach as much as $2,000 to $3,000 by the end of the year. At the same time bitcoin is rapidly integrating such challenges and is increasingly becoming more robust, as Japan's official recognition of the cryptocurrency suggests. Integration into the financial system means companies can now more easily develop products and services.feedback

Thomas Glucksmann

The news of the review has definitely excited speculators, although it's unclear if this will alter the SEC's decision. So the gains in the last 24 hours may be temporary.feedback

Jimmy Wales

If you take a look at Wikipedia, it's noisy and not a perfect place, but for true fake news, there's been almost no impact on the Wikipedia community. The volunteers are experienced enough to know it's nonsense, and have an ethos saying: 'No, we're here for neutral facts': that community knows it from the ground up. If you take as an example the bitcoin community, they're a very active and obsessed community. There's a lot of news that comes out in the field, and I think they'd love to be able to raise money to hire a journalist and put them on the bitcoin/blockchain beat.feedback

Kenneth Rogoff - International Monetary Fund

Cash plays a big role in crime. I think there's a reason cash is king. Even though we have bitcoin, gold coins, uncut diamonds … you still find cash playing a major role [in crime], because it's basically government-licensed, anonymous currency. It has very high liquidity, low transaction costs. You can spend cash anywhere. All these other things, like you take gold coins to someone and they're actually a lot of trouble to verify.feedback

Cathy Mulligan

We have the situation in the UK where many startups are chasing the regulator to say, How are we going to be regulated?' rather than the other way round. Bitcoin in the UK is really treated as private money. If you tried to exchange Bitcoin for sterling you don't get charged VAT on the value of the Bitcoin but it is charged on, for example, the commission instead.feedback

Eitan Jankelewitz - Sheridans

The brutal truth is that as a currency in the UK, and perhaps globally, it hasn't taken off. People generally buy it because they think it's going to increase in value in the long term or they just like the volatility and they decide they are going to trade it the same way you trade gold. It's another currency, but there's no burning need for it.feedback

Bob Swarup

You have a lot of people at the Bank of England and other policymakers talking about whether currency should become all-digital anyway, so a digital pound would immediately have competition online from Bitcoin or other digital currencies as well.feedback

Eitan Jankelewitz - Sheridans

At Europol [the EU's law enforcement agency] they don't like the anonymity of Bitcoin, which I think perhaps is a bit of a misunderstanding, because it is not truly anonymous. You can trace every transaction and follow it all the way through. You can see the life of a penny and see exactly where it's been. The problem is that you don't know exactly who controls those wallets.feedback

Cathy Mulligan

Some countries are taking it as a commodity like we are, other places are treating it like money and others are treating it as unknown, which changes the way you tax things.feedback

Cathy Mulligan

From the UK perspective, we haven't seen huge amounts of regulation. They aren't being forced to have AML [anti-money laundering regulations] or 'know your customer' regulation just yet. I think what will happen in Japan is, there will be an influx in startups, because the business environment is stable and you'll know how you're going to regulate it.feedback

Craig Wright - RBC

We will scale and grow bitcoin to become what it was envisioned to be. All I do is to help grow the use of bitcoin, and I want to see it in daily use by at least a billion people on-chain. We have the funds, the people and the technology to do this. I will sell when I do this for goods on a daily basis, or I will go down with it. Past the basics of my family's well-being, all I have is dedicated to building the systems and institutions needed to make bitcoin successful globally.feedback

Brendan Gibson

I can meet some fun people who really love bitcoin … I think most of the people who like bitcoin are people who like freedom. Yes, bitcoin is a risk. Why should I have to discuss these things with [people concerned about the security]? I earn my money, that's enough. I don't waste my time explaining bitcoin … [if] you're not my client.feedback

Christian Nagel

ShapeShift's team built a compelling crypto exchange engine which can be easily integrated into third-party products given its unique trustless design. It is uncommon to find the powerful combination of a noted serial Bitcoin entrepreneur, a senior team with deep industry knowledge, and a strong vision as the one present at ShapeShift.feedback

Erik Voorhees - Shapeshift

When we started ShapeShift, a future world of natively digital assets was very theoretical. Yet this world is quickly arriving; one in which millions of forms of digital value, from access keys to tokenized derivative contracts to video game items, will trade between people and machines all over the world, every second of every day. Just as information has gone natively digital, so too now goes value. Bitcoin taught a skeptical world how to do it, and the gold rush is on.feedback

Chris Burniske

At the same time, bitcoin's market cap has gone from $19 billion to $16 billion. Hence, bitcoin's market cap has lost $3 billion in value while the combined market cap of all other blockchain assets has added more than $3 billion. Given these market indicators, it would appear investors are diversifying their blockchain asset holdings, positioning themselves for a generally rising tide in this emerging asset class.feedback

Jani Valjavec

The sum result of all the network fork (fear, uncertainty and doubt) is we are seeing investors hedge by buying into ether. We expect a price drop if there is a fork but a similar outcome to ethereum, where the long term market capitalization increases for both assets.