Siamak Masnavi

News Reporter

Siamak received his PhD in Computer Science from University of London in 1992. He has worked part-time as a freelance journalist since 1986.

Articles by Author

What Biden’s Pick for Treasury Secretary Has Said About Bitcoin and Blockchain

This article looks at what Former Federal Reserve Chair Dr. Janet Yellen, the person who is expected to be the next U.S. Treasury Secretary, has said in the past about Bitcoin and blockchain technology. On November 23, the Wall Street Journal (WSJ) reported that President-elect Joe Biden will nominate Yellen to become his secretary of […]

Visa CEO Alfred Kelly: ‘We Are Very Interested in Cryptocurrencies’

In an interview earlier this month, Alfred F. Kelly, Jr., Chairman and CEO of global payments technology company Visa, shared his thoughts on digital currencies. The Visa CEO’s comments came during an interview with Carl Quintanilla at the CNBC Evolve Summit. One of the most interesting questions asked by Quintanilla was what Visa is doing […]

PayPal CEO Dan Schulman Talks About the Value Proposition of Bitcoin

In a recent interview, PayPal President and CEO Daniel Schulman, talked about the value proposition of Bitcoin. As you may remember, on October 21, PayPal announced “the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly from their PayPal account, and signaled its plans to significantly increase cryptocurrency’s utility […]

Former Goldman Sachs VP Explains Why Bitcoin Price Could Reach $500,000 by 2030

In a recent interview, Hong Fang, who is a former VP at Goldman Sachs and the current CEO of crypto exchange OKCoin, explained why she believes that the price of Bitcoin could reach $100,000 by 2021 and $500,000 by 2030. On 30 August 2019, San Francisco headquartered OKCoin, which was founded in 2013, announced that […]

Guggenheim News Helps ‘Cool’ Bitcoin to Break $18K

At 08:10 UTC on Sunday (November 29), the Bitcoin price surged past the $18,000 level, seemingly on another run toward its all-time high of $19,870 (which, according to the CryptoCompare Index, was reached on 17 December 2017). Although last Wednesday (November 25), the Bitcoin price reached the intraday high of $19,488, a tweetstorm by Coinbase […]

Guggenheim Macro Opportunities Fund Considering Investing Up to $500M in Bitcoin

According to a U.S. SEC post-effective amendment filing made by Guggenheim Funds Trust on Friday (November 27), one of its fixed income mutual funds (“Macro Opportunities”) is considering investing in Bitcoin. Guggenheim Investments is “the global asset management and investment advisory division of Guggenheim Partners and has more than $233 billion in total assets across fixed […]

‘Rich Dad Poor Dad Author’ Robert Kiyosaki Says Bitcoin Price ‘Going to the Moon’

On Thursday (November 26), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, gave his latest thoughts on three inflation hedge assets he is fond of—silver, gold, and Bitcoin. “Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, “advocates the […]

CNBC Asks MicroStrategy CEO Why His Firm Holds So Much Bitcoin

On Wednesday (November 26), Michael J. Saylor, Co-Founder, Chairman, and Chief Executive Officer of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) explained why his firm is HODLING so much Bitcoin. On August 11, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a “primary […]

Mike Novogratz: Every Investor ‘Should Put 2–3% of Their Net Worth in Bitcoin’

On Tuesday (November 24), billionaire investor Mike Novogratz explained why the two cryptoassets he and the institutional investors he knows are most interested in (for investing as opposed to trading) are Bitcoin and Ethereum. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in […]

Gemini Exchange CEO Says ‘This Bitcoin Bull Run Is Different’, VanEck Explains Why

On Wednesday (November 25), Tyler Winklevoss, Co-Founder and CEO of crypto exchange Gemini, said the current Bitcoin bull run is different from the one in 2017. Gabor Gurbacs, Director of Digital Asset Strategy at VanEck/MVIS, took note of the Gemini CEO’s comment, and decided to explain why. This was Winklevoss’s tweet: In his blog post, Gurbacs […]

As $BTC Price Approaches All-Time High, CNBC’s Jim Cramer Endorses Bitcoin

On Tuesday (November 24), as the Bitcoin price went above $19,300 (which is less than $600 shy of Bitcoin’s all-time high price of $19,870, which was reached on 17 December 2017), CNBC’s Jim Cramer said that that it is not too late to buy Bitcoin. According to data by CryptoCompare, currently (as of 16:55 UTC […]

Bitcoin’s ‘Parabolic Rally’: $BTC Price Breaks $19K, Now 4% From All-Time High

Bitcoin’s “parabolic rally” continued on Tuesday (November 24), taking the BTC above the $19,000 level for the first time since 19 December 2017. According to data from CryptoCompare, around 10:00 UTC on Tuesday (November 24), the Bitcoin price surged past $19,000 on its way to an intraday high of $19,095. The last time Bitcoin was […]

‘Cryptocurrency Craze’ FOMO Takes XRP Price Above $0.75, Now Up Over 200% in 2020

XRP continues to be one of the hottest altcoins at the moment, with the price up another 27% in the past 24-hour period. The current Bitcoin bull run that started on October 1 has taken the BTC price from $10,779 to $18,759, which means a gain of 74.03% vs USD. According to data from CryptoCompare, […]

Morgan Creek Capital CEO on Macro Tailwinds Supporting Bitcoin’s Bull Run

During a recent interview with CNBC anchor Brian Sullivan, Mark Yusko, the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, talked about why Bitcoin is performing so well and why it should continue to do well in the future. When he was asked why this year we have seen a surge in interest in […]

Ether ($ETH) Price Racing Toward Another New High, Up Over 360% So Far in 2020

It was a pretty good weekend for ETH HODLers, with the current bull run taking the Ether price from $510.43 to $560.01, and on Monday (November 23), Ether’s bullish momentum is not showing any signs of slowing down. According to data by CryptoCompare, around 09:35 UTC on Monday, the Ether (ETH) price broke through the $590 […]

John Lennon’s Son Says Bitcoin Gives Him ‘A Kind of Optimism’

On Sunday (November 22), Sean Lennon, the son of John Lennon and Yoko Ono, talked about Bitcoin during an interview with Max Keiser and Stacy Herbert on the “Orange Pill” podcast. The 45-year old British-American musician, songwriter, and producer, who has been a member of several bands (including “Cibo Matto”, “The Ghost of a Saber Tooth […]

Pantera Capital CEO on Current Bitcoin Shortage and Why Regulatory Risks Are Low

On Friday (November 20), Dan Morehead, the founder, Co-CIO, and CEO of blockchain-focused investment firm Pantera Capital Management LP (“Pantera Capital”), talked about Bitcoin in the November 2020 issue of his firm’s monthly newsletter (“Pantera Blockchain Letter”). Why U.S Election Results Should Push the Bitcoin Price Higher As Morehead correctly points out, it currently looks there will […]

Ether ($ETH) Surges Past $540, Crypto VC Expects It to ‘Go Much Higher’

On Saturday (November 21), Chris Burniske, a partner at crypto-focused venture capital firm Placeholder, talked about Ether (ETH) and where he expects to go in the short term and in the long run. According to data by CryptoCompare, around 08:55 UTC on Friday (November 20), the Ether (ETH) price broke through the $500 level for the first […]

Bitcoin Price Smashes through $18,800 Level

According to data from CryptoCompare, around 16:05 UCT on Friday (November 20), the Bitcoin price broke through the $18,800 level for the first time since December 2017. Between 13:30 UTC and 16:10 UTC, the Bitcoin price surged from a low of $18,157 to a high of $18,814, i.e. it went up 3.6% in just 2 […]

Which Would You Prefer: A ‘2007 Chevrolet SUV’ or 0.4 Bitcoin?

Jason Williams, co-founder and partner at Morgan Creek Digital, seems to have found this an easy decision. Morgan Creek Digital Assets is a multi-strategy crypto-focused investment firm aimed at institutional clients and wealthy family offices. It was founded by Mark Yusko, Jason Williams, and Anthony Pompliano in 2018, and it is backed by Morgan Creek […]

Ether ($ETH) Price Breaks $500 for First Time Since June 2018

According to data by CryptoCompare, around 08:55 UTC on Friday (November 20), the Ether (ETH) price broke through the $500 level. As you can see from the three-year ETH-USD price chart shown below, the last the Ether price was this high was in June 2018. Currently (as of 10:35 UTC on November 20), ETH is […]

JPMorgan Chase CEO: If Bitcoin Goes Much Higher, ‘It Will Be Regulated’

On Wednesday (November 18), JPMorgan Chase Chairman and CEO Jamie Dimon made some interesting comments about blockchain technology and Bitcoin at The New York Times’ DealBook conference. Dimon’s comments were delivered during an interview with CNBC’s Andrew Ross Sorkin at this year’s online summit (November 17-18, 2020). But before we examine some of Dimon’s most […]

6 Reasons Why This Bitcoin Bull Run Could Have Real Staying Power

Since the current bull started on October 1, Bitcoin has gone up over 74%, with the Bitcoin price currently just 9% from its all-time high. So, what makes this bull ran different from the one that took place in the second half of 2017? According to data from CryptoCompare, Bitcoin started the year at $7,183, […]

Mexican Billionaire Reveals That 10% of His Liquid Assets Are in Bitcoin

On Tuesday (November 17), the day that the Bitcoin price broke through the $17,000 level, Mexican billionaire Ricardo Salinas Pliego said that 10% of his liquid Assets are in Bitcoin. Ricardo Benjamín Salinas Pliego is the founder and chairman of Mexican conglomerate Grupo Salinas. On April 7, Forbes declared Salinas Pliego, whose net worth estimated to be $11.7 […]

Billionaire Investor Ray Dalio Admits He ‘Might Be Missing Something About Bitcoin’

On Tuesday (November 17), the day that Bitcoin smashed through the $17,000 level, legendary billionaire hedge fund manager Ray Dalio admitted that his assumptions about Bitcoin might be incorrect. Dalio is the founder, chairman, and co-chief investment officer of Bridgewater Associates. The 71-year American whose net worth is estimated to be around $18.7 billion created asset management […]

Bitcoin Breaks $17,000 Thanks to Weaker Dollar and ‘Extreme Greed’ Market Sentiment

According to data from CryptoCompare, at 12:00 UTC, Bitcoin broke through the $17,000 resistance level for the first time since 7 January 2018 seemingly thanks to a weaker U.S. dollar index (DXY) and market sentiment at “extreme greed” levels. One hour later, the Bitcoin price reached $17,086. Since then, it has slightly retraced to $16,960, […]

Bitcoin’s Quiet Rally Toward a New All-Time High

On Monday (November 16), the day that Bitcoin’s price surged over $16,800 to yet another new high for 2020, Bloomberg pointed out that “almost no one’s talking about” Bitcoin’s “notable rally.” According to data from CryptoCompare, around 19:20 UTC on Monday, the Bitcoin price reached $16,844, which is the highest it has been since 7 January […]

Billionaire Investor Mike Novogratz: Bitcoin Price Going to $20K, Then $65K

On Monday (November 16), billionaire investor Mike Novogratz made a bold price prediction for Bitcoin. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector.” Last week, during an interview with Alex Saunders in episode E734 of the […]

Games of Thrones Actress Maisie Williams Is Considering Becoming a Bitcoiner

English actress Maisie Williams, who played the character Arya Stark in American fantasy drama TV series of Game of Thrones (GOT), has revealed that she is considering becoming a Bitcoiner. Also, Williams is an internet entrepreneur, having “jointly developed and co-launched the social media platform Daisie, a multi-media networking app designed to be an alternative […]

3 Reasons Why Bitcoin Surged Past $16,800 to New 2020 High

According to data from CryptoCompare, around 19:15 UTC on Monday (November 16), the Bitcoin price surged above $16,800 to a new all-time high, seemingly thanks to three catalysts. Within 5 minutes (i.e. by 19:20 UTC), the Bitcoin price had reached $16,844, which is the highest it has been since 7 January 2018. So, what are […]

How Mike Novogratz Became a ‘Crypto Maniac’ After Buying BTC at $95, ETH at $0.99

In a recent interview, billionaire investor Mike Novogratz described how he first got into crypto. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a diversified financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sector.” Novogratz’s comments came during an interview with Alex Saunders in episode […]

Three Arrows Capital Co-Founder Kyle Davies on Why He Is So Bullish on Bitcoin

In a recent interview, Kyle Davies, Co-Founder of Singapore-based hedge fund management firm Three Arrows Capital talked about why he is so bullish on Bitcoin right now. In the episode of “The Coinist” podcast released on Friday (November 13), crypto analyst/trader Luke Martin interviewed Davies to find out how the latter feels about Bitcoin’s current […]

Newly-Elected U.S. Senator Explains on TV Why Bitcoin Is a Good Store of Value

On Friday (November 13), Cynthia Lummis, the newly-elected U.S. senator for the state of Wyoming, spoke about Bitcoin on live TV during an interview with ABC News. The 66-year conservative Republican, who was endorsed byPresident Donald Trump, was declared the winner of the U.S. Senate race in Wyoming on November 3, thereby becoming Wyoming’s first […]

What Crypto Analysts and Traders Are Saying About Bitcoin’s Current Bull Run

With Bitcoin’s current bull run taking the Bitcoin price above $16,000, it seemed like the right time to see what some of the most prominent crypto analysts, investors, and traders on Twitter are saying about this price rally. According to data from CryptoCompare, in the past five weeks, Bitcoin has had quite a bull run, […]

CNBC’s Brian Kelly on Bitcoin Price: ‘A Lot of Scope for Upside’

On Thursday (November 12), hedge fund manager and CNBC contributor Brian Kelly explained why institutional interest in Bitcoin is increasing and why he expects the Bitcoin price to go a lot higher in the long term. According to his bio on the CNBC website, Kelly is the founder and CEO of BKCM LLC, an asset management firm focused on […]

Acting Comptroller of the Currency Brian Brooks Educates U.S. Senate on Crypto

On Tuesday (November 10), Brian P. Brooks, Acting Comptroller (since May) at the Office of the Comptroller of the Currency (OCC), testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, and as part of his prepared statement, spoke about cryptoassets. Brooks was appearing as a witness at a committee hearing titled “Oversight […]

Legendary Billionaire Hedge Fund Manager Ray Dalio on Bitcoin and CBDCs

During a recent interview with Yahoo Finance, legendary billionaire hedge fund manager Ray Dalio, founder, chairman, and co-chief investment officer of Bridgewater Associates offered his take on digital currencies. The 71-year American whose net worth is estimated to be around $18.7 billion created asset management firm Bridgewater Associates from his New York City apartment just […]

Bitcoin Finally Breaks $16,000, Setting New 2020 High

According to data from CryptoCompare, at 09:50 UTC on Thursday (November 12), Bitcoin finally broke through the $16,000 level before reaching $16,165 (20 minutes later): As you can see from the three-year BTC-USD price chart shown below, this is the highest the Bitcoin price has been since 8 January 2018: Although since then we have […]

Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines

Although some analysts are saying Bitcoin’s price fell yesterday following Pfizer’s announcement about the effectiveness of the COVID-19 vaccine it is developing in collaboration with BioNTech, does this narrative really make any sense? Around 11:50 UTC on Monday (November 9), American multinational pharmaceutical corporation Pfizer Inc. announced that the COVID-19 vaccine it is developing in collaboration with […]

Billionaire Investor Explains Why He Now Likes Bitcoin

On Monday (November 9), American billionaire investor Stanley Freeman Druckenmiller, who was highly skeptical of Bitcoin as recently as last June, now owns Bitcoin as part of his investment portfolio. 67-year-old Druckenmiller, who was named in this year’s Forbes 400 list as the 167th richest person in America with a personal fortune estimated to be […]

Is ‘New Smart Money’ Partly Responsible for Bitcoin’s Price Rally?

On Monday (November 9), prominent on-chain crypto analyst Willy Woo explained why he believes what he calls “new smart money” is responsible for Bitcoin’s latest bull run. Woo, who used data from on-chain market intelligence startup Glassnode, says that he believes that High Net Worth Individuals (HNWIs) are buying the current Bitcoin rally based on the […]

Bitcoin Gets Help From Post-Election Rally and COVID-19 Vaccine News From Pfizer

On Monday (November 9), Bitcoin seems in good shape as the post-election rally that started last Friday continues to benefit both equities and Bitcoin. Furthermore, pharmaceutical giant Pfizer announced some great news about its COVID-19 vaccine. Let’s start with the relief rally that started late last week as projections from various news organizations made it […]

Nouriel Roubini Finally Admits That Bitcoin Might Be ‘A Partial Store of Value’

During a recent interview, prominent economist and crypto skeptic Dr. Nouriel Roubini (aka “Dr. Doom”) talked about the future of central bank digital currencies (CBDCs). He also appeared to have softened his stance on Bitcoin. Professor Roubini teaches at New York University’s Stern School of Business, and is chairman of Roubini Macro Associates LLC, an economic consultancy firm. During 2018, […]

Is MicroStrategy’s $425 Million Investment in Bitcoin the Greatest Bet of All Time?

This past summer, Nasdaq-listed business intelligence company MicroStrategy Inc. “purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million.” Could this be one of the greatest bets ever made by a publicly listed company? When and How Did MicroStrategy Get Into Bitcoin? On August 11, Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: […]

Legendary Value Investor: Bitcoin’s ‘Staying Power Gets Better Every Day’

On Friday (November 6), legendary American value investor William H. Miller III said during an interview that Bitcoin’s “staying power gets better every day.” Miller is the Founder, Chairman, and Chief Investment Officer of investment firm Miller Value Partners, as well as the portfolio manager of mutual funds “Opportunity Equity” and “Income Strategy”. Before starting Miller Value Partners, Bill […]

FOMO and Fed Chair Powell’s Comments Push Bitcoin Price Closer to All-Time High

Fear Of Missing Out (“FOMO”) and Federal Reserve Chairman Jerome Powell’s comments during a press conference following this month’s Federal Open Market Committee (FOMC) meeting helped the Bitcoin price hit almost $16,000. Bitcoin has performed incredibly well during the past one-month period, with the price rising from a low of $10,608 on October 7 to […]

U.S. Stocks May Benefit From a GOP-Controlled Senate, But Why Is Bitcoin Rallying?

U.S. stocks did well on Wednesday (November 4), with the Nasdaq Composite closing 3.85% higher. However, Bitcoin seems to be rallying even harder. This article tries to explain why both U.S. stocks and Bitcoin are going up. Although the election results in the U.S. are not quite clear yet and it might be some time […]

Top Trader and CNBC Contributor Pete Najarian Says Bitcoin Is ‘On Fire’

Recently, during a chat with CNBC anchor Melissa Lee on post-market show “Fast Money“, top options trader and market analyst Pete Najarian shared his thoughts on Bitcoin. Both Pete Najarian and his brother Jon Najarian are former professional football (NFL) players. They have also been excellent professional options traders. Currently, Pete and Jon are professional […]

Morgan Creek Digital Partner: ‘Bitcoin Could Hit 1–3M Dollars in the Next 5 Years’

Recently, Jason A. Williams, Co-Founder and Partner at Morgan Creek Digital Assets, told Norwegian crypto exchange NBX why he is so bullish on Bitcoin. Morgan Creek Digital Assets is a multi-strategy crypto-focused investment firm aimed at institutional clients and wealthy family offices. It was founded by Mark Yusko, Jason Williams, and Anthony Pompliano in 2018, […]

Crypto Analyst on Gap Between Soaring Bitcoin and Unjustifiably Punished Altcoins

On Tuesday (November 3), Simon Peters, a crypto analyst at eToro, the world’s leading social trading platform, talked about the wide gap between Bitcoin and altcoins. In a note shared with CryptoGlobe, Peters said: “Whilst bitcoin has been soaring, altcoins have been sinking, and some are now 50% below their all-time-highs after a rough three […]

PayPal CEO Explains How His Firm Will Increase Utility of Cryptocurrencies

On Monday (November 2), Dan Schulman, President and CEO of PayPal Holdings, Inc. (NASDAQ:PYPL), talked about his company’s recently-announced support for cryptocurrencies. As you may remember, on October 21, payments firm PayPal announced a major move into crypto. According to PayPal’s press release, “the migration toward digital payments and digital representations of value continues to accelerate, driven […]

How Outcome of U.S. Presidential Election Could Affect Bitcoin Price

With less than one day left until the U.S. presidential election, many Bitcoin investors and traders must be wondering how the outcome of the election could impact the price of Bitcoin. Before we discuss the U.S. presidential election, it is worth taking a moment to point out on Sunday (November 1), the day after the […]

Swiss Subsidiary of Russia’s Gazprombank Authorized to Offer Crypto Bank Accounts

Gazprombank (Switzerland) Ltd, the Swiss registered bank that is wholly-owned subsidiary of Russia-based Gazprombank (JSC) has announced that it has received authorization to offer cryptocurrency accounts. The Zurich-based bank, which is regulated by the Swiss Financial Market Supervisory Authority (FINMA), offers “all traditional corporate banking services in Switzerland and abroad.” On Thursday (October 29), the […]

Square’s Crypto Division Wants to Make Bitcoin Wallets More User-Friendly

“Square Crypto”, the crypto-focused division of payment solutions provider Square, has announced that it is giving a grant to Maggie Valentine, a San Francisco-based freelance graphics designer. Square was founded in February 2009, i.e. it is 11 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company’s Chairman and CEO), Jim McKelvey, […]

Bitcoin Just Had Its Second Highest Ever Monthly Close

According to data from CryptoCompare, the day after the 12th anniversary of its white paper, Bitcoin managed to close the month of October at $13,801, which was its second highest monthly in history. Bitcoin recorded its highest ever monthly close — $13,850 — on 31 December 2017, the same month in which Bitcoin’s price reached […]

Bitcoin HODLers Have One More Reason to Celebrate Today

It was this day 12 years ago that Satoshi Nakamato, the pseudonymous creator of Bitcoin, released its white paper. However, Bitcoin HODLers have one more reason to celebrate today (and it has nothing to do with Halloween). It was on 31 October 2008 that Satoshi released Bitcoin’s white paper, which was titled “Bitcoin: A Peer-to-Peer […]

Bitcoin Managing to Keep Its Head While Altcoins Are Losing Theirs

On Friday (October 30), Bitcoin is trading in green territory even though the vast majority of altcoins are suffering losses (vs USD). It is tough being a safe haven asset in times of turmoil. The COVID-19 pandemic seems out of control in Europe and the US. And if that was not bad enough, the U.S. […]

Bitcoin Hovering Around $13,500, Seemingly Unconcerned With Covid Resurgence

Bitcoin is currently trading around $13,500, up 2.18% in the past 24 hours, outperforming all three major U.S. stock indices as well as gold (which is down today). According to data by CryptoCompare, at the time of writing (20:25 UTC or 16:25 ET on October 29), Bitcoin is trading around $13,500, up 2.18% vs USD […]

Crypto Exchange FTX Plans to Launch Support for Trading Tokenized Nasdaq Stocks

On Thursday (October 29), spot and derivatives exchange FTX confirmed that it plans to launch next week a way to trade the tokenized form of select U.S. stocks against cryptoassets (including Bitcoin and certain stablecoins). Tokenization means that it will be possible to buy fractions of popular U.S. stoocks such as Amazon (AMZN) and Apple […]

Circle Co-Founder and CEO Buys Bitcoin Using His PayPal Account

Circle Co-Founder and CEO Jeremy Allaire has become one of the first people in the crypto community to buy BTC using his PayPal account. On Wednesday (October 28), Allaire posted a tweet that shows he was able to buy $100 in Bitcoin using PayPal’s recently-announced service that lets PayPal customers “buy, hold and sell cryptocurrency […]