$1 Million: IBM Crypto Chief Sets Massive Bitcoin Price Target

IBM VP of Blockchain and Digital Currencies Jesse Lund is bullish on Bitcoin – so bullish, in fact, that he set a long-term $ 1 million price target. Bitcoin Price Has Million-Dollar Potential Lund revealed his long-term Bitcoin price target at the recent Think Conference, in an interview with Fred Schebesta. The IBM executive pointed out that the higher the price of a crypto asset, the more utility it has. Therefore, he thinks people should focus less on the moving prices of crypto assets and more on their utility. “If the price of Bitcoin were higher, there would be more liquidity on

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Bitcoin Needs to Kiss the Government’s Ring, Claims CME Chief Terry Duffy

Crypto will never be anything more than a fringe investment until it gets government backing. That’s the assessment of Terry Duffy, the CEO of top derivatives marketplace CME Group.  Duffy told Bloomberg that resistance to crypto is too great to overcome without institutional support from a central authority such as the government (see video above starting at 9:40). “Until governments really start to accept cryptocurrencies in some way, shape or form, it’s going to be difficult for the major commercial to get gung-ho on bitcoin or any other cryptocurrency.” Bitcoin Requires a ‘Lot of Controls’ Duffy notes that he

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Apple’s Retail Chief Calls it Quits – Will Her Shocking Departure Throw Tim Cook’s Successsion Race Wide Open?

Apple’s senior vice president of retail, Angela Ahrendts, will be leaving the company in the next two months. Ahrendts has been serving as the iPhone maker’s retail chief since 2014. She was the highest-ranked female executive at Apple and a top candidate to succeed Tim Cook as CEO. Before joining Apple, Ahrendts was the CEO of British luxury fashion house Burberry Group PLC. Ahrendts will be succeeded by Deirdre O’Brien, who has been an Apple insider for about three decades. Apple to Combine Human Resources and Retail Head Roles Currently, O’Brien is the human resources vice president. Her new title

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