The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
One of bitcoin's biggest bulls sees a $50,000 future for bitcoin in 2018.
Spencer Bogart, a partner at Blockchain Capital, thinks the controversial cryptocurrency will continue to perform, as long as both retail and institutional investors get involved and stay there.
On the institutional side, there is only room to move up, according to Bogart. And surveys show growing interest in bitcoin ownership from retail investors, especially young ones.
"Institutional ownership is still effectively zero percent. There's a lot of room for upward movement here," Bogart said on CNBC's "Fast Money." "The drawbridges for institutional pools of capital have just been lowered."
Bogart admits bitcoin is still new, calling it a "bit of an exotic product for institutional investors," but he is confident the popularity will eventually trickle down to these investors, even if they sit out a couple of rounds to focus on derivatives.
"If institutional players want to play in this market, they'll dip their toe in the water or wait on the sidelines to see if the products themselves function," Bogart said. "This is a first round of product set that's going to evolve and mature and eventually become a deep market."
But much of Bogart's confidence comes from bitcoin's popularity among young adults. He referenced a Harris Poll for Blockchain Capital that found 19 percent of Americans and 32 percent of millennial Americans said they would invest in bitcoin in 5 years.
"When I think about what are likely good indicators of future technology trends, I pick younger demographics over older demographics every time," he said.
In the blockchain versus bitcoin debate, Bogart said it will still be important to focus on bitcoin in the coming year. But the verdict is out on the long-term value, so he'll keep investing in both, he said.
"There's certainly a thesis that suggests that a lot of the value accrues to the underlying protocols like bitcoin, ethereum, litecoin," he said. "But I think that there is a lot of value accruing to the businesses built on top of these networks. The Ripples of the world, the Coinbases of the world, are worth a significant amount of capital right now."