Bitcoin [BTC] can be ‘resurrected’ back to its high of $20,000, claims Erik Finman

2019-6-11 01:30

The recent market sentiment towards cryptocurrency has been optimistic as virtual assets have collectively witnessed major surges since the start of 2019. The situation before the start of 2019 was considered the “longest crypto-winter” since the inception of Bitcoin, as the market suffered a devaluation of almost 90 percent in price.

However, the price soon rebounded, and Bitcoin was again one of the leading assets in 2019 and outperformed the likes of S&P 500 and traditional commodities like Gold.

Now, Erik Finman, the famous teenage crypto-millionaire, who previously had proclaimed that Bitcoin was “dead”, is in the news after he claimed that he and the crypto-community could collectively come together and “resurrect” Bitcoin’s prices back to its height of $20,000.

Erik Finman stated that one of the major reasons why crypto-assets were substantially pumping was the involvement of major organizations in the cryptospace. With the likes of Facebook launching their own Libra coin and U.S presidential candidates promoting Bitcoin, the market has witnessed consistent growth.

Erik Finman said,

“2019 is the new 2017 for bitcoin and cryptocurrency. Cryptocurrency is hitting its stride and all the things happening in the tech and finance industry right now are boosting bitcoin and crypto. Blockchain is the cutting edge.”

Finman suggested that to improve the adoption rate of Bitcoin among a wide range of users, the network needs to lower transaction fees and speed up transactions. He emphasized that it was important to remain “competitive in a crypto-crowded ecosystem.”

He added,

“People who live and breath bitcoin, working closely with others who are in the same positions as themselves, can sometimes forget that they need to on-ramp new people who aren’t yet into crypto.”

Finman also opined that WHEN token was the next big thing in the world of virtual assets. The cryptocurrency is based out of WhenHub, an organization that encourages content creators to grow in an ecosystem where experts and learners are able to pay each other through WHEN tokens, instead of actual cash.

The post Bitcoin [BTC] can be ‘resurrected’ back to its high of $20,000, claims Erik Finman appeared first on AMBCrypto.

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“Bitcoin and Litecoin are dead, but I am in love with Ethereum and ZCash”, says teenage bitcoin millionaire

Erik Finman made his first million in Bitcoin thanks to a $1,000 gift from his grandma, at the age of 12. He ended up dropping out of high school, working the cryptocurrency game, and starting his own online tutoring company – which he sold for 300 bitcoins (worth approximately $60,000 at the time).

2018-12-15 23:56


Bitcoin Price Set for Breathtaking Moonshot on the Back of Rising U.S. Debt, Says ShapeShift CEO Erik Voorhees

Erik Voorhees believes the price of Bitcoin will increase on the back of skyrocketing U. S. debt. The Chief Executive Officer of ShapeShift – a Swiss-based cryptocurrency exchange platform, believes that with rising debt profile, investors will have no choice but to invest in virtual currencies leading to the inevitable rise in the price of Bitcoin.

2018-11-12 18:23


XAPO CEO Wences Casares Says Bitcoin’s Intellectual Experiment “May Work, It Might Not”

XAPO CEO and Renowned “Patient Zero” Says Bitcoin “May Work, It Might Not” CEO of the bitcoin wallet and vault (XAPO), Wences Casares sat down with Bloomberg’s Erik Schatzker to discuss volatility of the crypto sphere, along with where Bitcoin might be headed on Monday, October 29, on Bloomberg’s market. Casares is definitely rooting for […]

2018-10-30 20:07


ShapeShift CEO Enters Bitcoin Battlefront, Calls Out Wall Street Journal’s “Crypto for Criminal Money” Story

Cryptocurencies are often criticized for many reasons. Some of them are valid and others are not, but in either case they can be infuriating for the people in the industry sometimes. Fury is probably the sentiment that has driven the CEO of ShapeShift, Erik Voorhees, to bash the Wall Street Journal for a recent publication […]

2018-10-2 02:47


Major Takeaways From Financial Economist Peter Schiff’s Bitcoin Discussion

Erik Voorhees, an important cryptocurrency entrepreneur and CEO of the exchange service ShapeShift, met with the bitcoin detractor and bear Peter Schiff in New York City on Monday July the 2nd. During a debate series hosted in Manhattan by the Soho Forum, the two figures were debating about the famous virtual currency and the cryptocurrency […]

2018-7-3 22:55


Ôîòî:

Shapeshift defeated the CEO Bitcoin debate Peter Schiff

News “Bitcoin, or a similar form of cryptocurrency, will eventually replace governments’ fiat money as the preferred medium of exchange” was the resolution for a rollicking debate between Shapeshift CEO Erik Voorhees (affirmative) and Euro Pacific Capital Inc CEO Peter Schiff, prominent cryptocurrency skeptic (negative). Erik Voorhees Vanquishes Peter Schiff at Sold Out New York

2018-7-3 14:15


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