Partner at Blockchain Capital Expects Further Bitcoin Price Increases

2018-7-26 21:23

Spencer Bogart, a partner at Blockchain Capital, believes that Bitcoin is poised for more upward price movement, given the plethora of positive signs in the market. The blockchain venture capitalist also agrees with those who say that BTC hit its price floor in June 2018.

Numerous Market Conditions Can Cause Bitcoin’s Price to Increase Further

In an interview with CNBC, Spencer Bogart highlighted the unique nature of the current BTC price rally. According to Bogart,

“Bitcoin is kind of a tinderbox right now, waiting for reasons to go higher. Any number of catalysts could send bitcoin exploding higher.”

The current Bitcoin price gains have come at a time when China and the United States are locked in a trade war. Beijing has responded by devaluing the country’s fiat currency. Consequently, BTC has become a valuable option for wealthy Chinese individuals looking to maintain their holdings; no one wants to store wealth in a currency that is being significantly devalued.

Not only in China, but in South Korea and Japan, the BTC trading volume has experienced a significant spike as a result of trade tensions and the need to hedge against uncertain market conditions. There are also rumors of a favorable SEC decision regarding Bitcoin ETFs.

Bogart sees all of these market conditions as reasons why the price of BTC can still materially increase in the coming weeks and months.

During the interview, he also expressed the belief that BTC had bottomed out for the year. Recently, Digital Currency Group CEO, Barry Silbert also made the same proclamation.

Bitcoin is Perhaps the ‘Best Cryptocurrency’

This isn’t the first time that Bogart has expressed optimism towards the future of the BTC market. In May 2018, he described Bitcoin as being one of the best cryptocurrencies. According to Bogart, the top-ranked virtual currency was among a select few coins that were excelling at their stated objectives.

At the time, BTC was trading at the $7,400 mark. He predicted that the price would decline before rallying to close out the year at $10,000. The first of his forecast came true in mid-June, but it remains to be seen whether Bitcoin can hit $10,000.

At the time of writing this article, the price of BTC is holding steady at $8,200.

The post Partner at Blockchain Capital Expects Further Bitcoin Price Increases appeared first on UNHASHED.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0069115 (+0.43%)
Объем 24H $19.964k
Изменеия 24h: 5.59 %, 7d: -54.97 %
Cегодня L: $0.006708 - H: $0.0069115
Капитализация $505.026k Rank 2069
Цена в час новости $ 2.05791 (-99.66%)

price bitcoin blockchain further partner capital market

Источник: unhashed.com

price bitcoin → Результатов: 126


Фото:

Bitcoin To $240,000: Analyst Cites Key Narrative As Catalyst

Bitcoin price has fallen by over 10% after briefly touching its all-time high of $69,000, propelled by investors’ flood of money into BTC Spot Exchange-Traded Funds (ETFs). However, intense volatility surrounding the crypto asset’s price has triggered a rebound to the $68,000 mark, which highlights the return of positive enthusiasm, prompting predictions of a significant rally to an unprecedented height.

2024-3-9 19:00


Bitcoin approaches its $69k all-time high price: Should you start buying BTC-related projects?

Key takeaways BTC continues to trade around $62k as it closes in on its all-time high price. Bitcoin Dogs’ presale will end in 12 days and has already raised over $6.3 million Bitcoin eyes its all-time high price of $69k The crypto market was bullish this week, adding 20% to its value in the last […] The post Bitcoin approaches its $69k all-time high price: Should you start buying BTC-related projects? appeared first on CoinJournal.

2024-3-3 00:16


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Judge orders the U.S. SEC to pay $1.8M in Debt Box case dismissal

Judge dismisses U. S. SEC’s case against Debt Box, orders SEC to pay $1. 8 million in fees. The Ruling cites SEC’s bad faith conduct in obtaining asset freeze order. Debt Box calls the court’s decision a significant victory against regulatory overreach.

Riot Platforms wants to buy Bitfarms for $950 million

Riot Platforms offers $950M to acquire Canadian Bitcoin miner Bitfarms. Bitfarms is facing leadership turmoil amid CEO Geoffrey Morphy’s lawsuit. The merger would create largest publicly listed Bitcoin miner by capacity.

Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch

Notcoin price surges 33. 42%, reaching $0. 006884 after community votes favor it over Bitcoin. New NOT airdrop and earning missions boost user engagement and investment interest. Notcoin (NOT) is currently on its way back to its Binance listing price Notcoin (NOT) price has seen a remarkable surge in its price, climbing by over 33.

Toncoin price: What next for TON as TVL surpasses $300 million?

Toncoin price bounces as total value locked (TVL) on the TON Blockchain surpasses $300 million. DeFiLlama data showed TON Blockchain’s TVL at $315 million, up from $156 million on May 1. Telegram related news and Pantera Capital’s investment have been notable catalysts for Toncoin (TON).

OKX withdraws VASP license application in Hong Kong

OKX withdraws VASP license application in Hong Kong. The exchange will cease trading services by May 31. Users can withdraw funds until August 31. OKX has announced the withdrawal of its Virtual Asset Service Provider (VASP) license application in Hong Kong.

Pepe price hits new all-time high: here’s why it’s soaring

Pepe price hits $0. 0000142 ATH, showcasing its resilience and market prominence. Ethereum’s surge and altcoin rotation among the factors fueling Pepe’s rally. Despite early investor profit-taking, bullish sentiment persists, fueled by whale activity.