Analyst: restrictions on regulators allow the stock market to grow
Source:last week, the co-founder of Fundstrat Tom Lee , Yom Kippur Bitcoin will come in April. The coin will reach the bottom after the 17th to drop below 2 thousand dollars, he said. However, by the summer the situation could level off, and by the end of 2018, the cryptocurrency market will grow and will reach "maturity". This was the co-founder of the consulting company Crypto Investment Orchal Partners Adrian Lai.
theCryptocurrency expects growth
Contrary to popular belief that the cause of the fall of the stock market was the attempts of various governments to regulate the industry, Lai believes that the coin dropped due to insufficient supervision. The lack of regulation allows large institutional investors to enter the market, which hampers its development.
Actions of regulators must help the industry to reach "maturity". This will trigger growth and capital inflows in crypto currencies, said the analyst.
The Clear position of the authorities about the digital money will attract big funds. Then the investment will not be forthcoming.
that spring, the era of crypto-currencies will not end, says Tom Lee. According to him, to the end of the year, Bitcoin can grow to 91 thousand dollars. And trader and expert analysis portal TradingView Dmitry Lavrov that the first crypto currency can grow only if the rollback to 7 thousand dollars. If this happens, the rate of coins in the coming months will be able to break the mark of 20 thousand dollars.
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