When will be the growth rate of Bitcoin? An expert forecast

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2018-10-02 00:45:06

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When will be the growth rate of Bitcoin? An expert forecast

Bitcoin is ready for growth, and the bulls will come on the market in the near future. This was stated by the founder of the Bank Galaxy Digital Mike Novogratz, his words are quoted .

The Analyst said that the growth may begin in the first half of 2019, and this year is the first cryptocurrency will finish roughly at the level at which is now. Novogratz added that the basis for growth will be the arrival on the market of the giants on the type of Starbucks and Microsoft. Now they relate to bitcoin a lot more seriously than before.

In the near future, institutional investors will come on the market of cryptocurrencies — at least from-for fear to lose their benefits, so-called syndrome of FOMO.

Very soon the Bitcoin will be included in the portfolio of many investors, and ordinary people will regard it as an alternative to gold, he added.

Novogratz also commented on the comparison of the boom of the marijuana market with the rise of Bitcoin at the end of last year. According to the investor, sale of cannabis are unlikely to grow more than a few decades, but this market has similarities with cryptocurrency. Both assets have intrinsic value, which will be the main factor of their development in the coming years.

The growing number of companies that are working to create a service based on cryptocurrency, will allow it to penetrate not only in investors ' portfolios, but pension and insurance funds.

The founder of the Digital Galaxy as the head of the world's largest cryptocurrency exchanges Binance Chanpen Zhao, I agree with the future growth of Bitcoin in early 2019. The latter declares that it makes no predictions and does not give advice to traders regarding the appropriate timing of investment in cryptocurrency.

Previously we wrote as a family of Japan, almost all their savings because of the FOMO syndrome. The yield of institutional investors to the market is certainly good, but sometimes the professionals should soberly assess the risks. Especially in a bull market.

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