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

Date:

2018-10-02 00:45:06

Views:

47

Rating:

1Like 0Dislike

Share:

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.

Recommended

Odyssey (OCN) increased by 30 percent. Rumor about listing coins on OKex

Odyssey (OCN) increased by 30 percent. Rumor about listing coins on OKex

Odyssey — a kind of Uber/Airbnb on the blockchain. The project developers are working in Singapore and work closely with Tron. No wonder, because the Creator of the TRX is the main Advisor of a startup. The main goal of programmers is to create a fun...

In Yekaterinburg, a criminal gang staged a mass brawl because of cryptomancer

In Yekaterinburg, a criminal gang staged a mass brawl because of cryptomancer

Cryptocurrency is dangerous. Coin holders are often victims of swindlers and criminals, and they sometimes even have to protect his life. For example, when the digital money trying to sell in person. In Yekaterinburg because of cryptocurrency was a m...

When will the lateral movement of Ethereum, and what will happen next? Response graphs

When will the lateral movement of Ethereum, and what will happen next? Response graphs

the Price of Ethereum continues to consolidate against the dollar and Bitcoin. ETHUSD trading pair will soon test the area of $ 210. At the moment the air is trading around $ 206. For proshedshie day coin lost nearly 1 percent of its value. The Gener...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

Revolution: Binance working to create its own decentralized exchange

Revolution: Binance working to create its own decentralized exchange

the Largest crypto currency exchange Binance will launch its own decentralized marketplace (DEX) to the end of the first quarter of 2019. We will remind, earlier CEO Binance, Chanpen Zhao that decentralized exchanges are the futur...

Analyze graphs: whether the rise of Bitcoin this week?

Analyze graphs: whether the rise of Bitcoin this week?

the Symmetrical triangle on 4-hour chart, it seems, is the key impediment to Bitcoin. the Overall situation looks like this: the the the price of bitcoin has broken the upper line of the triangle, but again fell back down to test...