Even the Bitcoin bulls do not expect a trend reversal. Mike Novogratz of kryptonite

Date:

2019-02-03 16:30:09

Views:

52

Rating:

1Like 0Dislike

Share:

Even the Bitcoin bulls do not expect a trend reversal. Mike Novogratz of kryptonite

The Legend of wall street with extensive experience in institutional trading, a few years ago, he dedicated himself fully . He was then told, bitcoin has so much potential that was felt in the Internet at the stage of its origin. In cryptosuite began to notice that Mike Novogratz regularly wrote about Bitcoins in 2017 and early 2018, and now began to fall from sight. This trend emerged in the last several months when Bitcoin and other cryptocurrencies began to decline.

However, writes Ethereumworldnews recently it came back again. Moreover, with even greater passion and love for the chosen activity. On Friday, Novogratz published the tweet in which he admitted that he had gone for a long time. However, he immediately assured in the stability of Bitcoin for at least several months.

According to the head of Digital Galaxy, institutionalism always need more time to lose. At the same time, Novogratz cautious and gives some forecasts and expectations, as institutional products by type Bakkt, from VanEck/SolidX or custodial services Digital Asset Services has not been started. Special emphasis was placed on the fact that almost all institutional products and platforms was postponed due to various reasons – from a shutdown of the U.S. government to compliance with regulations.

The bulls of wall street, large private banks and wealthy private investors sooner or later will begin to flock to this space, and while much work over the infrastructure. That is, despite the uncertain immediate future for Bitcoin and alternative cryptocurrency enthusiasts still believe in their bright future.

The More data you look at . The current rate of coins can be found in our classroom .

Recommended

Ethereum community continues to vote for ProgPoW. What will the developers?

Ethereum community continues to vote for ProgPoW. What will the developers?

For the integration ProgPoW in almost 3 million from supporters of the ETH algorithm. Recall, a new principle of extraction of Ethereum should once and for all end the benefits of ASIC mining in the network of cryptocurrency. According to some crypto...

Bitcoin goes to a new record for the number of transactions. Waiting for bullrun?

Bitcoin goes to a new record for the number of transactions. Waiting for bullrun?

the number of transactions moving towards a new peak, which was not December 2017. All this is happening despite the bearish trend in length in 14 months. In addition to the increase in the number of transactions in the Bitcoin network, the world's l...

4 major misconceptions about the storage of cryptocurrencies. Version CEO of Coinbase

4 major misconceptions about the storage of cryptocurrencies. Version CEO of Coinbase

co-Founder and CEO of the American crypto currency exchange Coinbase Brian Armstrong decided to debunk four of the most common misconceptions about custody solutions for cryptocurrencies. His article was in the column of The Ledger of Fortune magazin...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Mining is dead: how PoS helps you to earn money even in a bear market

Mining is dead: how PoS helps you to earn money even in a bear market

After reaching a record rate has been more than 410 days, which means the current bear market was the longest for major cryptocurrencies. Drop digital assets caught many traders by surprise, because they were not ready for the los...

Died the founder of QuadrigaCX. Now the crypto currency exchange is not able to find $ 145 million

Died the founder of QuadrigaCX. Now the crypto currency exchange is not able to find $ 145 million

After the sudden death of founder Jerry Cotto a crypto currency exchange QuadrigaCX were missing cryptocurrencies to $ 145 million. According to local newspaper the Globe and Mail, the company can't find or access the funds on Dec...

Cusines: Bitcoin has set a new record for the length of the fall

Cusines: Bitcoin has set a new record for the length of the fall

the Current downtrend has officially become the longest in the 10-year history . Recall that the main cryptocurrency has reached a historic high of 19 764 $ 17 Dec 2017. Since the asset now 412 days constantly dropping in price. T...