Dropped why Bitcoin? Five reasons the analyst Jonathan Chisman
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For fall of Bitcoin in early September, had five of quite specific reasons, and the first cryptocurrency in the near future will be restored. In an interview, said analyst and partner of investment company Distributed Global Jonathan Cheeseman.
theWhen I grow up Bicton? The analyst
According to Chisman, the first cryptocurrency has fallen due to macroeconomic instability, the dominance of speculative capital, regulatory uncertainty, the prevalence of short sales and fraud.
The Long fall of the cryptocurrency will not prevent them to recover, says Cheeseman. In recent years, the infrastructure around digital money-has significantly strengthened, regulators close to making decisions about the fate of the market, and the number of investors who believe in the cryptocurrency is growing.
The Situation of traditional Finance is becoming more dangerous and economic crisis in developing countries such as Turkey and Venezuela as a good example. Store of value can be gold, but it is archaic. Cryptocurrency is a great alternative to Fiat, more practical and understandable to a new generation.
Cheeseman added that by 2018, the stock market was not infrastructure, focused on institutional investors. That is why the big players still not come on the market — they simply had no place to safely store coins, and failed to predict future market behavior. However, now the situation has changed, and the market will grow, says the analyst.
Sunday analyst Dan Roberts from Yahoo Finance that can grow, but its rate will never return to 20 thousand dollars. The market situation at the end of last year he called "podverzhdennyh machinations" with the price of the coin.
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