Bitcoin will jump to 10 thousand dollars, but for digital gold earlier
Source:
A Guest of the last issue of Fast Money on CNBC was made by the CEO of cryptocurrency Trading broker Genesis Michael Moreau. Quickly get to the bottom, host Melissa Lee asked the eternal question about whether or not Moreau Bitcoin digital gold. In response, he singled out one of the long-standing positive characteristics of scriptactive – lack of correlation with capital markets. His behavior is not like that all used to seeing on the world stock exchange. However, although Bitcoin has characteristics in common with physical gold, it is too early to consider it the digital equivalent of gold.
According to Moreau, the investors think it is digital gold and see it as an opportunity to acquire valuable assets in the long term. But the coin has yet to prove to us their ability. Such a possibility is not excluded, because Bitcoin is already de facto used as a digital equivalent value.
theBTC for 10 000 is not far off
One of the program participants Brian Kelly referred to a recent report by Genesis Capital. He asked the investor that indicate whether the performance of the company Genesis on the achievement of the cryptocurrency market, the long-awaited bottom?
According to CEO of the $ 130 million that Genesis was distributed as loans, only a third is used for active shortening of the market. This leads Moro to the idea that the cause of deflation cryptopsaras at the end of 2017 was not a game for a fall. On the contrary, the bubble deflated, because «Hodler» began to drain savings. Pessimistic retail or institutional investors nothing to do with it.
This sequence of thoughts led Moro except another belief that BTC will soon be over 10 000. He concluded his words on CNBC the following:
When I last was on your show, I said that course would rather ten thousand than five. It turns out I was right. Therefore, I will continue to stick to its forecast. From reports of our company can conclude that we are unlikely to see flat on level 5000. But I will refrain and I will not predict any specific date for the potential growth.
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