10 FINTECH leaders predict that BTC will exceed $9,500 by the end of 2019

10 FINTECH leaders predict that BTC will exceed $9,500 by the end of 2019

Anthony Grisanti, a cryptocurrency trader at the New York Mercantile Exchange (NYMEX), said in an interview with CNBC that bitcoin prices will be adjusted back to $7,000 in the short term and adjusted.

He revealed that Bitcoin trading volume has declined in the past few trading days, indicating that investors will not return to the market with the same buying power as in previous weeks.

In addition, cryptocurrency fund manager Brian Kelly told CNBC that halving bitcoin production would help its prices rise further in the coming months.

Not long ago, the strategist of US banking giant JP Morgan Chase said that the recent gains in Bitcoin may be ahead of the game and have exceeded its "inherent value."

“In the past few days, the actual price of (Bitcoin) was significantly higher than the marginal cost. The difference between the actual value and the intrinsic value echoed the peak at the end of 2017. At the time, this difference was mainly solved by lowering the actual price. ”

As of press time, Bitcoin offers $7652, a 24-hour drop of 3.88%. (New Finance)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

News

Crypto company BlockFi secures $ 30 million in funding, Silicon Valley legend Peter Thiel's venture capital agency leads again

BlockFi today announced $ 30 million in funding. In 2018, the New York-based company raised $ 1.55 million in funding...

Blockchain

BlockFi CEO: Stabilize the market value of the currency or exceed BTC within five years

BlockFi Lending LLC is a "secured non-bank lending institution" that specializes in providing cryptocurrenc...

News

Bitcoin lending services really make money? BlockFi won a $18.30 million Series A financing from a number of well-known institutions

Encrypted asset lending startup BlockFi announced on Tuesday that BlockFi received $18.3 million in Series A funding ...