Inaccurate direction: to pass in front? Bitcoin has already gained 10% in July | message

2018 is a difficult year for crypto investors. Since January, the value of the largest digital currency, Bitcoin, has declined by more than half. With $ 5,774, Altcoin marked the lowest level of the year at the end of June. But since July, the cyber-equipment goes up: a price increase of ten percent since the beginning of the month allowed some investors to feel a new bull market.

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Soil found?

If the pace continues, Bitcoin could soon find the psychologically important mark of $ 7,000. But if the upward trend is lasting or if the volatile crypto market marks other annual cuts, experts disagree.

Even cops among Bitcoin observers can not come to a clear prediction. Clem Chambers, CEO of the ADVFN Financial website. Although the expert once again predicts that bitcoin prices are close to the historic highs, before that, it is highly likely that he will experience another mbadive price drop. At the CryptoCompare MJAC Blockchain Summit, he said that Bitcoin was fit for the future and would probably be part of the future for a long time. "But before it reaches $ 20,000 again, it will probably fall to $ 2,000," he said.

Other cryptography experts join this forecasting development. In addition to Clem Chambers, Arhur Hayes, the CEO of BitMEX, a praiseworthy company for encryption, badumes that the digital currency may not have found its way. Although the expert told CNBC that it would be possible to increase it to $ 50,000 by the end of the year, for example, if the US Food and Drug Administration Securities approved a Bitcoin ETF. Previously, crypto-but will first find their bottom at 3000 to 5000 US dollars.

Positive news for the crypto-market

The news for digital currency is currently mostly positive. Thus, only the end of last week, the largest European trader ETF, Flow Traders, had announced entry into the company with crypto ETNs. ETNs must be traded on Ethereum and Bitcoin. In Switzerland too, trust in the crypto-market seems to be a future field. Last week, the broker SIX announced that "SIX Digital Exchange" will launch a new trading platform for Bitcoin & Co. The platform aims to enable the "tokenization" of existing securities, but also other badets. However, officials did not want to say what specific products had been launched.

There was also little headwind on the regulatory side. Earlier this month, Thailand legalized Bitcoin, Ripple, Stellar, Ethereum, Bitcoin Cash, Litecoin and Ethereum Clbadic with a new law. Cryptobrush trading and initial coin offerings will need to be paired with one of the legalized crypto-legalisations.

Recent positive news has at least halted the descent of Bitcoin & Co. However, experts do not agree on whether a new bull market has already been used.

Editors finanzen.net

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