This was stated by Kir Kelevra at the international BlockchainUA 2019 cryptocurrency conference. The crypto-trader and founder of the Bitup.io investment platform is sure that the peak digital gold icon should be expected.
Where does such confidence come from?
Kir Kelevra expressed his position: "For me, there is no forecast now, which gives any price of the course accurate. I can say only one thing about the course – it will grow and if you have enough time, then acquiring an asset like Bitcoin – you will definitely remain in the black. People who bought it for $500 and sold it for $10000 are good. People who bought for $20000 will also wait for an even higher growth rate – it's 100%."
The Bitcoin exchange rate says the opposite
Now the growth of Bitcoin is rapidly falling. To date, the rate has been $8,427.75. The cost of digital currency has decreased by 40%. According to the CoinMarketCap portal, in less than a day, the losses of Bitcoin owners amounted to more than $25 billion.
Reasons for the fall of the course
The experts have many reasons for what is happening: the impeachment of US President Donald Trump, the transfer of the decision by the US Securities and Exchange Commission (SEC) to authorize the launch of an exchange-traded fund (ETF) to Bitcoin, the low demand for tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details on the Bakkt futures product, which is settled in real Bitcoins and etc.
Bitbull Capital’s cryptocurrency fund CEO Joe di Pasquale said: "Bitcoin’s last fall was due to technical and fundamental factors, including a break in the consolidation range, weak launch of Bakkt futures and an unexpected drop in BTC hashrate."
What to expect from digital gold?
Experts and critics of the cryptocurrency world evaluate the further development quite differently. For example, one of the most ardent critics of BTC – Peter Schiff, believes that after a breakdown of the downward triangle, there is a high risk of Bitcoin quickly falling to $4000 or even lower. And vice-president of the Russian Association of Crypto-industry and BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details Valery Petrov, on the contrary, claims that in the future, Bitcoin will return to a level of more than $10000. In his opinion, a decrease in the hashrate can most likely be considered as a halving of the miners remuneration planned for May 2020: from 12.5 BTC to 6.25 BTC for each new block. This, in turn, should reduce the growth rate of the volume of coins in circulation and, accordingly, increase the exchange rate.
It is worth noting that the conference also addressed topics such as the features of the current miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details and trading of cryptocurrencies, the forecast for the development of the Blockchain sphere, its application for business, as well as the specifics of conducting its own ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details. In total, the event was made by 20 speakers and was attended by 1000 participants from around the world.
- The main cryptocurrency did not show growth, taking with it lower and lower the cost of other cryptocurrencies.