While the cryptocurrency market has performed far from the price rallies it has caught in recent months, most of the predictions of Bitcoin bulls for 2018 seem to have already collapsed. they started to share. Speaking to Bloomberg, Sonny Singh, COO of Bitcoin payment system company BitPay, thinks that 2019 will be good days for Bitcoin. He added that the turn of companies such as ICE (Bakkt) towards Bitcoin is a clear indication of the interest of institutional investors in cryptocurrencies. ICE, the parent company of the New York Stock Exchange, announced that it would accelerate the adoption process of Bitcoin by announcing the Bitcoin initiative Bakkt.
Waiting for the Approval of Bitcoin ETF
Expressing that he believes the SEC will take a positive decision regarding the Bitcoin ETF, Singh emphasized that Bitcoin can set a new all-time record within this development;
“Ba Otherwise, if these authorities allow the products to come out, we may see the price reach $15,000, or even $20,000 by the end of the year.”. Pioneer and leader of the market. Many products are being developed on its future.. Others are uncertain. Confidence in the future of Bitcoin is still intact, but alternative cryptos are unlikely to survive without Bitcoin.” He expressed his thoughts with these words.
Bitcoin, the number one currency of the cryptocurrency world, is trading at $4.315 according to Coinmarketcap data, and at 22,910 Turkish liras according to BTC Turk data as of publication time.
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