The founder and CEO of the consulting company deVere Group, Nigel Green, believes that the new “bottom” for bitcoin is now at around $ 10,000.
“Looking at the movement of the Bitcoin exchange rate this year, I believe that the new minimum price is $ 10,000. It goes near this level, and if it drops below, it quickly shoots up. On Monday, we observed such a movement – the first cryptocurrency exchange rate soared to $ 10,500 in a matter of minutes, ”Green said.
In his opinion, factors such as the trade war between the US and China, the UK’s exit from the European Union, infrastructure improvements in the Bitcoin network and the expected mining bonus halving expected in May 2020 contribute to the increase in the price of Bitcoin. The popularity of the first cryptocurrency is growing, especially since many investors are trying to get away from geopolitical risks and keep their assets in bitcoin.
Note that a similar point of view was recently expressed by the head of the OTC trading division of the cryptocurrency exchange Kraken Nelson Minier.
Earlier, Green was not so sure about Bitcoin and said that the dominance of the first cryptocurrency would decline, and at the end of 2018, he announced that XRP and ETH would surpass Bitcoin.