Bitcoin’s New Bottom Is $10,000 USD, Prices To Go Up, deVere CEO Affirms
The CEO of the deVere Group, Nigel Green, has recently published his latest opinion on the Bitcoin market on his blog. According to him, Bitcoin is having a great time right now and the $10,000 USD mark has been solidified as the new bottom of the market.
He defined the price as the “new normal”, arguing that prices have been stable at this mark for quite some time now. This, the CEO affirmed, will push prices up in the future. Green predicts that the price of the token can climb up to the $15,000 USD mark soon.
There are four reasons which were given to why the price of Bitcoin would go up so much. The first one is the most obvious: the U. S.-China Trade War and Brexit happening right now. According to him, the whole financial market will be shaken and people will look to Bitcoin while trying to escape from the chaos.
The second reason is that the technicals are all pointing towards an increase in price. The hash rate is higher than ever and this gives more confidence to the investors. There is also a halving in price rewards set for the next year and the token often faces booms after that.
Finally, public awareness about BTC is constantly increasing. Cryptos are finally becoming mainstream and banks are starting to use the blockchain technology. This is set to influence prices and turn Bitcoin into the future of money. He concluded by affirming that these four aspects will lead the change and that they will have positive effects on the network.
Bitcoin’s price is $47,425.76 BTC/USD exchange rate today. The real-time BTC market cap of $887.38 Billion currently ranks #1 with a chart dominance at 62.37%, daily trading volume of $27.48 Billion and live coin value change of BTC -4.53 in the last 24 hours.