Despite Bitcoin at Lowest Levels Since November, #crypto bull @CryptoHayes Adamant Bitcoin to Hit $50K
Those who have been following bitcoin may certainly be aware of the serious decrease in its value. The decrease in value has caused investors to worry, but it appears that are not all are concerned about bitcoin’s future. #cryptobull @CryptoHayes stands firm in his belief that bitcoin is heading to $50K.
— CNBC's Fast Money (@CNBCFastMoney) June 29, 2018
In an interview with CNBC’s Fast Money Hayes stated, that he “absolutely” stands by his $50K prediction. In support of his position, Hayes stated that “I think that something that goes up to $20,000 in one year, I think we could definitely find the bottom in the $3,000 to $5,000 range, but we’re one positive regulatory decision away. Maybe an ETF, you know approved by the SEC to climbing through $20,000 and even to $50,000 by the end of the year.” They did talk about the ETH security decision and wondered what would help Ethereum.
Unfortunately, the market is still waiting for that SEC decision and in light of the recent challenges exchanges and investors have been facing with the SEC, it is questionable as to whether a “positive” decision will actually take place.