Digital Currency Group's Barry Silbert Says Bitcoin Price Has Bottomed Already in 2018

New Digital Currency Group Silbert Picks Up More Bitcoin, Hits Bottom

The business, Digital Currency Group’s member, Barry Silbert is a huge advocate for Cryptocurrencies to be used a class of assets.

Digital Currency Group Barry Silbert stands optimistic on investing in Bitcoin. According to him, the bottom has been hit this year. He remarked that he recently put money into Bitcoin last week while Delivering an Alpha Conference Report in NY on Wednesday. It’s here to stay 100% – he’s completely confident in the decentralized network, non-fiat is the money of the future.

The cost of Bitcoin is about $7,380 today on Wednesday, down almost 60 percent in value since it rose to $19,000 in December of 2017.

Circle’s Jeremy Allaire who spoke at the session as well, about cryptocurrency, believes that blockchain technology is going to serve as the staple platform for a series of new technological advancements about to be released in the near future.

There is a new framework happening on the internet. It’s going to take over what is already happening, becoming the new future internet. It’s not only about virtual currency or digital gold, it’s about advancing the internet altogether.

Barry Silbert is the CEO and founder of Circle, a firm that focuses on cryptocurrency investing, also backed by the powerful Goldman Sachs and Baidu.

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