RATE Group | Bitcoin [BTC] and other cryptocurrencies’ market cap will be in the trillions, says Vinn…
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Bitcoin [BTC] and other cryptocurrencies’ market cap will be in the trillions, says Vinn…

23 Nov Bitcoin [BTC] and other cryptocurrencies’ market cap will be in the trillions, says Vinn…

Posted at 03:40h in Bitcoin News by

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Vinny Lingham, the CEO, and founder of Civic, an identity protection, and management startup discussed the current condition of the cryptocurrency markets, the crash of Bitcoin and the possible reasons for the crash.

In the interview with CNBC, Vinny Lingham explained that the crash was not over yet and that Bitcoin hasn’t really hit the bottom. According to him, the market is in a “despair state” because Bitcoin has dipped below the $5,800 support which most people considered as the bottom for Bitcoin’s downward spiral.

He went on to say that the bottom for Bitcoin might be just around the corner but one can’t really be sure about it, and it could either way. Lingham said:

“My best guess would be somewhere between $2,000 to $3,000, but it could go lower it might be higher but you know, it’s not $500 obviously but I think the current $4,000 level is getting closer.”

Lingham added that he wasn’t just guessing the bottom and that it was based on…

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