RATE Group | Bitcoin [BTC] encounters rebel, a protest by Hashpowering company
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Bitcoin [BTC] encounters rebel, a protest by Hashpowering company

27 May Bitcoin [BTC] encounters rebel, a protest by Hashpowering company

Posted at 03:41h in Bitcoin News by

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On 26th May, a blockchain capital partner Spencer Bogart stated in an interview with CNBC’s ‘Fast Money’ that he is not going to be bullish about the Bitcoin story, instead, he believes that the institutionalization of Bitcoin is extremely evident after the ‘Blockchain week’ in New York, earlier this May.

In the aftermath of Bitcoin facing the longest three weeks of losses, he claims that Bitcoin is not going away anywhere, anytime soon. The ICO boom that happened in 2018 will make a comeback where the Bitcoin trades will go higher in the next year.

CNBC Fast Money

Bogart was quoted as saying:

“Every major bank is trying to do something in this space. Either they are offering Bitcoin to their clients, working on a custody platform, or opening up a trading desk.”

The cryptocurrencies like Ethereum or Ripple are going to offer some of those crypto assets to their clients, he mentions. He also believes that Bitcoin could face some “headwinds” here…

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