RATE Group | Bitcoin Fundamentals ‘Still Intact’ Despite Price Lows, Says Blockchain Intelligence Gro…
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Bitcoin Fundamentals ‘Still Intact’ Despite Price Lows, Says Blockchain Intelligence Gro…

24 Nov Bitcoin Fundamentals ‘Still Intact’ Despite Price Lows, Says Blockchain Intelligence Gro…

Posted at 06:06h in Bitcoin News by

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The 2018 cryptocurrency price decline is a result of investors’ “lack of education,” the CEO of Canadian firm Blockchain Intelligence Group (BIG) said in an interview published in German economics news outlet Finanzen.de Nov. 23.

Speaking with a representative of German investment bank GBC AG, BIG’s CEO Lance Morginn suggested the combination of entry-level investors piling in during 2017, regulatory uncertainty and standard principles of supply and demand resulted in the 2018 bear market.

“You couple all these factors together, along with the lack of understanding that the average individual has of the sector, and that’s the reason the pricing of crypto and where it’s at today,” the search, analytics and risk management company’s CEO told the publication.

Bitcoin (BTC) has led the majority of crypto assets into a fresh downward spiral over the past week, shedding around 30 percent to hit lows not seen in more than a year.

Many assets performed worse in the most recent…

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