RATE Group | Bitcoin Price a ‘Tinderbox’ Waiting to Go Higher, Says Spencer Bogart
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Bitcoin Price a ‘Tinderbox’ Waiting to Go Higher, Says Spencer Bogart

27 Jul Bitcoin Price a ‘Tinderbox’ Waiting to Go Higher, Says Spencer Bogart

Posted at 21:28h in Bitcoin News by

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A number of reasons could potentially cause Bitcoin (BTC) to surpass its previous all-time high according to Blockchain venture capitalist Spencer Bogart. The industry experts, sharing the beliefs of others alike, holds that the world’s largest cryptocurrency has found its 2018 bottom.

‘The Cat’s Already Out of the Bag’

Speaking to CNBC’s Fast Money July 25, Spencer Bogart, a partner at Blockchain Capital and known venture capitalist noted that Bitcoin 00 may have hit its lowest price for the year. He also remains entirely bullish, saying that he is “definitely expecting to see new highs” pending further regulatory clarity. Prominent investor Mike Novogratz also shared a similar opinion.

Bogart also shared his thoughts on the market in general, saying that other cryptocurrencies are “over-promising and under-delivering. Meanwhile, you have a few that are kind of excelling at their use-cases. Bitcoin is one of them.”

The venture capitalist prompted for quicker…

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