Bitcoin Will ‘Surpass’ All-Time Price Highs by End of 2019, Says Quoine CEO

The CEO of Japanese fintech firm and crypto exchange operator Quoine has said he believes Bitcoin (BTC) will “surpass” its all-time price highs by the end of 2019, during an interview with Bloomberg Markets: Asia Dec. 4.

Speaking during the aftermath of an industry-wide price slump, Mike Kayamori said he expects new crypto market sentiment and momentum to set in after the new year, noting that “there’s nothing new, no catalyst” in the immediate future to drive prices back up.

The CEO stated that whereas many had called $4,000 as the “technical bottom” for Bitcoin this winter, the top coin had failed to hold the mark during the recent sell-off. “That said,” he added, “when you look at historical [patterns] and where things are going, I think the bottom is near.”

He corroborated his analysis by noting the pressure on Bitcoin miners, many of whom are shuttering operations as the asset’s price tumble squeezes profits. Kayamori noted:

“If there’s enough miners…