RATE Group | Bitpay CCO “Never More Bullish About Bitcoin” but Certain Altcoins “Never Coming Back,” …
42458
wp-singular,post-template-default,single,single-post,postid-42458,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitpay CCO “Never More Bullish About Bitcoin” but Certain Altcoins “Never Coming Back,” …

16 Sep Bitpay CCO “Never More Bullish About Bitcoin” but Certain Altcoins “Never Coming Back,” …

Posted at 02:55h in Bitcoin News by

[ad_1]

The Chief Commercial Officer of Bitpay, Sonny Singh, told Bloomberg this week that he and his colleagues at Bitpay have “never been more bullish” about Bitcoin though certain “altcoins” (cryptocurrencies other than Bitcoin) will never recover from current market downturns.

Bitpay is a Bitcoin retail payment processor founded in 2011. In 2015, the company launched a Bitcoin wallet a year later created a Bitpay prepaid debit card with partners at Visa.

In short, says Singh, the next crypto market resurrection will be brought about by mainstream adoption of Bitcoin:

“I think right now the market is looking for some defining moment- a catalyst…I think next year you’re going to see the big entrants become real, where you see Goldman really does launch a trading desk, Fidelity does launch a Bitcoin product, Square does launch a Bitcoin payments option for merchants…Then you’ll see some adoption actually, and then you’ll see the price actually…

[ad_2]

Source link

Tags:
, , , , ,