RATE Group | Bitpay Exec Makes Bitcoin Price Prediction: $20,000 Possible In 2019
50073
wp-singular,post-template-default,single,single-post,postid-50073,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 Exec Makes Bitcoin Price Prediction: $20,000 Possible In 2019

23 Nov Bitpay Exec Makes Bitcoin Price Prediction: $20,000 Possible In 2019

Posted at 05:59h in Ethereum News by

[ad_1]

Bitcoin Price Aside, It’s Still Mainstream

As Bitcoin price has suffered, mainstream media outlets, like CNBC and Bloomberg, have ramped up their coverage of this space. In a bid to provide viewers with insight, Bloomberg TV’s Emily Chang recently hosted Sonny Singh, the chief commercial officer at Bitpay.

Singh, an experienced savant in the technology industry, briefly disregarded BTC’s poor market performance, which saw the asset fall under $4,500 after an influx of selling pressure, to note that Bitcoin has gained status as a mainstream hot topic and “brand.”

Touching on the market, he alluded to the sentiment that price movement isn’t truly indicative of fundamental factors. So, Singh went on to explain that true price action is unlikely to occur until a direction is set for Bitcoin, which may arrive with the impending launch of Bakkt and Fidelity Digital Asset Services, Blackrock’s potential foray into Bitcoin, and Square’s doubling-down on crypto…

[ad_2]

Source link