RATE Group | Without Government backing, the Cryptocurrency Will Struggle to Surge
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Without Government backing, the Cryptocurrency Will Struggle to Surge

22 Dec Without Government backing, the Cryptocurrency Will Struggle to Surge

Posted at 13:48h in Cryptocurrency News by

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In a wake of regulatory stance on cryptocurrency which is proposed by two congressmen, Bitcoin is finally reached to the rally of $4000.Two financial experts have recently commented on Bitcoin’s upcoming move.

Bitcoin Likely Fall Below $3000 – Jeff Kilburg

In a recent interview, Jeff Kilburg and Jim lurio of TJM institutional service firm talked about the performance of Bitcoin and its recovery. Mr. Kilburg claimed that “without Government backing, cryptocurrency will struggle”. He stated it when Bitcoin was trading at the value of $4026 on Friday which was quite getting to a declining graph and trade below $3000. According to Mr.Kilburg,

“I think it is going to have a hard time staying above $4,000 unless we see something substantial come out of the Securities and Exchange Commission (SEC) – nothing new is putting the wind in the sails right now.”

Following the statement of Kilburg, Mr.lurio joined the rally adding his view, he said that the ‘government is…

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