In our “Opinion” section, we publish expert views, commentary, and personal perspectives on developments in the cryptocurrency and blockchain industry. Here you will find analyses, debates, and opinions on key market events and technological trends. Read the “Opinion” section on ForkNews to explore different viewpoints on the evolving crypto landscape.
Crypto billionaire Zhao Dong, a well-known Chinese OTC trader and cryptocurrency bull, believes that the next 15 months are a golden time to invest in cryptocurrency despite the overall market downturn.
Novogratz noted that exchanges and large companies are starting to take cryptocurrencies more seriously. “We're seeing more organizations starting to enter the market,” Galaxy Digital's founder and CEO said on Wednesday's “Markets Now.”
According to Bloomberg, the head of the Fundstrat research group believes that ETH will soon demonstrate a “trend reversal and a bull run” to a price of $1,900 per token by the end of 2019. In his message to Fundstat Global Advisors clients, Lee noted that the “overly negative” sentiment in the Ethereum market will become the foundation for future achievements.
Over the past 24 hours, the price of Bitcoin Cash has increased by 20% as a result of Bitmain's initial public offering (IPO). The rest of the cryptocurrency market remained relatively stable in the low price range. The cryptocurrency market valuation remained in the range of $114 to $115 billion, while the price of Bitcoin and ETH rose by 0.5%.
New research from advisory firm ICOS Satis Group identifies trends in blockchain-based trading and data storage and claims that digital currency trading will grow by 50 percent in 2019 and that global cryptocurrency trading volumes will exceed the corporate debt market in 2028.
At the end of last week, the US Securities and Exchange Commission (SEC) received a letter authored by experts in the cryptocurrency and financial sector. Among them are Bitcoin Core developer Brian Bishop and former managing director of the Morgan Stanley banking holding company Caitlin Long. Together, they sound the alarm and warn about the consequences of the wrong approach and corporate adoption of cryptocurrency for the technology itself.
Recently, a rather controversial, but valid, opinion was expressed that within five years Bitcoin will cede 50% of its market share to Ethereum
Back in 2015, billionaire investor and entrepreneur Tim Draper predicted that Bitcoin would reach $10,000 by the end of 2017. In April 2018, he made another stunning prediction when he said that the first cryptocurrency would be worth $250,000 by 2022.
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