Bitpay: new players in the industry will rise the price of Bitcoin to $ 20,000

Home » BITCOIN » Bitpay: new players in the industry will rise the price of Bitcoin to $ 20,000
Bitpay: new players in the industry will rise the price of Bitcoin to $ 20,000
2018-11-26 in BITCOIN

In 2019, the price of Bitcoin can rise to $ 15,000 and even reach $ 20,000. It was claimed by Sonny Singh, Bitpay’s commercial director of the Bitpay processinog service in an interview with Bloomberg.

According to Singh, Bitcoin has an excellent reputation, and the cryptocurrency will become a viable commodity in the first quarter of 2019.

However, he added, “we will not see the price movement – up or down – for a long time, until a new direction appears” for Bitcoin.

He calls the Bakkt platform, Fidelity Digital Assets and BlackRock Bitcoin-ETF as the main growth driver for the industry.

He also has hopes for the structural transformation of the cryptocurrency industry itself, including the possible IPO of leading American company Coinbase. The latter, we recall, such rumors refuted.

At the same time, Sonny Singh drove another nail into the coffin of the ICO industry.

“I think it’s safe to say that right now the ICO market is pretty much dead. Maybe a few Altcoins will survive, but none of them will survive, if Bitcoin does not survive, ” – added Sonny Singh.

Previously, analyst and co-founder of Fundstrat Global Advisors Tom Lee said that the price of Bitcoin fell only in the short term.

At the same time, analyst Oanda Corp. Stephen Innes said that if prices continue to decline, investors can begin to massively exit cryptocurrency. Critical, in his opinion, is the mark of $ 3000.

  • bitcoinBitcoin$3,936.45
  • ethereumEthereum$145.40
  • rippleXRP$0.326969
  • tetherTether$1.00
  • eosEOS$3.60
  • stellarStellar$0.091235
  • litecoinLitecoin$47.95
  • cardanoCardano$0.046752
  • tronTRON$0.025058
  • moneroMonero$51.95
  • iotaIOTA$0.307359
  • nemNEM$0.043901
  • dashDash$87.72
  • neoNEO$9.03
IBM used blockchain to ship 28 tons of citrus fruits from China to Singapore
On the eve of the Chinese New Year celebration, the technological giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk. IBM experts note that the electronic bill of lading (e-BL) has accelerated administrative […]
2019-02-19 0 12
What Can I Buy with BTC and What Sites Use It?
In the autumn of 2017 cryptocurrency fever triggered a high interest among trade agents in using BTC as payment method both for online and offline commerce. People were thrilled and excited. Searches on Google like “where to pay with bitcoin”, “where to spend bitcoin”, “bitcoin stores” were most frequent those days.  Unfortunately, raising fees for […]
2019-02-18 0 36
The media confirmed the launch date of the test network Telegram Open Network
The Telegram Open Network (TON) blockchain platform, behind which the popular messenger operator stands, is 90% complete, and the launch of the test network is scheduled for the end of March 2019. It is reported by The Block, with reference to the report received by the investors of the project. As the newspaper notes, Telegram […]
2019-02-11 0 15
Media: the cost of the Telegram internal cryptocurrency could reach $ 30 billion
By the end of 2019, the total cost of the internal token Gram of the blockchain project Telegram Open Network (TON) could reach $ 29.5 billion. The Bell reports with reference to the report HASH Crypto Investment Bank. According to the investment company, the target cost of 1 Gram token by the end of 2019 […]
2019-02-07 0 10
© 2017–2018