The CEO of the Civic blockchain platform, Vinni Lingham, in a conversation with Cheddar, expressed the opinion that the price of Bitcoin is likely to fall below $ 3,000.
I think it is likely that we are going to test for at least $ 3000. Most likely, this level will be broken through, Lingham shares his thoughts. – The market is definitely trying to find the bottom. I think we have not reached it yet. ”
The head of Civic is confident that the first cryptocurrency will hold for some time within a relatively wide range:
“The reality is that it [BTC] is likely to trade between 3 and 5 thousand for another one or two months until he finds its way. When this happens, it will either go up or go down. ”
As for the Civic platform token, which is now trading below the ICO price, Lingham stressed that this is not a problem for the company at all:
“It [bear market] not affecting us. The funds raised through ICO were held in cash and we therefore suffered less than the rest of the participants in this sphere. ”