Bitcoin will move to a new peak

The head of the company Quoine Mike Kayamori (Mike Kayamori) believes that the price of Bitcoin to recover to the maximum, or exceed it by the end of 2019.

In an interview with Bloomberg, he noted that although it is difficult to say how long it will take Bitcoin to get to the new price peak, he will definitely “climb” on it. Noting that, in his opinion, the price bottom is already close, Mike said that there would be no market growth until the end of the year. But after the new year, many catalysts can affect a significant increase in the price of Bitcoin.

“Japanese financial regulators intend to approve the work of new exchanges and new listings. All this will start after the new year, ”Kayamori explained, linking the legal settlement in the field of cryptocurrency with the influx of institutional investors.

“The global trend is to attract“ high-frequency traders ”… These are the dealers brokers who will offer cryptocurrency to retail customers. There are also OTC brokers who will provide services to institutional investors, ”said the head of Quoine.

“Japanese financial regulators intend to approve the work of new exchanges and new listings. All this will start after the new year, ”Kayamori explained, linking the legal settlement in the field of cryptocurrency with the influx of institutional investors.

Recall that according to a recently published report A.T. Kearney, Bitcoin, most likely, will again occupy the largest share of the cryptocurrency market in 2019, as low-value coins will leave. Growing demands from regulators will make it difficult for new projects to raise funds, with the result that
investors will return to the original cryptocurrency.

Meanwhile, the future price of Bitcoin also depends directly on whether the US Federal Reserve will increase the discount rate. The rate increase in 2018 reduced the level of speculation in the entire market, not only in the Bitcoin market. Consequently, a pause in the rate hike would attract investors back to cryptotles.

However, despite all the fundamental factors, the value of Bitcoin will remain unpredictable mainly because it is a new, uncontrolled asset class. Therefore, sticking a price tag on a bitcoin is trying to understand what bitcoin is today, and what it will become tomorrow. Unfortunately, the market has no tool to measure it. Not yet.

The head of the cryptocurrency exchange Binance Changpeng Zhao (Changpeng Zhao), also known as CZ, shared optimistic news for the community. In an interview with Forbes Asia, Changpeng said that the launch of Binancechain will take place very soon.