The co-founder of the blockchain investment company from Hong Kong, Kenetic, estimates that Bitcoin (BTC) will be traded at a price of $ 30,000 by the end of 2019.
In the interview conducted by Bloomberg, Chu said that the other bullish Bitcoin and crypto trading trends will continue because three things, one of which is the trend of mass adoption by large companies such as Facebook, JPMorgan, Rakuten, and Fidelity, are shifting their interest to crypto business
The Jehan Chu also said that his presumption about Bitcoin was based on the suggestion that the cryptocurrency industry could be a "better technology story" that was favored by global investors after the disappointment of the uber and Lyft IPOs.
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experts point out a bit of upcoming bitcoin, a process of dividing the number of prizes generated per block to maintain the total supply of bitcoin, which he noted earlier.
The Chu concluded:
"The combination of these three factors, I think, will really see us from where we are now $ 30,000."
The Chu also expressed his stance on one of the most important events in crypto awaited to look forward to, namely the approval of the first traded bitcoin exchange (ETF) conducted by the US Securities and Exchange Commission (SEC).
Chu said he was not waiting for ETFs with restrained breath to be included in the near future, the reason being that the main attraction and volume would occur in the global mercury would interfere regardless of whether the ETF came tomorrow or entered ten years.
Source: cointelegaph
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