M. Novogratz: Bitcoin Will End the Year at $10,000

New Bitcoin and Ethereum price prediction from financial analyst and founder of Galaxy Investment Partners
22 November 2017   32693

American financial analyst and founder of the hedge fund Galaxy Investment Partners Mike Novogratz made new predictions, seeing an even faster growth of the first crypto currency.

Mike Novogratz believes that by early 2018, bitcoin has every chance of rising to $ 10,000.

We’re in the second or third inning. Because prices have moved so far people are nervous. You made a whole lot of money, there’s news, so you want to book your profit and get out.Mik
 

Mike Novogratz

Founder, Galaxy Investment Partners

Also noted that as gold has its value because people say that it has value, and the value of bitcoin is that it is based on stunning technology and has limited emissions.

Mike Novogratz also gave a forecast for the price of Ethereum, suggesting that the second on the capitalization of the cryptocurrency can enter in 2018 at around $ 500.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   318

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.