The game of bitcoin hasn't even started yet: Crypto trader
A collection of bitcoin, litecoin and ethereum tokens. On Chain Capital: The cryptocurrency game hasn't begin nevertheless
The game of bitcoin hasn't even started nevertheless, aforesaid cryptocurrency merchant Ran Neu-Ner.
"We haven't even have to be compelled to the beginning line of cryptocurrencies," Neu-Ner told CNBC on "Power Lunch" on Friday. Neu-Ner, United Nations agency is host of CNBC Africa's "Crypto Trader" and also the founding father of Onchain Capital, has been trailing bitcoin since last year.
"The technology is not able to go thought nevertheless," Neu-Ner aforesaid of the volatile crypto market.
The un-scalable market and issue gap crypto accounts conjointly makes it problematic for the overall public. Neu-Ner conjointly noticed that several new retail investors got into the market before understanding the technology.
"Yes, there's a brand new digital gold, a brand new digital store valuable," aforesaid Neu-Ner, whose own portfolio includes over forty cryptocurrencies. "I assume bitcoin is that the store valuable. however the sport hasn't even started nevertheless."
As mass market adoption of cryptocurrencies begins to require place, bitcoin and alternative cryptos can get a universal store valuable, Neu-Ner aforesaid.
Bitcoin, one in every of the foremost common digital currencies, fully fledged a wild roller coaster ride last week amid fears of regulative crackdowns and potential worth laws. The digital coin lost $125 billion in total market cap in one week.
But while volatility makes its approach into the market, Neu-Ner believes bitcoin can rally to $20,000 in 2018. He aforesaid volatility is sweet for the market.
"I'm expecting the market to hover here for slightly bit, slightly bit nervous," he said. "And then i am expecting some reasonably one thing to quote a inexperienced candle, which can begin the momentum keep a copy once more."