A public statement on a bullish price forecast for Bitcoin was made by Charlie Shrem, the founder of the Bitcoin Foundation. For him, the month of May is a turning point for bitcoin because it is "the last time" that the price will be below $ 10,000.
Buy as long as the price is still under $ 10,000?
"This month marks a turning point for Bitcoin," says Shrem after returning to the cryptocurrency industry. He wasted no time in getting right to the point by announcing in a tweet on May 3, that the benefits of Bitcoin will be spread to a wider audience.
May 2018 will be the last time we will see #bitcoin at less than $ 10,000.
https://twitter.com/CharlieShrem/status/992109375555858433
- CharlieShrem
Shrem's enthusiasm comes at a time when the price of Bitcoin continues to reverse the downward trend since December 2017.
The first quarter of this year was a hectic one for the Bitcoin community, which saw prices hit a low of less than $ 6,500. The pair BTC / USD gained more than 30% in April while continuing to climb.
A familiar trend
It is possible that a trading frenzy will hit the Bitcoin market. Previous reports from Bitcoinist on research showing long-term trends have indicated the beginning of a period "hodl. " Bitcoin futures could see the light of day at Goldman Sachs, one of the world's largest investment banks; this although its CEO, Lloyd Blankfein,declared last December that Bitcoin "was not made for him. The company revealed to the New York Times its intention to follow suit in cryptocurrency trading, to the delight of the cryptocurrency community.
It seems that the customers who "flooded" the Bitcoin access request bank convinced him. One executive said she could take over the direct purchase and sale of cryptocurrencies in the future.
This decision echoes that of CME Group and CBOE, both of which launched Bitcoin futures in mid-December, at a time when prices were propelled to more than $ 20,000 on several stock exchanges.
Debates on the subject abound on social media. Commentators refer to the likelihood of history repeating itself - when Goldman Sachs customers enter the market. As with the first round of Bitcoin futures, which subsequently performed poorly in the bear market, Goldman's performance will be closely watched.
What do you think of Charlie Shrem's Bitcoin price forecast? Let us know in the comments section below.