Ambcrypto, citing a CNBC article, reported that Michael Moro, CEO at Genesis Trading- a crypto trading company serving high net worth individuals and institutions- opined that Bitcoin will fall to $3, 000 before bottoming out.
Emphasising the need to take a long term perspective on the crypto market, Moro told CNBC: "Institutional investors ultimately don’t care where the price of Bitcoin is at 2018 end, simply because they are looking at things three to five years out."
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