Market analyst Jesus Rodriguez believes that investors should consider blockchain datasets when devising their Bitcoin investment plans
Two days ago, Jesu`s Rodriguez took to the media as he aired his thoughts into the reasons why he strongly believes Bitcoin remains bullish regardless of the rectifying from $13,800. At the time of drafting this report, Bitcoin continues to struggle to stay above $10,000. In a recent study, Bitcoin and blockchain analysts predict that the digital asset could drop to $10,000 or even $9,000 in a short time.
By Labs Chief Scientists, Jesu`s Rodriguez, he asserted that the major reason behind the low prices of Bitcoin and other virtual currencies came as a result of the ongoing macroeconomic factors i.e the US and China trade war. These holism are constantly leading to the devaluation of digital currencies as well as fiat currencies.
Just last week, President Donald Trump presented more rates and charges on Chinese goods and services, leaving the normal industrial average point to drop to nearly 800 points. That's not all, China also placed an icing into the bargain of this catastrophic decision by devaluing their currency.
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Reference:
Bitcoinist