Bitcoin's encrypted currency has been exported for less than 10 years and has become a frightening spread all over the world, and its popularity has risen.
Shortly after the 2009 release of the Pitcairn, it was priced less than a cent. Now it is over $ 16,000, and last weekend, Friday, December 8, it hit a record high of $ 18,000. Many consider that the price of a bitquin can rise to large numbers. Despite the widespread uncertainty about its real value, the currency has managed to withstand major fluctuations without losing its popularity among its core users.
"Betcoin" is now making price hikes, and Betcoin continues to break its records to prove its superiority to all. So that it is difficult for many economists and currency experts to find logical rationales consistent with the rules of economics.
What awaits Betcoin after crossing the barrier at $ 15,000
Investors wonder how long this race will last and what it will be. We offer what observers and experts have said about the increase in the non-certified Betcoin currency.
Arthur Hayes, BitMEX
The general manager and co-founder of the Hong Kong-based stock exchange BitMEX says:
"They were screaming about the bubble when the price of the bacon was $ 1,000 and when it rose to $ 5000. And they are still talking about it now when prices rose to $ 10,000. Short-term positions are very dangerous especially if you bet against the revolution in the financial system. Such transformations occur once in hundreds of years and pass chaoticly. "
Hays, who has visited the encrypted currency conference "Investment Consensus" for a long time, said a large number of visitors were dressed in suits, believing that this shows growing interest from Wall Street.
"Fear of losing the opportunity increases every minute. The classic administrators, investors and bankers who have been in the past despise the Pitkins are now ready to pay any money to learn how to participate in this new branch. "
Hayes is sure that at the end of next year the price of the Pitcairn will reach $ 50,000.
Steven Ennis, Oanda
The head of the Asian commercial division of Oanda said:
"I am apprehensive about the scenario of fallen tranquility. Are current investors ready for it? No. of course not".
In the opinion of Ennis that in the long term confidence in coded currencies will increase, and will contribute to the near-term operation of futures on the Betcoin on CME Group and interest from other large organizations. In the near future, Ennis expects an adjustment of 3-6%, as investors need to "recover" after this rapid growth. Ennis said:
"When we talk about incredible numbers, I'm beginning to worry about whether private investors are starting from the deceptive confidence that growth will last forever. Everyone knows that this is not happening. "
Zhian Zhou, Kenetic Capital
Kenetic Capital's managing partner lent its interest to Pitcullin for the first time in 2013 (at that time the price of the digital currency rose from $ 200 to $ 1,100 in just one month). Zhihan Zhou said:
"If we forget for one second the coded currencies and prices and look at the transformations of influential people and governments, central banks and large companies may imagine the future dynamics of prices.
Among the growth factors is a kind of truce in the environment of biotech enthusiasts. At the moment, the emotions have calmed down. One party disarmed, allowing the other party to set specific targets. In one word, the ecosystem is evolving in a predictable way. "
Zhou does not deny the passport amendment however it is considered to be slight. He said that the huge rise in prices contributes in a contradictory way to increase interest from institutional investors.
Dave Chapman, Octagon Strategy
Octagon Strategy CEO said:
"The legitimacy of the Betquin record has increased and is now very much trusted. Of course, there is a fear of loss of opportunity in the market, and this is not a good thing. A lot of people are putting their money in the encrypted currencies of speculative motives only. "
Chapman spoke of the possibility of modification but was not sure of its size:
"The adjustment is permissible but will be followed directly by the rise, which is at least due to market size. Every drop in price is seen by investors as a good opportunity to buy. "
Gavin Young, Cryptomover
The general manager of Cryptomover said:
"The possession of the Pitcuen has become a symbol of status. "The more expensive the price, the more expensive it would be for those with a narrower mind."
Louis Vilas, Bletchley Park Asset Management
The investment manager of Bletchley Park Asset Management said:
"At the moment the growth is due to the future operation of Futures contracts. This event has already caught the attention of Wall Street. "The secondary factor is the big bang in the media, which is afraid of losing the opportunity as prices rise, attracting new buyers looking for earnings before running futures contracts."
Filas said the risk of a short-term adjustment is significant as regulators may be prevented or delayed on the expected date for the start of futures trading. In such a case, Betcquin may lose 30-40% of its price.
He watched the duck
Pitcairn has been rising for a while, but the only thing investors can rely on is that oscillations will stay in both directions. Now those of them are expecting accelerated growth of the price of the Pitcairn, others bursting this bubble. But the Betquin market will remain interesting.
