I want to go ahead and discuss the potential of big going to reach a fifty thousand dollar price point I'll be giving the opinion of a couple of experts. what do you know what exactly they think and then I'll give you my opinion as well. so anyway folks before you go ahead and jump right into this content our might all of you trouble upvote on this articlre if you like it follow and share doing those things really helps the blog grow and I always appreciated.
So just like bitmex CEO Arthur Hayes Anthony promptly on it was sticking to his fifty thousand dollar coin price forecast for twenty eighteen hopefully. on a partner at Morgan creek digital assets leaves at the top ranked cryptocurrency has exciting last half of the year in store for all stakeholders now. obviously pick one hasn't been incredibly great over the past six months. however I do think that were soon to see a pretty decent turnaround presently there quite as trading slightly below the eight thousand dollar mark that might be slightly different. when you're reading the article adversely pull back caused by the SEC rejection of the vehicle vase big point ETF application. so what's talk a little bit about human psychology and the price of the bitcoins in the sky. conversation with chatter from Plano said I've got a high degree of confidence that at some point in the future it's going to end. its being the coins price it's going to hit sixty thousand dollars not got some degree of confidence that it will be by the end of this year. what exactly does promptly either think this well according to pump window three crucial factors would drive the price of the bitcoin to the fifty thousand dollar milestone these factors are human psychology they're going to eat your speculation and an influx of big money. Investors will explain that from a psychological perspective the corn traders prefer round figures dust within any thousand dollar price range there always be the tendency to push the value above the next milestone during the court's recent push above eight thousand dollars it broke through three consecutive resistance levels without becoming over bought. since the end of June twenty eighteen the market has become a wash with positive sentiment. which of coincide with fortuitous circumstances such as the trade standoff with China in the United States at the center of the rumors and speculations in anticipation of an STC approved quite ETS on Thursday or July twenty fifth twenty eighteen the SEC rejected difficult boss the quantity of fight. what the Nelsons before the SEC's decision will reveal that an SEC approved for twenty two happened twenty eighteen was unlikely however spec.
Collation about a future approval was enough to sustain the positive sentiment on that count end of the book when ETF doesn't happen right around the corner I am almost certain that it will happen in the future. So what about institutional investors will finally popped out to mention the influx of institutional money into the market. of course as many people are as a partner Morgan creek digital assets his front row seats or a front row seat singular to the activities of big money investors in the space according to public group differences are to learn only to retail investors. But you hedge funds as well we're looking for the opportunity make huge profits in a short amount of time many experts agree on the fact that institutional investors will cause a significant price surge in the market. However big money players haven't fully committed to the market due to some nagging problems concerning custody and regulations and that's something. we've definitely heard in the past obviously a lot of big money institutions such as Black Rock and even Goldman Sachs are highly interested in crypto currencies. they're really just waiting for the right time to double down and start pouring large sums of money. which is something that I personally think that they will be doing before all that long. so many with folks that is my opinion backed up with the opinions of the pros obviously pumped out here is pretty optimistic but I don't think his opinion is unrealistic.
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