Bitcoin has passed the bottom and will no longer fall?
The view that bitcoin has already passed the "bottom", stated the head of kleptomanka Galaxy Digital Mike Novogratz. He refers to the chart of Bloomberg Galaxy Crypto Indeх, according to which the industry has reached the level of mid-November 2017. This was the starting point for the triumphant growth of Bitcoin, and its further growth to $ 20,000.
Interestingly, Galaxy Crypto Index shows the development of the most liquid digital currencies against the U.S. dollar.
Recently the well-known cryptogamic, Nobel laureate and outspoken opponent of the BTC, Paul Krugman changed his mind about cryptocurrency, and stated that bitcoin "is more useful than gold".
A scientist once claimed that BTC hinders the development of monetary system and throwing her "300 years ago". This could not cause serious discontent among the members of the cryptocurrency community. But now the economist believes that in the future the main cryptocurrency will turn "into something really worthwhile".
"Gold was dead. Bitcoin promising gold", — said earlier, Krugman.
Interestingly, a couple of years ago some analysts said that Bitcoin will not be able to climb. According to the economist Yukio Noguchi, a sharp transition of the stock market from bullish trend to bearish due to the fact that in December last year on exchanges CBOE and CME was launched on BTC futures. This was the main reason for the decline in bitcoin, which was observed in 2018.
Also previously, there was concern about the fact that many cryptocracy can affect rates of cryptocurrencies, conducting a "phony deal." The U.S. Department of justice intends to find out who and how manipulates the exchange rate of bitcoin.
According to sources, traders are conducting illegal trades that allow you to manipulate supply and demand in the market of digital currencies.
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