Main navigation

Bitcoin Price to Rise Again Soon, Angel Investors Say

News
Thu, 09/26/2019 - 08:29
article image
Yuri Molchan
Despite the recent Bitcoin price collapse, when the biggest crypto lost 13 percent of its value, crypto experts state that this state of things will not last long
Bitcoin Price to Rise Again Soon, Angel Investors Say
Cover image via www.123rf.com
Read U.TODAY on
Google News
Contents

On Tuesday, Bitcoin quotes suddenly dropped, losing about 13 percent - $9,800 to approximately $8,500 and then kept going down. At press time, the biggest cryptocurrency is trading at $8,376, showing a mild growth.

Bitcoin Price 09/26/19
Image by Coinstats

However, angel investors with Anthony Pompliano among them, remain bullish on BTC, offering the community their view of the situation.

Ignore Bitcoin critics, Pompliano says

The co-founder of Morgan Creek Digital reminds the community that this is not the first time Bitcoin price has seen a flash-crash. Every time BTC faced this, it then took new all-time highs. ‘Pomp’ just advises to ignore Bitcoin critics.

A crypto angel investor that goes by a Twitter nickname @CryptoWelson says a similar thing. Besides, he believes that in October this year, Bitcoin is likely to hit another all-time high.

Related
Bitcoin Price Plummeted Right After Decline on US Stock Market, eToro’s Mati Greenspan Says

More good news about BTC

As U.Today reported on Wednesday, another crypto expert offered several reasons why Bitcoin price is going to surge again soon. 

Those were – the release of Bitcoin futures on Bakkt, Boerse Stuttgart Digital Exchange (BSDEX) launching Bitcoin trading and SoFi adding an option of trading BTC, ETH and LTC.

Other two bullish factors is that the Bitcoin hashrate has recovered and that as per statistics, at the moment the Bitcoin network has reached an all-time high with its transaction volume.

When it comes to everyday use, the price of Bitcoin does not seem that much relevant, some say.

Reps of decentralized platform gob.com have stated that regardless of the price Bitcoin is still a means of exchange that can be used for payments without permission of banks and that is priceless.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.