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Bitcoin to Take $10,000 Mark Soon: Genesis Capital CEO

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Thu, 30/08/2018 - 11:15
Bitcoin to Take $10,000 Mark Soon: Genesis Capital CEO
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One day ago, Michael Moro, the head of Genesis Capital VC company was on the CNBC Fast Money show and discussed the reasons that pushed Bitcoin up towards the $7,000 mark and the current bearish market.

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Moro said that the rejection of Bitcoin ETFs by the SEC caused large interest in shorting Bitcoin. However, he believes that the next high for Bitcoin will be $10,000, but that it will be achieved in a relaxed manner. He expects the market sentiment to calm and the price to rise less violently.

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