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

Thu, 08/30/2018 - 11:15

One day ago, Michael Moro 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

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.

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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About the author

Yuri Molchan

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.