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

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

Thu, 30/08/2018 - 11:15

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

Cover image via U.Today

Read U.TODAY on

Google News

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.

#Bitcoin

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.