Partner of venture Capital firm Blockchain Spencer Bogart sure that the price of bitcoin has almost reached the bottom, and the events of this week will form the basis for the rapid growth of the first cryptocurrency and the market in General. It is reported by CNBC.
“We went down about 70% from maximum values. Therefore, I believe that bitcoin has almost reached the bottom, as well as the market in General, shares his thoughts Bogart. — At the end of last year, at the peak of the bull market, we thought that bad news have no effect. Now we’re seeing more and more news about TD Ameritrade, Rick Edelman and Yale did not affect price”
Note that the Bitwise Asset Management received the investment from a financial adviser on wall street and billionaire Rick Adelman, who joined the Board of Directors of the company.
Top Wall Street advisor @ricedelman just entered the world of #bitcoin in a big way. Here’s why he’s embracing #crypto. pic.twitter.com/c0lRh0AxoI
— CNBC”s Fast Money (@CNBCFastMoney) October 3, 2018
Also a provider of purse Abra launched a token on the basis of crypto-currency Fund Bitwise.
Bogart convinced that all these events are important elements for the foundations that will allow us to attract more institutional capital in kriptonyte. According to him, the effect of this news will appear in due course.
We will remind, earlier the managing partner of Fundstrat Tom Lee conducted a survey, the results of which revealed that the majority of institutional investors believe that bitcoin has bottomed.