Co-founder of BK Capital Management, capturador Brian Kelly (Brian Kelly) believes that the bitcoin prices there are at least three drivers that can lead to its growth in the second quarter.
First, said Kelly, 15 April end of tax season in the United States. Investors make money on the growth rates of cryptocurrencies in the end of last year, now have to find money to pay taxes, said the trader.
Separately, he pointed to record ICO Telegram, which further distracted with the cryptocurrency market and $1.7 billion of investors ‘ money.
Secondly, negotiated the transaction with Monex Group Coincheck, said Kelly and added:
“This is a serious increase in confidence. We have controlled public company in Japan, buying a crypto currency exchange”.
In his opinion, this transaction means “a serious change of mood” on the stock market.
And thirdly, on the side of bitcoin is its history, says Kelly. March — historically dismal month for the first cryptocurrencies, he recalled. According to the company Fundstrat, over the last seven years quotes BTC grew in the first month of spring in 2013.
Recall that in early February, Brian Kelly stated that according to his calculations internal price of bitcoin is $8 thousand, at the time BTC was trading at $10 thousand.