bitcoin news
Dan Morehead, CEO of cryptocurrency hedge fund Pantera Capital believes that the total cryptocurrency market capitalization can reach $40 trillion in about a decade. The current market cap is at $421 billion.
Morehead reiterated his bullish call on Bitcoin, calling it a ‘screaming buy’ at the current levels.
A similar opinion was voiced by John Pfeffer, a partner at UK-based Pfeffer Capital who recommended Bitcoin as a great investment opportunity at the Sohn investment conference in New York. According to him, Bitcoin could replace gold or become the new reserve currency of the world. This can result in its price skyrocketing to $700,000.
On the other end of the spectrum is the former head of Paypal, Bill Harris, who believes that Bitcoin is a fraud and should not be worth billions.
The bear market in cryptocurrencies has affected its trading volume. The average daily traded volumes have plunged from a high of $17 billion in December to a low of $7.4 billion in the first half of April.
Thank for this best news,l appreciate your post @aaronn47
thank you
@aaronnn47 You have eanred a random upvote from @botreporter because this post did not use any bidbots.
thank you
You are very welcome.
Blessings!
:]