Bitcoin today (5/5): Bitcoin will exceed $ 20,000 this year?

• Mati Greenspan, a senior analyst at eToro, said this year that high Bitcoin might exceed the $ 20,000 mark to reach a higher price.

Bitcoin prices today are at 9,834 USD, with the opening price is 9,692 USD, the currency is rising 1.46%.

Bitcoin's highest bid is $ 9,855, the other way round, Bitcoin's lowest price is $ 9,675.

Bitcoin supply is currently at VND17,015,600, capitalizing at $ 167 billion, up $ 3 billion from yesterday.

The latest Bitcoin prices will continue to be updated in the next issue of VietnamFinance.

Bitcoin will exceed $ 20,000 this year?

Mati Greenspan, a senior analyst at eToro and a well-known Bitcoin expert, told Express that a $ 20,000 reduction in Bitcoin prices was expected, and that Bitcoin prices were firm. It will exceed that highest level in the future.

"I do not know what will happen in the future. I'm really not a prophet. I believe the recent downturn is just a fear of Bitcoin regulations and it's just a normal retracement, "he said.

Mati Greenspan added: "Whenever Bitcoin prices move and 'jump' to a new, larger price, we will see some major adjustments, which is the same as it rose from $ 0.08 $ 3.00, then adjust back to $ 1. And that is a very normal thing after that leap. So if we look at it now, I believe we are at a higher price. 5-6% over the same period last year ".
And some economists argue that virtual currency is facing the risk of price adjustment is very strong, much of the value will be wiped out. However, there is also optimistic view on the momentum of rapid rise of coding currencies in the future.

Share on Bloomberg, renowned economist Nouriel Roubini of New York University, said digital currencies would not hold value. They have no value in payment because blockchain products such as Bitcoin and Ethereum are almost unable to handle transactions like Visa Inc.. Processing.

New report from GP Bullhound predicts that the virtual currency market will experience a 90% price hike in the next 12 months, with only a handful of companies out there.

Sebastian Markowsky, a head of GP Bullhound, said investors may be pouring money into the stock market, prompting prices for virtual currency to advance. However, the virtual currency market will begin to decline sharply by the end of the year due to the sell-off to take profit. Ultimately, the market will fall into a state of "panic" and likely to undergo strong correction.
Addressing the issue of raising funds through the ICO, Bull Bull predicted the ICO would continue but at a more difficult level. In the year 2017, the ICO has helped businesses call more than $ 4 billion in capital.