Cryptocurencies - Long awaited bull rally

joetunex (67)in #cryptocurencies • 6 years ago

"It’s not clear what was the actual trigger for the widespread rally, but there were a few developments that probably encouraged buyers. Whether the sharp advances have the potential to keep going will be determined by market behavior over the coming one to two weeks, as the speed of the ascent was likely influenced by a short-squeeze as shorts exited and reversed direction.

On the institutional side there were a couple recent developments to help turn the tide from bearish to bullish. Well-known hedge fund titan George Soros’ family office announced they would be adding cryptocurrency to the assets they trade and invest in, while the Rockefeller’s venture capital arm, Venrock, revealed it was expanding into cryptocurrency investing by partnering with the investment firm CoinFund.

Meanwhile, the billionaire venture capital investor and early cryptocurrency enthusiast Tim Draper came out with a new price target of $250,000 for Bitcoin by 2022."

Read article from source: https://cointelegraph.com/news/equity-markets-vs-cryptocurrency-markets-weekly-performance-review-apr-7-apr-13

Can we have Bitcoin at $30 000 by the end of 2018? I thinks so!

#bitcoin #steemit #teamsouthafrica #wafrica

6 years ago in #cryptocurencies by joetunex (67)

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plainoldme (50) 6 years ago

i think the market is still volatile to tell, a lot of people still to afraid to take a chance, for me it's no the 30 000 for this year, but yes for next year.

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joetunex (67) 6 years ago

Feer is definitely still in this space, we are in the first quarter which have been bearish all through let's hope for a bull dominance remender of the year which I still think we might hit $30 000.
Thanks for you input @plainoldme

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a-0-0 (-9)(1) 6 years ago

Transfer 0.001 SBD or 0.001 STEEM to @a-0-0 to have your last blog post resteemed to oer 33,700 followers. Leave Memo empty.

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arepadigital (61) 6 years ago

I think that by the end of this year the market capitalization may reach a trillion dollars, with a significant rise in some important altcoins such as Eth Litecoin, maybe XRP. However, it is likely that despite the recovery of these days, the BTC will remain around 10 thousand until June/July, and then To the Moon hahaha I hope it.

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joetunex (67) 6 years ago

Lol...let's hope so @arepadigital it will be maasive gains for us. We are very fortunate and wise to be in the crypto space. It will pay off in the long run!

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