Crypto News: Bitcoin is on the Rise in April 2018!
Well folks, from where I'm sitting this morning as I scan the markets the cryptocurrency market in particular looks extremely bullish as of April 2018!
But why the sudden change in sentiment? What in the overall landscape has changed to bring about all this FOMO and shilling? Lets look into this case a bit further and see if the sentiment is justified shall we?
I came across an article in Forbes this morning and I'd like to share some of the reasons mentioned in their article first...
When people were asked in the article about what they thought had brought about the suddent change of sentiment, this is what a few of them had to say:
"Bitcoin is trading upwards for a number of reasons," says Fran Strajnar, CEO of Brave New Coin, a data and research company focused on the blockchain and cryptographic assets market.
According to Strajnar, he believes the fundamentals of Bitcoin have improved. Because of recent improvements to the lightning network and friendlier regulation, investors are more then ready to hop back on the bandwagon!
"The U.S. is stepping in to regulate security tokens instead of commodity assets (utility) and we are seeing major value investors stepping into buy as a result,"
"As the Soros' and the Rockefellers' of the world move into this ecosystem, this asset class is legitimized and trending in an extremely positive direction," Stajnar said.
Beyond the factors listed above, the likelihood of a Bitcoin ETF getting approved by the Securities and Exchange Commission has improved. We may see news of that outcome coming very soon!
Either way, I'm sure this brings some much needed relief to loyal hodlers! So I say to you, hold on, buy more, enjoy the ride!
Source:
Here's Why Bitcoin Is On The Rise Again - Forbes
Image Source:
Forbes
Could hit 10K before May
I agree with you
Yes after the fake Bitcoin pump (Bcash), the turn is now on Bitcoin. Extremely bullish now, heavily undervalued and only positive fundamentals!
Cryptocurrency will rise up for its demand.
Some more fud will flow in soon I am sure to try and keep a lid on the run
Won't be able to keep it down for long
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Fantastic time for anyone in cryptocurrency right now.
SEC approval would be amazing and do so much to help! However, I think right now we are probably partially just seeing this increase as a market correction after the recent decrease in value.
Nice post, I think price will hit $10k, then my 1st target at $12k.