Ran Neuner: Bitcoin is «about to explode»
Popular cryptocurrency analyst and host of the television show Cryptotrader on the American channel CNBC Ran Neuner is sure that the price of Bitcoin is "about to explode." On October 7, he wrote in his Twitter account: "I just bought Bitcoin for my parents. It's too obvious that it's about to explode... "
The ratio of Neuner to the price of Bitcoin has almost always been optimistic. In a recent interview with the hedge fund owner Michael Arrington expert said that by the end of the year Bitcoin will reach $ 25,000.
"The reason why I say that is because I think we're gonna get an ETF, and I think the ETF is gonna come sometime between August and October and that's going to send us to 25,000."
Despite the fact that the SEC recently once again rejected applications to create several Bitcoin-ETFs, the cryptocurrency expert remains optimistic about the upcoming price rally. In another tweet, published shortly after the first one, he writes:
"Last year, around this time, BTC went from $6691 (Nov 11) to $20000 (Dec 17) in 5 weeks. This on the back of the expectation and launch of a cash settlement BTC futures contract. An ETF is a way bigger deal & requires actual purchase of BTC.2 looming SEC decision deadlines ahead."
The launch of the Bakkt digital assets platform organized by the Intercontinental Exchange can also play an important role in this regard. Industry experts are hoping that this will pave the way for industry to institutional investors.