Log in

Register


ICO   STO   IEO 

"Link your ICO to Success!"

ICO List bg

Clem Chambers: “the cryptocurrency winter is over, the price of Bitcoin will rise”

Clem-Chambers-the-cryptocurrency-winter-is-over Clem Chambers | General manager of ADVFN

Clem Chambers, general manager of the ADVFN financial market website, believes that the cryptocurrency winter is over and the price of Bitcoin will rise to $ 10,000 by the end of the year.

"All last year I said that Bitcoin would fall to $ 2.500. As a result, his quotes stopped at $ 3.000. Now he started to grow and I think his first goal is $ 6.000, and then $ 10.000," he said in interview to Forbes. "At the moment, we can safely say that the cryptocurrency winter is over. Here is my forecast."

As an argument in favor of his theory, Chambers notes the heightened interest of Chinese investors in the cryptocurrency industry. This is also evidenced by the growth of stablecoin Tether in relation to the Chinese yuan on over-the-counter platforms.


"The money that goes into stablecoins will be an impetus for the growth of Bitcoin, because the flow of funds has a positive effect on the entire cryptocurrency ecosystem," the expert explained.


Chambers touched on the topic of mining new coins. He said, that if new units in the Bitcoin network are mined every 10 minutes, then to maintain the price of the first cryptocurrency, you need to invest $ 9 million daily. In addition, this is on condition that all miners will sell the mined coins. However, many people prefer to "go away" most, so the real amount invested in Bitcoin funds is even lower.


"This figure may initially seem large, but compare it with gold mining. To keep the price of this precious metal at $ 1.300 per ounce, you need to invest $ 140 billion a day," Chambers says.


Gold is the main tool for hedging risks, so it is obvious that its capitalization of $ 5 trillion is much higher than that of Bitcoin, which is $ 90 billion. Chambers drew attention to the fact that, according to Google Trends, the indicator of interest in Bitcoin begins to absorb the indicator of interest to gold, at least in the USA.


Although if you pay attention to data all over the world, the situation is not that simple.


Chambers says that if Bitcoin takes at least 20% of the gold market, it will reach its previous maximum of $ 20,000.


"Cryptocurrency winter is over, the price is gradually increasing. The only question is how high she will manage to climb. At the moment, $ 6.000 is an easy target, $ 10.000 is also not particularly difficult. Personally, I'm still increasing my position," said Chambers.

SOURCE

2
Kelly Loeffler: “Bakkt launch day is approaching”
Vitalik Buterin commented on the mass delisting of...
 

Comments (15)

This comment was minimized by the moderator on the site

At Fictive, we stand a No Code arrangement. Our group comprehends our clients don't really have the specialized aptitudes required to build up an application. We have made our app development process easy to understand,

fictivestudios
This comment was minimized by the moderator on the site

Alpha Party Rental is one of the leading company which is dealing in rental parties and events across the USA. we ensure that your event will more entertaining and memorable. alpha party rental is providing party types of equipment, table and chairs.

alphapartyrental
This comment was minimized by the moderator on the site

Thanks for sharing

vizanimationpros
This comment was minimized by the moderator on the site

Thanks for the sharing.

https://www.greenfieldservicesinc.com/utility-repair-tacoma-wa
This comment was minimized by the moderator on the site

NHairlink is providing Airport parking services with highly security cameras around the premises and provides 24-hour surveillance and provide car covers at your request. NHairlink also provides complimentary Shuttle service.

Airport Security Parking Perth
This comment was minimized by the moderator on the site

Alpha Party Rental is one of the leading company which is dealing in rental parties and events across the USA. we ensure that your event will more entertaining and memorable. alpha party rental is providing party types of equipment, table and chairs.

Party Rental
This comment was minimized by the moderator on the site

We are experts in all types of packing and boxes. pine creek pack is sealed your goods with care and organic, quality packing and design is our first priority.

Pine Creek Pack
This comment was minimized by the moderator on the site

I have got great news for people who struggle with writing. If you see you need some help I know what can help you. You can apply to the writing service and find there all the necessary information that makes the writing process easier and...

I have got great news for people who struggle with writing. If you see you need some help I know what can help you. You can apply to the writing service and find there all the necessary information that makes the writing process easier and quicker. Here is the link https://essaywritingstore.com/

Read More
jimbaker
This comment was minimized by the moderator on the site

Nice post ever!

iPad Hire Minnesota
This comment was minimized by the moderator on the site

Thanks for sharing this amazing post, keep sharing with us.
<a href="https://oneworldrental.co.uk/laptop-hire">https://oneworldrental.co.uk/laptop-hire<;/a>

cattyvince
There are no comments posted here yet
Load More

Leave your comments

  1. To comment without Moderator approval Sign up or login to your account.
0 Characters
Attachments (0 / 3)
Share Your Location

By accepting you will be accessing a service provided by a third-party external to https://icolink.com/