According to Morgan Creek Capital CEO Mark Yusko, amid the declining market for traditional assets, Bitcoin "could become a hedge against chaos."
Nicholas Colas, co-founder of DataTrek Research, said that Bitcoin is an excellent indicator of global geopolitical and economic turmoil.
In an interview with CNBC, Colas noted that bitcoin was one of the few indicators that predicted protests in Hong Kong and the subsequent outflow of capital from the region. He also emphasized that Bitcoin has become a safe asset, just like gold.
Goldman Sachs Investment Bank sent a letter to its clients stating that in the short term, Bitcoin is expected to rise to $ 13,971.
The letter that was sent to the bank's customers said that in the short term Goldman Sachs expects to see the growth of the first cryptocurrency to $ 13,971. The name of the analyst who prepared this forecast is not indicated.
The company-operator of the cryptocurrency fund Grayscale conducted a research among American investors to find out their interest in cryptocurrencies.
"Bitcoin 2019 Investor Study" by Grayscale showed that from a pool of 1,100 American investors, more than a third (36%) of respondents consider investing in Bitcoin. If we assume that there are about 63 million investors in the USA, then the interested people represent a potential audience of more than 21 million people.
According to US Treasury Secretary Stephen Mnuchin, there is every reason to develop new regulations for cryptocurrency by US regulators.
Over the past few years, the presidential administration has almost completely ignored cryptocurrencies. However, Donald Trump's recent statements about Bitcoin, as well as Facebook's announcement of Libra cryptocurrency project, give a reason to assume that the regulator intends to tackle digital money in order to limit its negative impact on the financial system.
The CEO of the American brokerage company TD Ameritrade Tim Hockey said that Bitcoin has become much more interesting for traders.
"Customers often ask about Bitcoin, but in the US there are significant regulatory obstacles in order to provide the customer with the opportunity to trade cryptocurrencies. We would be glad to participate in this, but we need to make sure that risks for our clients and ourselves are insignificant," said Hockey in an interview.
According to the CEO of Pantera Capital investment company Dan Morehead, by the end of the year the rate of the first cryptocurrency could reach $ 42,000.
Speaking in the podcast Morehead said that his company adheres to the views of analysts who talk about the growth of Bitcoin, based on the trend lines. He also noted that the price of the first cryptocurrency may well exceed the mark of $ 350,000 by 2021.
Researchers at LongHash found that the highest volatility in cryptocurrency markets is at 1 am UTC. To conduct the study, analysts used data from the Coinbase exchange, calculating the number of daily peaks and lows in each hour and comparing with the indicators for the rest of the hours of the day.
Jim Reid, a top manager at Deutsche Bank, the largest bank in Germany, said that the US Central Bank reduced the refinancing rate one of the reasons for the rise in Bitcoin.
"If central banks are gonna be this aggressive, then alternative currencies do start to become a bit more attractive," said Deutsche Bank's global fundamental credit strategy head in an interview with CNBC.
Jesse Powell, general director of the Kraken cryptocurrency exchange, is extremely optimistic about the further increase in the price of Bitcoin.
"When I hear people talking about a Bitcoin "correction" I'm thinking $100k, maybe $1m. That's what's correct," he writes on his Twitter account.
Cryptocurrency analyst and BlockTV reporter Joe Saz believes that after the elimination of short positions on Bitcoin by $ 100 million, the growth of the first cryptocurrency can not be stopped.
"I think that this can keep going. There's nothing stopping it. I don't want to go too far into the clouds here, but there might have even been $100 million plus dollars in liquidations overnight…
I saw a lot of $10 million in short liquidations. So what does that mean? It means a lot of people were betting that we were headed down and they got completely smashed in the face. So I don't recommend to enter any short or long positions," the analyst emphasized.
The chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, spoke about what needs to be done in the cryptocurrency industry before approving applications for a Bitcoin ETF.
According to Clayton, the industry is in dire need of high-end custodial solutions that would be approved by US regulators. In addition, you must ensure that there is no market manipulation.
Bitcoin analyst Oliver Isaacs expressed the opinion that the first cryptocurrency rate would reach $ 25,000 by the end of 2019.
"There are multiple drivers behind the recent resurgence. There are geopolitical, technological and regulatory drivers. The net effect of the trade war between the U.S. and China has led to the sudden interest in bitcoin as a hedge on investments," Isaacs said.
May was very successful for the first cryptocurrency - the Bitcoin rate rose by 60%, however, Bloomberg analysts believe that the correction observed in recent days not ended.
According to analysts, GTI Vera Convergence-Divergence indicator, which tracks positive and negative trends, points to a continuation of the fall. For the first time since April, the indicator issued a signal to sell the first cryptocurrency.
Delphi Digital analysts said that in 2019, Bitcoin is the most profitable asset - in May of this year, the rate of the first cryptocurrency increased by 60%.
"The acceleration in BTC's performance comes at a time when conventional risk assets, notably global equity markets, continue to see selling pressure […]," analysts emphasized.
The largest cryptocurrency exchange Binance has transferred Bitcoins worth $ 1.26 billion from one wallet to another. The amount of commissions was only $ 124.6.
Billionaire investor and founder of the cryptocurrency bank of Galaxy Digital Mike Novogratz is confident that the price of Bitcoin is consolidating in the range from $ 7,000 to $ 10,000.
"If I'm wrong on that, I think I'm wrong to the upside, that there's enough excitement and momentum that it could carry through," said a former Goldman Sachs partner during a conference call dedicated to quarterly indicators of the company.
Founder of the Ikigai cryptocurrency hedge fund Travis Kling believes that a small group of wealthy traders can push the Bitcoin rate to new heights.
Kling based on data from its own analysis and information from other institutional investors. In his opinion, there is a small group of "risky whales", which caused the recent take-off of the first cryptocurrency course.