Cryptocurrency expert Danny Scott, the co-founder of crypto exchange CoinCorner, states he anticipates bitcoin to remain around the $6,000 in the short-term, however that by Christmas it will have nearly trebled in cost.
” For the last couple of months, the cost of Bitcoin has actually been at $6,000 which our company believe will continue for a while however we anticipate the cost will reach $15,000 by the end of the year. We take this view due to the fact that the retail market is continuing to broaden at an extremely healthy rate based upon both our own information and market patterns,” Scott stated in a declaration shown The Independent on Friday.
” To contribute to this, we are likewise seeing big quantities of financial investment coming through from High Net Worth people and institutes acquiring Bitcoin in high volumes. This contributes to the boost and interest of the cryptocurrency.”