Michael Moreau, Genesis Trading: Bitcoin will cost $10,000 very soon

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CEO of cryptocurrency broker explained why the price of the first cryptocurrencies will rise sharply in the near future

Bitcoin price hardly reacted to the refusal of the SEC in the launch of cryptocurrency ETF, it can be a positive sign, the General Director of cryptocurrency Trading broker Genesis Michael Moreau. He commented on the situation on the market in Fast Money on CNBC.

“When you see the news about the refusal of the SEC, the price of bitcoin is actually held, we saw a decline of 5,10 or 15 percent, which was with previous failures. I think the bears run out of power,” said Moreau.

He added that in the near future, the digital money will start to rise in price as investors realized that it is not necessary to wait for the approval of ETF in 2018. At the moment, the volume of purchases is insufficient to courses cryptocurrency soared. The price of bitcoin will rise to $10,000 if next week it will not fall below $7000, said the head of Genesis Trading.

More opinions from the experts on cryptocurrency you will find in our telegram channel RBC-Crypto.

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