Reading time: ~1 m
Scott Minerd, Global Chief Investment Officer of Prominent Investment, expressed his opinion on what awaits the world’s leading cryptocurrency Bitcoin in the future.
According to him, at this alarming moment for bitcoin, several positive and negative conclusions can be drawn.
First of all, he predicts a further decline in the price of bitcoin, explaining this by constant dives below the $ 30,000 mark. In addition, he is of the opinion that most cryptocurrencies are just garbage that costs nothing.
At the same time, of the 19,000 cryptocurrencies currently existing, he is confident in the reliable prospects of bitcoin and ethereum. In his opinion, stablecoins are also interesting projects that will be developed in the future.
However, in order to successfully create a stable and safe market, it is necessary to take measures in the form of regulation, and a good example would be the regulatory board in Hong Kong.
#Manager #Prominent #Investment #expects #decrease #price #bitcoin