The head trader of Octagon Strategy has told CNBC the company “remains bullish” on Bitcoin despite price decreases and “obstacles” it may face in the future.
Octagon Strategy is a privately-owned commodity and digital asset trading firm.
Speaking to CNBC July 1, Ryan Rabaglia, the head trader, dismissed the current downward price pressure on Bitcoin markets, which last week took prices below $6000 for the third time in 2018.
For Rabaglia, however, the combination of regulatory attention delivering a more formalized landscape worldwide for cryptocurrency will ultimate serve to improve value.
“At the same time that same topic is going to be what’s going to drive it higher in the end.

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