2018-7-19 22:03 |
Bitcoin price has found its bottom, according to early Bitcoin investor and Founder & CEO of Digital Currency Group, Barry Silbert.
Bitcoin price 00 saw an unprecedented rise July 17, spiking with more than 10 percent in around 45 minutes.
Speaking on CNBC’s Fast Money, Bitcoin advocate Barry Silbert associates the increase with the fact that a lot of people were actually looking for a bottom which, according to him, is already in.
He finds it particularly positive that criticism from key figures fails to impact Bitcoin price at all:
When the chair of the Fed says negative things about Bitcoin, and Howard Marks says negative things about Bitcoin, and Ken Griffin says negative things about Bitcoin and Bitcoin doesn’t move, I think that’s a really bullish sign.
The post Bitcoin Price Has Bottomed, According to Barry Silbert appeared first on Bitcoinist.com.
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