After the recent big bitcoin fall and rash of digital coin sell-offs—with bitcoin dipping below $6,000 and the overall crypto market losing $550 billion in value on Tuesday—industry insiders are far from discouraged regarding the future of cryptocurrency. On the contrary, experts are predicting a major bull run even bigger than 2017’s, and they are forecasting that cryptocurrencies could surpass a market valuation of $1 trillion this year. “Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market’s rebound and push cryptocurrency prices to all new highs this year,” said Thomas Glucksmann, head of APAC business development at Gatecoin, as reported by CNBC on Tuesday. “There is no reason why we couldn’t see bitcoin pushing $50,000 by December.”
To view the full CNBC article, visit http://nnw.fm/0iTPv
More from NetworkNewsBreaks
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
