Fundstrat Global Advisor Managing Partner and cryptocurrency enthusiast Tom Lee believes that after the recent strong growth in Bitcoin, the bulls have again begun to dominate the market.
Founder and CEO of BKCM cryptocurrency investment company Brian Kelly believes that the industry does not currently need Bitcoin traded exchange traded funds (ETFs).
Kelly emphasized that Bitcoin ETFs are not needed for the development of the industry, since the first cryptocurrency is already available for trading on regulated platforms such as Fidelity and TD Ameritrade.
The symbol of Bitcoin will appear on the form of players of the English professional football club Watford. In addition, the team will begin to sell souvenirs for cryptocurrency.
The football club announced on its website that the Bitcoin logo will appear on the players form as part of the club's partnership with the Sportsbet.io betting platform. The team will also start accepting Bitcoin as payment for their souvenirs.
Binance cryptocurrency exchange CEO Changpeng Zhao said a recent $ 1 billion cryptocurrency transaction shows bank failure.
Jack Dorsey, CEO of Square's payment startup and founder of Twitter, said that Bitcoin will continue to spread, but it's too early to consider currency.
The founder and CEO of the consulting company deVere Group, Nigel Green, believes that the new "bottom" for Bitcoin is now at around $ 10,000.
"Looking at its performance this year, I believe that the new normal bottom price for Bitcoin is $10,000. It bounces at this price. If it fluctuates below this level, it shoots back up again. We have seen this in action on Monday when Bitcoin hit $10,500 in a matter of minutes," Green said.
Luno cryptocurrency exchange CEO Marcus Swanepoel expressed the opinion that 90% of users use Bitcoin for investment or speculation, not for payments.
In an interview with CNBC, Swanepoel said that only a small part of the first cryptocurrency users use it for transactions and payments in the real world.
A survey conducted by the Chinese cryptocurrency company BabelFinance showed that local investors are waiting for the growth of Bitcoin, and according to 30% of respondents, the Bitcoin exchange rate for the year will exceed $ 30,000.
The study showed that the average Chinese cryptocurrency investor is a young, well-educated man with above-average income. More than 76.3% of male respondents have a college degree or higher.
According to Coinmarketcap, the Bitcoin dominance in the cryptocurrency market is currently about 68%, but Arcane Research analysts believe that in reality it reaches 90%.
The researchers emphasized that the services, when assessing the dominance of the first cryptocurrency, do not take into account liquidity in the market and a decrease in the price of an asset when mass selling tokens.
Spencer Bogart, general partner at Blockchain Capital, a venture capital firm, expressed confidence that Bitcoin will become a safe asset in the long run.
In an interview with Bloomberg, Bogart noted that the risks of devaluation of fiat money would boost the Bitcoin exchange rate.