Bitcoin sets a new record for the “longest downtrend” if its price continues to decline in February.
The longest bear market began in December 2013 and ended in January 2015, when prices fell from about $ 1,230 to $ 320 per coin, according to CoinMarketCap. Despite the recovery to almost $ 20,000 in December 2017, the price of BTC began to decline again and is currently at $ 3,468.
In an interview with CNBC, Jan Van Ek, executive director of Van Eck Associates, said:
We have just surveyed 4,000 bitcoin investors, and in 2019 they put gold in the first place to invest.
Van Ek Ek added that “Bitcoin reduced demand for gold a bit” in 2017, but the pendulum swung in the other direction.
Also, Anthony Pompiano, founder of Morgan Creek Digital Assets, said that Bitcoin will not fall well below $ 3,000. However, he argues that the cost of a virtual coin is unlikely to increase dramatically over the next 12 months and will be from $ 2,500 to $ 4,500 for most of the year.
And what do you think about this?
