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Co-founder Kenetic Capital believes that by the end of the year BTC could reach $ 30,000

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In an interview with Bloomberg representatives, Cihan Chu, co-founder of Kenetic Capital, an investment company based in Hong Kong, said that he expects Bitcoin to reach $ 30,000 by the end of this year.

Chu drew attention to the fact that large financial companies are actively involved in the crypto-industry, he pointed out plans for Facebook, Fidelity, and also JP Morgan. He said that society is disappointed with the IPO of Lyft and Uber, and therefore hopes that the development of companies in the blockchain direction and decentralization will be more successful.

In addition, the co-founder of the Hong Kong company drew attention to such an event as “halving Bitcoin”. Recall that this event is expected in May 2020. Chu believes that the combination of these three factors will be a trigger that will bring BTC to the level of $ 30,000.

Commenting on the future of altcoins, Chu said that BTC is undoubtedly the leader, but the success of the flagship cryptocurrency will have a positive impact on the performance of the main altcoins. Cihan Chu not bad assesses the direction of the activity of the Ethereum project team – in his opinion, the pace of its development is simply “amazing”. Chu also noted the Ripple project, the token of this project deserves attention, as company representatives successfully build relationships with major banking institutions around the world.

Unlike other crypto experts, Chu does not expect the US regulator to approve the launch of BTC-ETF. The main catalyst for adopting cryptocurrency, in his opinion, will still be the interest in cryptocurrency of large technological and financial companies, for example, Samsung or Fidellity, which was already mentioned earlier.

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Bitcoin rate will grow from $ 16,000 to $ 62,000 by the end of 2019, analysts' forecasts

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Strengthening the position of Bitcoin creates the conditions for the emergence of more aggressive forecasts regarding the future dynamics of the movement of the coin.

Back in January, one of the analysts who wished to remain anonymous, successfully predicted the trajectory of Bitcoin from April to July. He said that BTC would first overcome the $ 5,300 mark, and by the middle of summer it would trade at $ 9,200 and was right.

In addition, the analyst predicted a cryptocurrency breakthrough to $ 16,000 by October 2019 and announced the continuation of a positive trend throughout the whole next year.

However, in social networks from traders sound more aggressive statements about the prospects of the coin. One of the optimists, a trader under the nickname Galaxy, posted a tweet post in which he announced a bitcoin jerk to $ 62,000 by the end of October.

The forecast is initially perceived as fiction, but if you read the post of the analyst, then you can believe in it.

Galaxy said that in 2017 we observed a similar trend, which resulted in a 570% rise in Bitcoin over 147 days. If we take as a basis the schedule of the course of the two-year-old asset and project it on the current situation, then we can expect an increase in the price of Bitcoin to $ 62,000 by the end of October.

Many Twitter users find the trader’s forecast to be more or less realistic, but they doubt the possibility of such an aggressive jerk of the coin. But there are those who say that such forecasts are not based on anything, and publishing them on the network only aims to increase the number of subscribers.

Publication date 19/06/2019
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Tom Lee: over the next months, the BTC rate will increase by 4 times

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Bitcoin bull Tom Lee believes that the flagship cryptocurrency is close to the FOMO rally, with the result that the value of the coin can rise to $ 40,000 over the next few months.

Tom Lee, head of Fundstrat Global Advisors, noted that the Bitcoin cryptocurrency rate is close to $ 10,000, which could serve as a trigger for the FOMO. Lee refers to the events that occurred at the end of 2017, when the price of BTC, approaching the level of $ 10,000, increased in two days to $ 20,000.

On Monday, the BTC rate overcame the $ 9,000 mark, and after the Libra crypto-project from Facebook was introduced, the cost rose to $ 9,200. It is assumed that the Libra project is proof for society that cryptocurrencies are becoming increasingly popular, large companies, including financial ones, are particularly interested in them. Lee also noted that on the same day, the value of GRAYSCALE BITCOIN TRUST (GBTC) shares rose by 11%, reaching $ 12, which was not observed since July 2018.

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The launch date of the new Ethereum 2.0 blockchain algorithm has become known – January 3, 2020

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Developer Justin Drake (Justin Drake), according to Trustnodes , called the date of transition of the Ethereum network to the second version of the protocol and the introduction of the consensus mechanism Proof of Stake (PoS). According to him, Ethereum 2.0 will become a reality in seven months – January 3, 2020, exactly 11 years after the extraction of the genesis-block of Bitcoin .

Drake also said that the developers of Ethereum for less than two weeks – until June 30 – should finalize and approve the specifications of the zero phase. Before generating the genesis block, they will have to launch a deposit contract for the accrual of funds to validators – and present it at the Devcon conference in Japan in October.

Thus, according to Drake, over the next three months, developers should collect at least 2 million ETH, and in seven months, bring the product to a “production stage”, that is, a test network that has been working for quite a long time without significant flaws and has passed a security audit, for at least two customers.

Recall that the founder of Messari, Ryan Selkis (Ryan Selkis), expects that the transition of Ethereum to the second version of the protocol will take place no earlier than 2021. In early May, Prestmatic Labs co-founder Preston Van Loon announced the public launch of a test network for Ethereum 2.0 – Sapphire – created on the basis of the Casper protocol with PoS consensus algorithm and support for stacking.

Publication date 18.06.2019
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Name Price24H (%)
Bitcoin (BTC)
$9,123.00
-1.00%
Ethereum (ETH)
$267.65
-0.68%
XRP (XRP)
$0.433437
-1.62%
Bitcoin Cash (BCH)
$415.40
-1.13%
EOS (EOS)
$6.87
-1.53%
Stellar (XLM)
$0.125262
-1.73%
Litecoin (LTC)
$137.10
4.30%
Cardano (ADA)
$0.091045
0.52%
Tether (USDT)
$1.00
-0.13%
Monero (XMR)
$99.82
1.99%
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