Brian Kelly: within two years, the price of Bitcoin will surpass historic highs

Founder and CEO of investment company BKCM LLC Brian Kelly explained the reasons for the recent sharp rise in the price of bitcoin in an interview for CNBC . He believes that the growth of the first cryptocurrency this month is due to significant fundamental factors.

In particular, a few weeks before the sharp jump in price , the number of active Bitcoin wallets significantly increased , and the number of transactions in the Bitcoin block reached a historical maximum.

Kelly also noted the role of institutional investors – the platform from Fidelity is preparing to launch , and the trading volume of bitcoin futures on the largest exchange of CME derivatives has grown by 950% since the beginning of April.

“This will lead Bitcoin to new heights … By 2020, the Bitcoin mining reward will be halved. And within two years, we are likely to see a large increase in [Bitcoin], and if institutionalists come to the market, I think we will exceed historic highs, ” he said.

Kelly also noted that the “bottom” of Bitcoin is within the $ 3,200 mark.

Earlier this month, the head of BKCM LLC stated that “all indicators, be it fundamental, technical or quantitative analysis, indicate that at least the formation of the bottom occurs,” and the next goal of bitcoin will be $ 6000.

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