The bottom of the cryptocurrency market is passed – a bitcoin exchange rate on the way to $ 6000, Brian Kelly

The founder and head of investment company BKCM LLC Brian Kelly (Brian Kelly) said that the next goal of Bitcoin was the mark of $ 6,000.

In an interview with CNBC's Futures Now program, Kelly said that after yesterday's jump in the first cryptocurrency rate by 17% and reaching the $ 5,000 mark, the bottom of the cryptocurrency market seems to have passed.

“All indicators, whether fundamental, technical or quantitative analysis, show the completion of the formation of the bottom. What is interesting in this movement is that it passed against the background of the improvement of fundamental indicators and the gradual adoption of cryptocurrency by institutional investors , ”Kelly said.

According to the head of BKCM LLC, large institutional clients should be the basis for the growth of Bitcoin .

“Even very rich people and family companies are beginning to show interest. For example, there are a couple of large companies that are launching custodial solutions. So there is a serious game, " – said Kelly.

Earlier, a cryptocurrency expert expressed the opinion that Bitcoin is undervalued by 50%. He noted that the year 2019 should be more successful for cryptocurrency than 2018, and it seems he was right.

Publication date 03/04/2019
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