Founder and CEO of Adamant Capital Tour Demester sure that the course Bitcoins currently strongly undervalued.
Such an opinion was expressed by the businessman during a conversation with Peter McCormack and stressed that the value of the coin was being underestimated under the pressure of psychological factors.
BTC is growing and falling in price, depending on the dominant mood in the camp of investors. And these moods too often change under the pressure of internal and external factors.
Currently, confidence in the largest cryptocurrency is still rather weak due to the high risks of fraud and the lack of transparent regulation.
A similar trend was observed in 2013-2014. Traders were very slowly moving to a new asset, but as soon as they were convinced of its reliability, they began to buy it in large quantities, as a result we witnessed a rally of the end of 2017, Tur Demester summarized.
It is worth noting that many analysts share the point of view of the general director of Adamant Capital. In their opinion, the current position of the largest cryptocurrency could be the starting point for a new and more aggressive breakthrough.
At the time of publication of this material, the Bitcoin course is $ 6069. Due to the domination of the negative news background after the attack on the Binance stock exchange, the cost of BTC is still balancing around the psychological level of $ 6000, but most likely soon the price of Bitcoin will continue to grow.
Publication date 09/05/2019
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