The latest events taking place in the international market of cryptocurrencies seem to be making international traders and investors doubt the future behavior of digital currencies. With that being said, they are trying to be cautious about their predictions related to cryptocurrencies.
For instance, in his recent interview to Bloomberg, the Commercial Director of BitPay Inc shared his own opinion on the likelihood of Bitcoin restoring some of the lost ground in the near future. Among other questions, he underlined that it's difficult to give a clear answer to the the question of whether the cryptocurrency market has reached the bottom and is now getting ready to go up in value.
According to him, today's market is really sensitive about various rumors related to cryptocurrencies to some extent. Taking into account those hints and rumors, some investors decide to abandon investing in cryptocurrencies because of the relatively high risk and uncertainty. However, the expert thinks, next year we are going to witness a range of events that will change the situation in the market of digital currencies. To be more specific, Goldman Sachs is expected to allow crypto-trading, Fidelity is expected to launch a new BTC derivative, and Square is expected to start accepting payments in cryptocurrencies. On top of that, Blackrock is expected to launch its Bitcoin ETF.
So, the expert assumes that after all of these events, the BTC exchange rate will likely start growing once again.
