After the recent big bitcoin fall and rash of digital coin sell-offs—with bitcoin dipping below $6,000 and the overall crypto market losing $550 billion in value on Tuesday—industry insiders are far from discouraged regarding the future of cryptocurrency. On the contrary, experts are predicting a major bull run even bigger than 2017’s, and they are forecasting that cryptocurrencies could surpass a market valuation of $1 trillion this year. “Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market’s rebound and push cryptocurrency prices to all new highs this year,” said Thomas Glucksmann, head of APAC business development at Gatecoin, as reported by CNBC on Tuesday. “There is no reason why we couldn’t see bitcoin pushing $50,000 by December.”
To view the full CNBC article, visit http://nnw.fm/0iTPv
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