· May 4, 2018 · 12:00 pm
Charlie Shrem: May 2018 Will Be ‘Last Time’ Bitcoin Costs Under $10,000
bitcoin Foundation founder Charlie Shrem has gone on record to forecast that May 2018 will be “the last time” bitcoin costs less than $10,000.
Buy The Last Dip?
In a Tweet from May 3rd, Shrem, who since returning to the cryptocurrency industry has vowed to propagate bitcoin’s benefits to a wider audience, claimed this month would mark a significant turning point in bitcoin markets.
May 2018 will be the last time we ever see under $10,000
— Charlie Shrem (@CharlieShrem)
Shrem’s enthusiasm comes at a time when bitcoin prices continue to reverse the downward trend which began in December 2017.
Reaching lows of under $6,500 in Q1 this year, BTC/USD and has continued climbing since, reaching $9,750 for the first time since March 8th this week.
At press time, was visible on markets, with swings of several hundred dollars occurring on hourly charts.
A Familiar Trend
While Bitcoinist on research showing long-term trends pointing at the start of a ‘hodl’ period in bitcoin, this week saw one of the clearest signs yet that a trading spree could soon begin.
Goldman Sachs, the investment bank whose CEO Lloyd Blankfein said in December last year that bitcoin “isn’t for him,” revealed to the New York Times it plans to trading within weeks.
Afterward, an executive said that more direct buying and selling could roll out to clients who have “inundated” the bank with bitcoin access requests.
The move echoes that of CME Group and CBOE, both of which released licensed bitcoin futures in mid-December, at a time when prices were propelled to over $20,000 on some exchanges.
On social media, commentators were the likelihood of history repeating itself when Goldman clients enter the market. As with the first round of bitcoin futures, which subsequently produced lackluster performance in the bear market, Goldman’s performance will also be watched closely.
What do you think about Charlie Shrem’s bitcoin price prediction? Let us know in the comments section below!
Images courtesy of Twitter/@CharlieShrem, bitcoin Ticker, and Shutterstock.
Published at Fri, 04 May 2018 16:00:59 +0000
You might be interested in …
The Worst Strategies by ICOs to Sidestep Regulation
The Worst Strategies by ICOs to Sidestep Regulation The blockchain movement has inspired lots of talented people to get creative. In the last few years, we’ve seen decentralized ledger technology applied in innovative and imaginative […]
Top Six Cryptos For Under A Penny 2018 Moon Edition by Satoshi Winklevii
Ok here we go friends! These coins all under a cent are my top six crypto picks for just below a lincoln for 2018. Expect them all to moon by next year and be driving […]
If this doesn’t work Ethereum is going to Zero – Constantinople Hard Fork
If this doesn’t work Ethereum is going to Zero – Constantinople Hard Fork With Ethereum being only $92 as of today in another devastating flash crash it would be fair to ask is it heading […]