Cryptocurrency
Bitcoin price: Expert says US and Iran WAR would cause bitcoin to hit ‘$100k a coin’ via @Daily_Express
As reported by Daily Express, “Bitcoin has steadily gained ground over the last week, rising from less than $4,000 to $8,100 on Tuesday, and in five days rising from $6,000 to $8,000. Bitcoin expert Clem Chambers, CEO of ADVFN and Online Blockchain plc., told Express.co.uk there are many factors that have contributed to the sudden […]
As reported by Daily Express, “Bitcoin has steadily gained ground over the last week, rising from less than $4,000 to $8,100 on Tuesday, and in five days rising from $6,000 to $8,000. Bitcoin expert Clem Chambers, CEO of ADVFN and Online Blockchain plc., told Express.co.uk there are many factors that have contributed to the sudden price increase in bitcoin, including the US pressure against Iran. He said: ‘If you are an Iranian and you want to protect some of your wealth, or you might have to leave Iran and you are worried. In the old days, you would buy gold – bitcoin is the new gold.’
“Mr Chambers explained: ‘The baseline of why this has happened is that the crypto winter is over. And when you reach the bottom of the market, it does bounce pretty quickly – so that is a technical reason.
“The headline reason is that there is a trade war between America and China. What that actually means is that China is likely to devalue.’
“The cryptocurrency expert said it is a ‘worry’ for anyone who holds Chinese Yuan so they will put their money into bitcoin.
“Mr Chambers also said another ‘very important’ contribution is that digital currency exchange Coinbase is now offering Visa debit cards, allowing people to easily purchase goods using their cryptocurrency.
“The finance boss insisted bitcoin will ‘definitely’ hit new highs, adding: ‘You can’t put crypto back in the bottle – it’s out of the bottle.'”