executive. Crypto Industry Savants Still See Long-Term Potential. First, realize that theres no such thing as a sure bet. Theres a small chance that, its difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market." Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, warned that the bear market would not be over. Depending on your vantage point, bitcoin may be the biggest technology innovation since the Internet or a fad whose crash will be as precipitous as its meteoric rise. And, according to, bloomberg, this bearish volatility is likely to continue into 2019, contradicting sentiment that both the cryptocurrency and equities markets would undergo.
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In the end, the Bitcoin bubble may have been a net good for society. But since its initial sell-off, BTC has found itself amid a veneer of stability, finding a short-term foothold at in the mid-3700s, as bears presumably catch their breath. Crypto Meltdown with Fast Money Trader Brian Kelly, who is the founder and CEO of crypto investment firm bkcm, blaming the nervousness in the crypto markets on the uncertainly caused by the bitcoin, cash Civil War" (the fight between the two competing implementations. The altcoins with the exception of the stablecoins (excluding usdt) were not doing any better, with most of the top 20 cryptoassets suffering double-digit percentage drops. The Japanese crypto proponent added that by the end of 2019, he expects for BTC to surpass the all-time high it established in the wee hours of 2017. GET IN touch Before it's here, it's on the Bloomberg Terminal. While selling pressure has begun to abate, with 24-hour volumes in the cryptocurrency market falling to 14 billion, BTC continued its seemingly endless downtrend on Wednesday.
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