While predicting that Bitcoin "Will rebound next year," Singh was mostly bearish on altcoins.
Singh said that altcoins "Will never come back" to their previous levels, stating that firms like Fidelity and BlackRock are "Not going to launch altcoin products, they're going to launch Bitcoin products."
Talking specifically about BitPay, the company's CCO claimed that the they have "Never been more bullish" on Bitcoin, saying the industry is going "Full-speed ahead," with a growing number of partnerships and new hires.
In this regard, BitPay was recently integrated by luxury auto retailer Post Oak Motor Cars to enable the U.S. dealership to accept BTC and Bitcoin Cash as payment for Rolls-Royce, Bentley and Bugatti.
Concerning new "Big entrants" to the industry, anonymous sources today revealed that U.S. banking giant Morgan Stanley is planning to offer clients Bitcoin trade swaps, which would enable them to trade crypto derivatives without holding any of the cryptocurrency.
BitPay CCO Predicts Altcoins to 'Never Come Back,' Bitcoin to 'Rebound' in 2019
Udgivet den Sep 13, 2018
by Cointele | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.