This week bitcoin overcame the $7000 barrier for the first time in many months. This volatility forced many crypto experts to express their opinions on the most popular cryptocurrency.
Barry Silbert, CEO of the venture company Digital Currency Group, said that he bought bitcoins last week. In his opinion, the price of the coin will grow.
The expert is sure that the decentralized form of money will remain with us for a long time and bitcoin can be considered a good investment opportunity. Silbert confirmed his statement by actions and bought some bitcoins. He also added that the cryptocurrency price has already reached the low of this year.
The founder of the hedge fund Citadel, Ken Griffin did not agree with him. He feels negative about the first cryptocurrency. Griffin said that the younger generation should do something more productive, which in his opinion does not include investing in digital money. The billionaire claims that none of his clients has ever considered working with bitcoin or any altcoin.
However, most optimistic about the bitcoin is Marc Larsy, a billionaire and co-founder of the investment firm Avenue Capital Group. He said that the cryptocurrency could grow to $ 40,000 over the next few years.
This is due to the fact that bitcoin will gain popularity among ordinary investors. They see how the first enthusiasts have made great profits and want to repeat their success. Larsy argues that an increasing number of markets will allow bitcoin to exchange freely. That's why the expert sympathizes with this cryptocurrency, not the other altcoins.
By Ekaterina Ulyanova