Bitcoin, the leader in the cryptocurrency market, which peaked this year after spending $ 12,800 in June, fell below $ 8,000 with the accelerated decline in September and has been moving at this price level for about a month. .
However, the cryptographic currency, which reached its all-time high in December 2017 at $ 13,800, fell to $ 3,500 in January 2019.
Bitcon, which has thrilled investors with its approach to its summit in June this year, has fallen below $ 8,000 and is considered by some experts to be a sign of the "bear market". Some experts think a new and much larger summit will take place in a year or two.
Mike Novogratz, former hedge fund manager and CEO of Galaxy Digital, told CNN Julia Chatterley that Bitcoin would increase to $ 20,000 in 18 months, an increase of 150%.
A comment similar to Novagratz's came from Travis Kling, director of the Ikigia Fund. In a recent interview with Yahoo Finance, Kling said investors would not have to wait long to see the all-time high.
According to Novogratz, consolidating Bitcoin between $ 8,500 and $ 14,000 will help raise the price. According to Novogratz, negative interest rates, geopolitical unrest and distrust of central systems are the most important factors that will support demand for Bitcoin and increase capital inflows. All these adversities are leading investors to look for alternative systems and solutions.