Price Now

${{ data.btc.now.price }}

Short

${{ data.btc.short.price }}

Long

${{ data.btc.long.price }}

Bitcoin in Good Fit – Says Binance CEO

2018-07-10 14:05:12

#Bitcoin #Bitcoin Price #Exchanges #Investment
Bitcoin in Good Fit – Says Binance CEO

Binance CEO and founder Changpeng Zhao considers that Bitcoin still holds good positions despite 70% correction in the beginning of 2018.

In January – December of 2017 Bitcoin gained more than 2000%. In comparison with the mid 2017, trade volume increased fivefold indicating significant demand and interest in cryptocurrencies as emerging assets. In one of the latest interviews Changpeng Zhao told that the cryptocurrency economy is in better position than a year before in terms of infrastructure, price, trade volume and general growing interest.

In the mid 2017 the cryptocurrency sector had no proper infrastructure both for retail and institutional investors. As of July 2018, there is Coinbase, which lets hedge funds, traditional organizations and pension funds acquire digital assets for millions of dollars. Large banks and financial organizations such as JPMorgan and Goldman Sachs publicly announce about their intention to assist the growing demand for crypto assets in the traditional financial sector. Binance itself expects up to $1 billion revenue.

CoinForecast News

Please enter your email

Latest News

Ripple (XRP) may Become the Official Cryptocurrency of of the Tokyo Olympics 2020

The petition to make Ripple (XRP) the official cryptocurrency of the next Summer Olympics already raised 9600 votes. Ken Takahashi, the author of t...

  2 months ago

Cryptocurrency Startup Eidoo Announced Stablecoin Tied to Gold

We wrote about the STASIS EURS stablecoin tied to Euro a few days ago. Another startup - Swiss Eidoo announced its own stablecoin - Ekon, tied to gol...

  3 months ago

Forbes: Big Investors Believe in Crypto Industry

Despite the significant drop of the cryptocurrency market this year, institutional investors believe that digital currencies are here to stay. Some tr...

  3 months ago

Bitcoin Price Already Hit the Bottom?

Galaxy Digital CEO Mike Novogratz expressed an opinion that Bitcoin price already hit the bottom. He makes reference to Bloomberg's Galaxy Crypto Ind...

  3 months ago

Overview of the STASIS EURS Crypto Currency

Overview STASIS EURS is a new crypto currency positioned as the EURO currency tokenized on a blockchain and having the same value and exchange rate...

  3 months ago