Mike Arrington: Bitcoin will Reach $25000 by the End of the Year
Mike Arrington, Fouder and CEO of Arrington XRP Capital stands with Tom Lee in the Bitcoin price forecast. According to his version, Bitcoin will pull through and reach $25,000 by the end of the year. In addition, he noted that his hedge fund stores major part of assets in Bitcoin, not Ripple.
Arrington launched the hedge fund in November 2017, focusing on cryptocurrency and ICO. In his telling, cryptocurrency is the best way to move the money around. This explains his investments in XRP.
“We’ve denominated our fund in XRP because it’s a fantastic way to move money across the border quickly at almost zero cost.”
Recently Ripple became a target for relentless criticism. Its status as cryptocurrency was repeatedly questioned due to the level of centralization.
“The one thing all critics agree on is they all hate XRP.”
Arrington explained that his fund is extremely diversified. Thus, Arrington XRP Capital holds Bitcoin, Ethereum and other crypto in the portfolio. Regarding Bitcoin, Arrington is very optimistic about its future.
Currently, Bitcoin price makes $8,006.