A Whole New Dimension Of Crypto As Bitcoin Hits Above US$10K

Get ready for a whole new dimension of crypto as bitcoin hits above the US$10K mark. Below comments from Fred Schebesta Co-founder of cryptocurrency broker HiveEx.com and one of the world’s biggest personal finance comparison sites Finder.com:

dimension of crypto

MichaelWuensch / Pixabay

Bitcoin, now at AU$15,029 (US$10,456), hasn’t hit above US$10K for 15 months, since March 6, 2018, (although it came close hitting above US$9K in April 2018).

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Q1 hedge fund letters, conference, scoops etc

“Twenty-four-hour volume is among the highest we’ve ever seen – it’s at December 2017 levels when bitcoin reached almost US$20K, which means there’s double the amount of activity right now.

“$100K is the new $10K. It’s game on. Get ready for a whole new dimension of crypto.”

“We’re above US$10K because all the mainstream corporations of the world are jumping in and when this happens it lifts the the value of bitcoin as it holds about 60% of the marketshare. Facebook just announced Libra coin. Visa and MasterCard are coming. It’s going mainstream. If everyone thought the last time was big, when bitcoin reached almost US$20,000 in December 2017, that was just like the first iPhone. This might be the last time we see US$10,000. Bitcoin is going to be as big as the internet itself.”


About HiveEx.com

HiveEx.com is a global OTC cryptocurrency trading desk, which buys and sells large volumes of cryptocurrency, at a fixed price. HiveEx.com is a trading name of Hive Empire Trading Pty Ltd, a subsidiary of Hive Empire Ventures Pty Ltd. Hive Empire Ventures is a related party of Hive Empire Pty Ltd, which owns and operates finder.com and finder.com.au.




About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Prior to ValueWalk, Jacob was VP of Business Development at SumZero. Prior to SumZero, Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and three kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own 2.5 grams of Gold