Wall Street Experts On Growing Bitcoin Popularity
May 3, 2018
April turned to be a breath of fresh air for the owners and supporters of the first cryptocurrency: Bitcoin regained 35% of the cost.
The token has shown peak monthly growth since December which was the most profitable for the cryptocurrency when the Bitcoin rate made up to $20,000. Provided this situation many analysts are convinced that rate growth will add to the coin’s popularity.
Evercore ISI head of technical analysis Rich Ross asserts, Bitcoin depends on psychological aspects, so the normalization of rate is rather beneficial for it.
It is to be noted specifically that there are less news on Bitcoin regulation, so positive interest of crypto users rises and causes rate increase.