{"id":382759,"date":"2019-05-17T22:00:38","date_gmt":"2019-05-17T22:00:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=382759"},"modified":"2024-06-11T13:40:01","modified_gmt":"2024-06-11T13:40:01","slug":"venture-capitalist-improved-fundamentals-will-help-bitcoin-rocket-towards-its-all-time-highs-in-2019","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/venture-capitalist-improved-fundamentals-will-help-bitcoin-rocket-towards-its-all-time-highs-in-2019\/","title":{"rendered":"Venture Capitalist: Improved Fundamentals Will Help Bitcoin Rocket Towards Its All-Time-Highs in 2019"},"content":{"rendered":"
The crypto markets have been on the up-and-up for the past several weeks, and Bitcoin just recently set fresh year-to-date highs in the mid-$8,000 region. Despite this, the upwards momentum that have incurred since early-April was put in jeopardy late-yesterday when BTC plummeted below $7,000 before quickly bouncing back into the $7,000 region.<\/p>\n
Despite some short-term choppiness, over a long-time frame the markets are still in a clear uptrend<\/a>, and one prominent venture capitalist believes that the improved fundamental conditions of the crypto markets will help propel them back towards their all-time-highs in 2019.<\/p>\n Barry Silbert, who is the founder and CEO of the revered crypto\/blockchain focused venture capital firm, Digital Currency Group, shared his thoughts on the current state of the markets in a recent interview with Bloomberg<\/a>, where he bullishly noted that the markets are likely to rocket towards fresh-all-time highs in the near future.<\/p>\n Silbert justified his bullish bias by referring to the improving sentiment surrounding the cryptocurrency as well as its improving technical formations.<\/p>\n \u201cSentiment, the technicals look great. An 80 percent drawdown happened three or four times and every time that\u2019s happened [it hit] record highs. So as soon as you get the price going back up, and animal instincts come back, [the market recovers],\u201d he explained.<\/p><\/blockquote>\nBitcoin\u2019s Sentiment and Technicals Look Great, Claims Prominent VC<\/strong><\/h2>\n