2017’s BTC rises with ‘hysteria’

As expected, Bitcoin has fallen once, but this rise is different from the time of 2017, there is a CCO who said that there is a solid ground.

BitPay’s Sony Sing CCO, an encryption and currency settlement service, appeared on Bloomberg TV, and expected that the virtual currency market will continue to rise with the entry of Facebook, JP Morgan and others.

Singh claims that the bull market in 2017 was only hysteria and momentum, but this time it is based on fundamentals.

He said that JP Morgan, Facebook, Fidelity and others have been involved, and cryptocurrencies are starting to have real use cases.

In particular, Sing refers to the cryptocurrency “global coin” that is reportedly developed by Facebook.

The government said it would not be able to say that “bitcoin is illegal” because Facebook and JP Morgan have coins.

In addition, the commentary will lead to the spread of digital currency to 2 billion people in the world, and it will further explain to rivals.

“Google, Apple, Amazon, Tencent, Rakuten, Alibaba, what will they do?

What happens if Facebook launches a coin and gets attention? “

Facebook is reportedly planning to launch its own cryptocurrency in the first quarter of 2020.

In addition, Sing argues that the benefits of Facebook and JP Morgan’s entry are also in regulation.

The regulatory body was skeptical about how it could be shown that “I do not like Bitcoin and Etherium, but I like JP Morgan.”

Based on these points, Singh expects the cryptocurrency market to continue rising.

“Facebook has not yet launched a cryptocurrency,

“Square isn’t the only one, Fidelity is still in beta,” he said, “There may be other companies secretly planning ahead.”

This month, the largest US communications company AT & T announced that it will accept bill payments in virtual currency using BitPay.

Awareness of cryptocurrencies is growing, particularly in the United States.

American companies are getting stronger in the cryptocurrency industry.

If the United States moves, BTC will surely rise fast!

However, since the cryptocurrency market has not yet reached 30 trillion yen, it will become stable as it exceeds 100 trillion.

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