The latest survey from the American research web site Finder showed that most top managers of leading financial companies and hedge funds think the price of Bitcoin will increase even more in 2019, and some believe that the year will end at the cost of $9650.
Only in the last two months the price of Bitcoin has steadily risen from $4,000 to over $8,000, almost doubling in price. As noted by respondents, this contributes to the lack of effectiveness of key financial markets as the two largest economies of the world face such problems as trade tariffs.
CEO Celcius Network Alex Mashinsky sees strong growth forecast in the long term, believing that even the current arguments about the vulnerability of Bitcoin to a speculative manipulation will soon be history when the trade will move to decentralized exchanges.
The main advantage with $BTC is that eventually we will move off centralized exchanges and on to DEX, and all the manipulation will be taken out.
— Alex Mashinsky (@Mashinsky) May 20, 2019
The use of new technologies risk management
Almost half of the respondents who participated in the survey Finder indicated that it had convinced major investors to escape from a temporary fall in the price of Bitcoins and to use new technologies for risk management.
The founder of crypto trading company Kronos, mark Pimentel, said they used Bitcoin as more secure harbour in comparison with the main markets and was able to achieve good profits from volatility of the prices:
“The market for cryptocurrencies influenced by the news media and increased attention, so when Bitcoin begins to grow again in price on the market comes more and more traders. For these participants much more fun to buy Bitcoin than to sell. so it creates a predictable increase in prices.”
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