This website uses cookies to ensure you get the best experience on our website
Join us on Telegram for FREE daily market updates!

Blog

Date:
29th Dec 2020
Author:
CryptoAltum Research Team

CSO of Blockstream Says Buying Bitcoin below $30k is an "Incredible Deal"


Samson Mow, the Chief Security Officer of Blockstream, has tweeted saying buying Bitcoin below $30k is an "incredible deal." At the time of writing, the BTC/USD price is swinging below $28k—its all-time high. Analysts and leading banks, including JP Morgan, predict even more price gains above $30k.


Details: 

The Bitcoin price, by the close of this year, would have more than doubled year-to-date, after printing above $28k. The digital asset--said to be better than gold, has been on a tear in 2020 at the back of several triggers, including central bank debasement and the measures taken by governments to arrest the spread of Coronavirus. With inflation expectations and the need to preserve value, the influx from institutions and public support from some hedge fund billionaires have seen the coin's price rally. A JP Morgan analyst now expects even more inflow from leading public companies. 


Impact on the BTC Price: 

Bullish. Samson is a Bitcoin bull, developing the layer-2 solution—Lightning Network. His comments confirm the general belief and expectation of the crypto community.


More market updates on our Blog 


Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020