Home Bitcoin Ran Neu-Ner: Bitcoin is “About to Explode”

Ran Neu-Ner: Bitcoin is “About to Explode”

4 min read

Popular cryptocurrency analyst, in addition to the host of CNBC’s present Cryptotrader Ran Neuner, maintains that Bitcoin’s worth is “about to explode.”

“I Just Bought Bitcoin for my Parents”

The host of CNBC’s Cryptotrader present Ran Neu-Ner expressed his agency positivity that Bitcoin’s (BTC) 00 worth is about to skyrocket. His utmost confidence culminated in a tweet:

Neu-Ner has historically been vocal along with his worth predictions, remaining bullish for probably the most half. In a current interview with hedge fund proprietor Michael Arrington, the knowledgeable stated that he thinks Bitcoin will attain $25,000 by year-end.

Explaining his deserves on the declare, Neu-Ner stated:

The purpose why I say that is as a result of I feel we’re gonna get an ETF, and I feel the ETF is gonna come someday between August and October and that’s going to ship us to 25,000.

Holding His Ground

Despite the truth that the SEC recently delayed its resolution on the commodity-backed VanEck/SolidX Bitcoin ETF utility, the cryptocurrency knowledgeable stays constructive on an upcoming worth rally. In one other tweet shortly after the one talked about above, he stated that:

 Last 12 months, round this time, BTC went from $6691 (Nov 11) to $20000 (Dec 17) in 5 weeks. This on the again of the expectation and launch of a money settlement BTC futures contract. An ETF is a means larger deal & requires precise buy of BTC.2 looming SEC resolution deadlines forward.

It’s additionally value noting that some suppose a Bitcoin ETF might be made redundant by the digital asset platform of the Intercontinental Exchange (ICE) Bakkt. According to its CEO, Bakkt will commerce pre-funded Bitcoin and never simply paper claims. Industry specialists are already optimistic that this can pave the way for institutional investors.

What do you consider Ran Neu-Ner’s newest place on Bitcoin? Let us know within the feedback under!

Images and media courtesy of Shutterstock, Twitter/@cryptomanran.

Source link

Load More Related Articles
Load More By admin
Load More In Bitcoin

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

National University of Columbia Joins Blockchain Global Consortium for Science

The National University of Columbia is becoming a member of the worldwide  blockchain cons…