These statements, however, prove to be contradictory to what other experts say. As Thomas Lee, co-founder of Fundstrat Global Advisors claims, Bitcoin is back in a bullish trend. He points out two reasons why Bitcoin is now back in the bull market: the weakening of the dollar and the growth of China's equity multiplier.
Richardson GMP, a management firm in Canada, further points out four key factors as to the increase of Bitcoin's price and market volume such as the blockchain conference that was held in Seoul, the exchange of pound to Bitcoin in view of Brexit, an April Fool's story about the SEC approval of a Bitcoin exchange-traded fund, and the market trigger when BTC went up to 4000 USD.
Ultimately, Julio Gil-Pulgar
of Bitcoinist offers another acceptable reason as to why Bitcoin has been constantly growing in the past days. He asserts that investors and financial specialists are favoring Bitcoin and cryptocurrencies yet again because of the growing global debt that is now around 243 trillion USD.
With these recent statements, have you made up your mind about not buying Bitcoin at all?