The expert Claire Wells said she thinks the price of bitcoin price will rise soon in upcoming times as the Bitcoin price hit any time all the time this year as it plunged the price this weekend.
According to CoinDesk, the new price of bitcoin will hit the market “ new low for 2018 over the weekend, sinking to $5,938.17 on Friday evening”.
Director of Legal and Business Affairs Claire Wells did a mobile payment to the company Circle, she said: “a bitcoin price increase is likely but cryptocurrency regulation could not play a key of part”.
Ms. Claire Wells expressed her views on like this “We are seeing slightly less volatility at the moment.”
“We are seeing slightly less volatility at the moment”
She said: “Prices are down and trading is down but I think the price will increase again over the next few months and I think a lot of people are waiting to hear how regulation is thinking about it.”
The Fintech company makes a plan to make US dollar digital version in hope of solving the high volatility levels surrounding cryptocurrencies.
A new cryptocurrency is secure to the dollars by the tech start-up which has been launched and where every customer will be required to hold at least $1 for every USD coin in an effort to keep the price stable all over.
Ms. Wells said a cryptocurrency price rise is “inevitable”. She said: “I wouldn’t necessarily want to put a price tag on or a currency frontrunner but I do think we will see an increase in value and, I mean, that’s inevitable.”
On Tuesday Bitcoin price stood at £6,173.04 at 17:30 (BST), before Christmas the bitcoin will touch the price very high and will hit almost $20,000.
The billionaire Bill Gates told CNBC news that he would bet against the bitcoin and short it if he could as Bitcoin and other cryptocurrencies have already faced a lot of problems and got too much criticized by banks and financial experts and Former PayPal CEO Bill Harris also claimed bitcoin is the “greatest scam in history”.
The Microsoft co-founder said: “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment.”
Bill Gates added: “I agree I would short it if there was an easy way to do it.”