While predicting that Bitcoin "Will rebound next year," Singh was mostly bearish on altcoins.
Singh said that altcoins "Will never come back" to their previous levels, stating that firms like Fidelity and BlackRock are "Not going to launch altcoin products, they're going to launch Bitcoin products."
Talking specifically about BitPay, the company's CCO claimed that the they have "Never been more bullish" on Bitcoin, saying the industry is going "Full-speed ahead," with a growing number of partnerships and new hires.
In this regard, BitPay was recently integrated by luxury auto retailer Post Oak Motor Cars to enable the U.S. dealership to accept BTC and Bitcoin Cash as payment for Rolls-Royce, Bentley and Bugatti.
Concerning new "Big entrants" to the industry, anonymous sources today revealed that U.S. banking giant Morgan Stanley is planning to offer clients Bitcoin trade swaps, which would enable them to trade crypto derivatives without holding any of the cryptocurrency.
BitPay CCO Predicts Altcoins to 'Never Come Back,' Bitcoin to 'Rebound' in 2019
gepubliceerd op Sep 13, 2018
by Cointele | gepubliceerd op Coinage
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