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Nov. 24, 2018

Chief Executive at Genesis Trading, Michael Moro, has said in the interview with CNBC that bitcoin (BTC) will likely bottom out at the mark of $3,000.

Genesis Trading is a institutional trading firm which is focused on digital assets, providing various fintech solutions both for buyers and sellers.

Moro says that the current situation on the crypto market is “really difficult.” The head of Genesis Trading convinced that people won’t find further price falling after bitcoin hit $3,000 flat level.

It’s noteworthy to say, that previously Moro said in an interview with CNBC, that bitcoin won’t hit $5,000. At the time of writing, the price of the leading cryptocurrency in the world is set on $4,376 (+2.33%).

However, not everybody stay skeptical regarding the current state of affairs. The CEO of Overstock, Patrick Byrne, said in interview with WSJ that he would sell all of his retail business in favour of the crypto space by the very beginning of the 2019 and BitPay CCO even has predicted the rise of bitcoin by the end of 2019 up to $20,000.

Earlier, Genesis Trading CEO also stated that bitcoin (BTC) still had to prove itself as a digital gold.

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