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Nov. 27, 2018

In a recent interview with CNBC, the CEO of Civic (CVC), Vinny Lingham, has expressed his doubts concerning the possibility of bitcoin (BTC) to rise significantly, at least for next six months.

Civic is an identify blockchain-based verification platform which is meant to simplify the process of authorizations. It has its own token CVC, which can be bought on Bittrex, OKEx, KuCoin and etc.

Lingham suggests that bitcoin trading will be fixed between $3,000 and $5,000 for the next 3-6 months. However, Civic CEO also doubts that BTC will break the current level of the support at $3K.

Civic CEO: Bitcoin Will be Between $3-5K for Next Six Months
Vinny Lingham/Wikimedia Commons

In addition, Vinny Lingham says “it’s a bit too risky” to buy bitcoin at the current market’s mood.

Previously, Co-founder and CEO of Civic said that bitcoin may reach $100K as soon as it break $20K one more time, though later he warned the crypto community, that bitcoin price would fall as companies in the cryptocurrency space would become unprofitable and they would have to sell their digital currencies in order to pay up for expenses.

Lingham’s forecast is very different from Novogratz’s, where the last one stated that cryptocurrency market will flip next year already.

Earlier, one of the brightest bitcoin’s bulls, John McAfee urged crypto community to relax, due to he saw bearish mood a dozens of times in many markets.

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