HomeTodays NewsBitcoin [BTC]: Mati Greenspan claims ‘$200 move can easily lead to a $2,000 move’
Bitcoin [BTC]: Mati Greenspan claims ‘$200 move can easily lead to a $2,000 move’
May 26, 2019
Bitcoin [BTC]’s price surge has brought back fervor to the cryptocurrency markets with every sector of the industry witnessing developments. The hold near the $8,000 mark by the world’s largest cryptocurrency was seen as a sign of the bear market waning, and many BTC proponents have agreed with this sentiment.
Mati Greenspan, the Senior Market Analyst at eToro and a major supporter of Bitcoin, recently commented on the market shift by tweeting:
“At this point, a $200 move in the price of bitcoin could easily lead to a move of $2,000. $BTC”
“Usual disclaimers apply. This is not trading advice. Past performance is not an indication of future results. Crypto assets are risky. I don’t move the market.”
The eToro official’s latest comments could be attributed to the significantly increased market momentum in the Bitcoin market, a trend which was missing during the crushing bear run that started back in November 2018. He was also in the news recently when he stated that Bitcoin did not care about the state of the Bitcoin ETF. In his words:
“The idea of the SEC approving a Bitcoin ETF is basically saying that the government is going to approve something that the banks made. I don’t think Bitcoin cares very much about that.”
Greenspan’s opinion came on the back of huge investments into the cryptocurrency, both from the institutional side and the retail side. Greenspan was not the only Bitcoin optimist as he was preceded by Heisenberg Capital’s Max Keiser claiming that BTC still had the potential to scale $100,000.
At the time of writing, Bitcoin was trading for $8,061.48, with a total market cap of $142.86 billion. The king coin also held a 24-hour market volume of $25.01 billion.