Today, Civic CEO and Shark Tank South Africa star Vinny Lingham discussed the direction of Bitcoin’s price on CNBC’s Fast Money. In summary, the supply-demand balance will be almost equal for a while.
Winter is coming for #crypto! The Oracle of #bitcoin @VinnyLingham says to hunker down for a brutal stretch. pic.twitter.com/vRHffh0Bf7
— CNBC’s Fast Money (@CNBCFastMoney) November 26, 2018
Interview, the presenter’s Bitcoin It started with her asking where to go from her current situation. Lingham said that the price will change in the $3,000-$5,000 band for the next 3-6 months, and then it may decrease even more. He asked if he was close. Lingham noted that he has a complex history with cryptocurrency, then moved the conversation to Bitcoin’s scalability issues and, accordingly, slowing market growth.
He does not see Bitcoin as a store of value or currency, but other projects are addressing the issue He thinks he’s trying to get it. Currently, all institutional currencies are afraid because the current market is at the highest level of risk, but he thinks it will be a smart purchase if Bitcoin returns to $ 6,000.
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