Bitcoin began the year with a fall

Биткоин начал год с падения

The exchange rate of bitcoin is in no hurry to grow

In the early days of the cryptocurrency has lost about 6%.

The cryptocurrency began the current year before any other financial market and in totally different directions. So, Bitcoin for the first few days has already lost around 6% – this is the first time in 2015 when the first bitcoin starts the year with fall, write News economy.

It is worth noting that last year Bitcoin the first day of trading rose 3.6%, to almost $1000, marking the beginning of cryptolibrary that swept the world in 2017. In the end, Bitcoin for the year increased by almost 1500%.

At the end of last year, Michael Novogratz, a former MicroProse and one of the main supporters of bitcoin, have postponed their plans to create hedge Fund cryptocurrencies, because of expected fall in the value of the digital currency to $8 million, according to Bloomberg.

Биткоин начал год с падения



“We didn’t like the market conditions, and we wanted to review what we are doing, said Novogratz in a telephone interview. – It seems to me pretty smart pause right now.” Novogratz was planning to launch its Galaxy Digital Assets Fund December 15, and reversed its decision two days before.

He referred to the growing number of obstacles, including the prospect of buying bitcoin or Ethereum to customers, while selling their personal kriptosistema. “I didn’t want to deal with a schizophrenic emotional side of things, said Novogratz. – This business is so much conflict. It would be more complicated than I wanted.”

Although earlier Novogratz called cryptocurrency “the biggest bubble of our time”, he still believes in them and believes that they will become a destructive force for Finance.

Recall that the cryptocurrency Ripple overtook ether (Ethereum) and has become the second largest capitalization after bitcoin.