Since the beginning of the year, Bitcoin has seen some forward movement in comparison to the sluggish performance it had in the last year. Jehan Chu, co-founder of Kenetic, told Bloomberg in an interview that this movement is far from over for three key reasons.
Jehan said that he believes that Bitcoin could easily reach a value of $30 thousand per unit by the conclusion of 2019.
“I think, ten years out from the Bitcoin story, we’re starting to see a story become reality. And what people are really seeing now is that cryptocurrency is not going away… It’s Facebook (NASDAQ:FB), Jamie Dimon [...] all who are getting in the space either in building infrastructure or providing services. So that’s first,” he said.
While it’s di...