In a Tweet on May 3, Sherman-Founder of Bitcoin Foundation Charlie Shrem announced that this month the Bitcoin market would mark an important turning point.
May 2018 will be Bitcoin's "last time" at under $ 10,000. That was Shrem's statement, which made the digital money community flutter. From less than $ 6,500 in the first quarter of this year, BTC / USD prices rose by over 30% in April and have kept rising ever since. Previously, there was a long-term trend analysis indicating the beginning of the 'hold' phase for Bitcoin. Right from the first week of the month, we have seen one of the most obvious signs that an uptrend may begin soon. Currently, Bitcoin has been traded at $ 8,397.10 and Ethereum at $ 700.10.
With Shrem's strong statement, do you believe from June 2018, Bitcoin and Ethereum will change drastically and the value will start to increase rapidly?
June is just about 16 days away and we will see what is really going on whether this is just one of those speculations or he is actually someone who knows what he is predicting but really I don't see anything special in what is being paraded as predictions here and there. Price increasing, yes I believe that would happen but rapidly is not what I would subscribe to because it would cause more harm than good no matter how we want to look at it. A rapid increase would only cause unnecessary noise with various unwarranted comments from unwarranted people but a gradual increase with solidified base is what is needed at this time.