PAC Protocol CEO David Gokhstein shared his views on the latest bitcoin status on Twitter.
In particular, Gokhstein called the current market reversal "super necessary" to keep up the price of the flagship cryptocurrency, Bitcoin. According to him, the next step in the price of bitcoin will probably be $ 80,000.
Note that, at the time of writing, Bitcoin is down 7.5 percent and is currently below $ 32,000. The decline in bitcoin prices came amid statistics released by the US Department of Labor on a sharp rise in prices in the United States in June.
It turned out that the key consumer price index jumped 0.9 percent compared to June, reaching 5.4 percent, which was a record increase and was last seen only in 1981.
The decline in the price of Bitcoin indicates that this cryptocurrency, in which many corporate investors have invested, is often seen by them as a risky asset.
However, Gokhstein is a staunch supporter of Bitcoin and has defended it many times. He believes that Bitcoin wants to complete the world economy. According to him, bitcoin is an option for saving.
Gokhstein has also been highly critical of banks. In a recent tweet, he said that banks themselves buy cryptocurrencies while forbidding ordinary consumers from doing so.
David Gugstein has also repeatedly suggested to his followers that they use LightCoin (LTC) and DigiBite (DGB) as a means of fast payment. The experienced financier has repeatedly praised Ripple (XRP) and said that those who cash in on the cryptocurrency will one day use it.
In particular, Gokhstein called the current market reversal "super necessary" to keep up the price of the flagship cryptocurrency, Bitcoin. According to him, the next step in the price of bitcoin will probably be $ 80,000.
Note that, at the time of writing, Bitcoin is down 7.5 percent and is currently below $ 32,000. The decline in bitcoin prices came amid statistics released by the US Department of Labor on a sharp rise in prices in the United States in June.
It turned out that the key consumer price index jumped 0.9 percent compared to June, reaching 5.4 percent, which was a record increase and was last seen only in 1981.
The decline in the price of Bitcoin indicates that this cryptocurrency, in which many corporate investors have invested, is often seen by them as a risky asset.
However, Gokhstein is a staunch supporter of Bitcoin and has defended it many times. He believes that Bitcoin wants to complete the world economy. According to him, bitcoin is an option for saving.
Gokhstein has also been highly critical of banks. In a recent tweet, he said that banks themselves buy cryptocurrencies while forbidding ordinary consumers from doing so.
David Gugstein has also repeatedly suggested to his followers that they use LightCoin (LTC) and DigiBite (DGB) as a means of fast payment. The experienced financier has repeatedly praised Ripple (XRP) and said that those who cash in on the cryptocurrency will one day use it.