Such a different beginning: the crypto-currencies started the current year ahead of any other financial markets and quite in different directions.
So, bitcoin for the first days has lost about 6%. Curiously, this is the first time since 2015, when bitcoin starts the year with a fall.
But ethereum, by contrast, soared by 11%.
Recall last year, bitcoin on the first day of trading rose by 3.6% reaching almost $ 1 thousand, thereby putting the beginning of the crypto-madness that swept the world in 2017. Bitcoin has risen in price by almost 1500% for the year.
At the end of last year, Michael Novogratz, a former macro-manager and one of the main proponents of bitcoin, postponed his plans to create a hedge fund for crypto-currency due to the expectation of a drop in the value of the digital currency to $ 8,000, reports Bloomberg.
“We did not like the market conditions, and we wanted to reconsider what we are doing,” Novograt said in a telephone interview. “It seems smart enough to push the pause right now.” Novograt planned to launch his Galaxy Digital Assets on December 15 and canceled his decision two days before.
He cited a growing number of obstacles, including the prospect of buying bitcoin or etherium for customers while simultaneously selling his personal crypto-investments. “I did not want to deal with the schizophrenic emotional side of this affair,” said Novogradets, “there are so many conflicts in this business, it would be more difficult than I wanted.”
Although Novograt used to call crypto currency “the biggest” bubble of “our time”, he still believes in them and believes that they will become a destructive force for finance. Earlier in December, he said that bitcoin could reach $ 50 thousand by the end of next year, raising its previous forecast of $ 40 thousand.
