Bitcoin price: ‘Growing pains!’ Bitcoin crash would be ‘HEALTHY’ as cryptocurrency MATURES
BITCOIN is just experiencing “growing pains” as the cryptocurrency market matures, the CEO of a digital currency brokerage has said, dismissing fears that the bitcoin bubble has burst.
By ABIGAIL MORRIS
Express.co.uk
Thu, Feb 1, 2018
Bitcoin has had a rocky month with some speculating that it was the market crashing, but it’s just the cryptocurrency maturing, according to Oliver von Landsberg-Sadie, the founder of cryptocurrency brokerage BitcoinBro.
Speaking to Bloomberg, he said: “I think we’re seeing growing pains.
“You referred to regulatory setbacks but I think these are regulatory steps forward.
“South Korea’s stance on making sure that the exchanges know who they’re dealing with is a very positive step.
“But it did have a hit on bitcoin.”
Mr von Landsberg-Sadie added that regulation and the recent correction in bitcoin’s price was a sign the market was “growing up”.
He said: “I think the regulatory environment is one of few factors contributing to this correction, which I see as a very healthy correction.
“It’s a sign that the markets growing up and it’s recognising that cryptocurrencies are not a tool for money laundering or illicit use.
“I think it’s a step in the right direction.
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