CEO of Digital currency Group said that Bitcoin has called “Hit The Bottom for The Year”

CEO of Digital currency Group said that Bitcoin has called “Hit The Bottom for The Year”

Barry Silbert, who is the founder and chief executive officer of the venture capital digital currency group, said he is excited at bitcoin (BTC) as an investment vehicle of CNBC on July 18.

Silbert speaking at the Delivering Alpha conference on Wednesday in New York, he said that he thinks, “we have probably hit the bottom for the year. I have actually invested some money in bitcoin last week.” He thought that “as an asset class it is here to stay…he is 100 percent assured, a decentralized, non-fiat form is here to stay.”

Jeremy Aller from the cryptocurrency startup circle, which is supported by Goldman Sachs and Baidu, they also addressed the conference. It was also stated by Aller that Blockchain will become the basis of new technological innovations:

“It’s a new infrastructure layer of the Internet, it’s going to change the operating system, it’s the future of the Internet … it’s not just digital gold.”

The founder of the Citadel hedge fund and the CEO, Ken Griffin is more doubtful about leading cryptocurrency. At the same conference, he acknowledged about BTC  and claiming that the younger generation should be “more productive than investing in digital currencies.”

Today, co-founder of Avenue Capital Group, Marc Lasry, shares the positive attitude of Silbert, saying that BTC is going to reach $ 40,000 soon. He said that “As it becomes more in the mainstream, and as soon as it is allowed to do business in more markets, where it is freely tradable.



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