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Quoine CEO: Bitcoin price will hit new all-time highs in 2019

04 Dec, 2018 | Updated: 04 Dec, 2018
by Joeri Cant
News
Quoine CEO: Bitcoin price will hit new all-time highs in 2019

Mike Kayamori, the CEO of cryptocurrency exchange Quoine, told Bloomberg Markets in an interview that he believes that Bitcoin will reclaim or surpass its all-time high by the end of 2019.

Kayamori further stated that, even though he thinks that the market won't be showing any significant bullish corrections until the end of this year, the bottom for Bitcoin is close.

'When you look at historical patterns and where things are going, I think the bottom is near.'

Kayaomori seems hopeful that once the new year has taken off, a lot of catalysts could influence a sustainable rally in the Bitcoin market.

Related: Nasdaq confirms launch of futures trading platform early 2019

'Japanese regulators are starting to open up again. They are going to approve new exchanges. They are going to approve new listings. All of these things will start from the new year', he said.

'The global trend is to accommodate these high-frequency traders. There is going to be this dealers-brokers who will be offering crypto to their retail customers. And there are these OTC brokers who will be providing services to institutional investors' 

Kayamori discussed how miners were discontinuing their bitcoin mining operations due to the asset’s price tumble, and evaporating profits.

'If there’s enough miners going out of business, that means equilibrium is near. When you look at how markets overshoot, both up and down, you can probably say it’s close to the bottom.'

'We have a lot to look forward to', he said.

Related: 'Bitcoin very close to finding its bottom', says crypto analyst

Related: 9 Bitcoin price predictions for 2019 by crypto experts

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Read more about:Bitcoin (BTC)Quoine

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