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In the wake of the cryptocurrency position proposed by two members of Congress, Bitcoin has finally reached the $ 4000 rally. Two financial experts have recently commented on Bitcoin's upcoming move.
The bitcoin probably falls below $ 3000 – Jeff Kilburg
In a recent interview, Jeff Kilburg and Jim lurio from the TJM institutional services company talked about Bitcoin's performance and its recovery. Mr. Kilburg said that "without government support, the cryptocurrency will have difficulty". He stated this when the Bitcoin was trading at $ 4026 on Friday, which was coming to a declining chart and trading below $ 3000. According to Mr. Kilburg,
"I think it will be difficult to stay above $ 4,000 unless we see something substantial coming out of the Securities and Exchange Commission (SEC) – nothing new is putting the wind in the sails right now."
Following the declaration of Kilburg, Mr. lurio joined the event adding his opinion, said that "the government will hardly accept the cryptocurrency". Mr. lurio said that there are very rare government agencies that love Bitcoin or Crypto and as such we see that the titles "regulate cryptography". In addition, he said that "he has never been a Bitcoin lover".
When Mr.Kilburg said that; Bears have unfinished business [in crypto]and added that tokens lack the fundamental driver unless there is no substantial achievement of the SCE.
Furthermore, it is quite surprising to mention Brian Kelly's Bitcoin prediction that he told CNBC that;
"For me, the case of bull and the investment case is that anything you can say is wrong with bitcoin is going to be solved." He compared crypto growth with the growth of the Internet and he said;
Mr.Kelly also claimed that Bitcoin is approaching the fund and is not surprised if it does; He continued it
"It would not surprise me if we went down to 2900 on bitcoin before we started in. This is kind of what I'm looking at as the next level."
What do you think about the regulatory position on cryptocurrency? Let's discuss
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Without government support, the cryptocurrency will fight for Surge – Jeff Kilburg
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In a recent interview, Jeff Kilburg and Jim lurio from the TJM institutional services company talked about Bitcoin's performance and its recovery. Mr. Kilburg said that "without government support, the cryptocurrency will have difficulty". He stated this when the Bitcoin was trading at $ 4026 on Friday, which was coming to a declining chart and trading below $ 3000. According to Mr. Kilburg,
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tabassum
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