CEO of Binaryx Commented on the Future of Bitcoin
Oleg Kurchenko, CEO of Binaryx, told Finance Magnate about the future of Bitcoin. According to Oleg’s opinion, retail sales will not affect the exchange rate, because the market capitalization of Bitcoin is quite high.
His main points are the following:
- “If there are no periods of sharp drops of 20-50 percent over several days, there can be no periods of the rapid growth of 100-200 percent over a short time as well.”
- “Sharp movements make crypto-assets attractive for retail investors, who tend to take high risks in pursuit of high profits.”
- “If you remove the risk, then cryptocurrencies will become as boring assets as metals or other traditional assets trading on the world’s largest exchanges.”
- “Big drops will no longer be possible when the capitalization of Bitcoin is so large that retail sales will not affect the exchange rate.”