The Korean cryptoinvestor predicted a rise in the bitcoin rate to $ 100,000

02 November 2017, 01:52 | Technologies
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South Korea's crypto-currency investor Bin Hyun believes that the price of bitcoin may exceed $ 100,000, and Ethereum - more than $ 10,000. He stated this at the Seoul conference "The Future of the Crypto-Currency," writes Alpari.

Addressing investors, Henu warned them against ill-considered investments in cheap crypto currencies and advised them to conduct an in-depth analysis of the assets they plan to acquire.



According to him, in the short term, the prices of crypto-currencies will be very volatile, however in the long term the prices of bitcoin and Ethereum will rise. In addition, he did not rule out the possibility of worldwide recognition of crypto-currency as a means of payment.

"Money is just a figure, a number. But they must be a reliable number. Digital currencies are based on the fourth technological industrial revolution, called the block system, "Bin Henu said, adding that the full-scale implementation of the blockbuster will begin in the coming years.




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