Saxo Bank: Cryptocurrency Period Q2 Is A New Achievement

Saxo Bank, a Danish investment bank specializing in online trading and investment. And as a brokerage company in 1992, the Bank located in a headquarter in Denmark continued its optimism about the growth of cryptocurrency in the second quarter.

Crypto currency market analyst from Saxo Strats Bank, Jacob Pouncey describes the market of cryptocurrency such as springboards that have risen in Q2 this year, as well as analyzing whether crypto assets enter a new cycle in the future.

"Historically, the price of blue-chip cryptocurrencies has increased, although in general the market is also experiencing global uncertainty and there are off-risk such as Brexit incident, President Trump election at the time, and missile tests by North Korea," he said.

"The capital flow enters the institutional cryptocurrency market due to increased regulatory protection and making investors positive."

The publicly known Saxo Bank with its bitcoin price prediction, when in 2016 at the time of bitcoin prices between $ US450 and $ US950, price forecasts analysts were at $ US2,100 for the following year, something time on the "outrageous" low.

While in December, BTCUSD could fall as low as $ US1,000 in 2018, while analyst Kay Van-Petersen continues the record to forecast $ US100,000 per bitcoin by 2019.

Discussing end-of-trend factors seen throughout the Q1 period, elsewhere Pouncey suggests it will come in time, when the cryptocurrency market will experience a bearish fall. "In my opinion, we will finally see at the end of the cryptocurrency cycle moving towards the negative, due to the number of weak hands that are shaken out of falling prices and only the investors are ready after the bad price this year."

Quoted from Coinbase, it was announced that Alesia Haas Och-Ziff Capital Management hedge fund has joined them as a CFO. And also former Goldman Sachs executive Breanne Madigan has also joined the crypto blockchain.com wallet as head of sales and strategy institutional.

Yesterday, stablecoin, a project-based company revealed that it has upgraded its funding system to $ US133 million from major VC names, including Bain Capital Ventures and Andreessen Horowitz.