Bitcoin hits $10000 - comment from eToro

Iqbal Gandham, UK Managing Director at eToro, one of the largest cryptocurrency retailers in Europe, commented:

“Hitting $10k demonstrates the renewed energy in the crypto market, as it shakes off some of the volatility from the start of the year. Recent market jitters has led some commentators to suggest that we were witnessing the start of a continual slide. But we believe we have turned a corner, particularly off the back of news that regulators in the USA, Singapore, and South Korea have no plans to ban cryptocurrencies.

“The reality is that emerging technologies carrying radically new ideas will always see swings in their value before their potential is fully realised and the price stabilises. But the potential of blockchain technology is becoming increasingly clear to everyone from central banks, hedge funds, governments, to big incumbents, so we’d expect the price to climb higher still.”