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EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ FreedomPay Drives Global Merchant Innovation FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Ipswich Town Selects IFX Payments as an Elite Partner Baghdadi Capital Group Selects nCino to Power Global Growth and Expansion Strategy Zilch Unveils Intelligent Commerce & Zilch Pay to Power Next Phase of Rapid Growth Splitit Launches Partner Program to Power Installments for Agentic Commerce Keyrails Chooses Flagright to Power Real‑Time Transaction Monitoring and AML Screening Socotra Launches Agentic AI for Insurance Product Configuration iBanFirst Launches iBanPay, Its New AI Assistant to the UK NatWest Strengthens Support for UK Innovation Economy With Key Strategic Hires Moto and NCR Atleos Extend Collaboration, Expanding Self-Service Cash Access U.S. Bank Selected to Provide Custody Services for Reserves Backing Payment Stablecoins From Anchorage Digital Bank

August 24 2018

Vinay Sharma, Senior Trader at ayondo markets “Move back to $8,000 is possible in short term but crypto bubble has burst”

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“The cryptocurrency market felt somewhat of a “fashion statement” for new fintech-based millennials last year, with the crypto craze sending prices to astronomical levels. This year however we have seen a serious correction due to many reasons. Regulatory pressures, exchange hacks, and the viability for the use of a cryptocurrency are three major reasons for this price fall but as with any craze, the buzz has dissipated and cryptocurrencies are no longer in vogue.

“In my opinion there is little or no chance of a cryptocurrency being used as an actual medium of exchange. At the minute they are being treated as speculative assets and it’s fair to say the asset bubble on crypto’s has definitely burst. In the short term I wouldn’t be surprised if Bitcoin is 20-30% higher in the next few months. There does seem to be some technical support in bitcoin from about $5400-$6000, so a move back to $8000 is possible in the short term. However, as a long term asset, I’m not so sure on its viability as a currency, so I would only be holding Bitcoin from a short term trading point of view.

“In 5-10 years’ time I’m pretty sure Bitcoin will still exist but I wouldn’t be surprised if it is at half the current price of $6000. Twenty years down the line I would be wandering if they still exist at all.”

  1. EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’

    The Fintech Magazine

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  2. FreedomPay Drives Global Merchant Innovation

    Event Videos

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  3. FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences

    Fintech

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  4. Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure

    Funding

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  5. Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds

    News

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