Crypto players from around the globe are chiming in on the direction of the Bitcoin (available on Coinbase) price in 2019. Will it continue to see price crashes? Or will the current recovery continue? Better yet, has the industry had a good year and will it continue to have significance in the new year?
Earlier in the week, we heard from bears, like Erik Finman who called Bitcoin (available on Coinbase) “dead;” and we heard from Spencer Bogart, a Bitcoin (available on Coinbase) bull, who not only said BTC will continue to rise, but that 2018, contrary to popular belief, has been one of the best years for the cryptocurrency.
Today, word surfaced that the President of Coinbase, Asiff Hirji, believes somETHing similar to Bogart.
2018: A Good Year for BTC, Despite Bitcoin (available on Coinbase) Price Crashes
Despite the crashes experienced in 2018 (such as the bearish run that sent the Bitcoin (available on Coinbase) price to a low of $3,200), Asiff Hirji believes BTC is recovering.
In his interview with CNBC’s Fast Money, Hirji said this recovery isn’t surprising and that it’s likely to continue into 2019. That’s a statement in complete opposition of the thoughts of Erik Finman. “Some things are never as good as they seem,” said the Coinbase President, “and never as bad as they seem.”
Bitcoin (available on Coinbase) soaring this week as the markets selloff. Here’s what @Coinbase president @asiffhirji had to say about the move pic.twitter.com/dCrXkhq5bz
— CNBC’s Fast Money (@CNBCFastMoney) December 20, 2018
During the interview, Hirji spoke on the performance of the crypto market in the last year. According to Hirji, there’s been more innovation this year in the market. “We’ve never had as much innovation as we have today,” Hirji explained, citing, for instance, how cryptocurrencies are getting more visible.