RE: Why Bitcoin Could Reach $23,000 Soon

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Why Bitcoin Could Reach $23,000 Soon

in bitcoin •  7 years ago 

Some of the most popular exchanges are temporarily closing doors for new registrations. That should somewhat reduce the influx of the "new people who only have heard of bitcoin", shouldn't it? Agree with the rest of your arguments, though.

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Well technically that just reduces ability for people to get into alts, but not into Bitcoin (since Coinbase is still open) so should increase demand for cryptocurrencies with fiat on-ramps (BTC, BCH, ETH, & LTC) over alts.