Former Vice-President of the investment management division of Goldman Sachs Christopher Matt in another speech on CNBC confirmed that he remains confident in the bullish trend of the first cryptocurrency and does not consider the mark of $15,000 by the end of 2018 unattainable.
Back in June, the co-founder of Crescent Crypto Asset Management said that he would invest in bitcoin even his mother's savings, since the ratio of risks and potential profitability in comparison with other assets is extremely attractive. Matta is convinced that even the most conservative investor is sure to see bitcoin as a good opportunity.
"Bullish sentiment has not subsided over the past six months. Yes, the regulatory authorities have come, but I am sure that reasonable regulation will only benefit us. If you are a long — term investor, the mark of $6000 is a rational entry point," he stressed.
Matta added that bitcoin ETF will significantly facilitate access of institutional investors to a new class of assets. He is sure that the number of new customers is still large.
It is noteworthy that Matt did not argue that there is an obvious connection between the launch of bitcoin futures and the fall in the price.
Recall, a group of researchers of the digital asset market came to the conclusion that with the advent of bitcoin-oriented exchange investment funds (ETF), the price of the first cryptocurrency may be in the range between 25 and 44 thousand us dollars.
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