Crypto Spring Has Arrived & Institutional Money Will Move In: Barry Silbert

By CCN Markets: Bitcoin, the asset written off by many prominent economists after an enormous fall last year, has surged by more than 115% in the first half of 2019. The world’s largest cryptocurrency in May established a year-to-date high of $9,090 on Coinbase exchange. The price corrected downwards by more than $1,000 afterward. However, the drop did not shake bitcoin’s long-term bullish bias, at least according to Barry Silbert, the founder, and CEO of Digital Currency Group. Silbert told Bloomberg that crypto spring has arrived. He’s been in the crypto market since 2011 and is used to the volatility. “

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Source: Bitcoin CNN