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2019 Crypto Update: The Shift in Bitcoin Sentiment | Expert View | Real Vision™


Tuur Demeester, founding father of Adamant Capital, offers a broad replace on cryptocurrency markets. He shares his evaluation of the 2018 crypto selloff in addition to his future market outlook. Additionally, Demeester discusses his view of the way forward for blockchain primarily based good contracts, cost processing, and asset tokenization. Filmed on December 13, 2018 in Austin, Texas. Watch extra Real Vision™ movies: http://po.st/RealVisionVideos Subscribe to Real Vision™ on YouTube: http://po.st/RealVisionSubscribe Start a 14-day free trial: https://rvtv.io/2LOoZDP

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2019 Crypto Update: The Shift in Bitcoin Sentiment | Expert View | Real Vision™ https://www.youtube.com/c/RealVisionTelevision

Transcript: I believe bitcoin cycles are lengthening, like we’re shifting in direction of bitcoin as being simply one other commodity like copper and gold, very massive market, slower shifting cycles. And so that might imply that this bear market goes to final a bit longer than earlier ones as nicely. But that being mentioned, if I have a look at the worth indicators that we have constructed, they’re exhibiting that proper now bitcoin is a good worth. You can not say that bitcoin is overvalued. And I see it within the sentiment as nicely, whereas just a few months in the past, there was quite a lot of hope nonetheless. There was pleasure about the place we have been going to go in direction of the top of the 12 months. And that is was, I’d say, considerably disgust. People really feel betrayed to some extent. I’m getting the Twitter equal of hate mail, which I do not assume is as a result of individuals hate me. I simply assume that they are reminded of bitcoin as a result of they see one thing that I posted. And in order that, to me, means capitulation. I believe we’re within the capitulation part. And so that is the place I really feel greatest. This is the time for me to build up, to do enterprise. And quite a lot of the noise has been stripped away. And with the tide that is receded, whoever remains to be standing, these are the individuals I believe value taking a look at and concepts value exploring.

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