Mar 8, 2019
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No, Bitcoin (BTC) is Not a Quick Rich Scheme, Price Approaching $4,000

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  • Bitcoin prices up 1.6 percent
  • FCA Research paints crypto-asset owners as greedy
  • Transaction volumes low, drive above $4,500 must be high-volume.

The UK’s FCA research concludes that Bitcoin (BTC) and crypto-asset investors are here for the money. Meanwhile, prices are stagnant, and as accumulation continues, the next feasible target will be $4,500.

Bitcoin Price Analysis

Fundamentals

The open source nature of blockchain projects means anyone can plug in, mine, contribute code or do whatever they wish for the sole to strengthen the network. Unfortunately, this is also an open door for speculators keen on making money. Speculators are everywhere, not just in crypto markets.  At least what that is what we get from open source projects. In others as JPM Coin for example, only approved clients can participate despite being developed with blockchain foundations.

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