#Bitcoin:BTC Rises Close to $9k as the Crypto Winter Finally Ends
The number one cryptocurrency, bitcoin, has risen close to $9k mark as at last night.
Bitcoin, which has risen by 27% this month, has attracted lots of comments from expert, as one of them said that after a tough first quarter, “winter is ending for Bitcoin.”
According to reports online, Bitcoin, is currently priced at $8,866 after hitting $9,003 late last night.
Experts from various industry are now speculating that with the US tax deadline behind it, Bitcoin’s recovery to $20,000 will begin.
While speaking with CNBC, one Mr. Tom Lee of Fundstrat Global Advisors, said: “We believe the ‘winter’ is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading.”
He further said: “We believe large institutional investors globally use this ETF as a way to quickly gain exposure to Bitcoin.Hence when shares rise, big money is buying bitcoin.”