Bitcoin and cryptocurrency bulls have been out in force over recent weeks and months, pushing the bitcoin price and the wider cryptocurrency market to year-to-date highs and somewhat recovering lost ground after a disastrous 2018. The bitcoin price has more than doubled in the first half of 2019, rising from under $4,000 to over $8,000 as the world's technology giants and big retailers dip their toes into bitcoin, cryptocurrencies, and blockchain. Vays did, however, reiterate his previous statement that he thinks "everyone should have some bitcoin" and that it is unlikely that bitcoin can dip below $2,000 "at this point." The former banker made a $250,000 bet in March that bitcoin will fall below the $2,000 price point before the 2024 bitcoin halving. Earlier this week, bitcoin and cryptocurrency "millionaire" Erik Finman revealed he thinks bitcoin will return to its all-time highs of near $20,000 per bitcoin before 2020 if the industry makes the strides his is expecting, pointing to tech companies and bitcoin and crypto interest from U.S. presidential hopefuls.

Source: Forbes June 12, 2019 08:21 UTC