Travis Kling: "Whales" can return bitcoin to their previous height
cryptocurrencies·@moonvoyager·
0.000 HBDTravis Kling: "Whales" can return bitcoin to their previous height
Founder Ikigai cryptocurrency hedge fund Travis Kling believes that a small group of wealthy traders can push the Bitcoin course to new heights. Kling is based on data from its own analysis and information from other institutional investors. In his opinion, there is a small group of “risky whales”, which caused the recent take-off of the first cryptocurrency course. >“We believe in the existence of a relatively small group of experienced, wealthy and risk-loving market participants >who have entered the cryptocurrency industry in the last seven weeks,” Kling noted. He said that these rich traders had a well-coordinated series of cryptocurrency purchases at certain times. It is possible that it was this group of whales that caused the trend to change, creating the basis for market growth. At the same time, Kling noted that the cryptocurrency market strongly depends on the mood of the traders. Interestingly, according to Kling, the initial impetus for restoring the cryptocurrency market was given by the US Federal Reserve, which canceled the quantitative easing policy in January of this year. He also believes that if the first cryptocurrency exchange rate exceeds $ 10,000, an “avalanche effect” can occur, which will quickly raise the price of Bitcoin to $ 20,000, and maybe to $ 30,000. However, it is not clear at what stage these “risky whales” will begin to get rid of their stocks bitcoins. [Source](https://bitnovosti.com/2019/05/31/trevis-kling-kity-mogut-vernut-bitkojn-na-otmetku-20-000/) 