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BTC is a ‘high-tech cry for help’, says Forbes chairman

Forbes chairman and editor-in-chief Steve Forbes is of the opinion that all the hype around BTC is due to lack of trust in traditional currencies, He further went on to comment that Bitcoin is nothing but a ‘high-tech cry for help’. In an interview with Ark Invest CEO Cathie Wood, Steve stated that BTC now has to move up the ranks by proving that it is as trustworthy as gold. He added, “It’s performed a very important role in helping people in distressed situations around the world: getting around governments that want to control you and starve you and hurt you.”

All in all, Steve showcased an optimistic point of view regarding cryptocurrencies and its potential. 

German bank BayernLB recently published a research report in which it hinted towards a major leap in BTC price by the end of 2020. The report also suggested that the Bitcoin halving effect is yet to be factored into its current price of about $8,200 and we might witness a humungous price of around USD 90,000 in 2020.
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