Founder of Bitcoin Foundation: May 2018, Last Time Under $10,000

Charlie Shrem, founder of Bitcoin Foundation, announced that May 2018 is Bitcoin’s last period which it will be worth less than $10,000.

Although a previous research has pointed to the beginning of the “hodl” period of Bitcoin’s long-running trends, this week was the scene of some of the most precise signals that market trading could soon begin.

In an interview with the New York Times, the investment bank Goldman Sachs’ CEO Lloyd Blankfein, who last year said that Bitcoin was not for him, now, has announced that they are designing a plan for Bitcoin futures trading and it will be available very soon.

Shortly thereafter, a senior executive in the company stated that the more direct purchasing and selling could be presented to the customers who insisting on Bitcoin access requests.

 After a tweet on May 3rd, Charlie Shrem, who returned to the cryptocurrency industry with a goal to spread Bitcoin’s advantages to the larger masses, pointed out that this month is an important milestone in the Bitcoin market.

He tweeted:

May 2018 will be the last time we ever see #bitcoin under $10,000    – Charlie Shrem (@CharlieShrem) May 3, 2018

This interest and relevance to Shrem’s Bitcoin is a turning point where the decline since December 2017 has reversed and prices have risen.

In the first quarter of this year, BTC/USD, which fell to as low as $6,500, has climbed by 30% in April and has been climbing since March 8. In March 8th, the trading price hit $9,750 for the first time.

According to the press time, there are now some changes in the market in the hourly charts.

Goldman Sachs’ move recalled the period in which prices rose to around $20,000 on certain stock exchanges thanks to CME Group and CBOE, which issued licensed Bitcoin futures contracts around mid-December.

Some commentators on social media are discussing whether these various events in the past can now be repeated with Goldman Sachs’ customers entering the market. One thing is for sure, Goldman’s moves are going to be watched and critiqued closely.


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