'$1,000 is Where Bitcoin is Going to Be in April or May' – Financial Analyst

Bitcoin’s value dropped by 13 percent on Tuesday, after losing more than 15 percent on Monday, to below $6,000. The fall comes after banks J.P.Morgan Chase, Bank of America and Citigroup banned their customers from buying digital currencies using credit cards. Radio Sputnik spoke with Leonid Delitsin, analyst at investment holding company Finam.

I believe that if Bitcoin’s value was about 1,000 dollars a year ago, at that time the investors, were different people, those were believers, who thought of a bright digital future of Bitcoin becoming new instrument for payments and for transparent transactions and so on. These people could hold it for a while, but those who wanted to earn quickly they will sell it, so I believe that 1,000 dollars is where it’s going to be in April or May.