Yukio Noguchi: Do Not Expect December 2017 Again
July 2, 2018
Yukio Noguchi, famous economist from Japan, believes, another rapid cryptocurrencies rate hike is unlikely.
Noguchi told that currently the rate of the major cryptocurrency makes 1/3 of the December’s maximum level so provided today’s option to trade futures, the next abrupt price leap won’t happen.
Given all this, transaction costs have also dropped due to rate sinking so transferring money via BTC today is cheaper than bank.
Note that since the beginning of 2018 Noguchi used to say that the crisis on crypto market correlates closely with futures trading and stated, Bitcoin used to be a bubble earlier while now we can observe its rate approaching normal levels.