The current host of the CNBC Africa Crypto Trader program, Ran NeuNer, has said Bitcoin is bound to rally high in the finance market, and while we await the cycle, Bitcoin will rally at an all-time high this time around.
The co-founder and CEO of the blockchain investment fund and advisory company Onchain Capital, gave this perception while commenting on the present trend of Gold.
The gold asset is rallying high in the market, at an all-time high to be precise. The same is expected of Bitcoin soonest, NeuNer averred.
The initiator of the world’s first CNBC crypto television show said Bitcoin will soon follow the trend of Gold, “it’s a matter of time.”
Ran NeuNer further proclaimed that the present level of Bitcoin is just a temporary position despite the level of stability seen since 2018.
Coupled with the present printing policy of the United State FED, NeuNer said once Bitcoin break-even, its present level would be ousted and we won’t see it again.
Ran NeuNer holds a bachelor’s degree in Finance, and he currently runs his OPM studies at Harvard Business School. The Israeli-South African businessman was formerly the CEO of one of the largest marketing and sale company in South Africa before selling it to Publicis Groupe in 2015. NeuNer holds a good position in the finance market.
On June 20, the businessman said Bitcoin is already and overdue to a bullish run. However, the time, or how soon Bitcoin will print a bullish cycle is not known.
Earlier in 2018, the crypto analyst forecasted that Bitcoin will reach $50,000 per unit price before the year runs out, however, he rescinded the prediction later in the year. He said due to the state of the market then, he does not see Bitcoin reaching $50K price in 2018.
Following the recent Twitter hack that saw over $120,000 in Bitcoin fell into the hands of hackers, NeuNer expressed his distress that cryptocurrency was involved in the hack. He said the hackers are uncreating the pillar enthusiasts and evangelists of cryptocurrency have built over the years, mentioning that the crypto industry is being battered by credibility issues in almost all countries of the world.
Ran NeuNer: “I swear it’s Alt season”
Sequel to the remarkable display by alternative cryptocurrencies in the market for about two weeks, crypto trader and businessman Ran NeuNer attested to the widespread claim that the alt season is here, saying “I swear it’s Alt season”.
However, it is unclear if he was joking as the crypto icon urged not to let Bitcoin maximalist know about this. He further stated that any altcoin that is yet to rally upward now is probably dead.