https://cryptocurrency.tech/wp-content/uploads/2018/07/kristofer-mata-640x346.png Christopher Mata, a former Vice President of the investment Department of Goldman Sachs, is so confident in bitcoin that he continues to invest his mother's money in it. Mata believes that bitcoin will again cost $15 000 this year. Christopher Mata is also a co-founder of Crescent Crypto Asset Management. In an interview with CNBC, he said that it should be clear to any conservative investor that the risk-adjusted returns from the cryptocurrency are better than any other asset, and if we take into account its volatility. https://pbs.twimg.com/media/Dh76vwdX4AAqaYW?format=jpg&name=small Since the interview, the bitcoin rate has fallen by 7%, but Mata is still confident in his forecast. He says that the period of growth of bitcoin is still ahead and investors need to be patient and not panic. Mata notes that bitcoin is an asset for long-term investments and will have to walk from 2 to 5 years. "$6,000 is a good entry point for those who are going to invest in bitcoin, " Mata says. The investor also expressed his opinion about the volatility of the crypto currency, he believes that it is still at an elevated level, but what effect the futures had on this indicator and whether there is a causal relationship between them, Christopher Mata does not know. This is not the first decline in the crypto-currency market, but in the long term, the infrastructure will continue to develop and grow, and this, in turn, will attract both ordinary investors and corporate, Mata believes. "The emergence of ETFs on bitcoin should increase the availability of the asset."— said the investor.
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You have a minor misspelling in the following sentence: <blockquote>This is not the first decline in the crypto-currency market, but in the long term, the infrastructure will continue to develop and grow, and this, in turn, will attract both ordinary investors and corporate, Mata believes.</blockquote> It should be <i>in the long run,</i> instead of <i>in the long term,</i>.
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<p>This post has received a 0.35 % upvote from @drotto thanks to: @serfis.</p>
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