Bitpay Executive: $20,000 Bitcoin Price in 2017 was an ‘Anomaly’

Bitpay CCO Sonny Singh has stated that the $20,000 bitcoin price at the back-end of 2017 and the price fluctuations throughout 2018 were a bit of “an anomaly”. He also agrees that bitcoin demand and usage were at a low last year and although crypto volatility has been a continuing trend into the new year, prices could still steadily rise over the course of 2019. Singh made the statements when talking to Bloomberg in regards to the future of bitcoin after its sudden stumble in the final quarter of 2018. Bitcoin was Not a Hedge Against Falling Stock Prices The lively conversation on the Bloomberg Technology show with Bloomberg Opinion’s Stephen Gandel and the Bitpay chief commercial officer Sonny Singh brought up some interesting points on both sides of the bitcoin argument. The discussion started with Gandel talking about the defining factors that have contributed to not only the massive…

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