Published On: Tue, Jan 12th, 2021

Bitcoin price news: Will BTC bounce back? Experts urge ‘look at the big picture’ | City & Business | Finance

Li Jun, Founder of Ontology, an open source blockchain specialising in decentralised identity and data, believes institutional investment could be key in avoiding another burst bubble.

He told “A correction is expected after a run like we have just experienced, but I think it is difficult for anyone to pinpoint an exact numerical value for BTC given the astronomical rise.

“It would be borderline foolish to make a specific price prediction, but I think at its core, you have to analyse where the new demand is coming from.

“Is it primarily institutions that continue to pour in money? If so, I don’t expect bitcoin to slow down at all.

“Positive yields from traditional investments will only further boost crypto investments because the yield will be reinvested as long as bitcoin remains its course on a steady climb.”

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