Bitcoin restores, but the CEO of Gatecoin warns: November will be volatile

Bitcoin, the most popular and valued cryptocurrency in the world, is now regaining its positions. Yesterday (9 October 2017), according to Coinmarketcap, its price already was around $4680, and now even bigger numbers - $4849. As a reminder: the all-time high for Bitcoin is $5000.

Stats courtesy of Coinmarketcap.com

As Aurélien Menant, who founded and is currently heading Gatecoin, explained to CNBC in an email interview: the recent regulative measures in various countries, primarily in Japan, were encouraging for institutional investors to enter the market, “and we are finally seeing the effect of this additional liquidity”.

Menant demonstrated that he knows how protocol updates can affect the cryptocurrency prices when he shortly told about the situation which resulted in Bitcoin Cash emergence and added: “The forthcoming Bitcoin fork in November will result in greater volatility and risk for this new asset class”.

Meanwhile, there are rumors in the cryptocurrency community that Goldman Sachs might be planning to trade with cryptocurrency, and if true, the decision of this corporation is going to affect the reputation of cryptocurrency in a good way like none other event before. And market prices are based on reputation…