The cryptocurrency market has taken a decidedly bearish turn over the month of May, but one venture capitalist believes that only makes for a better buying opportunity — for Bitcoin, that is.
‘The Story Is Very Much Materializing’
Over the past few weeks, sellers have remained firmly in control of the cryptocurrency market — but venture capitalist Spencer Bogart claims current market conditions only make for a better buying opportunity.
On Friday, the Blockchain Capital partner told CNBC’s Fast Money that Bitcoin’s increased number of use cases, coupled with the massive amount of institutional interest, means the market leader is still worth investing in. He explained: