Fear of the Bitcoin FUD is unnecessary, assures Sino Global Capital

While cryptocurrency traders everywhere seemed to voice out their concern regarding the situation, head of research at blockchain investment firm Sino Global Capital Dermot McGrath shared that as a company, they choose to go for a long term view. As part of the Plustoken Ponzi scheme court proceedings, the Chinese government had seized $4.2 billion in cryptocurrencies, which took place shortly after a Thanksgiving Bitcoin dip to $16,200. The rumor was that those tokens were set to be discarded at the open market, crashing prices further. In spite of that,…

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