The blockchain/crypto week in quotes

“On a go-forward basis, Bitcoin probably consolidates somewhere between $7,000 and $10,000. If I’m wrong on that, I think I’m wrong to the upside, that there’s enough excitement and momentum that it could carry through.” Michael Novogratz, Founder and CEO, Galaxy Digital

“Bitcoin investment is certainly speculative and risky.” Bart Smith, Head of Digital Assets, Susquehanna

“We are talking about currency here, and there isn’t much stuff in this world that money doesn’t intersect in one way or another. Even the very nature of governance is changing with the advent of cryptocurrencies.

Real estate, retirement, insurance, health care, company funding, employment, banking, diplomacy, war, you name it – it’s all being re-evaluated. Nothing will remain the same. We’re truly experiencing something that has never existed in the world before, something that effects every human on the planet.” Brenna Sparks

“Government agencies within the United States are exploring blockchain technology in multiple ways. More can be done, however, to coordinate support for this technology in the US. Laws dating back decades are proving difficult to apply to emerging technologies, and a lack of regulatory clarity may be dampening investment.” A group of US congressmen’s letter to Lawrence Kudlow, Director of the National Economic Council

“Bitcoin has not reached a peak yet. You’re starting to see that cryptocurrencies have real use cases around the world, and it’s making people really excited now because they can see the light at the end of the tunnel for these use cases.” BitPay Chief Commercial Officer Sonny Singh

“$20,000 is a conservative prediction for Bitcoin price in 2019. The rally won’t stop here, because more institutional investors are coming into the market and the 2020 halving effect will start to take place. We are thrilled to witness such bullish trends and I look forward to the new high that Bitcoin deserves. Bitcoin is not just a coin, but a spirit that bolsters the crypto industry.” Andy Cheung, Head of Operations of OKEx