The blockchain/crypto week in quotes

“Crypto history teaches us that periods of low volatility come directly before extended crypto bull runs. For instance, Bitcoin went through a relatively stable period in February this year, then the price ran towards $4,200 in March and to $9,090 before the end of May. Should Bitcoin experience a new run, we can expect it to deliver a boost to the wider crypto market, with other leading cryptocurrencies such as Ethereum, XRP and Litecoin, rallying too.” Nigel Green, Founder and Chief Executive, deVere Group

“Millennials don’t carry cash, they date on apps and watch on-demand entertainment. We have to be there, we have to learn from successful tech companies, and we have to provide a universal solution that makes it easy for younger generations to engage with the Church.” Former US Senator Rick Santorum

“Maturity in the blockchain space will take time, but we’ll only get there when enterprise partners like Target and Cargill dive in together.” Joel Crabb, Target’s Vice President of Architecture

“Bitcoin is trading in a wide range from $7,500 to $9,000 following last week’s double-digit price drop. Since hitting a top in May, its price moved downwards, testing $7,500 as a support – this level is still holding strong at the moment, but the Bitcoin bulls will need to make their presence felt over the coming days to defend this threshold.

Given the extraordinary run we’ve seen recently, I wouldn’t be surprised if we see prices fall through this level, to around $6,500 – $7,000, as over-extended prices tend to find a way back to their averages. It would seem that a lot of investors are waiting for a significant dip to buy in again, and $6,500 – $7,000 may be just the trigger they need.” Simon Peters, Analyst at eToro