By CCN: BitPay’s chief commercial officer Sonny Singh has predicted that the price of Bitcoin is yet to hit a peak. Speaking on Bloomberg TV, Singh argued that institutional adoption of cryptocurrencies was still at a low level and there was, therefore, more upside potential. Citing the case of Facebook’s yet-to-be-launched cryptocurrency as well as Square’s and Fidelity expected crypto-related products, Singh stated that the rally was just getting started and so far it was ‘just the tip of the iceberg’. According to Singh, the current rally in bitcoin was being driven by fundamentals. This was in contrast to the The post Facebook, AT&T, Even JPMorgan are Helping Meteoric Bitcoin Price Rally: BitPay Exec appeared first on CCN
