As the price of bitcoin surpassed the $8,000 region, analysts and experts in the cryptocurrency sector have become more positive regarding the mid-term trend of major digital assets. Spencer Bogart: The Bitcoin Low Might Already Be In It was recently revealed that Mastercard had secured a patent for linking fiat bank accounts and cryptocurrencies. As reported by NewsBTC, market analysts at CNBC, along with Tom Lee of Fundstrat, both saw this as a bullish sign, with Lee stating: “I think something like the Mastercard news is positive because it’s really validating the idea that digital money or blockchain-based money is a valid form of transactions.” However, Spencer Bogart, a partner at venture capitalist firm Blockchain Capital, recently made an appearance on CNBC Fast Money countering the positive sentiment around the Mastercard news, proposing that there are alternative reasons why Bitcoin is set to continue upwards. Speaking on the Mastercard
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