Bitcoin prices on major exchanges widen; Tuur Demeester suspects Bitcoin crisis is coming

Golden Finance News - Recently, some people predicted that the price of Bitcoin will reach $2,000. If you look closely, you will find that such remarks about Bitcoin are everywhere in most exchanges.

In early April, the prices of various Bitcoin exchanges were relatively similar. Image source: Golden Finance

The rapid rise in Bitcoin prices and people's high expectations for Bitcoin are still unclear.

According to data from the online platform, the price of Bitcoin has reached as high as $1,535 at press time, while other Bitcoin exchanges have also seen increases in prices - Bitfinex at $1,617, Coinbase's GDAX at $1,573, Japanese exchange Coincheck at $1,568, and Kraken at $1,558.

Although Bitfinex is still in the midst of a banking crisis, this has also stimulated the growth of Bitcoin prices on Bitfinex to some extent. The existence of various price differences means that Bitcoin users will make uneconomical purchases and sales, and even arbitrage between various exchanges.

If we observe the performance of Bitcoin prices on various exchanges, we can further understand the reasons behind the excessive increase in Bitcoin prices.

The rapid rise in Bitcoin prices and the further appreciation of Bitcoin have brought various impacts. Image source: Golden Finance

In early April, the prices of various Bitcoin exchanges were relatively similar, and several trend lines were almost sticking together; but as the price of Bitcoin rose, even reaching $1,300, the gap between various Bitcoin exchanges gradually widened, and the trend lines began to disperse outward.

The decentralized trend of Bitfinex is obvious to anyone with a discerning eye. On the other hand, the Bitcoin prices of BTC-e and CEX.io are much lower than those of mainstream exchanges.

Meanwhile, the rapid rise in bitcoin prices has had various effects (good and bad) on bitcoin’s further appreciation, but the overall price action hasn’t been enough to attract attention.

Entrepreneur Tuur Demeester expressed his views on the trend of Bitcoin price movements, pointing out on Thursday that despite the price exceeding $1,500, Bitcoin still has a long "corridor" to go.

Despite the uncertainty surrounding the future, Demeester is “pretty sure” another bitcoin price crisis is coming.

"Although this is different from the bubble crisis in 2013 in many ways," he said, without giving specific details.