The commercial director of the global payment crypto processor BitPay said the altcoins "will never come back", while Bitcoin (BTC) "will recover" in 2019, in an interview with Bloomberg on September 12.
BitPay Commercial Director Sonny Singh said that the cryptocurrency markets are now on the threshold of a new stage of progress, which requires a certain "defining moment" or a "catalyst". According to Singh, that "decisive moment" will come when the big institutional investors, like Goldman Sachs and BlackRock, "come true" in 2019.
Speaking specifically about BitPay, the CCO of the company said that "they have never been more bullish" with Bitcoin, saying that the industry is advancing "at full speed", with a growing number of associations and new hires.
In this regard, BitPay was recently integrated by the luxury car retailer Post Oak Motor Cars to allow the US dealership to accept BTC and Bitcoin Cash (BCH) as payment by Rolls-Royce, Bentley and Bugatti.
With respect to the new "big entrants" in the industry, anonymous sources have revealed today that the American banking giant Morgan Stanley is planning to offer its clients commercial exchanges with Bitcoin, which would allow them to operate with crypto derivatives without having any of cryptocurrencies.
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