Expert: the Bitcoin bubble re-inflates to 20 thousand, and then burst to $ 100
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Forever waiting for the bubble CEO Civic, Winnie Langham, gave a speech about the blockchain and cryptocurrency at an event in Johannesburg. He raised the issue of mass adoption, and of course, once again warned about the approaching bubble. Lingham believes that the main obstacles to mass adoption of cryptocurrency is the problem of scalability and lack of potential applications. Although the primary use of cryptocurrencies are considered money transfers and trading, he is confident that applications will eventually become much more.
theBitcoin is still in its infancy
Vinny also drew attention to the fact that cryptocurrency developers and startups are busy mainly for their own ideas, not in an attempt to cash in on the hype.
Not worth doing anything just for the money. In case there has to be passion, inner desire to create.
Last year's bubble with the subsequent lightning-fast drop, he explains the law of supply and demand. The growth of investor interest and limited supply has spurred prices, which led to the crazy boom of the ICO. But today the ICO projects outnumber buyers and prices fall. This indicates a decline in purchasing power.
At the same time, Linghan does not exclude the fact that the greed of investors will inflate another bubble.
theWill there be another bubble? The probability is high, as people simply do not learn from the mistakes. If the price will reach $ 20,000, then the inevitable downturn will return the Bitcoin to around $ 100.
the Race will win reasonable and consistent
Lingham has long been known as a supporter of slow and steady growth of BTC and other cryptocurrencies. When one bitcoin flounder at around $ 1,200 in early 2017, he warned that the coin too quickly will jump up to 3000. Of course, then he underestimated the greed of investors and the bubble still happened, but still some. But at the moment the infrastructure was just nothing to offer in response to the growing interest.
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