Expert: Bitcoin will never depreciate
Source:
The Fall this year was a real «holiday» for all the opponents of cryptocurrencies. Experts, economists and public figures simply have not once managed to predict the full industry. Analyst at Dragonfly Capital Partners Alex Pack a different opinion. Well-known investor thinks Bitcoin will outlive any adversity and become a very profitable asset in the long term.
theBitcoin is paramount
This pack does not exclude the probability of cryptocurrencies even up to $ 1,000. In his opinion, such strong plum does not say that Bitcoin is supposed to fully depreciate in the near future. The crypt became a real idea for many people, this idea can not disappear without a trace.
Moreover, the creation of BTC is «a key event in the history of money» as the Bitcoin became «a reliable means of capital accumulation». In other words, digital currency deserves the title «new gold» because of the limited emission and resistance to outside influence. We will remind, earlier CEO Messari Ryan Selkis said that Bitcoin is «a great tool to hedge against inflationary recession».
In a recent interview, Alex Pak noted progress in the development of positive fundamental factors cryptocurrency. This can be attributed to the imminent launch of Bitcoin futures, and the possible commencement of trading in derivatives .
Source: Reddit
That is the Question. How long will bear market? «Cries for help», it seems, has mellowed after a few serious thefts of Bitcoin. People have more patience. I think we will be able to weather the storm.
It is Noteworthy that the market correction has forced even some of cryptomelane in the future of Bitcoin. What do you think about this? Share your thoughts in our .
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