Charles Hoskinson, the Ethereum Co-founder turned Cardano (ADA) Creator, said that he expects Bitcoin (BTC) to be back over $10,000 and reach $100,000 in the future.
On November 22, it has been published in a tweet that Hoskinson urged the cryptocurrency community that Bitcoin is more than speculation, putting the blame on the latest drop in price on news media “FUD” or fear, uncertainty and doubt, and market manipulation.
As there’s more to Bitcoin than just price movements, he expects the world’s biggest cryptocurrency to see more gains in the future.
As it has been reported, Bitcoin and altcoins have seen a notable price decrease. More precisely, Bitcoin briefly dipped below $7,000 before settling slightly higher.
It has also been analyzed that Bitcoin dominance is up for the week at 69%, meaning that BTC has once again outperformed other cryptocurrencies during the despite its decline this week.
Shortly after the price drop, Bitcoin futures daily volumes on digital asset platform Bakkt have hit a new all-time high, showing an increased interest in capitalizing on the renewed volatility.
Thus, in October 2019, Hoskinson also expressed the idea that if Bitcoin fails, the entire cryptocurrency industry could fail.
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