Binance CEO Zhao Chengpeng took the time to remind users as to how this volatility isn’t much to be concerned about.
It is difficult to predict what the future holds in terms of Bitcoin. Some experts predict there will be another push to $15,000 prior to the end of 2018. That is certainly a realistic possibility, albeit it is evident the going will be tough for some time to come. Even so, the Bitcoin price has struggled for nine years, and things will not change overnight in this regard.Judging by the historical evidence, Bitcoin will be just fine in the long run. Bearish momentum is nothing new, and there are plenty of things to be positive about. The introduction of institutional money will undoubtedly shake things up over the years. Additionally, there are scaling solutions on the horizon for Bitcoin. That in itself will also bring some positive changes in the years to come.For those seeking short-term profits, things are not looking positive. Not entirely troublesome, as Bitcoin has always been a long-term hold. Industry veterans have been involved in the world’s leading cryptocurrency for many years now. A temporary setback is no reason to be spooked in the slightest. Newcomers will learn that lesson one way or another.
