Charles Hoskinson, the co-founder of Ethereum and creator of Cardano says that he is very bullish on bitcoin and crypto still.
Specifically, he thinks that bitcoin will bounce back over $10k shortly, and eventually be over $100k as well.
He blames the recent drop on market manipulation as well as a lot of FUD (fear uncertainty and doubt) in the media.
As such, the sentiment surrounding bitcoin and crypto is at pretty fearful levels:
(Source: https://alternative.me/crypto/fear-and-greed-index/#share-fng))
*That is a pretty neat link btw, you can embed the "fear and greed index" and it automatically updates on your page
Hoskinson said that he is so bullish because bitcoin is more than just a speculative play thing.
It's more than just a gambling tool.
It's a global movement.
Specifically saying:
> “Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.”
(Source: https://cointelegraph.com/news/crypto-is-unstoppable-bitcoin-will-hit-100k-says-cardano-founder))
Interestingly enough, Hoskinson said in an interview a while back that if bitcoin were to somehow fail, he thinks the entire industry would likely fail as well.
I agree with him.
I think this recent dip will be short lived and prices will be back above $10k within the next few months.
I fully expect bitcoin to be north of $10k by the halving in May of next year and likely well on its way to new highs within a few months there after.
All the past patterns and trends are pointing towards an imminent bull run.
In fact, even this latest drop is still in the realm of what to expect during its 4 year price cycles.
If those continue to play out like they have thus far, this may be the lowest price we see bitcoin for a long time, possibly ever.
Stay informed my friends.
-Doc
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