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People are intended to ask questions and get the answers which can affect their descisions and lead to a better welfare. The thing is that not every question has the answer. Especially the finance-related ones, but there’s always a possiblity to ‘scrape’ anwers based on overall insights and sentimens which are visible within the concrete niche. In our matter – cryptocurrency niche. Here’s our answer to a question will cryptocurrency rise again?
By the way, a poll awaits at the bottom. Make sure to leave your VOTE!
Influential people’s opinions
The opinions are often shaped by influential people and this is completely normal. Whoever has followed the most recent influential people’s speeches, you might agree that the cryptocurrencies have a strong backing.
Overstock CEO Patrick Byrne sees mass adoption for cryptocurrency in near future. Bitpay’s CCO continues to see Bitcoin price of $15,000 next year despite drop.
eToro’s senior market analyst, Mati Greenspan, does not believe that the current market plunge to $4000 is a downtrend. He calls it a retracement and suggests to focus on a bigger picture while Reddit co-founder, Alexis Ohanian, had foreseen the occurrence but believes it will benefit the blockchain industry.
An elite macroeconomic and investment strategist, Raoul Pal, thinks that investing in Bitcoin now could be of benefit for retirement savings.
Fundstrat Global Advisors co-founder, Tom Lee, bets on Bitcoin price of $15 000 in 2018 Q4.
John McAfee stated that the patient ones will be hugely rewarded while impatient just make an unnecessary move and indicates an imminent market turn as weak hands are out.
The International Monetary Fund (IMF) head, Christine Lagarde, believes that the time has come for international central banks to look at the idea of digital currency with the state backing.
Ripple’s Co-Founder thinks that digital assets will be a driving force for positive change in the financial industry and Marcus Swanepoel, a cryptocurrency expert, agrees that the world is looking for sweeping changes in economic activities and that the money will not be the same in the future.
Furthermore, many venture capitalists believe that cryptos will soon replace fiat currencies in the global financial systems.
Joseph Young, a very popular analyst and investor think so too.
