While Bitcoin is slowly gaining its momentum after its massive fall which took place in December 2017, Brian Kelly, the CEO and Founder of BKCM, LLC compares the cryptocurrency to ‘Internet in the 1980s’. By which he was trying to say that Bitcoin [BTC] is still in its early stages.
“This technology is going work and it’s going to be game changing. But it’s very early days, so we can have a massive volatility”
He believes that cryptocurrency is a real thing and there will be a change in the sentiment around it after the tax day. It is similar to Cisco or Microsoft from a technological perspective, wherein he compared Bitcoin to Cisco’s router and internet protocols. He mentioned that it is incorrect to think of it as a company or stock, instead, it is an open source software. He does not support the articles which call Bitcoin as a virus and it will never hit a high again. He mentioned that such statements motivate him to buy assets.
He also added that he agrees with Tom Lee’s analysis of Bitcoin’s selling pressure which will decrease after April 17th as claimed.
In another interview with CNBC, he mentioned that he supports Tim Draper’s prediction about Bitcoin’s value which is to increase to $250,000 by 2022.
Mark Harding, an IT expert says:
“This is the year that killer blockchain apps are hitting the market they will replace centralized versions of the business with a user stakeholder owned democratized ver, not a company. No more middle man gatekeeper, Google on ramp, Google adds, Facebook data leaks, Facebook ads”
Nick Reuther, a cryptocurrency enthusiast says:
“Second Boom prepping now. If your not in Crypto now you will miss the rocket and won’t be able to get in at this price ever again.”
Another Twitterati says:
“More correctly not Bitcoin but Blockchain technology. Saying that this new, disruptive technology is distributed to Bitcoin is like saying the Internet was Netscape. Where’s Netscape these days?”
Bitcoin [BTC] is currently trading at $8104.39 at 10.40AM UTC with a market cap of $13.76 billion. The overall volume has dropped by 0.06% in the past one hour as per Price.AMBCrypto.
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