Predictions ain’t new for anyone who has travelled along in the crypto journey. Just put up some predictions about some coins, and voila! You are the talk of the town.
People only consider the predictor during the time of the predictions and entirely forget the person when that particular situation proceeds.
UK cryptocurrency investment products and research provider CoinShares believes Bitcoin will hit previous highs after people “build” on the ecosystem. CoinShares CEO told in a recent interview that several changes which would need to occur for Bitcoin to see the $20,000 price tag once again.
Here is what the CEO had to say
We need to see the custody solutions come and be provided. Indices are needed and we need performance measures where we can actually start to understand what we’re talking about and measure our performance. We need to do more mature work around the ICOs… and just give investors more clarity, better expectations, more transparency.
Masters was speaking as the Consensus 2018 conference brought to a close in New York. The event received judgment this year after Bitcoin industry figures said it concentrated too much on blockchain-based tokens and “buzzwords” instead of examining progress.
In summary comments online, Bitcoin core developer Johnathan Corgan even described the atmosphere as “like all the popular kids (Blockchain) are publicly bashing the geeks and nerds (Bitcoin) while privately trying to copy their homework.”
For Masters, however, a longer-term first-mover advantage is a decisive aspect of Bitcoin.
“Bitcoin is almost… a reserve currency in crypto; the thing that everybody goes back to because it’s got the infrastructure, because it’s got the most network connections, the most exchanges connections – that’s sort of a bedrock,” he added.
Whether his words are true or not, its all upto the investors. It definitely needs a miracle to make Bitcoin reach to 20k again.