Cardano (ADA) Creator and co-founder of Ethereum, Charles Hoskinson has said cryptocurrency is the future of finance. Charles, in a message to the crypto industry, states that the present situation is nothing to what Bitcoin (BTC) has for the world.
The creator of Cardano believes Bitcoin will still go back to $10,000, and even touch $100,000 someday.
The Ethereum co-founder and IOHK CEO maintains that the moment FUD, news trading and manipulation vanish, Bitcoin price will go rally up beyond expectation.
“Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world,” Charles Hoskinson say.
“We will see 10k btc again and welcome 100k.”
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 pic.twitter.com/9vlgH4S7u2
— Charles Hoskinson (@IOHK_Charles) November 22, 2019
The crypto expert asserts that nothing can stop cryptocurrency since it is the future, allaying the fear of those who may want to chicken out.
While the present Bitcoin market situation appears baffling to those who are not familiar with the terrain, experts are showing signs of courage that the digital currency, Bitcoin, will regain strength and move higher, again.
Bitcoin Nearing Neckline of A Head And Shoulders Level, Will Return To $1K
Prominent libertarian investor Peter Schiff said the present trend maintained by Bitcoin could drive the leading cryptocurrency to $1,000. Schiff said BTC is already heading towards the levels he pointed in October, and if it falls below the said level, the cryptocurrency would complete its pattern by clinching $1K.
The renowned cryptocurrency critic described the dire Bitcoin situation as one capable of rekting its investors.
Schiff said Bitcoin is close to the head-and-shoulders level he earlier pointed in October before the cryptocurrency saw a tremendous 40% surge.
Peter Schiff said: “The right shoulder is now shrugged and the neckline slanted and parallel to the shoulders,” adding that a downward move beyond the head and shoulder level will result in the completion of a pattern that will lead Bitcoin to $1,000.
Bitcoin today displayed a pattern that almost confirmed Schiff’s assertion, crashing to its 6 months low in a sudden downtrend.
In the early hours of the day, BTC dipped below $7k, after an announcement that China has begun inspecting crypto companies in the country, nabbing 39 illegal crypto firms in the process.