Cardano (ADA)’s Charles Hoskinson Believes Bitcoin Will See $100,000, Calls Crypto “Unstoppable”
- Charles Hoskinson was the co-founder of Ethereum, and he created the Cardano crypto asset.
- Presently, Bitcoin is worth $7,308.90, gaining over 1% in the last 24 hours, though it fell below $7,000 yesterday.
Bitcoin has gone through quite a bit of turmoil in the last few years, but there are many advocates that believe that it will come back. Though many analysts have made bold predictions, Ethereum co-founder and creator of Cardano Charles Hoskinson has his own, believing that Bitcoin will be able to surpass the $10,000 price level again. In fact, he also believes that Bitcoin will ultimately reach $100,000 as well.
Hoskinson posted to Twitter on November 22nd about this matter, stating that the original cryptocurrency is more than just speculation. He added that the media attention on price drops has led to “FUD” (fear, uncertainty, and doubt) in the market, which is what he blames for the manipulation in the market.
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
Since Hoskinson states that Bitcoin is more than the price movements it records, he says that Bitcoin will be seeing more gains as it ages. He remarked that cryptocurrency, overall, “is unstoppable” and it “is the future,” adding that Bitcoin will again reach $10,000 and will “welcome 100k.” Just last month, Hoskinson warned that, if Bitcoin was ever to fail, then it would take the rest of the cryptocurrency industry with it.
Cointelegraph recently reported that Bitcoin, along with the majority of altcoins, saw a massive price drop yesterday. Bitcoin price even dropped below $7,000, though it is presently sitting at $7,308.90. In the last 24 hours, it has gained 1.61%. Not long after the drop, Bakkt showed an all-time high for their Bitcoin futures daily volume, indicating that the renewed volatility has spurred more interest from investors.
Analysts with CoinTelegraph stated that the dominance for Bitcoin is actually up this week, recording 69%, which means that the decline hasn’t knocked Bitcoin down from outperforming other cryptocurrencies in the market.