Crypto Investor Eric Dalius Says Bitcoin’s Next Bull Run Is A WHEN Not IF Matter
Investor Eric Dalius Says That Virtual Currencies Are Expected To Grow As The Years Go By
The retired real estate and marketing professional, Eric Dalius, said that although the prices of virtual currencies have fallen the next Bitcoin bull run could be very close. He said that in an article released by TechBullion a short time ago.
In the article, the author makes a brief description of the bear and bull markets that Bitcoin experienced in its history. Starting in 2011 spiking up to $32 per coin and falling 94% reaching $2.5 in 2012. In 2017 the situation changed for Bitcoin that grew up to $20,000 in December.
However, since the beginning of the year, those that did not diversify their assets lost an important part of their worth. And due to the fact that Bitcoin lost more than 80% of its value since its all-time high, the sustainability of the popular virtual currency and other competitors started to be questioned.
The long-term price for Bitcoin is still something unknown, but several experts believe that the popular virtual currency has a lot of space to grow and reach new highs. Some of the bullish analysts are John McAfee, Tim Draper or Michael Novogratz.
However, there are other figures such as the Harvard professor Ken Rogoff that mentioned that Bitcoin could reach $100 or $100k in the future, something that will be determined by many different factors.
At the same time, analysts think that the market has reached a bottom and that Bitcoin could start growing in 2019 if an ETF is approved by the SEC and institutions enter the market.
Nevertheless, the professional and experienced investor Dalius mentioned that it is a good time to purchase Bitcoin since we might be close to a bottom. He mentioned that as he was an early investor in Bitcoin he was able to buy real estate in California and many other states. At the same time, he was able to buy his first Lamborghini using Bitcoin’s profits.
TechBullion wrote that Eric Dalius encourages new investors to consider putting money in Bitcoin. He believes that cryptocurrencies are projected to grow in the future and that they will become part of the securities landscape.
At the time of writing this article, Bitcoin has a market capitalization of $60.57 billion and each coin can be purchased for $3,477, according to CoinMarketCap.