CryptoYoda Exits Community with Wise Words and Overall Optimism, Calls $50,000 BTC Price Inevitable
A popular character and investor in the cryptocurrency sector, as announced that he would be leaving the industry, at least for a while. The personality, CryptoYoda, recently took to Twitter to make this announcement while promising that he still remains
CryptoYoda who is famous as a trader announced to his many followers that his perspective remains the same and hasn’t changed. This has made people wonder about his reason for the exit.
The tweet read:
“will be leaving this space for a while, remaining fully invested. perspective hasn't changed – still in the first selloff on a major timescale, still the beginning, $50k+ inevitable. global fomo will reignite. if it drops again, buy more. may the patience be with you. Farewell.”
CryptoYoda has also said that the current slump in the price of Bitcoin (BTC) will still lead to big things as crypto, in general, will still rise. Furthermore, he believes that Bitcoin will still reach a price of $50,000 because currently, it is almost impossible for it to nosedive completely.
Reactions To CryptoYoda’s (Temporary) Exit
There currently is a lot of speculation as to CryptoYoda’s reason for leaving the industry with most people saying it is because of the bear market and then concluding that if someone as dogged and vested as he is can leave, then there might be no hope. Another very popular crypto devotee called Ramen thinks that CryptoYoda’s decision to leave might indicate a fast approaching and steep downturn. Regardless, quite a few Bitcoin proponents who are very popular in the Twitter crypto space including Luke “Venture Coinist” Martin, Dan Okponyi and Panama Crypto, have all communicated love and support for one of their own.
Not Enough Evidence To Prove That Crypto Is Dead
Just like there are some reactions that predict that crypto will soon hit a dead end, there are others who believe that not enough has happened for anyone anywhere to declare that cryptocurrency will die out. One of such people is the founder of Ikigai, a crypto fund. Travis Kling, who is a former Wall Street member and also a former portfolio manager at Steve Cohen’s Point72, thinks that crypto will most definitely rise higher than all the noise and negative energy that the sector is currently full off.
Kling took to Twitter to say:
“We need more.
More exchanges gone. More projects shuttering. More SEC enforcements. More developer ragequits. More ICO Treasury selling. More layoffs. More fund liquidations. More scammers exposed. More failed cap raises. More ‘crypto is dead’.
Only then do we move higher :)”
Whether or not CryptoYoda’s exit means that things will get worse or if Travis Kling’s optimism is the right way to go, is yet to be known. For now, we wait.