Bitcoin (BTC) and digital assets have been in a bear market throughout 2018. Most of the virtual currencies in the market lost over 80% of their value and some companies had to stop offering services due to the bear trend. Delphi Digital’s co-founder, Tom Shaughnessy, wrote a tweet in which people discussed which is going to be the future of the cryptocurrency market, including Bitcoin.
Bitcoin Could Reach New Highs In The Next Ten Years
In a recent Twitter post, Mr. Shaughnessy asked people what will crypto be like in ten years. There are several answers in which individuals show whether they are bullish or not regarding the cryptocurrency market. However, one of the most bullish answers came from a user that said that people will be crying that they didn’t buy in 2018 and 2019.
The cryptocurrency exchange BitFlyer has recently surveyed 10,000 individuals in Europe which is their sentiment about the future of the cryptocurrency market. The survey revealed that less than a tenth of them think that Bitcoin will be used as a currency in the next ten years.
Clearly, Bitcoin is just on its early days and there are going to be several individuals and experts that believe that the digital currency will never be able to succeed. According to Iqbal Gandham from eToro UK, the next decade is going to see Bitcoin accepted as the norm for transfers and payments.
“As with any startup idea, early days are always risky, but I feel these are now few and far between,”
According to Thomas Lee, the co-founder of Fundstrat Global, Bitcoin will be reaching a new all-time high in the next 20 months. Bitcoin’s highest price was $20,000 in December 2017. After it, the digital asset entered a bear market that lasted for over a year.
At the time of writing, the most popular digital asset can be purchased for $5,250 and it has a market capitalization of $92.87 billion.