Highly Respected Crypto Analyst: Bitcoin Will Eventually Surpass its All-Time High in Next Bull Run
Although the cryptocurrency market has been in a bear trend during the last months, Alistair Milne, the Chief Investment Officer at Digital Currency Fund, mentioned that he is bullish on Bitcoin (BTC).
He started a thread on Twitter in which he gives different reasons about why he is bullish about Bitcoin’s future. He started by saying that Bitcoin investors speculated that they could multiply several times their capital or just lose 80% of it. Now, after a decrease of more than 80% since its all-time high, Bitcoin is giving a great opportunity for users to multiply, at least, five times their capital.
At the same time, Alistair Milne explains that there are low possibilities of Bitcoin reaching its all-time high once again and falling after it instead of continuing its positive trend. As he wrote, each wave of adoption is an order of magnitude bigger than the last. This is why several holders will not be selling at $19,000.
As Alistair Milne says, Bitcoin has already reached mainstream awareness and the FOMO (Fear of Missing Out) will be larger than ever.
Bitcoin has reached mainstream awareness (almost everyone has heard of it) and so when it proves it is 'not dead' yet again, the FOMO will be larger than ever… (imagine 100mil people buying)
Not to mention the massive progress in helping institutional money participate
— Alistair Milne (@alistairmilne) January 19, 2019
He went on saying that several investors are aware that Bitcoin is currently trading Gold with 100x leverage. In the near future, Bitcoin’s inflation will be lower than the one of Gold. He finally said that some changes take time to happen. He believes that the next bull run will decide which public blockchains persist for the next 100 years.
There are several individuals and experts in the cryptocurrency market that believe that Bitcoin has a very positive future ahead. The Winklevoss Twins, the co-founders of the popular Gemini Exchange, believe that Bitcoin is better than gold. Additionally, Tayler Winklevoss mentioned that Bitcoin could eventually surpass gold’s market capitalization.
At the time of writing this article, Bitcoin is being traded around $3,581 and it has a market cap of $62 billion.