The Future of Bitcoin Is Still Bright

The Future of Bitcoin Is Still Bright

Right now, things are not looking all that great for most cryptocurrencies. More specifically, all currencies have lost anywhere from 40% to 65% of their peak values established in late 2017 and very early 2018. That in itself is some of a reason for speculations, newcomers, and perma bears to dump their coins on the market. Whether or not that is actually what is happening remains to be determined."The Future of Bitcoin Is Still Bright"

Even so, one has to wonder whether or not selling cryptocurrency holdings this time is the correct decision to hold. If previous years’ Bitcoin price swings are any indication, a rebound will occur may be in late 2018. When that happens, it is very likely that those who sell their holdings now will miss out Bull run on a fair amount of money.

Those are the findings of eToro CEO Yoni Assia. It is certainly true that not all cryptocurrencies are created equal, and a fair few of  CryptoCurrency will disappear into obscurity sooner or later. There will be some other Cryptocoins which succeed, including the likes of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple etc, and so forth. It is the number of tokens and coins which are merely designed as “startup funding” which will peter out eventually.

all of the money poured into cryptocurrency and blockchain startups over the past two years, it is only natural to expect the vast majority of them to ultimately fail or only partially deliver on their initial Coin promises. This development is already taking place right now with ICO'S, and it decreases the rest of the cryptocurrency markets down.

Indeed, Assia considers the ICO industry to be the real bubble, rather than the cryptocurrency World itself. A lot of ICO'S attract money due to a whitepaper – something that can be purchased on Online for a few dollars – and with no working structure in place. Not all of these concepts are remotely viable, and the ICO bubble will eventually burst. It will, however, serve as a stepping stone to allow the true cryptocurrencies to succeed in the future.

All of this seems to indicate that the future of cryptocurrency still looks bright. While comparing the current sell-off to selling Apple stocks in 2001 may be a bit far-fetched, it’s still a pretty interesting comparison. That company eventually succeeded in gaining a staggering amount of value, and Assia is convinced cryptocurrencies can do the same.

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