Charles Hoskinson, the creator of Cardano (ADA) and co-founder of Ethereum (ETH), recently shared his views on the future of Bitcoin. According to him, BTC is likely to be back over $10,000. While this would be good news for a lot of investors, Hoskinson believes it will only be a minor stepping stone for BTC.
Hoskinson expects BTC to hit at least $100,000 in the future, although he did not specify when he expects the price to reach these heights.
Hoskinson claims that crypto is the future
Hoskinson’s recent BTC price prediction is less of a real price forecast and more of a reminder to the community that the dropping prices are nothing to be afraid of. With BTC price being on a sharp drop in the last several days, the crypto community is once again debating what the best course of action might be.
Hoskinson stated that there is still a lot of manipulation and FUD (Fear, Uncertainty, and Doubt). Even so, he expects BTC to grow again after a while. He believes that Bitcoin is more than its price, and urges the community to stay calm with motivational messages.
Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future pic.twitter.com/9vlgH4S7u2— Charles Hoskinson (@IOHK_Charles) November 22, 2019
As mentioned, BTC price saw a considerable decline in the last few days, dropping by $1,000 in days before the weekend. At the time of writing, BTC price is barely over $7,200, although it is currently trading in the green, after days of price declines.
Even so, the coin remains strong and dominant. Its price seems to be already growing back up, and a number of other coins among the top ten largest cryptos are following its lead. Only hours ago, the prices were dropping by 4%-8% depending on the coin. Now, several altcoins are trading in the green, as well.
The increase might be a result of a recent Bakkt report that claims that the Bitcoin futures trading volume recently surged by 66%, thus achieving a new daily record of over $20 million.