[ad_1]
Mark Jeffrey, author of the 2013 book 'Bitcoin Explained Simply', remains optimistic about the future of bitcoin, despite the current climate. Drawing badogies from a social bidding cycle, he predicted future growth of up to $ 250,000.
Wars of coins
We may be having a crypto-winter experience, gathering our friends to warm up, but Mark Jeffery thinks it should not be surprising. The pioneer of Bitcoins talked about the podcast "The next billion seconds":
I think that sounds a lot like the boom and bust cycle of the Internet bubble that we experienced in the late 1990s and early 2000s.
Admittedly, the end-2017 period was badogous to the early days of the dot-com boom. Investors in a hurry, desperate not to miss this opportunity, redeveloped their homes, just to throw money at all that was asked of them.
And, of course, when investors realized they were buying nothing more than a vague promise, they panicked.
The market is hitting again
But Jeffrey suggests that the process has been greatly compressed with cryptocurrency:
So, in the cycle of expanding and slowing Internet commerce, it was about four and a half or even five years old. In the world of crypto, it was about a year and a half. So it was much faster.
A little more than a year after our crypto-winter, it would be comforting to see it disappear within the next six months. While Jeffrey does not know when this will happen, he is confident that the current "dead" period will end.
But this is not the end of the story. This is the central part. This is the second act. The third act is the return of the Jedi and we are not there yet.
Back bitcoin
We are at the end of 'Empire'; Bitcoin lost the hand and Ethereum was captured and frozen in carbon. And of course, thousands of grunts were slaughtered during the process.
But Amazon and Google are born as a phoenix from the ashes of the e-commerce boom to become the giants they are today. And Facebook did not even exist at the time, having apparently already learned the lessons of the boom and the economic downturn.
Tokens with real value will pbad, and who knows what can still seem to become the Facebook of the crypto. Jeffrey insists that "this happens" and confirms his early prediction of a $ 250,000 bitcoin.
We will know that the wind has changed when the Ewoks appear.
Do you agree with Jeffrey? Share your thoughts below!
Images courtesy of Shutterstock
Source link
