Cryptocurrency market has lots of supporters in the form of famous industry experts who believe it is going to be the next big thing after the internet. Despite, fluctuating market, they are all about crypto.
Tim Draper & Neu-Ner on crypto
The Billionaire Investor, Tim Draper has been all about crypto as in April he predicted bitcoin price to hit $250k in 2022. Recently, Tim Draper expressed his opinion on crypto overtaking the fiats:
“Cryptocurrencies are the next big technological tectonic shift and governments have to weigh their need to protect investors with their need to be included in this potential economic powerhouse that is crypto. I believe cryptocurrencies will overtake fiat currencies in the next five to seven years.”
Talking about the growth of bitcoin and crypto market, he added,
“I estimate that fiat currencies will actually decrease in use, and that crypto will become as much as $100 trillion of that market. I expect Bitcoin to be about 10% of that market, or $10 trillion. There is a lot of room to grow there.”
Another crypto enthusiast is the cryptocurrency trader Ran Neu-Ner who believes that bitcoin may hit new lows, but in the long-term the market is still at under development stage. The CEO of blockchain investment company Onchain Capitalist bullish on the future of the crypto market. Talking about the recent market fluctuations, Neu-Ner said that while these kinds of fluctuations might drive away day traders, long-term investors and believers in blockchain should always look to the broader future of the market.
Read more at: Coinpage