In line with a recent official ‘tweet‘ published by a renowned U.K. based entrepreneur and capitalist ‘Alistair Milne’, the further upcoming crypto bull run would decide which public blockchains become the defining names within the Industry.
Milne, is well acknowledged on Twitter especially as a source of bullish statements regarding Bitcoin [BTC], stating that any new price hikes for the leading cryptocurrency ought to surpass the price in 2017.
“The expectancy that Bitcoin again matches its ATH [all-time high] value once again, doesn’t appear to be very low. Every wave of adoption is of higher order of magnitude than the last,” he added in a thread recently.
Bitcoin continues to trade below around 80%, than its peak in Dec. 2017, after its price reached $20,000 USD on some exchanges.
The ongoing continuous worsening in the price of Bitcoin [BTC] has even led to multiple accusations from high-profile economic figures — like economic expert ‘Nouriel Roubini’ — that Bitcoin is trending to zero, an argument proponents, along with Milne, contest.
“It takes time for sentiment to alter. 30-50 Mln [sic] individuals owning crypto isn’t the industry’s peak,” adding further Milne ‘said‘:
“The next battle of bull run would decide which public blockchains persist for the next 100 years. And i think Bitcoin is presently the “only” sure thing.”
Milne additionally highlighted institutional capitalist interest and Bitcoin’s bull run profile as “gold 2.0” in aiding subsequent round of adoption.
BTC/USD pair has lost around 5% over the past twenty four hours, presently trading over $3,500 USD at the reporting time.
Even in Dec., the chief executive officer of Japanese fintech firm and crypto exchange operator ‘Quoine’ forecasted that Bitcoin bull run would strike all new highs this year. Before that, fellow capitalist Michael Novogratz likewise ‘claimed‘ the leading cryptocurrency may pass its $20,000 USD ceiling by 2020.