“I think we’ve probably hit the bottom for the year. I actually put some money into Bitcoin last week… as an asset class it is here to stay. I’m 100% confident a decentralised, non-fiat form of money is here to stay.”Stilbert went onto say this at a New York conference:
“This is a new infrastructure layer of the internet. It will replace what operating systems do. It is the future of the internet… this just isn’t about digital gold. I think a lot of people were looking for a bottom… looking for an opportunity to get in, I think the bears just ran out of energy, ran out of Bitcoin to sell."Analysts and investors are eager to see their entry into the market as it is predicted that when they do, the price of Bitcoin will surge once more. Another thing to consider is the consistently rising hash rate which is further indicator that there will be a big boost according to the analysts. The market is optimistic regarding the bull run and surrounding factors that are affecting the likelihood of a major upward movement.