- The Cardano news you might have missed this week
- Cardano founder believes Bitcoin will one day hit $100k
- Bitcoin is a global movement that will one day be unstoppable
Earlier this week, Charles Hoskinson the founder of Cardano and the ADA cryptocurrency spoke out about the future of Bitcoin as a global movement that will one day prove to be unstoppable. As a crypto fanatic and one of the big players within the industry, it’s hardly a surprise that Hoskinson is feeling bullish about Bitcoin, therefore we should note that whilst Hoskinson is considered an expert in his field, just because he says the price of Bitcoin will spike, it doesn’t mean it will.
Cryptocurrency investment is a very risky business and therefore you should only invest money you can afford to lose. There are no guarantees that Bitcoin will one day hit $100,000.00, therefore if you do wish to invest based on this, please do a little bit more research first.
So, what did Hoskinson have to say? According to recent reports and a tweet, Hoskinson said:
“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.”
We should also remember that not so long ago, Hoskinson also referred to Bitcoin as the glue to the cryptocurrency industry, stating that is Bitcoin failed, the rest of the markets would fall down with it too. Indeed, this would probably be the case given Bitcoin’s huge grip of the market and it’s highest market capitalisation. At the time Hoskinson said:
“One of the biggest problems with Bitcoin is that it’s blind, deaf and dumb and that was by design. Bitcoin frankly is the brand of cryptocurrencies. We can’t say, oh, I’m going to succeed but Bitcoin will fail. if Bitcoin fails, the whole industry’s probably in for a really bad time.”
So, when will Bitcoin hit $100,000.00? Well that’s just the thing, we can’t ever be sure when Bitcoin will reach such heights or even if it will reach such heights. One solace however is that we know it could reach these heights one day if the markets continue to grow with blockchain technology on the whole. As crypto becomes bigger, better and more popular, Bitcoin could well edge ever closer to that magical, yet slightly distant $100,000.00 mark.