Crazy Bitcoin and Altcoin Prediction from Billionaire Investor
Crazy Bitcoin and altcoin prediction came from billionaire investor. Famous billionaire and hedge fund manager Paul Tudor Jones likened BTC and altcoins to the early stages of the internet. According to Jones, Bitcoin and cryptocurrencies are in the first phase of the "crazy journey".
Cryptocurrencies Are Just At The Beginning Of The Rise
Speaking to Yahoo Finance, Paul Tudor Jones stated that he could not predict where Bitcoin will be in the financial environment in 10 years, but is confident that it is in the early stages of a major upswing.
The continuation of Jones' statements to Yahoo Finance is as follows:
“So what I do know is that today it's not possible to know what the next 10 or 20 years will be like and whether I need to take a position on it… I'll take the brand name, assume it's the wrong price for the odds it has, and I'm going to assume that the way forward from here is the path of ascension. I think cryptocurrencies will go on a crazy rocket ship ride along the way. But my prediction is that something like bitcoin in particular will be at significantly higher levels 20 years from now. "
"Current Market Value Does Not Reflect The Reality"
Paul Tudor Jones claimed that with Bitcoin's reputation and wide possibilities in the digital currency environment, the current market value of BTC is not true. However, the famous billionaire believes that Bitcoin has not yet seen its highest level, but also noted that people do not understand because the king cryptocurrency is an unknown asset, as happened with internet stocks in the late 1990s. Jones made the following statements in his statement on the subject:
“Bitcoin reminds me so much of internet stocks of 1999 because when the internet was in its infancy, no one knew how to value it because of the prospect of possibilities. What you can be sure of is that we'll probably be using some form of digital currency 20 years from now. "
Latest Status on BTC Price
Bitcoin, the first-ranked
cryptocurrency, lost 2 percent in the morning hours and started trading at $ 18,900. The flagship of crypto coins has a market value of $ 351.5 billion. BTC manages the last 24-hour trading volume of $ 36.3 billion with market capitalization.
Source: kriptokoin.com