Crypto will Never go away

BITCOIN is not going away, an expert has claimed, despite the cryptocurrency undergoing a bearish start to the new year with its price falling down to below $8,000.

City & Business News
Bitcoin price BOOST: Expert says crypto is not going away and says price is NOTHING

BITCOIN is not going away, an expert has claimed, despite the cryptocurrency undergoing a bearish start to the new year with its price falling down to below $8,000.

Bitcoin has struggled this year and its price plummeted to a two-month low latest Friday.

Nithin Eapen, Chief Investment Officer at Arcadia Crypto Ventures has claimed the cryptocurrency will always be volatile but said that Bitcoin was the future.

He said: “This is nothing you see. It has just fallen 20 percent this week, maybe in the two months, it has fallen 50 percent.

“I used to remember times when this was one dollar, then it goes to $10 and then it’s back to $3. Compared to that, this is nothing.

“For all of those newbies out there, oh my God, they’re going to get crushed, but this is not classical music, or Jazz, this is punk rock, and they have to be ready for that.

“If you are expecting classical music, something that is very calm, well you are in for a surprise.”

Also speaking on Al Jazeera, Mr Eapen said: “What percentage of people are in crypto? And this is changing the world.

“This is like 1994 and the internet. By 1998 most of the analysts out there were saying ‘by 2002 there is not going to be any internet there and this hype is going to go away.’