RE: Bitcoin Surges Back Above $8500 As Goldman Doubts Cryptocurrency Survival
Indeed, respecting the enthusiasm of the new generation builds the world economically as they get deeper into financial knowledge making it hard for them to waste resources.
Dan Morehead being the founder and CEO of Pantera Capital, an investment firm focused exclusively on cryptocurrencies and one of the largest institutional investors in crypto to date, makes me trust he's report. Some alt coins and ICOs will go to zero and some will remain in the market for a very long time. People are starting to transact a lot of products using bitcoin which is now proving a challenge to the banks, credit card companies, conventional stores of wealth like gold, fiat currencies showing there is no way cryptocurrency will not survive long term. More investors are entering the market and that can not be over looked.
With yesterday's hearings and Dan Morehead's analysis we the public are confident we are in the right market with the investments we made, despite the criticism from people like Goldman Sach, whose report is killing the enthusiasm and confidence in the cryptocurrency.