Crypto News & ICO Reviews
The author of the 2013 book ‘Bitcoin Explained Simply’ says he stands by his prediction that Bitcoin will reach a “third act” that will bring the price of BTC to $250,000. On The Next Billion Seconds podcast, Mark Jeffrey compared the crypto bear market to the crash of the dot-com bubble that began to burst in the year 2000.
“I think this is very much like the dot com boom and bust cycle that we saw in the late 1990s, early 2000s. We’ve just gone through the analogue of that cycle in the crypto universe in a compressed time frame.
I think people got very over exuberant and probably extended themselves a little bit too far, and then they got scared. And don’t forget that the [traditional] markets have also experienced a lot of crashing and volatility so it’s not isolated to just crypto. So I think that is affecting the crypto universe to a certain degree…
This is not the end of the story. This is the middle part, this is the second act. The third act is Return of the Jedi.”