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Rockefeller Exec Says Bitcoin will Rebound – BTC Exchange Deposits Hit 2-Year Low
Despite losing over 70% of its value over the last eight months, Ruchir Sharma, the international chairman of Rockefeller, believes that Bitcoin will weather the ongoing storm and come out stronger.
Sharma also likens the fluctuating Bitcoin prices to the downward trajectory of Amazon (NASDAQ:AMZN). He believes that, just as Amazon experienced a resurgence, so too will Bitcoin.
In the short term, Sharma expects the decline to continue a while longer, however. He adds that Bitcoin may eventually be an alternative that replaces the U.S. Dollar as the leading currency in the future.
Flipsider:
Although predictions for the future of Bitcoin are bright, the present remains uncertain, as...
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