Crypto ‘Wunderkind’ believes that this year is the new 2017, especially for the bitcoin price according to Teen BTC millionaire Erik Finman. Let’s see what he thinks in the latest cryptocurrency news.
Finman made an extremely large fortune by buying bitcoin in 2011 and instantly became famous. He is now the one giving advice and price analysis and he did the latest one saying that 2019 is the new 2017 for Bitcoin. He has previously made wrong predictions last December saying that Bitcoin was dead and Litecoin was taking its last breaths. Just a few days later, Litecoin made gains of more than 250 percent.
However, the crypto ‘wunderkind’ is rebranding himself and is now going away from his dark predictions of 2018. Finman is now positioning himself as the leader in the crypto space mainly because he has a very expensive PR agency behind him. It seems that Bitcoin and the blockchain are now back in fashion of him and still remain ‘’cutting edge.’’
While Finaman makes this large and bold statements like this and enthuses that products like his will make sure that the Bitcoin price will reach to $20K by the end of the year and is really hard to keep track of his statements. He does, however, have a huge knowledge of Bitcoin since 2011 and the crypto community believes in his analysis. However, crypto traders and analysts do not disagree.
2019 is not likely the new 2017 and it is very far from it since a lot has changed over the last two years. For starts, as explained in the coming altcoin news, the expectations have been adjusted after the manic price ups and downs and the crazy expectations that blockchain can cure cancer and help us make the world a better place. Bitcoin is based on a better place now more than ever and even during the height of retail FOMO. The hash rate, transactions, usage, and average block sizes are all up from 2017 despite the prolonged bear market.
There are also a lot less Bitcoin ATMs scams, less institutional investments and even the SEC decided that Bitcoin is not a security.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]