Bitcoin Unlikely To Drop Below $9k Again Claims Messari Crypto’s Ryan Selkis

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • Bitcoin won’t again fall below $9k, says Ryan Selkis, founder of Messari Crypto in his latest tweet.
  • Ryan Selkis, founder of Digital Currency Group and Messari, “this is the last time we’ll ever see bitcoin below $9k.”
  • Forbes has even predicted it’s value to hit the 50,000 dollar milestone in 2020, which undoubtedly further cements Ryan Selki’s earlier claim.

As mentioned today in a tweet by Ryan Selkis, founder of Digital Currency Group and Messari, “this is the last time we’ll ever see bitcoin below $9k.” This certainly stirs up the long-time question, experts and even layman are having regarding how far will bitcoin go in this digital race.

So how much weightage can be placed on this claim?

There happens to be enough evidence to suit the claim that indeed bitcoin has seen a massive increase in the dollar exchange market with prices crossing the 9,000 dollar mark and predicted to reach the 9,500 dollar level.

Although seeing a de-growth in the second half of 2019, bitcoin has managed almost to double its value through the year-end. Forbes has even predicted it’s value to hit the 50,000 dollar milestone in 2020, which undoubtedly further cements Ryan Selki’s earlier claim.

Many other entrepreneurs and experts working in the crypto field such as Nexo co-founder Antoni Trenchev have even briefly discussed why bitcoin might be the biggest revolutionary cryptocurrency in 2020.

Even major cryptocurrency traders such as Momentum had placed their bets on this probability. This majorly based on the fisher transform pushing above the zero lines on the weekly chart for the first time since 2019 beginnings.

Another well-known name in the crypto market would be analyst Cryptokea, which has put forth the increasing google trend for the terms “Buy Bitcoin” which had reached its highest search level since June 2019. This indicated the growing popularity of bitcoins at a worldwide scale.

It inevitably attracts cryptocurrency buyers and creates an even higher demand for the suppliers due to the impressive word of mouth and statistical evidence. With a sharp rising graph, bitcoin, as mentioned by Forbes, might be equivalent to the digital gold.

So we surely can place our bets on this rising mammoth which shows no signs of stopping and might just keeping dominating the digital ecosystem. Concluding this, we can say that the bitcoin and cryptocurrency era inevitably happens to not be a popular myth but rather a potential future legend in the making.

We Recomaned

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners