Crypto Hedge Fund Manager Spencer Bogart

We appear to be in the season of predictions as various stakeholders in the bitcoin ecosystem are finding their voices again. The reason for this isn’t far from the recent bullish run of the bitcoin price that has seen it test the $8,500 mark before retracing and trading around the $8,200 mark as at the time of writing.

The last time that bitcoin crossed the $8,000 mark before now was in May 2018, after which it pulled back below the $6,000 mark. Overall, the year 2018 has been one of a downward trend for the cryptocurrency after making an all time high of almost $20,000 just before the beginning of the year.

Amidst all the volatility and massive sell-off, several predictions have emerged from different angles both in support and against the sustainability of the cryptocurrency. Some of the predictions have regarded bitcoin as a bubble, especially during its swift downward movements. However, even in the course of the downtrend, a number of enthusiasts…