Bloombergâs Joe Weisenthal and BitPayâs chief commercial officer, Sonny Singh, sat down with Emily Chang to discuss the current state of the cryptocurrency market on âBloomberg Technology.â
Hereâs what they had to say.
Have We Bottomed?
For whatever reason, some legitimate and self-professed cryptocurrency experts believe the market has bottomed â despite Bitcoin currently hanging just above the critical support level of $6,000.
Regarding an industry exodus, it is true that there are still more projects and altcoins that need to be flushed out completely. Many altcoin projects are still incredibly overvalued, and still more need to die completely to separate the wheat from the chaff.
Next Year Will Be Better
This year has been rough for cryptocurrencies. Thereâs no denying it â but that doesnât mean 2019 wonât be better.
BitPayâs Singh claims next year will see all of those much-discussed developments actually come into existence.
At the very least, things canât get much worse in 2019 than theyâve been this year!
What do you think of Weisenthalâs and Singhâs opinions? Will 2019 be better? Let us know your opinions in the comments below!Â