"Morgan Stanley has some good news for Bitcoin bulls, however: The 70 percent decline is nothing out of the ordinary, and whats more, such corrections have historically preceded rallies. Just as the Nasdaq gained back much of what it lost in the subsequent yearsbefore the financial crisis pared losses even furtherbitcoin could similarly be ready to stage a strong recovery."
Source -
https://www.forbes.com/sites/greatspeculations/2018/03/28/looking-ahead-to-20000-bitcoin/#646585822ec5Great to always see good news of crypto in the news. Of course, the bear trends still continue but this piece of optimism is always nice.
What do you think?
I dont doubt that is going to reach 20,000 but it is not going to happen so soon. Bitcoin has not reached mass adoption where it can be used for everyday life. It is just right now a speculative asset but i see gradual adoption all over the world.