Yes, it definitely is in a recovery phase. And it is very similar to what we saw in the dotcom industry several years back. It's hard to increase so quickly and not come back down. That's why I don't think it'll do it again this year. It just doesn't have the energy after climbing so high.

It has a very similar speculative nature, that's why it went up so high. Tech and crypto follow similar patterns of huge booms and busts. Bitcoin will last because it is like Microsoft or Dell: It has an idea that is worth developing. Most altcoins cannot, unfortunately provide this advantage.

Which is why...