PAC Protocol CEO David Gokhstein shared his views on the latest bitcoin status on Twitter.
In particular, Gokhstein called the current market reversal "super necessary" to keep up the price of the flagship cryptocurrency, Bitcoin. According to him, the next step in the price of bitcoin will probably be $ 80,000.
I agree there's always something like this to happen before the big pump and we have the history to prove it, unfortunately, even if this happens so many times still some people thinks it's the end of Bitcoin every time there's a big dip, they cannot grasp the fact that Bitcoin adoption is in progress and it's normal on a highly volatile market.