David Drake, founder and chairman of LDJ Capital, said that Bitcoin will set a record, predicting it will be worth $30,000 by the end of the year.
Speaking to Bloomberg, LDJ’s chairman David Drake said that the direction Bitcoin is moving continued to voice his positive outlook. He points out that cryptocurrencies are currently quite popular in the US, as well as in Asia. Drake is very optimistic about the volatility of cryptocurrencies. He thinks this is due to the guidance of more regulators and Wall Street involvement.
David Drake looks very optimistically to the future
While Drake believes Bitcoin has a bright future, Bitcoin has a bright future. He takes a slightly different approach compared to Jack Dorsey, CEO of Twitter, who says that the internet will be the only currency. Drake insists that hundreds of different cryptocurrencies will continue to exist in the market. He also says he opposes the hype culture in currencies and expects investors to calm down on the matter. He states that he believes that everything will return to normal after the cold winter passes and better days will come.
Bitcoinist