Bitcoin’s 9,000,000% Surge Was Reportedly Just A Warm-Up
The crypto market looks pretty mixed today, and the most important coin is trading in the red at the moment of writing this article.
Bitcoin (BTC) is priced at $7,154.38.
Bitcoin’s huge boom was reportedly just a warm-up
Jack Dorsey’s Square Crypto says Bitcoin is getting started after the epic performance over the past ten years.
The most important crypto soared by 9,000,000% over the past ten years, and it left all crypto assets back, according to the Daily Hodl.
The Bitcoin-focused division of the publicly traded mobile payments company Square says we’re still in the early days for BTC.
Dorsey says he thinks that Bitcoin has a chance of becoming the native digital asset of the Internet.
The tweet received a lot of support on Twitter in the comments section.
This decade was bitcoin just warming up.
— Square Crypto (@sqcrypto) January 1, 2020
For instance, someone said: “The world still doesn’t know what Bitcoin is and that it is The Best form of money we’ve ever seen.”
Another follower posted: “Like the first decade of the internet, in the second decade all the normies came.”
Someone else said: “Eh. Not really warming up in terms of % gains if that’s what you focus on. We will not see 9 million percent returns from bitcoin anymore. However, I agree the technology and it’s usefulness will only become more widely accepted.”
Optimistic 2020 predictions
Despite the huge volatility of the crypto market, there are all kinds of optimistic BTC-predictions popping up in the crypto space.
For instance, the CEO of crypto investment Galaxy Digital said that he’s expecting BTC to rally at least 61% in 2020.
The crypto space was shattered by a move that YouTube made at the end of 2019 when a lot of important crypto accounts on YouTube were hit and videos were taken down.
Also, Google made a move against the crypto industry and suspended MetaMask from the store.
Anyway, crypto enthusiasts are optimistic at the beginning of 2020.
Co-founder and CEO of Twitter and Square, Dorsey has been an advocate for Bitcoin since the early days. Having launched a crypto division of Square early this year (called Cash App - which helps newcomers buy Bitcoin), Dorsey is now making plans to lead the way to mass BTC adoption in Africa.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.