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.

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.

Mike Novogratz says he believes BTC will end the new year above $12,000.

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.


People Mentioned

Jack Dorsey
Jack Dorsey

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.

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An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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