Charles Hoskinson, the founder of Cardano (ADA), said on Twitter that he believes that Bitcoin (BTC) will reach $10,000 and the whole market will eventually welcome a $100,000 Bitcoin.
These comments come after Bitcoin fell over $1,000 in the last few days. The leading cryptocurrency moved from over $8,150 to slightly below $7,000.
Bitcoin Could Surge To $100,000
The largest cryptocurrency in the market has been experiencing a lot of selling pressure during the last few days.
Bitcoin fell by over $1,000 and the market remains bearish about the future of the digital asset, at least in the next few weeks.
Many experts consider that Bitcoin could fall to around $6,400-$6,000 before starting to grow once again.
On Twitter, Hoskinson explained that there is a lot of FUD in the market and that this is affecting the price of Bitcoin at the moment. However, things could change in the future and he believes that Bitcoin could surge to $100,000.
On the matter, he commented:
“Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future.”
Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future pic.twitter.com/9vlgH4S7u2
— Charles Hoskinson (@IOHK_Charles) November 22, 2019
At the time of writing this article, Bitcoin is being traded around $7,220 and it has a market capitalization of $130 billion.
The whole market experienced very bearish days in recent times. Most of the top 10 cryptocurrencies massively fell by over 10% in some cases.
Cardano Network Continues To Grow
In addition to it, Mr. Hoskinson has also talked about the latest developments on the Cardano network.
He explained that they are very happy about Daedalus and that they consider they have moved very quickly during the last month.
At the same time, Hoskinson said a few weeks ago that Cardano is in good shape and also moving fast in the market.
A few months ago, Cardano launched the Shelley testnet and they are now focusing on the incentivized network to offer users the possibility to earn rewards with the work they do on the network.
ADA is now the 11th largest cryptocurrency according to CoinMarketCap. At the same time, the digital currency has a market capitalization of $970 million.