Charles Hoskinson, former CEO of ethereum and current Cardano founder, says he expects BTC to bounce back to over $10,000 and reach $100,000 in the near future.

He mentioned in a tweet last Friday that Bitcoin is more than a speculative asset so the crypto community shouldn’t lose hope. He claims the current market crash was mainly caused by fear, uncertainty and doubt “FUD” caused by the media, as well as market manipulations. He believes Crypto is unstoppable and is capable of transforming the world in the near future.

As reported earlier today, Bitcoin has seen a significant price decrease; even recorded its six-months lowest price yesterday. It dropped momentarily below the $7,000 levels before settling slightly above it. Amidst this market crash, Bitcoin dominance still rose to 69%, meaning that BTC has once again outperformed other coins despite its decline.

Shortly after the price drop, Bitcoin futures daily volumes on Bakkt have hit a new all-time high. This indicates an increased interest in capitalizing on the renewed volatility.

Featured image courtesy of Shutterstock