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RE: Why Bitcoin Could Reach $23,000 Soon

in #bitcoin7 years ago

Of course it's possible - It's more common that Bitcoin gets back its dominance when everyone panics. But this time I think it's possible we don't see a general crypto selloff, but just a panic into Bitcoin. Why? Because I think EVERYONE feels that altcoins are overvalued, even the people who are generally bullish on them over Bitcoin because they view Bitcoin as useless. If even those people start to think altcoins are overvalued, shouldn't be too unreasonable to see a shift of capital in market back to Bitcoin. But yes, of course Bitcoin is always at risk of a drawdown.