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Despite price crash, Bitcoin believers still say the best is yet to come

August 17, 2018

Via: NBC News

SAN FRANCISCO — In December, Bitcoin seemed like the next big thing. One Bitcoin was nearing $20,000, financial journalists were starting to seriously consider whether Bitcoin could replace safe-space investments like gold and companies sprouted up to sell Bitcoin to the general public.

It’s been pretty much downhill since. One bitcoin is now worth a little less than $6,500, and public interest has waned. Such is life for Bitcoin proponents.

“I’ve seen Bitcoin drop from $20 to $2 and $1,200 to $250,” said Jeremy Gardner, managing partner of the investment firm Ausum Ventures and the proprietor of San Francisco’s Crypto Castle, a living space for people working in cryptocurrency. “Hyper-growth followed by a heavy correction isn’t new.”

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