Venture capitalists are not too sure that Bitcoin's price will be able to keep its momentum. This can be expected only after a major correction, which we recently passed. Jason Calacanis is concerned about the future and predicts that there is a one-three-three chance that Bitcoin's price will be zero. Although it seems that it is unlikely that things will so quickly get out of hand, there is always a chance that this can happen. CAN THE PRICE OF BITCOINS REMAIN IN GREEN? Despite the fact that 2017 was an exciting year for crypto-conversions in general, it's safe to say that in 2018 the situation will not necessarily remain so positive. In fact, at the beginning of 2018 there was a major price correction for bitcoins, which was expected very little. Despite the fact that such things can always happen - and usually they tend to appear in January - the last correction concerns some venture capitalists. Jason Calacanis is very concerned about the current price of bitcoins and made a rather gloomy prediction. More specifically, he argues that there is a 33% chance that the price of bitcoins will go to zero in the very near future. This is not an assertion that many people will agree with, although no one can deny that the possibility is very real at the moment. With Bitcoin struggling to maintain the price at $ 12,000, it is normal to see how some people express their concern about what may be in the future for the world's leading crypto currency. It is worth mentioning that Calacanis does not deny that Bitcoin is a real technology and that it can change the world. In the future it can do amazing things, but the lack of proper regulation, the abundance of manipulation and the sheer volatility are all factors that make bitcoin unfavorable as a currency. The current price is based only on hype and speculation, since most people start to consider Bitcoin as a valuable value, rather than the actual currency. According to Kalakanis, it seems that it is only a matter of time until random investors understand that they are buying "huge fraud". This statement, in particular, will certainly cause a lot of debate among the enthusiasts of the crypto currency. It's not the first time we've heard people call Bitcoin fraud, although there has been no convincing evidence to support such statements so far. It is not clear how many people think that bitkoyn is fraud without any evidence to support such wild claims. In addition, Calacanis is also convinced that the current trend of investing in bitcoin is "extremely dangerous". Investing in any vehicle, property or product is always risky, as there is no guarantee that anyone will ever be able to do it. Bitcoin and other cryptresources are no exception in this respect, but they also do not pose any additional risks. It can easily be argued that the current price of Apple shares is also based on the hype and excitement in the first place. One thing you need to remember about is that Kalakanis is quite an interesting person with some conflicting opinions. For example, he does not want companies like Facebook to be too rigidly regulated. This in itself is somewhat understandable, but it also shows that the interests of this VC easily justify the anti-Bikkin position. Of course, there are always contradictory opinions when it comes to technology and crypto-currency. This will not change in the near future. Source: themerkle.com
