Bitcoin is currently priced at $6,069 after another fall last night from yesterday's high of $6,241.
This week we're responding to comment from Brian Kelly, founder and CEO of BKCM LLC, who replied to questions on the latest BTC price plunge by telling CNBC on Sunday - "this is not the funeral for bitcoin whatsoever."
Bob Loukas, the founder of Bitcoin.Live told Express.co.uk that much of today's volatility is part and parcel of waiting while the "excesses of the 2017 bull market to wear off.”
He said: “I agree with Brian Kelly, bitcoin is far from dead and we predict this fall will not be the end but another trial after which it is looking to emerge even stronger.
"From an investor’s standpoint, bitcoin’s ability to weather multiple attacks and price collapses, while remaining to be a great performing asset in the past decade, is beginning to gain trust in the marketplace.”
“The world is continuously watching the rise and fall of bitcoin from a very close proximity. What needs to happen if for investors to look at the progress of this cryptocurrency over time."
