Over the last week, the crypto markets have seen some bold predictions. Tim Draper claimed Bitcoin (BTC) will reach the $250,000 mark in four years, while Tom Lee reiterated his forecast that BTC will hit $25,000 at some point this year. And it appears Monday’s slight slump hasn’t caused people to run away screaming- at least not yet it hasn’t.
As a matter of fact, one cryptocurrency analyst tweeted out to his followers (all 70,000) that he is far more comfortable with what the crypto markets look like right now. Why? Primarily because Joseph Young believes that Monday’s results indicate that cryptocurrencies are starting to have independent movements. Young added that he is glad that cryptocurrencies are not following “the trend of BTC.”
Meanwhile, there are others in the crypto sphere that have decided not to worry about the crypto markets price fluctuations. This is because there is a lot of other stuff happening in the crypto markets today. For instance, there are a few who haven’t even voiced their opinions on today’s slight slump. Instead, they have put all of their energy into focusing on the fact that Coinbase just acquired Earn.com.
Anthony Pompliano, a cryptocurrency capitalist, tweeted to his 113,00 followers that the “battle for retail crypto investors” is about to get epic now that Coinbase acquired the Earn.com team. Mr. Young also added his two cents on this acquisition, tweeting it was a “genius move” by the exchange to acquire Earn.com.