In a wide-ranging conversation with The Merkle, the co-founder of The Chart Guys explained why he doesn’t believe the current cryptocurrency market constitutes a bubble.
“The great thing about this market is that when one coin, when Bitcoin cools off, the money is going to go somewhere else. And that’s because, in my opinion, there is no bubble at this point.
I think it’s reached enough mainstream adoption . . . I think that we’ve seen enough gains and enough continuation that there is always going to be big money looking to buy significant dips.”
In the interview recorded November 9, Dan from ChartGuys.com suggested that the Bitcoin price could pull back significantly following the previous day’s SegWit2x fork postponement and the subsequent all-time high.
He reacted to recent gains among altcoins, commented on barriers to entry in the traditional financial markets, and weighed the strengths and weaknesses of trading robots.