Even as Bitcoin heads back towards new medium-term highs, critics remain and some investors are still hesitant to buy into the blockchain movement in 2019. The debate rages on: can we say for certain that Bitcoin is here to stay?
Weighing in on this topic is Nicholas Merten, a Bitcoin analyst and the author of NicholasMerten.com as well as the founder of DataDash, one of the largest cryptocurrency YouTube channels with over 317,000 subscribers.
An international speaker, thought leader, and cryptocurrency expert of note, Nicholas Merten has not only built an impressive set of knowledge on global markets, but he’s also currently leading a self-funded effort, known as Project Genesis, which aims to fix many of the key issues of the financial world and bring cryptocurrencies into the mainstream.
Mr. Merten’s popular DataDash channel is a one-stop shop for all things related to cryptocurrencies, data analytics and science, and spotting global trends through cutting-edge analysis. Through DataDash, Nicholas Merten showcases many of the key players in the world of blockchain, cryptocurrency, and finance.
Courtesy: Nicholas Merten
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Crush the Street asked Mr. Merten to expound on Bitcoin’s viability and future as the first half of 2019 comes to a close. According to Nicholas Merten, the skeptics who call Bitcoin a Ponzi scheme or a bubble fail to realize that any new asset class is going to experience volatility.
It cannot be denied, according to Nicholas Merten, that Bitcoin has been outpacing the S&P 500 and other major market indexes as well as commodities such as gold and silver. The haters don’t understand that Bitcoin is the fifth evolution of money – and that at the current price, you’d only be down on your Bitcoin investment if you happened to buy near the December 2017 top.
If you had bought Bitcoin at practically any other time since 2009, you’d be in the green on your investment – and probably very green. Still, Bitcoin investors need to understand that it’s prone to both parabolic run-ups (including the previous 40X rally) and sharp corrections that can reach -80% before reclaiming all-time highs.
What’s the next stage in the evolution of Bitcoin? Tune in to Crush the Street’s exclusive interview with Nicholas Merten to find out! And don’t forget to visit Mr. Merten on his website, NicholasMerten.com, as well as on his DataDash video channel.
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