"Morgan Stanley has some good news for Bitcoin bulls, however: The 70 percent decline is “nothing out of the ordinary,” and what’s more, such corrections “have historically preceded rallies.” Just as the Nasdaq gained back much of what it lost in the subsequent years—before the financial crisis pared losses even further—bitcoin could similarly be ready to stage a strong recovery."
Source -
https://www.forbes.com/sites/greatspeculations/2018/03/28/looking-ahead-to-20000-bitcoin/#646585822ec5Great to always see good news of crypto in the news. Of course, the bear trends still continue but this piece of optimism is always nice.
What do you think?
The market will recover, that's for sure.
But I think it won't recover until institutional money starts jumping in en masse.
We are talking traditional hedge funds, investment funds, banks, wall streeters, etc.
Last december saw an uprecedented rise in "normal money" flooding in.
That is, a lot of average people reacting on fomo that drove everything to new heights.
Now, as they are feeling the burn from having bought btc at 15 to 17k, they are collectively much more cautious.
And that trend is over so it's hard for me to see another normal person frenzy of money coming in.
The good news is, that market corrections are fantastic for attracting institutional money.
More than anything, they want to see stability, and even though to us we feel the market is bleeding, when you look at it over three months, it is actually quite steady.
My own personal predication is that in April is when we will start to see more money pour into the market.
Then all these tears on bitcointalk will turn to smiles lol.
