In Crypto market, it is the biggest dip after 2013. Thus, if you tolerated this collapse, I would bet there would not be like this market shrinking for the time being.
According to Michael Novogratz, who is known to be an ex-hedge fund manager, Bitcoin is destined to hit the market cap of 8000 USD sooner or later, which just happened these days. He also contended that Bitcoin will hit the all-time high at the end of 2018 which is over 50,000 USD. It means that cryptocurrency market will total 5times larger than now because now the price of one bitcoin is almost close to 10,000 USD.
I'm not saying that he is like God to predict the unprecedented future. However, it is worth listening because his prophecy is credible. He had a record of investing in the early growth phase of Bitcoin and participated in Etherium initial coin offering, in which he profited a lot.
Though you can get disappointed about the market and may want to get away from Cryptocurrency things, just believe the future and potential of potential of the technology behind cryptocurrencies because as one of the strong enthusiasts for Blockchain System, this market will flourish steadily.
According to Hyman Minsky who drafted a graph of describing how a bubble is to burst out, we may be somewhere in the tipping point which only has the downhill. It can be right but given the fact that many financial institutions are not yet involved enough to form the big bubble, it is not the vertex of the graph. we have more rooms to grow.
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