Less than two years ago Shark Tank's Mr. Wonderful shared his dislike for Bitcoin and said it offers no value. Today though, he has had a complete change in his point of view recently stating “” and going so far to invest 3% of his net worth (~$400M USD). A big factor in his change of view is the believe that big institutions are willing to hold through the most volatile times. “” Mr. Wonderful isn't the only one having a change of heart. Elon Musk recently sent the Bitcoin market into hyperdrive when he announced his support for Bitcoin and invested $1.5 billion under his Tesla brand. Everyone is talking about Bitcoin today, the big investors are buying more, and large institutions are looking at how they can work Bitcoin into their portfolio. Even governments are looking at cryptocurrencies as a way to help their national debt. Cryptocurrencies are becoming the biggest game changer in the last 100 years. I'm still waiting to hear Warren Buffet to come around to crypto.
Who needs crypto gains when that many words earns $58 in just 3 hours?
I think the recent pullback was due, and was in part caused by the hype mentioned above. Now that it's consolidating through price and time, when it breaks into the 50,000s again it will probably surge fairly quickly to $80k or so.
Then at some point there will be a long bear market (a year or more), followed by another huge bull run to ATHs. Bitcoin should go well into the 6 digits, and who knows where HIVE will end up at that point. Hopefully it stops going down whenever BTC goes up, so that we don't end up at 0.00000002 when BTC hits a million!
Altcoins in general are about to have their day in the sun. Anything that has value and a community (HIVE included) should do well for the next 6-12 months IMO.