Bitcoin ‘Patient Zero’ Says BTC’s Current Stage is Like ‘1992 for The Internet’

Bitcoin “Patient Zero” Wences Casares, the founder of Bitcoin (BTC) wallet startup Xapo, said that the seminal cryptocurrency may take years to prove successful, in an interview with Bloomberg Oct. 29. In an interview with Bloomberg, Casares argued that BTC is an “intellectual experiment,” and it could be several years before it proves successful. “It may work, it might not work,” said Casares, noting that Bitcoin is in its early stages and that “we are in the equivalent of 1992 for the Internet.” However, Casares suggested that the probability of…

Fundstrat Analyst: Don’t Buy Bitcoin (BTC) Just Yet, Be Patient

Crypto Volatility Slows, Market Posts Slight Loss On Monday, October 8th, the crypto market surprisingly saw some semblance of price action, with nearly every single crypto asset posting 1.5 percent gains (or more) at one point in the day. Bitcoin, for example, moved from $6,550 to $6,650, with some claiming that a breakout past the $6,800 resistance level was imminent. Some optimists even claimed that Monday’s move was the spark that would’ve catalyzed crypto’s next parabolic run-up. But, in classic bear market fashion, the market slowed as the sun rose again,…