In fact, Claasen expressed his opinion at the Startup Grind conference that he believes most digital currency projects will fail mainly because investors are investing too much in digital currency projects, leading to risks Exacerbations, especially after many projects proved to be scams.
The data do not speak, and although only a month and a half have passed since 2018, there have been at least five major ICOs and digital currency scams, including notorious Bitconnect.
Claasen believes that the cryptocurrency community will learn from these frauds and will work hard to stop it from happening later, saying that investors are beginning to be very cautious, and that's exactly what the market is doing well one.
However, although Claasen predicts Bitcoin will reach $ 40,000 by the end of this year, he said the bitcoin price will not show steady growth this year. On the contrary, bitcoin prices may experience ups and downs, basically three To six months for a cycle, but will eventually exceed 40,000 US dollars mark.
It is worth mentioning that Ripple CEO Brad Garlinghouse also said earlier that the final price of most virtual currencies may be zero.
