Mark Jeffrey assures that the btc will reach $ 250,000
The writer indicated that currently the cryptoactive is about to break a bubble similar to the one lived in the early 2000s with "dotcom"
The American writer Mark Jeffrey recently claimed that the bitcoin cryptocurrency can easily reach $ 250,000.
The author of the Max Quick and Bitcoin Explained Simply series based his arguments on the similarity of the btc market to the dotcom bubble.
“I think this is very similar to the boom and fall cycle of ‘dot com’ we saw in the late nineties, early 2000s“, explained the writer.
The so-called bubble refers to the period of economic growth that companies linked to the Internet had between 1997 and 2001. This process opened the way for large markets such as Amazon and Google.
Jeffrey says that the process of the cryptoactives has been very compressed. “Therefore, in the dot-com boom and bust cycle it was about four and a half years, maybe five years. In the world of cryptocurrencies, it was about a year and a half”.
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