Bitcoin is quickly passing the point of no return. During the past week, the coin lost over one-third of its price. According to CoinMarketCap, the exchange rate of BTC is currently around $3800 which is the lowest value in the last year and 2 months.
Although the majority of the crypto community have already accepted the fact that Bitcoin and the other coins are doomed, there are still some people left that do believe in the positive outcome of the current collapse.
For example, the CEO of Genesis Capital Trading, Michael Toro says:
“This is about the fifth or sixth 75 percent-plus drawdown that we’ve seen in the 10-year history of bitcoin.”
He is sure that such downtrends are a normal thing for the crypto world, and no success would be possible without them. Toro and many other still have hope for Bitcoin.
And if you are feeling hopeless, we remind you about our compilation of the memes related to the collapse of BTC to cheer you up:
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