Top VC Expects Bitcoin to Return Much Higher as BTC Sees Green

As Blockonomi has covered extensively over the past few months, Bitcoin has dropped by 50% from its year-to-date top of $14,000.

But at long last, the selling pressure has stopped; the cryptocurrency market has found itself caught in a tight price range over the past week after plunging by 20% in November.

Although prices have yet to recover, analysts and top investors say that the fundamentals developments of the cryptocurrency and blockchain industry imply that Bitcoin, along with altcoins by extension, may soon see a recovery heading into 2020.

One such investor to tout this narrative is Spencer Bogart, a partner of top industry venture capital firm Blockchain Capital, who took to Bloomberg on Monday to discuss reasons why he thinks Bitcoin could soon return to the upside.

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