Bitcoin has always witnessed its community stand by it even when the prices are low or if there are major scandals in the industry. The community has always stated that despite the naysayers present in the field now, the cryptocurrency will still find ways to develop and become a sustainable way to exchange value.
CryptoWelson, a famous cryptocurrency analyst, tweeted recently:
“Steve Jobs in 1997: Ignore Media FUD & buy more Apple shares during the dip like me. Others are yet to catch up to the revolution.People who listened & bought APPL shares worth under a dollar turned them into $260 (300x gain)
Same principle applies to investing in #Bitcoin”
During the investor conference, the world-renowned CEO had stated that the press and the stocks were the same; both of them change according to the passage of time. Similarly, crypto proponents have asked the community to continue to believe in the underlying technology. Even during the recent bear run, Bitcoin enthusiasts have continued to claim that a bull run was right around the corner.
Prior to the famous 2017 Bitcoin bull run, the industry was attacked blatantly by critics who reiterated that the cryptocurrency and its compatriots were never going to be integrated into the mainstream economy. Cut to two years later, and several cryptocurrency organizations have created partnerships and tie-ups with mainstream behemoths.
Ripple, the Brad Garlinghouse led cryptocurrency organization, has been responsible for building partnerships with mainstream banks such as Santander, who now use the company’s proprietary technologies.
Tron, the 11th ranked crypto on the charts and its CEO Justin Sun, has been other forces that have elevated the status of the industry. Tron now has a tie-up with Samsung, which allows users on the mobile phone to access the Tron blockchain. This was announced during Samsung’s annual developer conference, where its officials added that integrating with the blockchain world was the way of the future.
At press time, Bitcoin was trading for $7613 with a total market cap of $137.58 billion. The 24-hour market volume had risen to $21.52 billion after a 3.75 percent price increase in the 24-hour time frame. This price point was achieved after a week of bullish runs that lifted the price from below $6600.
Some fans of the cryptocurrency seem to have heeded Jobs’ words because they continued to back the coin no matter what the cryptocurrency climate. As the market approaches the year-end mark, rumors abound that a significant rise or fall was just around the corner.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.