According to Cardano founder Charles Hoskinson, Bitcoin will return to the levels that were noted in 2017 in about 10 to 11 years:
It may take us [cryptoindustry] 11 years to go back to where we were in 2017, but at this point we will have a completely different ecosystem. We will have millions, maybe even billions of users. Cryptocurrencies will be easy to use, even grandma can use them. Many complex things will be clarified. For example, if someone dies, how do we get his private keys, how will taxes be, all regulation will be adjusted.
He believes that attracting an institutional investor interested in trading strategies for pairs and advanced tools is a prerequisite for the development of the Bitcoin ecosystem. This means that the developers of crypto projects should be guided by serious plans for long-term investors, since Wall Street is looking for new derivatives, options and tools for short sales.
Meanwhile, the BTC / USD pair is trading at $ 3,595. Since the beginning of the year, Bitcoin has fallen by almost 4%, the coin is struggling to find a way above $ 3,600, which is a prerequisite for further recovery.
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