According to a conference, David Drake talks about the evolution  of Bitcoin this year. “Bitcoin will be worth $30,000 at the year end” it’s the declaration of founder of LDJ. David Drake has enough faith in the recovery of crypto market for 2018.

In a declaration for Bloomberg, LDJ Capital’s David Drake expressed his positive opinion about the price of Bitcoin. He makes an analysis about how Bitcoin is the “biggest market right now” in Asia and in US. The biggest world cryptocurrency, Bitcoin, is very promising as price for Drake. This is due to increasing guidance from regulatory bodies as well as Wall Street getting more involved.

Drake’s opinion about the price’s evolution of Bitcoin seems to be in contradiction with the Twitter’s CEO Jack Dorsey. Dorsey believes that Bitcoin will be the unique currency used on Internet. Instead, Drake’s opinion remains that “hundreds” of cryptocurrencies will still remain on the market. That shows the big belief that Drake has related to the cryptocurrency market.

One of the most important Bitcoin investors sustains that there are revolutionary projects with “great solutions” that could change the cryptocurrency ranking. He underlines the fact that there are more hot cryptocurrencies, for example Ethereum. But his opinion about Bitcoin is that it will stay on top. According to Drake, Bitcoin is all about capital preservation.

“We’ve got to  calm down a little bit”, Drake says after acknowledging the SEC claims that some of the existing currencies are “fraudulent.”

 

BRIGHT FUTURE AHEAD: EVOLUTION OF BITCOIN

Drake keeps up with his optimistic vision about the crypto market even after the recent moves of Google and Facebook of banning direct ads about ICOs projects. He sees this as a “right thing”, emphasizing the real projects that can bring an improvement for the market. This decision of SEC to restrict the ICOs is seen in an optimistic way by Drake. This only will legalize the projects, will bring real solutions and notable improvements.

After a “cold winter” for cryptocurrencies, LDJ Capital’s founder seems to believe that 2018 will shape up as a defining one for the field.