Ethereum (ETH) co-founder turned Cardano (ADA) creator Charles Hoskinson said that he expects Bitcoin (BTC) to be dorsum over $10,000 and reach $100,000 in the future.

In a tweet published on Nov. 22, Hoskinson urged the cryptocurrency community that Bitcoin is more than speculation, putting the blame on the latest drop in price on news media "FUD" — or fearfulness, uncertainty and dubiety — and market manipulation.

A global movement

Because there's more than to Bitcoin than only price movements, he expects the world's biggest cryptocurrency to see more than gains in the time to come. He said:

"Bitcoin'due south price is going down? Retrieve anybody, afterwards the FUD, news trading and manipulation clears out, we nonetheless accept a global motion that's going to change the earth. We will see 10k btc once again and welcome 100k. Crypto is unstoppable. Crypto is the hereafter."

Bitcoin'southward contempo cost action

As Cointelegraph reported, Bitcoin and altcoins have seen a notable price decrease yesterday. More precisely, Bitcoin briefly dipped below $7,000 earlier settling slightly higher.

However, as Cointelegraph'south market analysis pointed out, Bitcoin dominance is upwardly for the week at 69%, meaning that BTC has once again outperformed other cryptocurrencies during the despite its pass up this week.

Shortly later on the cost drop, Bitcoin futures daily volumes on digital asset platform Bakkt have hit a new all-time loftier, showing an increased interest in capitalizing on the renewed volatility.

In October, Hoskinson also expressed the idea that if Bitcoin fails, the entire cryptocurrency manufacture could fail.