Aarnav Statements

Manpreet Singh

( Chief Operating Officer )

I can look at the chart and consider worse levels than $2,500:

I can if I try really hard imagine we have seen the bottom but what looks very possible is that we are repeating the previous bitcoin performance of basing with tightening volatility. What happens next is a breakdown and the next leg of the crash.

If it does, I believe this will be the final bottom.

Nothing in my mind can make bitcoin go to zero,bar some unforeseen technical disaster. A mining collapse is the only possibility and that could only happen if the price went suddenly and significantly below $1,000, because the latest breed of SHA256(secure hash algorithm) miners can operate profitably below $1,000 a coin and who knows if there are private application specific integrated circuits (ASICs) that can mine even cheaper than that.

To me if bitcoin isn't going to zero, it is going to the moon. Long term there doesn't seem much of an alternative.