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Blockchain Fund Founder, Kavita Gupta: Crypto Winter Is Here, Would Stay For Over A Year

Blockchain Fund Founder, Kavita Gupta: Crypto Winter Is Here, Would Stay For Over A Year

Delta Blockchain Fund founder Kavita Gupta highlights her views about the crypto winter that has entered to stay over a year. 



She is also optimistic about Bitcoin hitting a new high in the coming future.



Bitcoin is currently trading at $30,185 and is up by around 3% in the last twenty-four hours.



Kavita Gupta, the founder of Delta Blockchain Fund, has recently highlighted that the current market correction has ringed in the winter season which is here to stay for over a year. 



She highlighted her views in an interview with Bloomberg technology that the crypto winter is similar to the earlier price movements, primarily following Bitcoin (BTC) reaching a New All-Time High. 



Can Bitcoin (BTC) Slip To $14k?



She made a prediction which is quite a big one for the Bitcoin enthusiast, as she cites that the crowned cryptocurrency might plunge to $14,000, and she signifies this to be an impact of the winter season. Further noting that a similar price movement would affect Ethereum (ETH). 



According to her, she thinks it is just the beginning of crypto winter. She does not believe that Bitcoin is going back to $45,000, $50,000, or $60,000 for another year and a half. And she is very surprised that people are expecting that BTC is going to continue to hover around $30,000. She expects it to go down to somewhere between $14,000.



Furthermore, despite the crypto winter, the founder cited that Bitcoin would still hit a new record high in over a year. She is optimistic that the market correction will present a chance for more Bitcoin adoption, which is an element that will inspire the new all-time high. 



ALSO READ – What made the revenue stream, Ethereum Name Service, to hit a record high this month?



She signifies that the more the companies add the flagship crypto to their balance sheet, the more are the chances of a new high. 



At the time of writing, Bitcoin is trading at $30,185 with a market cap of $574,934,177,259 and is up by around 3% in the last twenty-four hours. 

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