Bitcoin [BTC] millionaire feels that “the Phoenix will rise from the ashes” in 2019

Charlie Shrem, one of the early investors in Bitcoin [BTC] and a subsequent millionaire, recently gave his views on the current cryptocurrency market, Bitcoin’s rollercoaster movement and the cryptocurrency situation in 2019.

Speaking to Ran NeuNer, Shrem who is also a board member of the Bitcoin Foundation, started by saying that the current bear market is the most serious one ever. He stated that a lot of people had invested in cryptocurrencies with the hope that the market would not crash. NeuNer went to ask the pertinent question of whether Bitcoin is dead to which Shrem replied:

“It’s not dead right now. There is enough security in Bitcoin that it will exist in the long term. A lot of people are accumulating Bitcoin and want it to last for a long time.

Shrem was also in the news recently when the Winklevoss brothers sued the Bitcoin millionaire for 5000 missing funds. The conflict was again brought to notice by Cameron Winklevoss in an interview with The New York Times when he said:

“When he purchased $4 million in real estate, two Maseratis, and two power boats, we decided it was time to get to the bottom of it.”

The Bitcoin Foundation member then spoke about Ethereum and EOS, stating that a lot of such projects are going to die. He said:

“Many of them are going to die soon, some are already dead. You need to understand that most of these projects are science experiments. People like Vitalik and lad have stated multiple times that this is not real money and people should not put their life savings into it. Sh*# happens.”

Shrem then touched upon the upcoming projects, saying that 2019 will be the year “the Phoenix rises from the ashes”. He opined that a lot of projects which were developed in 2018 will see their launches in 2019 and the majority of them should deliver. In his words:

“You will see a lot of projects like decentralized storage and decentralized delivery. A lot of these can be fantastic or can turn out to be crappy. The year will also see a lot of privacy coins do well including utility projects.”

Charlie Shrem closed his discussion with Ran NeuNer saying that a lot of people had lost the love for crypto, but he was still “all in on crypto”.