The founder of Morgan Creek Digital Assets, Anthony Pompliano, told CNN in an interview why he and other entrepreneurs are protecting Bitcoin and remain committed to new technologies even though the market is plummeting.

"We have very deep conviction on a long-term basis. And if you look at the fundamentals, the 24-hour transaction volume on the Bitcoin network is about $4.6 billion as of lately, and the market cap is $74 billion. So that's about a 16-times multiple of transaction volume for market cap. That's very similar to MasterCard which does about $11 billion worth of transactions and is valued at about $180 billion. So from a value perspective, it's right there on par with MasterCard," he said.

Spencer Bogart, a partner at Blockchain Capital, a venture capital firm, said in a conversation with Bloomberg that despite the long bearish cycle in the cryptocurrency market, cryptoactives still have enormous potential.

The expert still holds positive predictions about the future of Bitcoin, noting the critical role of "programmable money", whose popularity will continue to grow.

Financial analyst and co-founder of Fundstrat Global Advisors Tom Lee changed his forecast for the price of Bitcoin by the end of this year, cutting the figure almost twice.

Lee believes that predicting future quotes need to build on the cost of mining. Analysts at Fundstrat report that earlier the return on Bitcoin mining on the S9 Antminer device was $ 8,000, but now the figure has dropped to $ 7,000. According to Lee, the first cryptocurrency rate should exceed the payback index 2.2 times, so his forecast is $ 15,000.

A cryptocurrency credit startup "SALT Lending" and a former member of the board of directors of the company Erik Voorhees are under investigation by a US regulator. It is reported by the publication The Wall Street Journal, citing "sources familiar with the situation."

The eccentric cryptocurrency enthusiast and creator of one of the first antivirus companies, John McAfee, once again confirmed his opinion about Bitcoin for a million dollars by 2020. Moreover, according to him, this is a very conservative forecast.

Despite the significant market downturn and Bitcoin prices, McAfee remains calm and optimistic about his prediction.

At the Web Summit conference held in Lisbon, venture investor Tim Draper once again confirmed his opinion that by 2022, Bitcoin will cost $ 250,000.

Initially, such a statement regarding the first cryptocurrency Draper made back in April of this year. He noted that it is not important what the public believes in - Bitcoin will add value.

The head of the largest Bitcoin derivatives trading platform BitMEX Arthur Hayes expressed the opinion that the "bearish" trend in the cryptocurrency market may last another 18 months.

"My view is the volatility environment that exists right now could persist for another 12 to 18 months, the flatness. I am just basing it off my previous experience. I started in bitcoin in 2013, when the price went from $250 to $1,300. And then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money," he said.

Former head of the US Federal Reserve Janet Yellen, known for her extreme skepticism about cryptocurrency, unexpectedly for herself became the owner of a small part of Bitcoin, having received it as a gift.

The well-known critic of the Federal Reserve and part-time supporter of cryptocurrency Ron Paul published an article entitled "Trump Is Right, Fed Is Crazy", where he urged to abandon the fiat money printed by central banks, and start using alternative calculation options, which include cryptocurrencies.

The head of deVere Group, Nigel Green believes that in the coming years, the superiority of Bitcoin in the cryptocurrency market will significantly decrease. However, this will not prevent the first cryptocurrency to grow by another 5000%.

Green, however, recognizes the merits of Bitcoin and the revolution accomplished by this cryptocurrency, but believes that new technologies and cryptocurrencies will surpass the progenitor in time.

The loud statements of the President of Venezuela about the upcoming triumph of El Petro cryptocurrency and the possibilities to destroy the US sanctions pressure with its help have not yet received practical confirmation.

Popular cryptocurrency analyst and host of the television show Cryptotrader on the American channel CNBC Ran Neuner is sure that the price of Bitcoin is "about to explode." On October 7, he wrote in his Twitter account: "I just bought Bitcoin for my parents. It's too obvious that it's about to explode... "

The ratio of Neuner to the price of Bitcoin has almost always been optimistic. In a recent interview with the hedge fund owner Michael Arrington expert said that by the end of the year Bitcoin will reach $ 25,000.

The well-known Bitcoin-optimist and former hedge fund manager Michael Novogratz, who previously assumed the price movement of Bitcoin to new historical heights until the end of 2018, revised his forecast.

Previously, Michael suggested that the cost of all cryptocurrencies would reach $ 20 trillion, and Bitcoin would cost $ 40,000 by the end of 2018. Despite such positive forecasts, the year is coming to an end, and the current state of affairs in the market does not closely correspond to the declared. In this regard, Mike decided to change his forecast and at the Finance Disrupted conference, he said that by the end of the year Bitcoin would hardly be able to achieve a quarter of the value he had named.

The well-known Chinese OTC trader and cryptocurrency billionaire Zhao Dong believes that the next 15 months is the ideal time to acquire a cryptocurrency. According to Dong, you need to select a "quality undervalued project", buy its tokens and do not sell them for a long time.

In a note to Fundstrat Global Advisors clients, analyst Tom Lee wrote that the Ethereum is ready to change the trend to a bottom line and make a strong rally. According to the analyst, the perception of the air on the market turned out to be "too negative" and it allows us to say that in the near future the value of the cryptocurrency will be restored and will go on growth.