CEO of IOHK says bitcoin to hit $100k after FUDs and manipulations clear up

The CEO of IOHK, the blockchain company behind Cardano, Charles Hoskinson made a positive remark about the price of bitcoin. Currently, bitcoin is changing hands at $6,880, which is a six month low for the leading cryptocurrency.

Charles Hoskinson blames FUD and manipulation for the BTC crash.

The IOHK CEO tweeted that “Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world. We will see 10k BTC again and welcome 100k. Crypto is unstoppable. Crypto is the future, he wrote on Twitter.”

Bitcoin's price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that's going to change the world. We will see 10k btc again and welcome 100k. Crypto is unstoppable. Crypto is the future pic.twitter.com/9vlgH4S7u2

— Charles Hoskinson (@IOHK_Charles) November 22, 2019

Charles Hoskinson reminded every one bitcoin is still on a global movement to change the world, and the price will touch $10,000 and then $100,000.

Bitcoin crashed after China announced a crackdown on crypto businesses.

The crash in the price of the bitcoin coincided with the People’s Bank of China’s announcement to crack down on crypto businesses in the country. The price of the leading cryptocurrency slumped down to a six month low as it dived down below $7,000 mark.

Currently, bitcoin is changing hands at just above $6,800. Earlier today bitcoin’s price dived down below $6,600 mark before making a slow recovery. $6,600 is a crucial support level for bitcoin right now.