Bitcoin Will Rebound, But Altcoins are ‘Never Coming Back’: BitPay Exec. [CCN}


A top executive at one of the oldest and largest cryptocurrency payment processors said that he firmly expects bitcoin to rebound within the next year but that altcoin prices may never again see their early-2018 peaks.

Sonny Singh, chief commercial officer at BitPay, said during an interview with Bloomberg that his firm has “never been more bullish” on cryptocurrency, noting that adoption and infrastructure development is moving “full speed ahead” even as the market has shed approximately 80 percent of its value from its January peak.

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