Bitcoin was supposed to go mainstream in 2018. Then the price plunged.

Bitcoin fell flat in 2018

Last winter, as bitcoin zoomed to $10,000, Mike Novogratz, a hedge-fund-manager-turned-crypto-investor, proclaimed that it could “easily” reach $40,000. Then, when bitcoin broke $11,000, antivirus software pioneer John McAfee boldly predicted $1 million bitcoin by 2020. For one astonishing moment, when bitcoin exceeded $20,000 per coin in mid-December 2017, Novogratz and McAfee seemed prophetic.