Bitcoin Falls To $ 1,000 This Year – Wall Street Investor
Bleakley Advisory Group’s chief investment officer, Peter Prikvar, believes that bitcoin can survive for a long time, but its price will drop significantly when the cryptocurrency bubble bursts. He stated this in a conversation with CNBC.
According to Bukvar, this year the price of bitcoin will decrease by 70-90%.
“I wouldn’t be surprised if bitcoin drops to $ 1,000 – $ 3,000 this year,” he said..
When asked whether the stock market would fall after Bitcoin, Primer noted that any relationship of this kind would be purely psychological, because “Bitcoin is not something that could have an impact on the $ 19 trillion economy “.
At the same time, hard times await for citizens of the USA, South Korea and Japan taking out loans for cryptocurrency investment..
The primer believes that cryptocurrencies owe their growth to the easy money policy pursued by central banks, which actively use their printing presses. Because of this, digital currencies, in particular bitcoin, are becoming more attractive for an ordinary investor, since they have a limited volume of emission..
Economists have long wondered if Bitcoin is a bubble, and if so, at what stage it is. For example, Nobel Prize laureate Robert Schiller in September last year cited bitcoin as a reference example of a bubble, and recently announced that the cryptocurrency will face a “complete collapse”, even if it can survive for a hundred years.
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