Bitcoin price will go down by 90%
The Bitcoin price will fall by 90% in the following year, leading to a massive cleanup, as GP Bullhound said in its last week's report.
Photo source: Pexels/Icons- CC0 license*
GP Bullhound director Sebastian Markowsky says the tide of new investors pulls Bitcoin's price upside down, but several strong sell-offs trigger mass sales in a panic attack.
Only a few of the strongest remaining in the cryptomarket will recover from this fall.
Earlier this year, economist Nouriel Roubini predicted Bitcoin's fall to zero, followed by Warren Buffett's pessimistic predictions of cryptocurrencies such as Bitcoin.
Contrary to these pessimistic predictions, they are also optimistic ones. Thomas Lee, director of development at Fundstrat Global Advisors, said Bitcoin could reach $ 25,000 in 2018.
So should we be optimistic or pessimistic? That is not clear yet, we can see back at the end of this year, who has right with their predictions. Let's wait and see but be prepared on both scenarios.
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