5 minutes agoBitcoin's value could drop to 90%
Periskopi(8 years ago)
(8 years ago)Wall Street vet Peter Buckvar predicts an epic crash will hit the Kryptonat market. He is not sure whether the fall will be quick or slow, but he says it will come. When something goes parabolically, it usually ends where the Parabola” started, he said about [...]
He is not sure whether the fall will be quick or slow, but he says it will come.
When something goes parabolically, it usually ends up where the Parabola”, he says of CNBC, follows the telegram.
Buckvar claims Bitcoin is at risk of falling 90 per cent from current levels, calling it a classic bubble.
“won't be surprised if the value of Bitcoin over the next year will drop to 1,000 to 3,000$”, he added.
Buckwar's decline is coming at the same time as interest rates rise across the globe. He blames central banks, including Federal Reserve, for manipulation of cryptoids because of their policies designed to alleviate the effects of the global financial crisis.
He claims that investors' attitudes towards risk assets will change and that the stock market could see collateral damage, but everything would be based on psychology not on anything wrong with the economy. /Telegraphy/
