“A massive opportunity” – when the $ 2 trillion Bitcoin, Ethereum and Crypto price crash could end
Bitcoin, ethereum and other major cryptocurrencies have suffered a brutal crash in recent months as a bitter new cryptocurrency sets in.
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The Bitcoin price has fallen below the closely monitored $ 20,000 per bitcoin level, with the latest sky-high US inflation reading pushing the bitcoin price below $ 19,000. The Ethereum price is currently trading around $ 1000 per ether – down from almost $ 5000 late last year – with crashes drying up around $ 2 trillion from the combined crypto market.
Now, despite investors saying they are not yet ready to call [market] Bottom line, an influential crypto investor has predicted that the bitcoin price will peak its previous all-time high of nearly $ 70,000 by 2025.
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The Bitcoin price has crashed by around 70% since it reached an all-time high of almost $ 70,000 per share. … [+]
“Over the next 24 months, we will see new all-time highs in bitcoin,” CoinShares Strategy Director Meltem Demirors said. CNBC this week, pointing to the history of bitcoin as a “cyclical asset” that has previously seen 90% withdrawals after price peaks.
“It’s a very long, long tail of cryptocurrencies that I think will go to zero, which does not really have any long-term prospects that we have seen with so many technology stocks as well,” the Demirors added, repeating the cryptocurrency billionaire. Sam Bankman-Fried, who last week warned of “a significant fraction” of cryptocurrencies that are nothing more than “empty products”.
Others have gone further, suggesting that the vast majority of the crypto market will be wiped out during the coming crypto winter.
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The Bitcoin price has crashed back after a higher than expected US inflation reading, and is going down … [+]
“This is a cleansing process that we believe between 80% and 90% of cryptocurrencies will not survive this period,” Louis Schoeman, CEO of the broker comparison site Forex Suggest, wrote in an email comment.
“It also serves as a huge opportunity for many no-coiners to enter the crypto market for the first time ever at prices not seen since 2017. Fortune favors the brave in crypto right now.”
