Investing and exchanging digital assets are ways to make a profit in the cryptocurrency market. Cryptocurrency mining provides a good opportunity to earn money. Today this...
“Bitcoin winter is already here” – Head of ADVFN Predicts Price to drop to $7000.
Butcher79
ADVFN CEO Clem Chambers, in an interview with Stansberry Research, said that the fall of bitcoin cannot be stopped, and also outlined the lower limits that the world's main cryptocurrency is striving for.
According to him, “Bitcoin winter has already arrived”, so there will be no growth in the cryptocurrency rate in the foreseeable future. He added that those who bought $60 bitcoin would have to wait a very long time to get their money back. Clem Chambers believes that the price of bitcoin will fall to $10, and at some point it may reach $000. However, the cryptocurrency will drop to $20000 first.
We are approaching $20000 for Bitcoin and $1000 for Ethereum. There will be huge volatility in the market. Traders need to be armed to the teeth with the tools to deal with this madness, but for an investor, it's a waiting game. There is absolutely no need for an investor to re-enter the market until the noise and volatility subsides. This calmness will be the basis and guideline for acquisition.
Clem Chambers
As we already reported, in June of this year, the revenue of Bitcoin and Ethereum miners fell by almost half compared to the previous month.
Crypto investor and analyst Lark Davis believes that bitcoin is still at the beginning of its life and that the price of the cryptocurrency will rise many times over.
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