ADVFN CEO Clem Chembers in an interview with Stansberry Research said that the fall of bitcoin could not be stopped, and also outlined the lower limits to which the main cryptocurrency of the world is striving.
According to him, “bitcoin winter has already come,” so there will be no growth in the cryptocurrency rate in the foreseeable future. He added that those who bought Bitcoin at $ 60,000 will have to wait a very long time to get their money back. Clem Chambers believes that the bitcoin rate will drop to $ 10,000, and at some point may reach the $ 7,000 mark. However, the cryptocurrency will first drop to $ 20,000.
We’re heading towards $ 20,000 for Bitcoin and $ 1,000 for Ethereum. There will be tremendous volatility in the market. Traders need to be armed to the teeth with the tools to deal with this madness, but for the investor it’s a waiting game. There is absolutely no need for an investor to re-enter the market until the noise and volatility subside. This calmness will be the bottom and guideline for the acquisition.
Clem Chambers
As we already reported, in June 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 cryptocurrency rate will increase many times over.
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