Opinion: Bitcoin price could drop to $ 20 thousand

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The bitcoin rate is likely to fall to $ 20 thousand, said Scott Minerd, investment director of Guggenheim Partners, in an interview with CNBC. He added that the first cryptocurrency is unlikely to hit its all-time high soon. The last record of $ 42 thousand, set in early January, will hold out for at least another year, Minerd is sure. Writes about this RBC Crypto.

The head of the analytical service CryptoQuant, Ki Yang Joo, is also expecting a quick decline in the price of bitcoin. In his Twitter account, he explained that large investors are transferring their BTC to exchanges, probably for the purpose of selling. If buyers show no interest, the market will decline, Ju warned. Nevertheless, he expressed confidence that this year the rate of the first cryptocurrency will rise to $ 100 thousand.

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“Without a doubt, this year it will reach $ 100K, but in the short term, if we do not see significant interest from buyers, I think BTC will decline,” Ju wrote.

Earlier, well-known cryptanalyst Willie Wu said that Bitcoin’s target of $ 100,000 looks extremely low. According to his forecasts, the price of the first cryptocurrency moves to the level of $ 200 thousand, this is the “minimum”.

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