Bitcoin is collapsing and will reach this level! • Al Marsad newspaper



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Al-Marsad Journal: Guggenheim Investments chairman Scott Minerd said in an interview with “CNBC” that he would be in no rush to buy the cryptocurrency.

He added that there was no reason for investors to buy Bitcoin at this time as he sees the world’s largest cryptocurrency in the midst of a collapse that could reach the $ 10,000 level.

“When we look at the history of cryptocurrencies and look at where we are at… I really think it could be a crash meaning a price drop of 70-80% which could push Bitcoin to inclusive levels. between $ 10,000 and $ 15,000, ”Minerd said. .

Minerd, who predicted last December that the price of Bitcoin would reach $ 400,000, said yesterday in the interview with “CNBC”: “I will not be in a hurry to buy Bitcoin and see no reason for it. own now. ” “If you’re going to be a speculator, expect him to drop.”

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