💰 BlockFi: Up To $250 Bitcoin Bonus: (Sponsored)
Widely-followed crypto analyst Benjamin Cowen says the dot-com bubble in the late 1990s is giving a glimpse of what the bottom could look like for the Bitcoin and cryptocurrency market.
Cowen says that an 80% drop is highly possible for crypto.
“Sometimes I struggle to comprehend an asset class that has only a market cap of $500 billion, but considering that the asset class as a whole was $3 trillion not that long ago and we’re currently at $1.26 trillion, it’s not that far-fetched to assume that we can’t drop another 40% or so down to approximately $500 billion. I would consider that to be the absolute worst-case scenario.”
👕 Crypto Merch: http://merch.cryptonewsalerts.net
🔥 Daily Letter: http://letter.cryptonewsalerts.net
🔥 Blog / Podcast: http://cryptonewsyes.com
🔥 YouTube: http://cryptonewsalerts.net
🔥 Spotify: http://spotify.cryptonewsalerts.net
🔥 iTunes: https://itunes.cryptonewsalerts.net
🔥 Twitter: https://twitter.com/CryptoNewsYes
🔥 Facebook: https://fb.cryptonewsalerts.net
🔥 Telegram: https://telegram.cryptonewsalerts.net
🔥 TikTok: http://tiktok.cryptonewsalerts.net
Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3FH31i6
✔ LUNA Blockchain Halts: https://bit.ly/3wdJxyM
✔ Shaghai Confirms Bitcoin Virtual Property: https://bit.ly/3NdOo8B
✔ Puke-Out Capitulation: https://bit.ly/38p60Q0
✔ Crypto Worst-Case Scenario: https://bit.ly/3Nhrw8l
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #cryptocurrency #btc #BlockfiPartner