The Next Big Bitcoin Crash

The ugly truth about bitcoin is that it has MASSIVE crashes! We are talking 70% to 90% drops in price. They come in like a tsunami and wipe people out for several months to a couple years before the new bull run comes along and breaks all time highs. The severity of these crashes may become less severe according to some analysts.

Dan Morehead, is the chief executive at Pantera Capital. He points out the steady drop in selling sentiment after the 2013-15 and 2017-18 bearish cycles, showing evidence that future bear markets could be much “shallower.” He states:”I long advocated that as the market becomes broader, more valuable, and more institutional the amplitude of [price] swings will moderate.”

Leave a Reply

Your email address will not be published. Required fields are marked *