Bitcoin May Drop By 50% In Value Before Rising Again

There was an ongoing speculation on the ever-increasing worth of Bitcoin. Some specialists consider that the worth will proceed to increase whereas there are others who consider that the Bitcoin bubble is about to burst.

Dan Morehead, CEO of Pantera Capital, whereas talking to CNBC stated that the worth of Bitcoin will drop 50% before it rises once more. Dan is among the early Bitcoin buyers. He entered the Bitcoin game when it was solely $72.

Dan believes that briefly Bitcoin worth would possibly go down however within the longer run Bitcoin shall be in a better position next 12 months when compared to this 12 months.

He stated,

“[Bitcoin could be] down 50 percent next week … where it was a month ago, but in a year, it’ll be much higher than it is today.”



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