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Bitcoin: Musk warns of price drop; losses could reach 90%
Bitcoin (BTC) faces a bleak outlook that has raised concerns among even the most optimistic cryptocurrency enthusiasts. Although the markets have risen recently, with Bitcoin trading near US$$ 100,000, dark clouds are beginning to form. Analysts warn of possible losses of up to 90%, and the market should prepare for the inevitable storms.
Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk made a worrying prediction: cryptocurrencies could be pressured by a tighter monetary policy in the US.
“Once dollar inflation is controlled, the dollar price to buy cryptocurrencies will eventually fall,” Musk said.
This statement generated intense speculation in the crypto community about how far prices could fall in a healthier economic environment. Musk highlighted that the management of government finances will be the determining factor for the future of the cryptocurrency market.
Seasoned trader Peter Brandt has issued a stark warning that no crypto investor should ignore. Despite holding Bitcoin and Solana in his portfolio, Brandt believes that the days of exponential growth for Bitcoin and other digital assets are over. He predicts a significant correction, with Bitcoin potentially dropping by 50% and a devastating loss for altcoins and meme coins, which could lose as much as 90% or 100% of their value. His outlook paints a worrying picture for the future of digital assets. Meme coins, known for their volatility and speculative nature, are at the greatest risk. Brandt warns that investors seeking quick returns from assets like Dogecoin and Shiba Inu should be aware that the volatility of these tokens could become their greatest enemy.
Bitcoin (BTC) faces a bleak outlook that has raised concerns among even the most optimistic cryptocurrency enthusiasts. Although the markets have risen recently, with Bitcoin trading near US$$ 100,000, dark clouds are beginning to form. Analysts warn of possible losses of up to 90%, and the market should prepare for the inevitable storms.
Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk made a worrying prediction: cryptocurrencies could be pressured by a tighter monetary policy in the US.
“Once dollar inflation is controlled, the dollar price to buy cryptocurrencies will eventually fall,” Musk said.
This statement generated intense speculation in the crypto community about how far prices could fall in a healthier economic environment. Musk highlighted that the management of government finances will be the determining factor for the future of the cryptocurrency market.
Seasoned trader Peter Brandt has issued a stark warning that no crypto investor should ignore. Despite holding Bitcoin and Solana in his portfolio, Brandt believes that the days of exponential growth for Bitcoin and other digital assets are over. He predicts a significant correction, with Bitcoin potentially dropping by 50% and a devastating loss for altcoins and meme coins, which could lose as much as 90% or 100% of their value. His outlook paints a worrying picture for the future of digital assets. Meme coins, known for their volatility and speculative nature, are at the greatest risk. Brandt warns that investors seeking quick returns from assets like Dogecoin and Shiba Inu should be aware that the volatility of these tokens could become their greatest enemy.
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