💢Musk said that the price of Bitcoin may decline with the easing of US dollar inflation,
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Tesla CEO Elon Musk made a prediction on Tuesday that once the issue of US dollar inflation is resolved, the prices of cryptocurrencies such as Bitcoin and Dogecoin are likely to face a downward trend.
However, Wall Street investment firms hold different views. Bernstein pointed out in its latest report that Bitcoin, as the world's most valuable cryptocurrency, will continue to follow the "super bull market curve" this year, and it is expected that by 2025, the price of Bitcoin will once again experience a triple digit increase, reaching a historic high of $200000.
At the same time, American billionaire and well-known figure in the cryptocurrency investment field, Michael Novogratz, also issued a warning. He stated that the price of Bitcoin is bound to break through the $100000 mark, but there may be a drop of up to 20% thereafter. Novogratz believes that the current leverage level in the cryptocurrency market is approaching its limit, and market adjustments are inevitable. Stocks and ETFs with highly concentrated leverage will also be affected. Therefore, he suggests that investors should closely monitor potential risks such as market volatility and regulatory uncertainty, and adopt effective risk management strategies in a timely manner to cope with possible market changes.
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