Is Peter Boockvar right with his predictions about bitcoin?
Wall street veteran Peter Boockvar came with his extremely pessimistic predictions about bitcoin price future today.
He claims thet an epic crush is going to happen in cryptocurrencie market.
"When something goes parabolic as this has, it typically ends up to where that parabola began," he said and added that bitcoin price could go down to 1000$ this year. He calls this situation classic bubble and the air is already getting out.
He is not sure if it is coming at once or it is going to be a long stable fall but he is sure it is coming. He sees this crash coming as tandem with intrest rates rise all around the world and blames central banks and Federal Reserve for it.
What do you think about this prediction? Is it real reason for panic for cryptocurrencie holders or just another try to make people sell their coins?
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