Bitcoin's price reaching $250,000 too quickly could lead to a “blow-off top” moment, where investors would scramble to take profits, says a macro analyst.
Bitcoin reaching a quarter of a million dollars this year may be more trouble than its worth, according to a macro analyst.
“One of the worst things that could happen is Bitcoin shoots up to $250,000, and the S&P to 8,000 in like a 3-month period,” macro analyst and investor Mel Mattison told crypto entrepreneur Anthony Pompliano in an interview published to YouTube on Friday.
“And you get this blow-off top, and everybody rushes to the exits to take profits, and it starts going down,” Mattison said.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments