Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, Suggests that bitcoin can is here for a long run but it will go as low as 1000 usd once the bitcoin bubble will burst.
Boockvar sees a huge possible t price drop for Bitcoin this year, saying:“Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000.”
He says that an epic crash is going to hit cryptocurrency market, He says that he is sure that cryptocurrency market is a huge bubble and the air is already coming out of it.
According to him : "When something goes parabolic like this has, it typically ends up to where that parabola began," he said on CNBC's "Futures Now."
According to him it can drop till 90% of its price . Check out the full news here on CNBC