Bloomberg Intelligence analyst Bloomberg Intelligence analyst Mac McQueen believes that the likelihood of a sharp fall in the cost of a Bitcoin is 90 percent in current market conditions.
"I've been studying this subject for a long time, and the more analyzes I'm doing, the more I'm sure there will be a big drop. Everything reminds of the Internet companies of the late 90s, "cleaning said.
Although the Bitcoin protocol is firmly limited to 21 million BTC, the different Bitcoin are too many and more than 50 million digital coins have already been issued based on the original block. McGill believes that hardly anything can stop the endless cloning of the Bitcoin.
Financial expert calculations show that the cost of the Bitcoin will fall to $ 900 per 1 BTC, and this is the average price since the beginning of 2017.
At the present time, the cost of the Bitcoin after a smooth rise over the past few days reached $ 8,854, with the exchange rate rising to 3.97%.
Earlier this week, JPMorgan & Chase analysts predicted a $ 3,655 drop-in Bitcoin prices over the next few months.
Recall that at the beginning of February, JPMorgan began blocking customer transactions to buy Bitcoin with a credit card.
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