Bitcoin prices have begun to stabilize in the last two days after falling 15% in trading last Friday. However, there are people who predict that the most popular cryptocurrency with the largest market capitalization will decline again even in front of Crypto Winter.
Launched data from the Coin Market Cap, on Monday (24/1) trade up to 06:05 WIB, Bitcoin traded around US $ 35,629 / coins, up 2.12% in the last 24 hours. But in the last 7 days, Bitcoin fell more than 17%.
Ivesco, an investment company based in Atlanta, the United States (US) see Bitcoin will drop below US $ 30,000 / coin because there is similarity with Wall Street crashes in 1929. The similarity lies in the massive promotion of Crypto which is the same as the broker in America Union before Wall Street fell.
"Massive marketing Bitcoin reminds us of brokerage activities that triggered Wall Street crashes in 1929," Paul Jackson said, Head of Asset Invesco's allocation.
"We think Bitcoin has fallen under $ 30,000 / coin this year," he added.
Jackson said the probability of Bitcoin accidents under $ 30,000 / coins was 30%.
Previously, UBS analyst said the Crypto market was at risk of decreasing "winter" and then stagnant for a long time.
Crypto winter previously occurred in 2018, when Bitcoin prices fell more than 70%, then stagnate and tended to decline until April 2019.
The UBS analyst team led by James Malcolm said the increase in the US Central Bank interest rate (the Fed) this year would reduce the attractiveness of Bitcoin.
In addition, Malcolm also stated that Crypto investors are now beginning to see Bitcoin because it is not a "better currency", because it has high volatility.
From a record high it was reached on November 10, above US $ 68,000 / coin, to this day Bitcoin has fallen more than 46%.
In addition, another risk factor for triggering Winter Crypto is the possibility of government regulations in various countries.