![]() ![]() However, he said on CNBC’s Future Now that the drop in value could either happen suddenly or steadily. Minerd's comments come after European Central Bank President Christine Lagarde said cryptocurrencies are "worth nothing. Chief Investment Officer at Bleakley Advisory Group, Peter Boockvar, said on Sunday that as much as 90 per cent of Bitcoin’s value could be wiped off soon. bitcoin expert warns of imminent drop free If you take undue risks and those risks come back to bite you in the ass, there is no lender of last resort.ue to the normalization of playing far out on the risk curve that the fiat system has brought with it, many felt comfortable playing fiat games with their bitcoin. Business News Today: Read the latest business news on the Indian economy, global market, upcoming IPOs and more. Minerd added that additional technological advances could change that and help create an ecosystem where people get used to using cryptocurrencies for transactions and are confident they will hold their value. "None of these things pass, they don't even pass on one basis," he said. In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to. Get our experts perspectives on current trends. "I don't think we have had the right prototype yet for crypto," he said, saying that currency needs to store value, be a medium of exchange and unit of account. will change the Federal target rate at upcoming FOMC meetings, according to interest rate traders. "Everything else, we couldn't tell you if Amazon or was going to be the winner." "If we were sitting here in the internet bubble, we would be talking about how Yahoo and America Online were the great winners," he said. Bitcoin has been tightly correlated with the stock market since the start of 2020. Minerd compared the current situation to the dotcom bubble of the early 2000s. "Most of these currencies, they're not currencies, they're junk," he said.Įven so, he said, "I don't think we've seen the dominant player in crypto yet." ![]() 'All markets crashing: real estate, stocks. ![]() Personal Loans for 670 Credit Score or Lower Robert Kiyosaki rang the alarm on an imminent market crash, and urged investors to pounce on the bargains that emerge, in a pair of recent tweets. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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