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Bitcoin expert warns of imminent drop cnbc
Bitcoin expert warns of imminent drop cnbc








bitcoin expert warns of imminent drop cnbc

In 2013, Pantera launched its first cryptocurrency fund. After a bully first quarter of 2021 that led to an all-time peak of 63,000 per unit in mid-April, the worlds leading digital currency now. In 2003, Morehead founded Pantera Capital, an institutional investment firm focused exclusively on digital currencies and related companies. The past month and a half has been bumpy for Bitcoin. After correctly predicting in May the cryptocurrency’s drop to 20,000, the billionaire co-founder of Mobius Capital Partners now says Bitcoin will fall to 10,000 sometime next year, which. The SEC is in information gathering mode.

bitcoin expert warns of imminent drop cnbc

Morehead, who began his career at Goldman Sachs as a mortgage-backed security trader, characterized bitcoin and other digital currencies as "digital gold." He also worked as head of macro trading and CFO at Tiger Management, the hedge fund founded by investing legend Jul ian Robertson. Bitcoin ETF Not Imminent, Says Market Expert Dave Nadig Dave Nadig told CNBC there was no reason for any immediate hope of approval and that the regulator would likely exercise its authority to kick this can down the road and avoid making a decision as long as possible. where it was a month ago," Morehead said on CNBC's "Squawk Box." But in a year, "it'll be much higher than it is today." 'All markets crashing: real estate, stocks.

bitcoin expert warns of imminent drop cnbc

He has since doubled down on that assessment, claiming in a podcast. "And there's going to be some ups and there's going to be some downs, but we're still really early."īlockchain, the technology underlying bitcoin and other digital currencies, is an anonymous, decentralized public log that records all transactions.īitcoin could be "down 50 percent next week. 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. Bitcoin was trading at less than 4,000 when he said he thought it would hit 250,000 in 2022 or the beginning of 2023. "For the big blockchains like bitcoin, ethereum and ripple, we're in the first innings of a multidecade thing," said Morehead, who bought bitcoin when it was at just $72. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit










Bitcoin expert warns of imminent drop cnbc