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Bitcoin may tank a lot

Bitcoin, the largest cryptocurrency in the world, may fall to $8,000 dollars sometimes, which is a 70% drop from Tuesday morning’s price of $30,000. This was predicted by the “Guggenheim Chief Investment Officer, Scott Minerd”. Bitcoin has fallen below $30,000 this month, and has struggled to come back high above that point. The cryptocurrency market has seen a $500 billion dollar decrease in valuation just the past month. Bitcoin is down 24% in just the last 30 days. 

Source: https://www.cnbc.com/2022/05/23/bitcoin-btc-could-fall-to-8000-a-70percent-drop-guggenheims-minerd.html

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